Cryptocurrency Q&A What are the crypto billion dollar zombies?

What are the crypto billion dollar zombies?

SapphireRider SapphireRider Mon May 20 2024 | 7 answers 1555
Could you elaborate on the term "crypto billion dollar zombies"? I'm quite intrigued by this unusual phrase. It seems to suggest a specific group or phenomenon within the cryptocurrency sphere, but I'm not entirely sure what it represents. Are these "zombies" some sort of investors who have lost significant sums of money but continue to participate in the market? Or perhaps they refer to projects or tokens that have once been highly valued but have now become dormant or lifeless? In the context of billion dollars, it suggests a significant financial impact. Are these zombies responsible for large-scale losses in the crypto market? Or are they somehow still generating revenue despite their apparent inactivity? I'm also curious about the origins of this term. Is it a recent coinage, or has it been around for some time? And what is the general perception of these crypto billion dollar zombies within the community? I'd appreciate it if you could provide some clarity on this topic. It seems to be a fascinating aspect of the cryptocurrency world that I'm not entirely familiar with. What are the crypto billion dollar zombies?

7 answers

Riccardo Riccardo Wed May 22 2024
Bitcoin Cash, a spin-off of Bitcoin, aims to provide faster transaction speeds and lower fees. It has become a popular choice for those seeking an alternative to the original Bitcoin blockchain.

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Valentina Valentina Wed May 22 2024
Spin-off blockchains, also known as "hard forks," are a fascinating aspect of the cryptocurrency landscape. These zombie blockchains have emerged from disagreements among programmers over the operational direction of Bitcoin and Ethereum.

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Giuseppe Giuseppe Wed May 22 2024
Among the five most significant spin-off blockchains are Bitcoin Cash, Litecoin, Monero, Bitcoin SV, and Ethereum Classic. These blockchains have collectively amassed a valuation of $23 billion, reflecting their growing popularity and market acceptance.

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Caterina Caterina Tue May 21 2024
Ethereum Classic, a spin-off of Ethereum, maintains the original blockchain history after the DAO hack. It serves as a testament to the importance of decentralization and immutability in cryptocurrency.

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DigitalCoinDreamer DigitalCoinDreamer Tue May 21 2024
Litecoin, another spin-off, focuses on offering faster confirmation times and improved scalability. It utilizes a different mining algorithm, making it distinct from both Bitcoin and its other spin-offs.

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