These Cryptocurrencies Can Replace Bitcoin In Future
These CryptoCurrencies Can Replace Bitcoin in Future Cryptocurrency is in the middle of the war where some are in favor while some are proving their statements that this is just a bubble and nothing else. Bitcoin is not the only currency on which people are depending but there are hundreds of others which can make their place in the market in future. If you are thinking to shift your interest towards the other cryptocurrencies then here are the top 4 alternative coins which may have your attention and can give you great profits in return for investments. Lets have a look. Litecoin was created by Ex-engineer of Google, Charlie Lee. You can say its a little younger than bitcoin but competitive. Right now the market cap of litecoin is around $10 Billion. While bitcoin takes 10 minutes for each new block but Litecoin takes about 2.5 minutes for each new block. It has lower cost and faster transaction which can make it a next bitcoin in few years. Well the idea of name IOTA is quite interesting which stands for Internet of Things Application. IOTA is having an attention to market as well due to the progressive performance and other facilities. This cryptocurrency is basically for the lowest cost transactions and for the faster payment processing. If you want to do transactions through IOTA then you have to verify last two transactions and your next transaction will be free. This is a branch of original bitcoin came into the market in August 2017. The current market cap of bitcoin cash is $28 Billion. The original bitcoin is limited to the 1MB block but this bitcoin cash was created to aim for the major blocks. It has the ability to process bitcoin payment at the timings of 7 seconds. The goal of bitcoin cash is to be efficient and helpful as much as real currency in the rea Continue reading >>
Can Cardano Replace Bitcoin And Ethereum?
Can Cardano Replace Bitcoin and Ethereum? The market's fifth-largest cryptocurrency is built on a third-generation blockchain. The cryptocurrencies bitcoin, ether,and Ripple have attracted the most interest from investors during the crypto frenzy of the last year . That's not too surprising, considering they're the three most valuable tokens by market cap and the only three worth more than $30 billion at the moment. But as the precipitous price declines of January demonstrated, things can change pretty quickly. At the moment, the volatility is due to an overheated market and a fair share of investors who don't know exactly what they're getting into. But in the future, there will be volatility as newer, faster, and better blockchains emerge to replace older, slower, and less optimized ones. While bitcoin and Ethereum (the blockchain that supports ether transactions) are king today, a third-generation blockchain called Cardano aimsto become the ideal version of the technology. Can it replace its predecessors? Cardano is a fully open source, decentralized, and public blockchain and cryptocurrency (just like bitcoin, the blockchain and token share the same name). It spawned from a project between three entities: the non-profit Cardano Foundation, engineering firm Input Output Hong Kong (IOHK), and the Japanese company Emurgo, which works with businesses interested in adopting and integrated the Cardano blockchain. The network is still in its infancy and has yet to publicly release all of the necessary updates, but Cardano has one thing going for it: It's the first peer-reviewed blockchain. It was built from the ground upwith the intention of overcoming the limitations -- regulatory, privacy, and scaling -- of existing blockchain technologies. Here's another way to look at Continue reading >>
Bitcoin Wont Be Replaced By A Newer Cryptocurrency
Bitcoin is radically changing global finance. Are you on board yet? Contact me on earn.com/chl0r0phil BTC: 36kCKqDHzkkRc9Sy5miH9UTXyXTxHu41JY Bitcoin wont be replaced by a newer Cryptocurrency Everyone has heard the story how VHS was replaced by Bitcoin, but will Bitcoin be replaced by an HD competitor? A common fear I hear from people hesitating to get into Bitcoin is that it will become the Yahoo of cryptocurrencies before the Google of cryptocurrencies is created. Those waiting to see how things play out fear that although Bitcoin is the first cryptocurrency, it does not mean that it will be the ultimate winner when confronted with newer technology. This post is my attempt to alleviate some of those concerns. Bitcoin is not the Yahoo before a Google of Cryptocurrency. If we must make an analogy to compare digital assets, it is more accurate to say that Bitcoin is like gold, and altcoins are like platinum, oil, or silver. They are digital assets, not companies, and they are each valuable for different reasons (most of the altcoins are valuable for speculative reasons alone). Bitcoin may not remain the most valuable cryptocurrency, but I cant see a path where Bitcoin is abandoned entirely. Here are some key reasons I believe Bitcoin will always remain one of the most valuable cryptocurrencies. Bitcoin solved the problem of trust-less digital scarcity on the internet. It will always be the original digital asset. There is no getting around this fact, and this fact alone makes it valuable. Bitcoin as an idea is powerful, clear, and pure. Bitcoins end-game is becoming the worlds currency of the people; a currency that is not under the influence or control of any one country or individual and is open to everyone. To protect the idea of a leaderless global currency, the an Continue reading >>
Could Cryptocurrencies Replace Cash?
Hydropower: The Key to Bitcoin Mining in the Future? At the beginning of the cryptocurrency boom, Bitcoin seemed to be the unquestioned leader. Up until early this year, Bitcoin accounted for the vast majority of the industrys market capitalization; then, in a span of just weeks, Ethereum, Ripple, and other currencies rushed to catch up . While Bitcoin is still in the lead, the rapid turnover in the industry has some analysts predicting that even bigger changes could be ahead. Among them? The idea that cryptocurrencies could come to replace cash entirely. A report by Futurism highlights some of the possible outcomes, should cryptocurrencies surpass fiat currencies at some point in the future. One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status. Beyond that, cryptocurrencies could better support the concept of a universal basic income than fiat currencies would. As a matter of fact, some programs have already experimented with the use of cryptocurrencies as means of distributing a universal basic income. Further, cryptocurrencies could help to get rid of intermediaries in everyday transactions. This could cut costs for businesses and help out consumers. Possible Concerns if Cryptocurrencies Replace Cash Of course, there are also some huge challenges and concerns with this scenario. If cryptocurrencies outpace cash in terms of usage, traditional currencies will lose value without any means of recourse. Should cryptocurrencies take over entirely, new infrastructure would have to be developed in order to allow the world to adapt. There would inevitably be difficulties with the transition, as cash could become incompatible quite quickly, leaving some people wit Continue reading >>
Will Bitcoin Replace Cash?
Cash remains a huge part of the global economy, especially when you consider black market or grey market transactions. But does the rise in digital transactions, and the emergence of digital currencies signal its demise? Blockchain could be the next evolutionary paradigm of the world banking system. As Bitcoin breaks through the $10,000 price mark, will the cryptocurrency eventually replace cash? With the rise in digital transactions see the 7.7bn bid by Vantiv for card-processing leader Worldpay and the emergence of digital currencies like Bitcoin, many have rushed to declare these the last days for cash. Nonetheless, cash remains a huge part of the global economy, especially when you consider black market or grey market transactions. Governments, too, have good reasons for sticking with a cash-based, physical currency, says economics professor Mike Moffat : As long as governments continue to collect tax, they will have the authority to dictate the currency in which those taxes may be paid. Fiat currencies are a form of promissory note they are assigned value because we assign value to them. Before the era of electronic trading and banking, a gold standard was used to back currencies. Similarly, banks would hold large reserves of cash, its value based on the gold standard, in their reserves. In the modern system, much of this representation is measured in purely digital terms. Modern value is assigned using zeroes and ones. The prospect of a cashless society is more possible than it has ever been. In the United States, writes David G.W. Birch of Consult Hyperion , studies indicate that maintaining a cash system including printing new bills, recycling old ones, moving them about in armored trucks, using them to replenish automatic cash machines costs the country about Continue reading >>
Here's What Bitcoin's Smartest Skeptics Are Telling Investors
Here's What Bitcoin's Smartest Skeptics are Telling Investors Bitcoin continues one of the most dramatic price runups of any asset in living memory, posting prices above $11,800 this morning after starting the year below $1,000 per digital token. In its early years, skeptics with little knowledge of blockchain technology were quick to dismiss Bitcoin as a fleeting trend. But as knowledge spreads and prices chase new highs, the skeptics have become more nuanced and even if you love Bitcoin, theyre often worth listening to. Here are a few of the most notable bear sentiments being aired as Bitcoins rip-roaring rampage continues. At last weeks Consensus: Invest conference in Manhattan, some of the greatest minds in asset management came together to talk cryptocurrency. On a Bulls and Bears panel, Raoul Pal of the Real Vision financial news network repeated a favorite saw of todays more informed bears that while blockchain database security is a revolutionary technology, those blockchains will ultimately be privately managed by enterprises. That would eventually drive the value of public blockchains like Bitcoin to zero. But the idea of a private blockchain at least partly misunderstands the core security premise of the technology. Cryptocurrency payouts attract a decentralized swarm of hosts who ensure the honesty of a shared ledger, without necessarily having a stake in its contents. Andreas Antonopoulos, long one of the smartest commentators in the space, has dismissed private blockchains as a fundamentally inefficient replacement for an old-fashioned database. Once real-world blockchain applications are up and running, most will likely be hosted on one of the trusted public blockchains, such as Bitcoin or Ethereum. Not exactly a bear, Mike Novogratz has said that crypto Continue reading >>
Which Crypto Will Replace Bitcoin In Small Payments ? Eth, Ripple ?
Which Crypto Will Replace Bitcoin In Small Payments ? ETH, Ripple ? As we all know Bitcoin have very high price, therefore in small payments Bitcoin will be replaced with some crypto, but which one ? If we look in all cryptos - , it is very hard to say, which crypto will be most popular in next three to five years. May be ETH or Ripple ? Quote from: Red Fish on December 22, 2017, 11:13:51 AM As we all know Bitcoin have very high price, therefore in small payments Bitcoin will be replaced with some crypto, but which one ? If we look in all cryptos - , it is very hard to say, which crypto will be most popular in next three to five years. May be ETH or Ripple ? LTC is a good candidate the coin is matured,XRP is to be considered too.Theres a lot of good coins out there all you need to do is to sort which is which . ETH - After Caspar and Plasma will have much quicker and, crucially, cheaper transactions. So for me this. People are so used to not having to work in decimal places with FIAT currency that I think this is a crucial thing - people don't like having to think about or work out to many decimal places. So maybe a coin will come along where you can only deal in say 1 decimal place - or ideally no decimal places.. Is there anything out there like that at the moment - or anything coming up in the near future? EARN CARDS WITH PROOF OF STAKE: CHOOSE NOVA TOKEN! NOVATOKEN (NVT) | DECENTRALIZED TRADING CARD GAME PLATFORM (Quote from: Red Fish on December 22, 2017, 11:13:51 AM As we all know Bitcoin have very high price, therefore in small payments Bitcoin will be replaced with some crypto, but which one ? If we look in all cryptos - , it is very hard to say, which crypto will be most popular in next three to five years. May be ETH or Ripple ? I think the options you gave c Continue reading >>
James Altucher's Bitcoin Predictions
The bitcoin and cryptocurrency trend is not going to stop: Formula Capital's James Altucher Bitcoin's giant move upward is far from done, according to tech investor and stock picker James Altucher . According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are going to replace paper money as a transactional currency. Each type of currency solved problems of the prior generation of currency, he said in an interview with CNBC. Bitcoin solves the problem of infinite money printing, forgery, double-spending and anonymity, he said. Altucher owns bitcoin, ethereum, litecoin, zcash and filecoin. Pointing to a demand-supply imbalance, Altucher predicts that bitcoin will top $1,000,000 per coin. "There's $200 billion in cryptocurrencies out there and over $200 trillion in demand for money that's the amount of paper currency and gold bullion in the world," he said. Altucher, founder and publisher of Choose Yourself Financial , a subscription-based financial publication cautions that 98 percent of cryptocurrencies are scams. But bitcoin and a few other cryptocurrencies are here to stay, he believes. "This is the greatest tectonic shift in money and wealth that we will see in our lifetimes," he said. Here are his 10 predictions for cryptocurrencies: At least one country's currency is likely to fail soon likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens. Mainstream banks will accept bitcoin, and will start offering storage and software access. They will also create cryptocurrency derivatives Continue reading >>
7 Altcoins That Can Replace Bitcoin As Mainstream Cryptocurrency
7 Altcoins That Can Replace Bitcoin as Mainstream Cryptocurrency The heart of Bitcoin is theblockchainconcept.Blockchainsmake certain that the difficult work of security is carried out by every user of the system, therefore rendering it incredibly difficult formalefactorsto commit fraud and theft. The many altcoins andcryptocurrenciesthat have grown up in the wake of Bitcoin all use theblockchainconcept in some variation, although they generally have their own takes on it that are completely separate from BTC. Therefore theblockchainconcept at the heart of Bitcoin has been shown to be quite sound. It is difficult to imagine the circumstances that could destroy the value of Bitcoin, with its massive head start in name recognition and market capitalization, yet leave the remainder of the al coins functioning. It stands to reason that Bitcoin will be the gold standard ofcryptocurrencyfor the foreseeable future. However, it is possible that Bitcoin will be found,for some reason as yet unknown, to be insufficient for the uses of the future. The three major issues with Bitcoin that are currently known to us are the low number of transactions possible per minute, the high amount of electrical energy needed for mining, and the possibility that some entity may find a previously unsuspected exploit and game the system. If Bitcoin is to step aside for anyone, here are the cryptocurrenciesmost likely to supplant it. 7 Altcoins That Can Replace Bitcoin as Mainstream Cryptocurrency Ripple has been substantially funded by large banks and people with close connections to regulatory entities, which means that it is both more stable and less transparent. Unlike Bitcoin, which maintains security by including a record of every transaction in every existing copy of theblockchain, Ripple ma Continue reading >>
3 Cryptocurrency That Can Replace Bitcoin
And if the Bitcoin Die? What To Do? So we must go back to the currency ? It's all over ? These questions are not as difficult to answer , see now 3 altcoins able to get the job and replace the bitcoin . An ambitious project that aims to make the decred is the first hybrid cryptocurrency ( A currency based on bitcoin with a blockchain like ethereum ), with hybrid governance PoS and PoW. One of the most amazing coins to be developed, featuring a crazy developer John Connor (JC), It has features that no other cryptocurrency has. Zerotime = instant Transactions lasting less than one second and the small fee. Chainblender : fast anonymous transactions , decentralized and without the possibility of bloat blockchain. Zeroledger : ChainSync and Confirmations (one year blockchain synchronization in just 30 seconds). If even NASA is concerned with quantum computing because cryptocurrency should not ? It was with this thought that the Nexus has been developed so that no government destroy it , seems to have a promising future. FUTURE The future is uncertain , but at present the bitcoin still remains the greatest living cryptocurrency, we hope it stays that way for a long time but do not forget to book a room for the promising altcoins that arise. Downvoting a post can decrease pending rewards and make it less visible. Common reasons: Continue reading >>
What's The Next Bitcoin? 5 Cryptocurrencies Which Could Unseat The King
With the bitcoin price flirting around the astonishing $10,000 USD milestone, its starting to look like nothing can stop BTC. Now all of us in the crypto space are starting to wonder: has critical mass finally been reached for mainstream adoption? Is there no turning back now? Yet even with Bitcoins unprecedented dominance, we must always bear in mind that the future is inscrutable. And with the incredible power struggles, and even power shifts, that have been occurring in the cryptocurrency space as of late, its clear that the path forward is still very much unsettled. As it stands right now, of course, theres certainly no reason for fear, uncertainty, or despair. Just look at the bitcoin price now to know that the Bitcoin community, in a certain sense, is stronger than its ever been before. But for the sake of speculative discussion, what if Bitcoin does eventually lose its number #1 position? During a recent interview with the press, Swedish Pirate Party founder Rick Falkvinge suggested that this hypothetical dynamic could materialize over the long-term. Its important to remember that Bitcoin may not be the final cryptocurrency. Cryptocurrency will displace the central bank money. But, with social networks we had SixDegrees, which was replaced by Friendster, which was replaced by Myspace, which was replaced by Facebook. Falkvinge added, So some cryptocurrency is going to be worth a lot of money. Which one, well, thats a gamble. Definitely; trying to surmise which crypto could eventually beat Bitcoin is absolutely a gamble right now. None of us have foresight. What we do have, though, is a few promising crypto projects that could presumably fill in Bitcoins shoes if BTC ever really were to take a seriously shocking tumble or otherwise be supplanted. Today well be wal Continue reading >>
6 Cryptocurrencies You Should Know About (and None Of Them Are Bitcoin)
6 Cryptocurrencies You Should Know About (and None of Them Are Bitcoin) How digital, international currency makes business easier than ever. In the 21st century, money is no longer limited to bills, coins and credit cards. In fact, some money is truly international -- not owned by any particular government -- and regulated by the people instead of a central entity. It also exists wholly on the internet. This type of money is called cryptocurrency. You may have heard of or even used Bitcoin when it first became popular several years ago, but where Bitcoin used to rule , other cryptocurrencies are now being used to pay back family members for lunch, charge customers for products and services and make other everyday transactions. As an entrepreneur, its important to keep an eye on the most commonly-used cryptocurrencies. Here are six I think you should know about. Rather than competing with Bitcoin like many other cryptocurrencies, Ethereum complements it; while the Bitcoin blockchain network tracks ownership of its own currency, the Ethereum blockchain runs programming codes for its users applications. People use Ethereum to create custom (but trustworthy) crowdfunding platforms, autonomous online organizations and even their own cryptocurrencies. Because these applications are decentralized, they can only be built in the Ethereum network. Though Ether, the network's money,wasnt made to be used for everyday payments, anything of value can be traded for products and services; as a result, many developers use it to pay for each others help in building applications. However, most online stores that accept cryptocurrency do not take Ether. If Bitcoin were gold, Litecoin would be silver. Litecoin works just like its more popular counterpart, but its worth a little less -- the Continue reading >>
What Will Replace Bitcoin?
Devin is kind of right and kind of wrong here in my opinion. Let me explain: his answer correctly points out that there are currencies that have superior technical features to BTC. He also points out correctly that BTC has received a first mover advantage that is self-fulfilling a la google searches. Heres where I disagree with the enthusiastic blogger: Bitcoin, specifically BTC, may eventually replace bitcoin as it figures out how to leverage its current market position and name brand power to become the de facto crypto currency for generations. But we dont know if this digital currency is yet like Kodak, which achieved dominance for a century in their marketplace until they grew complacent and failed to transition to digital, or if BTC is more like Atari or EBay- a decade or so of dominance then a trail off as usurpers Nintendo and Amazon iterated ahead of them. No corporate token will replace bitcoin. Google may have a valiant attempt but as far as utility one of the freeing thing about cryptos (and thus their appeal) is the lack of middlemen control typically forced in fiat banking. I suspect while tokens may make a lot of sense for companies like Marriott, Amazon, maybe even an Uber or DiDi, having those companies create a dominant digital currency to replace BTC will be almost as poorly received as having a digital currency created by Goldman Sachs. If anything will replace bitcoin, I suspect it will be one of two things: one of the current underdogs with the better code will find a way to market and brand themselves. for example, all the major shipping companies adopt Ethereum as the de facto currency for the smart contracts or litecoin shows us it can operate on a utility scale that bitcoin can not or China does a runner and suddenly NEO is the go-to currency o Continue reading >>
Is Ethereum More Important Than Bitcoin?
By Adam Hayes, CFA | Updated June 13, 2017 1:57 PM EDT Blockchain technology, the distributed ledger system that underpins the digital currency Bitcoin, is getting a lot of attention from Wall Street lately. With uses ranging from cross-border payments to settlements and clearing of over-the-counter derivatives to streamlining backoffice processes, the potential for disruption in the financial industry and elsewhere is growing more real each day. While bitcoinis the most widely used and well known use case of blockchain, Ethereum may be thekiller app that allows for this disruption to finally take place. The tokennative to the Ethereum blockchain , Ether (ETH), has recently risen to over $10 per ETH, and the market capitalization of all ether is nearly $800 million, making it the second most valuable blockchain behind bitcoin (which represents approximately $6.5 billion of value).What is Ethereum and why is it interesting? Ethereum was developed to augment and improve on bitcoin, expanding its capabilities. Importantly, it was developed to feature prominently smart contracts:decentralized, self-executing agreements coded into the blockchain itself. Ethereum was first proposed by Vitalik Buterin in 2013 and went live with its first beta version in 2015. Its blockchain is built with aturing-complete scripting language that can simultaneously run such smart contracts across all nodes and achieve verifiable consensus without the need for a trusted third party such as a court, judge or legal system.According to its website ,Ethereumcan be used to codify, decentralize, secure and trade just about anything. In late 2014, Ethereum raised over $18 million in bitcoinby way of a crowdsaleto fund its development. The Ethereum Virtual Machine (EVM) is capable of running smart contr Continue reading >>
What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions
What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions Opinions expressed by Forbes Contributors are their own. Of all the problems that keep Bitcoin and other cryptocurrencies from replacing the dollar in everyday transactions, one stands out: volatilityvalue fluctuation in relation to the dollar. Thats according to a recent survey conducted by Survata,an independent research firm in San Francisco, which found that 60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions. Survata interviewed 402 online respondents between January 18, 2018, and January 23, 2018. Respondents were reached across the Survata publisher network, where they took a survey to unlock premium content, like articles and ebooks. Respondents received no cash compensation for their participation. 402 respondents is a tiny sample, and therefore the survey findings should be interpreted with extreme caution. 7-Day Price Change For Major Cryptocurrencies Still, the survey results arent surprising to Craig Cole, CEO and Founder of CryptoMaps. Whenever you transfer bitcoin using blockchain, it can take hours. Because of the high volatility of the currency, the value can change dramatically during that time. So for many virtual currency owners, they see this and think it doesn't make sense to use bitcoin to purchase anything. What could change the situation? Two things. One is speeding up the time it takes to execute cryptocurrency transactions, something cryptocurrency exchanges are working on. The focus has been on changing this issue, says Cole. Projects such as OmiseGO, DASH, Stellar, BitcoinCash and Litecoin have radically improved transaction speeds. This has eliminated some of the angst that Continue reading >>