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Ethereum Dev Community,

Please help verify or correct these statements. I am hoping to improve my conceptual knowledge of the Ethereum Blockchain in the following regards, and I hope that the verification or corrections to these statements will help others too.

Regarding starting an initial token offering, my current thinking is that:

  1. forking insulates us from happenings on the main ethereum network such as excessive CryptoKitty traffic;
  2. forking mean that we must start out initially with our own mining;
  3. GPU miners that like us will likely seek to mine our token;
  4. A forked ethereum token's transaction speed is proportional to its volume of miners.

Again, I am seeking to have these perceptions verified or corrected.

Thanks!

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Forking a blockchain is a huge task.

To fork into a separate blockchain, you have to convince miners, exchanges and waller providers that the new chain is worth putting the extra effort required.

You have to implement protection for a replay attacks, this implies modifying the reference clients and maintaing them.

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Incorrect: A forked ethereum token's transaction speed is proportional to its volume of miners.

Your network would have the same transaction throughput as the original network unless there is technical innovation involved.

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  • How about the other statements? Thanks. – Thom Ives Dec 9 '17 at 0:57

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