Singapore, Singapore, February 17 2021, // ChainWire //
99Bitcoins , an educational website that maintains a list of Bitcoin Obituaries made by the media, also took over the Dead Coins project. This movement effectively crowns 99Bitcoins as “the cryptoverse's undertaker”.
Deadcoins.com was created in late 2017 to document the death of thousands of altcoins that have arose during the cryptocurrency mania of that era. The idea was simple: create a list of coins that ceased to exist after the hype ended.
A coin can become "Dead" for such reasons as its development is stopped, without whoever uses or trades it, being exposed as a scam and more. So project was initially maintained by its founders, it was late outsourced to authorized cryptocurrency community add own dead coins.
“I think the dead coins project is a brilliant idea that needs a bit of polishing,” says Ofir Beigel, owner and founder of 99Bitcoins . "The fact that anyone could add a dead part themselves made the parts list very inaccurate. We spent days going through the list.e complete and sift through all the pieces that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin, and Tether are just a few of the coins listed when we took over the project. ״
“I think the community sometimes mistakes a shitcoin for a dead coin.” Ofir adds, “We have set up clear death indicators so that it is easy for us to decide whether a part is really dead or not. That way, we still use the community entry, but make sure it goes through another filter to verify the correctness of the submission ”.
In the future, the project is expected to automatically add coins to the list through the use of APIs to index sites such as CoinGecko and CoinMarketCap. With the latest surge in the cryptocurrency market, it seems logical that plenty of new bids will arrive once the hype dies down.
- Zsofia Elek
- 99 Coins LTD
- zsofia @ 99bitcoins.com