Are crypto-currencies similar to the Elements in Mendeleev’s Periodic Table?

Are crypto-currencies similar to the Elements in Mendeleev's Periodic Table?

Sometimes it’s completely impossible to explain the growth of crypto-currencies. Back in spring, when everything was on the up, Nautilus coin was also up – in fact, very significantly. Yet it turned out that the project at github had been abandoned for three years, and the main developer rolled out crypto just before he passed away. I had a discussion on this topic with someone who had compared the new crypto-currency with the Elements in Mendeleev’s Periodic Table. If they’d been found, then it meant they existed, and someone needed them. We can apply this kind of logic to justify creating millions of currencies – but not to justify actually using them. Technically, even if Bitcoin stops growing, it will still hold its value for a long time – but could the same be said of the others? Or perhaps let’s rephrase that… are decentralised projects similar to a fossilised, or living organism, with all its cycles of development?

Illustration by Katerina Krashtapuk

Pavel KravchenkoCryptographer, founder of Distributed Lab