Even though the altcoins are going through a tough time in the market, but that does not make them useless. Altcoins are somewhat better and faster, when BTC is tough to get our hands on.
Topic: Why consider Altcoins? - page 3. (Read 498 times)
ALTCOIN stands for ALTernative-to-bitCOIN which try to give another option it has to offer where the Bitcoin can't like faster transaction speed, lower transaction cost, cheaper value, flexible circulating supply, more secure, more private but none of them has able to surpass bitcoin because BITCOIN was already established as a household name.
Altcoins are here for an alternative to BTC. Although nothing can beat BTC, but sometimes they are tough to attain given the demand it holds in the market. Also, they are quicker with less transfer fees than BTC.
Altcoins are faster to transact and the work is done quicker in the exchanges too. On the plus side, they do bring in more returns of investment quicker than BTC. Plus there are a lot of altcoins which serves a good alternative to BTC if they are hard to attain.
Altcoins are also important, they are the remaining captivators of the market dominance after the big slice attributed to Bitcoin so we should look at altcoins because they too are important.
Altcoins are the alternative to Bitcoin. They were made with the aim to surpass bitcoin. But, unfortunately no all coin could ever surpass Bitcoin. Bitcoin was the first discovered cryptocurrency and it still holds almost half of the total market capitalisation. There can never be an alternative that matches the level of Bitcoin.
If we think about altcoins then it is faster and we can get fast exchange facilities based on some altcoins gives fast returns on investment is than Bitcoin which is also good also some altcoins are very much effective in the market and have good response.
There's a fierce competition among cryptocurrencies but the main headline will always sport altcoins pitted against bitcoin.
When sense of popularity dictates that people invest in bitcoin, why do we really have to consider altcoins? How far have altcoins really outsmart bitcoin in brains and brawn in the recent years? Let's take a quick look (and for the reason of not wanting to promote a specific altcoin as the best, allow me to mention only their capabilities and not the altcoin itself).
There is this altcoin out there that took the carbon footprint of bitcoin out by periodically releasing coins instead of mining them (which was a happy news to the eco conservatives).
Then there is also an altcoin that could create a block way faster than bitcoin. When bitcoin confirmation takes an hour on an average, this altcoin can confirm your transaction in minutes. And to outweigh that speed, another altcoin promised instant transactions with payment confirmation in less than a second.
We also have altcoins that guarantees complete privacy hiding all substantial private data safely (best for those who want to keep their anonymity in place), and an altcoin even promised ring signatures, a unique technique to keep transactions untraceable.
And just as with bitcoin, there exist altcoins that allows global payment with no need for any central authority.
Altcoins, in one way or another, did outsmart bitcoin. Offering new or better features that may or may not be an integral part of bitcoin in the future.
But perhaps, we will only see an altcoin surpassing bitcoin should we find all of the abovementioned features rolled into one single altcoin. And such thought is really exciting in every aspect.
When sense of popularity dictates that people invest in bitcoin, why do we really have to consider altcoins? How far have altcoins really outsmart bitcoin in brains and brawn in the recent years? Let's take a quick look (and for the reason of not wanting to promote a specific altcoin as the best, allow me to mention only their capabilities and not the altcoin itself).
There is this altcoin out there that took the carbon footprint of bitcoin out by periodically releasing coins instead of mining them (which was a happy news to the eco conservatives).
Then there is also an altcoin that could create a block way faster than bitcoin. When bitcoin confirmation takes an hour on an average, this altcoin can confirm your transaction in minutes. And to outweigh that speed, another altcoin promised instant transactions with payment confirmation in less than a second.
We also have altcoins that guarantees complete privacy hiding all substantial private data safely (best for those who want to keep their anonymity in place), and an altcoin even promised ring signatures, a unique technique to keep transactions untraceable.
And just as with bitcoin, there exist altcoins that allows global payment with no need for any central authority.
Altcoins, in one way or another, did outsmart bitcoin. Offering new or better features that may or may not be an integral part of bitcoin in the future.
But perhaps, we will only see an altcoin surpassing bitcoin should we find all of the abovementioned features rolled into one single altcoin. And such thought is really exciting in every aspect.
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