Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
queenstella
on 23/07/2018, 15:51:05 UTC
Bitcoin was designed as a digital currency. The technology allows only basic programming. This prevents bitcoin from being used in more complicated situations like for smart automatically executing contracts. Think of it like a calculator compared to a computer.
There are now over 1500 cryptocurrencies newer than bitcoin. These coins are more efficient, faster, and offer features that bitcoin lacks.