Crypto faster & cheaper? - page 7. | Bitcointalksearch.org

ExtremeFacials.com

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Quote from: Minh Phat on July 09, 2018, 11:40:12 AM

I think this is a good time to invest in Cryptocurrencies. First of all, find out what kind of Altcoin is right for a better investment

I agree with you but not all people have any knowledge about cryptocurrency in all. First you need to study it is and you can invest in it.

bright4mech

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Crypto is a digital currency that has no fixed price, which can be raised and also dropped at any point in time, so many people used the advantage to invest more, when the price is on a cheaper side.

viewpaker

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I think potential alternative coins mentioned in the section will soon overtake bitcoin in terms of usable of service offer in transactions fees. Right now bitcoin have higher fee because of the limited supply.

khaled0111

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Bitcoin fees are high because of the low supply which is 21 million in total.
Also because of greedy miners accepting only transactions with high fees.
Fees are getting higher especially when there are many transactions waiting to be confirmed.
Devs should find a solution for this problem.

DianaZher3

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You yourself did not fully answer your question. Crypto currency is faster and cheaper even at the present moment. If we compare crypto currency and bank transfers, then the crypto currency is more than 10,000 times faster.

stiffbud

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Quote from: johna66 on January 20, 2018, 02:32:58 AM

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

First of all the crypto market is still in very young stage and not many people know about bitcoin and other cryptocurrencies so adapting to this type of market and many are skeptical about the performance of cryptocurrencies in the real world before adapting to the use of these cryptocurrencies. And now about the price per transaction than back in December when load on bitcoin network was pretty high then the transaction fees was also pretty high which shouldn't be in an ideal currency so this problem should be solved first.

3acaga

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Yes, it is quite possible that in the near future bitcoin can give up its alpha-currency position in the cryptomir, unless, of course, it improves its functions - cheaper transaction fee, faster translation and anonymity of information.

prettymargaux

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I also believe that there are other cryptocurrencies better than bitcoin, ETH, XMR, STEEM, NEM, XRB per se . Since bitcoin is the first decentralized cryptocurrency, developers have seen its flaws, that’s why they were able to create other cryptocurrencies that offer faster and cheaper transaction and more significant utility. But despite these advantageous niches these altcoins serve, we still cannot deny the fact that bitcoin continues to be the most valuable cryptocurrency, probably because of its popularity and built ecosystem.

clonely

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I do not think the comparison of bitcoin and IOTA is correct. The difference between Bitcoin and IOTA is so large that even the number of people who trust IOTA is very small.

acord00

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Ripple is the right choice for the kind of cheap and fast crypto currency. This ripple includes a great choice for those who have high transaction hours because ripple has the advantage of being able to make large amounts of transactions in a short time, just a few minutes. In addition, ripple is quite stable when it happens hardfork so ripple is a crypto currency that is quite superior in terms of speed. Ripple is also quite cheap especially supported by the size of the block is large enough.

Raidal

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If you are looking for a fast and cheap crypto currency then ethereum is one of them. It can not be denied again if many people already know that this ethereum has almost all the advantages in blockchain technology especially fast and cheap in transactions. We are also easier to ride blockchain ethereum if you want to make your own application so that ethereum is the right investment in the world of crypto currency.

boyknightvn

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We have to have more time to develop Crypto so that it can be faster and cheaper like you said.
If you use Crypto to make transaction now you can see that it's not faster and cheaper but it safe. Your transaction if you fill right address it will surely be done although the time to do it may be slowly.
We can hope and look forward to it innovation in the future

Larva14

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Quote from: ismelda_ita on May 18, 2018, 10:41:42 AM

yes, even so, people still trust and store bitcoin. although bitcoin transfer costs are higher. I do not know why but this is the reality. bitcoin remains popular although many other coins have an advantage over bitcoin.

Yes, people have big trust and believe in bitcoin and become more popular all over the world, even have high risk and transactions fees are higher than other coin they still choose to invest in bitcoin.

hv_

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Quote from: DgurJIupyf on July 28, 2018, 10:02:09 AM

Quote from: johna66 on January 20, 2018, 02:32:58 AM

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

I believe that for your requirements, only Bitcoin cache is great. First of all, this coin with a very large capitalization takes the 3rd place and meets your requirements. Processing speed and cheap price for translation.

8mb blocks is going.

https://mobile.twitter.com/howelzy/status/1019950600514043904

Sure, there needs to be more work on parallel computing and optimization- but thats worth doing to keep all txs onchain- safest way we know for about 10years now.

levvv

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Quote from: johna66 on January 20, 2018, 02:32:58 AM

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

Bitcoin fee is higher than other coin indeed, but it is because the bitcoin value itself already high.
When bitcoin still less than $1, guess how much was the transaction fee ? so this is about the value of coin itself, if the coin expensive, so the fee.

DgurJIupyf

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Quote from: johna66 on January 20, 2018, 02:32:58 AM

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

I believe that for your requirements, only Bitcoin cache is great. First of all, this coin with a very large capitalization takes the 3rd place and meets your requirements. Processing speed and cheap price for translation.

BlackRose220

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If the transaction cost is cheap it will be helpful for more earnings. I am pretty sure crypto will be fastest and cheapest.

AceDeep69

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Bitcoin not reached it's maximum yet.It got higher price.Became the most expensive of them all. because it is the first Crypto currency.

CrossSignal74

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Crypto may not be cheaper but it faster than others. Its a business of rich people. Not everyone can't do business in Crypto market.

genuin

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Quote from: johna66 on January 20, 2018, 02:32:58 AM

Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.

reasonable bitcoin has a very high fee because bitcoin is a pioneer coin in the world of cryptocurreny. To minimize the huge fee of bitcoin, an alternative coin (altcoin) is created. If you make a small transaction then I suggest you use altcoin to minimize the large fee of bitcoin. But if you do a large amount of transactions then I suggest you keep using bitcoin

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