Jump to content

Which coin is better than Bitcoin?

Kariuki

By Kariuki
in General

Featured Comment

Gonger Community Regular

Gonger

Posted
Posted

Asking this question is risky in the cryptospace, lot of misinformation but more importantly a lot of people have financial bias to shill the coins making up their investments.

In terms of use, ltc as an analogy is basically silver, to bitcoin being gold.

I personally think Monero (XMR) is more successful in achieving what BTC original use was. A decentralized, permissionless digital P2P transfer system allowing for anonymity. 

XMR one ups that by allowing full blown privacy over simple anonymity. BTC mining has become *more centralized, therefore putting the power of the network in the hands of less. Still much better than any centralized system, but still a major push away from when any individual could mine blocks on simple hardware. XMR can only be mined on CPUs, while making it more difficult to be profitable, it maintains the level playing field of average users all supporting the network as opposed to large companies running mining farms. 

 

That said, if you want to know what crypto is *best*, the answer depends on what your needs are. Crypto has become so big and vast theres many blockchains that can be used successfully for many uses. 

I will say, Cardano seems very promising in offering a multi layer scalable network capable of offering variety of uses. Its already come pretty far and there are many updates still in the future

Wandachek Newbie

Wandachek

Posted
Posted

I heard from my traders' friends that one guy waited for his transaction for two weeks. It was at the end of 2017. Today the bitcoin transactions take five minutes to an hour/four hours( it depends on the amount and miners fee). If you want the minimum cost for the transaction, longer you will wait until your transaction proceeds. Also, at services like https://mycryptomixer.com/, the fee amount depends on the number of BTC you are transferring and don't evaluate the transaction time.

  • 1 month later...
HenryG Newbie

HenryG

Posted
Posted

If you are a newbie to crypto, I suggest that you invest in multiple crypto coins can even help maximize your investments as diversifying protects you from losing all your hard-earned money.  Also consider this platform https://bring.finance/ to gain more coins. A pretty intuitive one

  • 3 weeks later...
Muddywells55 Enthusiast

Muddywells55

Posted
Posted
On 3/1/2020 at 2:41 PM, Kariuki said:

Yes there are a lot of good things that happen with bitcoin, but I want  you to look at this case, the reason why Bitcoin was actually made, was because there were tool many reason to run away . there is a lot of good that works well for us when it comes to making some good transfers with bitcoin, but look at it this way what came back as far much better than bitcoin, with transfer fees and so the time taken to make the transaction and how fast and accessible the coin is, also how  stable in price the coin, is, to me I take in ripple, XRP has a lot of potential and so many people might not agree with me because they think its been hyped but its my option to take over from bitcoin , what do you think?

Something to think about for sure.

Archived

This topic is now archived and is closed to further replies.

Go to topic listing
×
×
  • Create New...

Important Information

Privacy Policy Terms of Use

  I accept