@r2000 15 October 2020

7 Altcoins that may replace Bitcoin |2020|

Hey read.cashers today I am writing about some altcoins which have high potential to replace bitcoin from mainstream cryptocurrency. Here are three reason why bitcoin could be replaced: ***Three major problems with bitcoin*** The low numbers of transaction possible per minutes The high amount of electrical energy need for mining The possibility that some entity may find previously unsuspected exploit and game the system *Here is the list of altcoins which high potential:* Ripple –The Bankers 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, ripple maintains a centralized ledger like system that allows for much greater costumer privacy. This simultaneously makes the coin more vulnerable to misuse and more valuable to large economic entities. **Pros- Faster, cheaper transactions** **Cons- Controlled by a private entity which in turn can also be controlled.** Ethereum-Blockchain 2.0

The ethereum development team is adamant that they are not a cryptocurrency , and that the ETH is only a byproduct of their project, but they are certainly similar enough to all the other cryptocurrencies for the purposes of investment and financial activity. The developers in ethereum are closely connected to financial and government entities in Russia, and that country’s burgeoning interest in crypto has been reflected in its market capitalization, **Pros - Committed developer team, decentralized, flexible smart contract platform.** **Cons – Slows down under high volumes.** BitcoinCash – A fork in the Bitcoin road

Bitcoin scalability was one of the driving forces behind the move, among other factors at play. The most significant difference between Bitcoin and BitcoinCash is the size of the block When looking at the bitcoin Blockchain, each of the blocks has a maximum capacity of 1MB. BitcoinCash has maximum size of 8 MB **Pros – Faster and Cheaper** **Cons -  Lack of adoption as payment method** IOTA – Blockchain 3.0

What sets it apart from other coins is its use of something called the tangle, a Blockchain derivative that attempts to improve security and transactions speed by utilizing underappericiated computer resources in the area. IOTA eschews mining and processing fees leading the fast and economical exchange funds. **Pros – Fast, virtually free** **Cons Some security concerns** Litecoin – The silver to the Bitcoin’s gold

Block transactions processing is superior with litecoin. The ability of a mean block with litecoin can be done in 2.5 minutes, while 10 minutes is the mean block time for bitcoin. Bitcoin uses a hashing algorithm known as SHA-256. Litecoin uses a scrypt algorithm. **Pros – faster and cheaper** **Cons Lack support as payment method** NEO – Etherium from China

Neo coin is an open-source based smart contract system with the backing of the Chinese banking system. The attached currency, known as the GAS con, is consumed in transaction fees, leaving the Neo coins untouched in their wallet. Neo coins are also not mined. **Pros – You get paid interest for owning these coins** **Cons- Not enough uptaken yet** DASH – privacy focused bitcoin

The goal of Dash is to create a Blockchain that is superior to bitcoin, which erase many of its weaknesses. The intent was for it to be self-funded, self-governed once it was out in the open world. The payments run on a network of masternodes. Those who operate the masternodes invest in Dash an get payment for block mining. **Pros – Privacy** **Cons Some doubt the masternode architecture.** ~~For more article related to crypto and blockchain don't forget to upvote this article.~~