Post
Topic
Board Bitcoin Discussion
Re: Crypto faster & cheaper?
by
Feuerbach
on 21/09/2018, 11:18:43 UTC
Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.
Yes, a person can remain in the world of fiat, but the crypto currency is developing and there is no need to lag behind the time to remain effective