Post
Topic
Board Altcoin Discussion
Merits 3 from 1 user
Re: Are altcoins useless?
by
shane
on 17/06/2019, 16:25:57 UTC
⭐ Merited by Abiky (3)
Personally I think that altcoins will rise and become more popular than Bitcoin in the future.  This is because due to several drawbacks of bitcoin.

One drawback is the scalability. With the rise of bitcoin transactions, we can already observe that it takes time to confirm a transaction and this will give advantage to the true altcoins that solves this scalability issue. Another thing is that bitcoin mining needs a considerable power consumption. Therefore, alternative algorithms like PoS will be prefered by the people as those algorithms don't need such a power consumption.


I agree that there are so many useless altcoins. However, my opinion is altcoins that can truly facilitate mass adoption with less barriers won't be useless.