If Bitcoin achieves near zero fees, instant payments, and millions of transaction per second through LN, what is the future of
alternative currency coins?
While Lightning Network is ramping up,
alternative currency coins will maintain relevance.
My prediction is
alternative currency coins (that do not implement LN) have more than 6 months but less than 3 years before they dramatically lose market share.
Not exact matches
Altcoin is a combination of two words: «alt» and «
coin»; alt is short for
alternative and
coin as to do with
currency; together they imply a category of cryptocurrency that is
alternative to Bitcoin itself.
A play
coin is an
alternative form of
currency in various Nintendo 3DS games.
The
currency that is mined is known as monero, an
alternative coin, but still incredibly popular.
Bitcoins are not issued by banks or governments — indeed the Bitcoin platform was designed to offer an
alternative to national
currencies like the dollar, and commodity - based
currencies such as gold or silver
coins.
The Russian court decision will be closely watched by investors as Telegram is also undertaking the world's biggest initial
coin offering - a private sale of tokens which could be traded as an
alternative currency, similar to Bitcoin or Ethereum.
According to a group of analysts at Fundstrat, the Wall Street research firm led by noted bitcoin bull Tom Lee, says that the bear market for alt -
coin, or
alternative currencies, is «largely over.»
While the cancellation of SegWit2x is causing a flood of investments away from Bitcoin into
alternative coins, entry - level traders need to remember that a
currency responsible for over half of total market capitalization has the power to cause massive waves in the value of all cryptocurrencies.
The CFTC added that customers can best protect themselves by purchasing only
alternative virtual
currencies, digital
coins, or tokens that have been thoroughly researched.
Altcoin, the abbreviation for
alternative coin, or alternate
coin, or all blockchain projects and related
currency that exist in addition to Bitcoin.
It also highlighted the fact that, to critics of government - controlled monetary policy, cryptos with a limited supply of
coins make for an ideal
alternative to fiat
currency.
One the other hand, the SegWit2x fork leveraged support from some of the cryptocurrency industry's wealthiest players, including the venture capital firm Digital
Currency Group and the cryptocurrency company ShapeShift, which offers everything from hardware wallets to a platform where users swap bitcoin for
alternative coins like monero and ether.
However, with the ongoing volatility in the market and increased regulations, it remains to be seen whether BCH and other digital
coins will be accepted mainstream and as an
alternative to fiat
currency.
Customer Advisory: Beware Virtual
Currency Pump - and - Dump Schemes is a two - page effort from the CFTC, «advising customers to avoid pump - and - dump schemes that can occur in thinly traded or new «
alternative» virtual
currencies and digital
coins or tokens.»
Lightning Network has the potential to render most
alternative currencies and some privacy
coins obsolete.
The blockchain technology has led to a new market where those looking to fundraise can effectively raise millions in capital by using the virtual
coin technology to exchange
currency for what is an
alternative form of a stock.