A number of cryptos look set to dethrone Bitcoin in 2018, and this is as a result of the sterling features they present. The likes of NEM started off the year with promise, however, the poor security infrastructure undergirding it has doused its surge.
Here are other cryptos with a promising outlook for Bitcoin crown in 2018:
Litecoin uses a similar algorithm to Bitcoin but its runs on its distinct Blockchain which runs 4x the speed of the Bitcoin in generating blocks. Litecoin has a total supply of 84 million tokens and it offers a chance to merchants and payment processors to enjoy faster processing times by integrating the Litecoin protocol.
While it takes ten minutes for transactions to go through on Bitcoin, Litecoin gets it done in less than three minutes. The speed of processing concerns gave rise to Litecoin, and except Bitcoin is dramatically upgraded, you can be assured that Litecoin stands in a vantage position to cut into Bitcoin market share.
Litecoin is traded globally across the major exchanges you can find.
Over the course of the last 90 days, Bitcoin Cash has leapfrogged into the top four brackets of leading cryptocurrencies in terms of market capitalization. It uses the Bitcoin Blockchain module enhanced with optimized transaction times and lower cost. Bitcoin Cash already enjoys convertibility on all major exchanges.
Bitcoin Cash has attracted merchants interested in Blockchain processing as a result of its low-cost implication. Flexibility and security are also unique selling points for Bitcoin Cash. Judging from analysts’ review, Bitcoin Cash has reduced Bitcoin market share considerably over the last three months.
As active research is ongoing to make the Bitcoin Cash platform better and faster, you can be sure Bitcoin surely needs a reinvention not to lose out completely. Maximum supply of tokens for Bitcoin Cash is 21million with a circulating supply of 16,994,000. The low token volume might mean that Bitcoin Cash will be used restrictively but surely.
NEO adopted the proof of stake model as opposed to the proof of work used in the Bitcoin Blockchain for block addition. The NEO platform is optimized for quantum computing as it puts to effect the Dbft or Delegated Byzantine Fault Tolerance.
NEO has a circulating supply of 50 million tokens at present, and while its total output might place it in less favorable position to dethrone Bitcoin, it has potentials for specific applications. A number of ICOs in the market are already accepting NEO for payments in view of its robust outlook.
NEO enjoys the confidence of exchanges, merchants, and trades across the globe, and its convertibility is assured.
Waves Blockchain operates using a Leased proof of stake approach for operational purposes. The design of the platform took into consideration the needs of large-scale business and corporations. Waves was innovated to plug the loopholes that man saw in the Bitcoin Blockchain.
End users and other parties are free to make use of the Blockchain by leasing access from existing token holders. Waves is optimized for security and flexibility to guarantee a satisfying user experience.
There are 100,000,000 wave tokens in circulation and this makes it possible for a wider spread and reaches across the globe. It enables processing of microtransactions without delays as seen with Bitcoin and Ethereum Blockchains.
Ripple became the biggest revelation of the crypto revolution in the course of the last three months. It has cemented its place in the top three cryptos by market capitalization and is lurking around the corner to dethrone Bitcoin.
Ripple has the advantage of a second time limit for transaction processing, which puts it in good stead for adoption by corporations and banking institutions. Its edge is seen in its cost-cutting advantage that saves banks $3 per transaction on each money transfer completed.
In terms of flexibility, it is easily exchanged for major currencies across the globe and enables an account holder to send money to recipients anywhere without heart-aching over foreign exchange conversion.
The RippleNet Blockchain is not open for mining, and it is of interest to multinationals and corporations with a global spread. Ripple tokens are in supply to the tune of 99,992,725,510 out of a total possible limit of 100,000,000,000 XRP. It looks better poised to dethrone Bitcoin for transactional purposes.