Topic: Will Bitcoin's Lightning Network destroys alt coins(currencies)? - page 3. (Read 428 times)
August 16, 2018, 02:53:46 PM
I think it will boost bitcoin both as an asset and mode of payment when lightening network is implemented, regarding the value of others i think we should not worry about them all the market will benefit from the success of bitcoin so lets hope for the best.
August 16, 2018, 02:50:42 PM
most likely they will continue to exist but will lose popularity, because of the greater investor confidence in bitcoin.
August 16, 2018, 02:48:38 PM
It is a possibility.
What use are fast Altcoins when the largest Cryptocurrency provides faster and possibly a better decentralized solution without breaking down or something.
Their chances of surviving depend on their ability to adopt very important and viable features that Bitcoin doesn't have yet
What use are fast Altcoins when the largest Cryptocurrency provides faster and possibly a better decentralized solution without breaking down or something.
Their chances of surviving depend on their ability to adopt very important and viable features that Bitcoin doesn't have yet
August 16, 2018, 09:24:03 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
I do not think that the lightning network will change anything about the existence of altcoins. They will continue to exist and they will continue to try to solve the scalability problem in other ways. As long as there will be Bitcoin, there will be altcoins too.
August 16, 2018, 09:15:32 AM
No, both are different from each other. There is no questtion about one cryptocurrency destroying another. Alt coin is the best option for small investor and the number of bitcoin is limited. So, there is nothing to worry about altcoins.
August 16, 2018, 08:18:58 AM
Bitcoin lightning network will definitely boost the scalability of bitcoin as its transaction verification time will surely be shorten. But, not to the point of destroying other coins. Bitcoin and other coins are built with different functions in cryptocurrency. Also to take note that other crypto-technologies are working on the improvements.
August 16, 2018, 08:03:22 AM
This lightning network will help BTC to keep the place of dominating over the altcoins. But I think people will still be using altcoin because of the services they offer and of their low price compared to BTC.
August 15, 2018, 11:55:23 PM
If lightning network is implemented in Bitcoin will it destroys these competitors?
Not at all dude, maybe other cryptocurrency will implement too that lightning network technology. August 15, 2018, 11:46:35 PM
Not really. Definitely not all altcoins will be affected by it, maybe the ones that are not doing that well in the market.
August 13, 2018, 07:42:33 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
Of course, no. BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
August 13, 2018, 07:38:26 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
maybe not only altcoin will die if lightning network fullly implemented bitcoin network.even visa or other convesional payment systme become useless. BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
August 13, 2018, 07:35:43 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
If just one new feature of Bitcoin, like Lightning network, would make certain altcoins disappear, then those altcoins were nothing but useless clones of Bitcoin. However, some of those "devs", unless they bought pre-fabricated clones, may also add LN capabilities.
But in most cases LN deployment in Bitcoin network will have no effect on the altcoins. Just think: would Bitcoin LN make Monero less anonymous, or would make smart contracts in Ethereum, Waves, and so on networks work less good? Or would make HDD mining / storage less effective? No.
So, shortly, the real altcoins don't care what happens on Bitcoin network; the only one that could be affected would be the worse clone shitcoins.
August 13, 2018, 07:25:06 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
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