Advantages of altcoins ? - page 24. | Bitcointalksearch.org

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?

There is a wide range of variations between altcoins. The transaction fees, transaction times, scalability, can vary. Also, some coins don’t use a blockchain which could have some benefits as well as some drawbacks. There are also altcoins that are designed for specific functions such as platforms for tokens, internet of things, mining, privacy, etc. I think these variations are important because they serve different purposes.

Livermore_

brand new

Activity: 0

Merit: 263

First in theory and almost 100% in practice all altcoins has an improved transaction speed in relation to Bitcoin, it has greater utility due to the liquidity rate lower than Bitcoin, in this case the price can be considered. In general the biggest advantage of altcoins is the ease of obtaining them for a small price, at this current time in the market.

Ade A Aziz

newbie

Activity: 221

Merit: 0

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?

In my opinion, each altcoin has a distinct advantage, because it focuses more on developing a functional technology that may be the solution of a problem that lacks bitcoin. For example, altcoin transactions are usually faster and cheaper.

Afrizky R

newbie

Activity: 180

Merit: 0

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?
[/quote

since many coin alts are made with the intention to outperform the bitcoin, in terms of transaction speed and transaction costs more favorable than others

many more profits are gained depending on each coin alt will be used for what

kenelmark

sr. member

Activity: 1204

Merit: 250

the advantages of altcoin are its easy-to-reach price and its many suppliers, while bitcoin is always superior in price and out of supply, that's what I know.

bedulook

newbie

Activity: 112

Merit: 0

Most altcoins serve as utility tokens which is use to perform transactions on the project platform. With such coins one can get discount from using that altcoin to make a purchase.

ivlvov

member

Activity: 140

Merit: 10

CRYPTASSIST.io

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?

Each altcoins has its advantages and disadvantages. In one altcoin, the high speed of transactions in another privacy. Each crypto currency has its own positive features for which this currency is valued by people.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

There are in the bid to replace the challenges and short comings of bitcoin which will definitely give any of them that is able to do that. For instance, the scalabity is a major challenge

Feuerbach

full member

Activity: 448

Merit: 100

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?

Altcoins are divided into different groups according to their functions. If we consider altcoins as an investment, then they can grow more in price in a shorter period and a greater number of percentages

Bencus

member

Activity: 265

Merit: 11

Depends on the coins, but generally the newer altcoins tend to have much more sophisticated algorithms. So you can expect fast and cheap transactions.
Plenty of them has some sort of utility, a goal which is built upon.
This goal for Bitcoin was to create the first cryptocurrency, with working transactions and ledger. - Blockchain 1.0
For Ethereum, it was the increased transaction speed with being turing complete - so you can build almost anything onto the infrastructure it creates. - Blockchain 2.0
Newer alts, like EOS, or Wanchain, aims to be Blockchain 3.0 . What it takes to be that is something I dont know, probably undefined yet. But interchain solutions of WAN makes it more interesting.

AlisaWhishie

member

Activity: 322

Merit: 20

Each of them is trying to replace BTC in some way, so they are constantly improving in all different issues that BTC really has (such as transaction speed, throughput, and drawbacks of PoW algorithm as well). If you are really interested in technical details, you may want to read about different generations of blockchain, as it seems to me like a right topic to start from.

teeevnglst

jr. member

Activity: 154

Merit: 1

In a investors perspective altcoin is par better than bitcoin when it comes to possible potential for its the reason why many people tried to invest on different altcoins. A chance to increase your profit is also the reason why many people lose their earning since they dont consider the risk of altcoins.

alient86

newbie

Activity: 196

Merit: 0

Main advantages:
1. Higher transaction speed due to the use of improved algorithms;
2. Improving anonymity;
3. More profitable mining.
4. Increased number of functions

kayakcrypto9875

newbie

Activity: 70

Merit: 0

Bitcoin is the first ever cryptocurrency that introduced new method of cash system. Later altercoin evolved with more precision and advanced usability. Like instant transactions, cheaper fees, low consumption of energy , infinite scalability etc.

kimochidesh

sr. member

Activity: 518

Merit: 257

Quote from: cryptomonotize on May 21, 2018, 11:49:25 AM

What advantages do altcoins have that differs it from bitcoin ?

It depends a lot on the specific Altcoin as many of them exist only as the leftovers of pump-and-dump schemes intended to make their creators rich. Amway, we all know Bitcoin has a transaction time of over ten minutes on average. And this can take several hours in cases thanks to its very low block size. Altcoins like Dash and Ripple have successfully overcome this problem and has a clear advantage over Bitcoin at this point. Also mining of Bitcoin is much expensive and difficult requires data center for it while Altcoin like ripple can be mined using a mobile phone.

cryptomonotize

newbie

Activity: 55

Merit: 0

What advantages do altcoins have that differs it from bitcoin ?

Topic: Advantages of altcoins ? - page 24. (Read 2642 times)