Im busy with a new reward base website.
I want to use a cryptocurrency other than bitcoin.
There is at the moment to many to choose from.
My aim is to get more people into cryptocurrency.
Which one will be the best to use and I also want to know why?
Your feedback will be appreciated.
what kind of reward based are we talking about? like a tipping platform, because they are all happening off-chain which makes it easy to deal with many problems.
and for that you should only use bitcoin because people other than traders don't know altcoins.
Although I think bitcoin is a great idea there are some problems why I do not want to use bitcoin.
1. Confirmation time takes too long. Most alt coins confirmation time is faster.
2. Fees. If Bitcoins go up in value the fees will be higher. Im not sure if the fees will change in the future.
3. Green. Bitcoin use over $300,000 worth of electricity per day.
4. The centralization of bitcoin. The harder algorithm and if the price do not go up then the more centralise bitcoin became.
Most alt coins is not use and is only there for trading and pump and dump and do not have real economic value.
There are a lot of coins that are better than bitcoins and a few with real world usages.
I want to take one and see if I can give it real value and usages.
1) with standard fee it takes less than 10 minutes and usually a couple of minutes to get confirmed. and for altcoins you have to wait for more confirmation to be sure. for example an alt which has a 30 second block creation you have to wait for 20 confirmation to be sure that there were no double spend, orphan, ....
2) if bitcoin goes up fees will be adjusted to match the price and it has already happened a couple of times. for example years ago fee per transaction was 0.01
BTC because bitcoin was $1
3) I don't know where you brought that number from but the same thing is happening with altcoins too, they need mining also but since their price and usage are less there is less miners doing it.
4) you don't know what centralization means with bitcoin. google it.
and if you are so happy with alts then there is no need for asking this question here, go for it with what makes you comfortable. variety is one of the best things you can get with alts.