The Top 5 Mistakes in Blockchain Projects Implementation

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Apr 19, 2018 · 11 min read

Blockchain Project Development: 2018

Blockchain Project Ecosystem
Blockchain on Github

1. Wrong Statement of Project During ICO/Token Introduction

No Specific Great Mission, Goals, or Meaning of the Project

A Low Level of Product Development

Traditional contracts vs smart contracts

Insufficient Resource Investment

Lack of Patience and the Fear of Making Mistakes

Short-term trading vs long-term trading

“The man who begins to speculate in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest on his money sometimes gets rich.” — Charles Henry Dow

A Poor Level of Safety

How many Bitcoins were lost as for November, 2017

2. Wrong Decision on Blockchain Type and Consensus

3. Wrong Business Model

4. Profitability versus Cryptocurrency Return

5. Wrong Market Estimations


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Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support

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Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support.

Applicature

Blockchain development agency focusing on production ready solutions, smart contracts technologies, cryptocurrencies and technical ICO support