The number one contender for the Bitcoin throne: RaiBlocks
Bitcoin started it all but it's failing on the grandest of scales on the largest of stages. Much appreciation for starting the revolution but the tech is simply outdated. Bitcoin is dial up internet, offshoot coins like Bitcoin Cash and Litecoin are dial up internet with powerful modems. Raiblocks is the coaxial cable.
Couple of simple points:
- You can make 1.35 million Raiblocks transactions with the electricity needed for 1 Bitcoin transaction. The energy efficiency of this coin is staggering. Not to mention individual nodes are responsible for upholding the network, not miners. If anyone from a company that gives a damn about the environment wants to pair with a crypto, Raiblocks makes the most sense.
- Speed. The fastest coin (not just in terms of speed) but in consistent speed as the network grows. This is due to the block lattice structure and individual block chains. Plus transactions are pushed through instantly and don't get stuck in a mempool.
- Feeless transactions and micro transactions. There are zero fees whatsoever. Also, no more minimum traneactions where you get little bits of Bitcoin stuck here and there that you can never get out.
- Many of the Bitcoin alternative coins will ultimately wind up with the same problems. The ugly truth is these low fee coins turn into high fee coins as they scale to Bitcoin levels, even Ripple, while Raiblocks remains instant. And why pay a fee when you don't have to.
- Bitcoin is on the decline. It's market dominance is declining each week. Bitcoin holders will tell you to Hodl but why? Do your research. Look at the complications that is lightning network and tell me why anyone would go through so much trouble to do all of that to only improve speed and fees marginally.
Right now, a coin like Raiblocks is immediately primed to take over the crown. However, i dont see this happening for at least a few more years, as adoption of crypto continues and the scalability issues of Bitcoin and similar coins worsen.
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Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
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