Well, clearly, Bitcoin is awesome, and there’s no cryptocurrency yet that has even given it an equal competition. Even the second-largest cryptocurrency Etheruem has a dominance rate of around 10% which is six times less than that of Bitcoin. With no doubts, there are many advantages of Bitcoin. So, is there really a need for a Bitcoin alternative? Yes! There is because no matter how much more dominance bitcoin has over altcoins in the market, it still has scalability issues. When we send a Bitcoin to another wallet, it takes a minimum of 10 minutes to complete the transaction. Moreover, if there would be more traffic on the network, it could take from hours to days for the transaction to get completed. 

This clearly tells us that Bitcoin cannot be used for paying local merchants unless you are ready to stand on the shop until your payment gets processed. If you want to utilize cryptocurrencies for local uses such as shopping online, buying a packet of biscuit while staying anonymous, it’s not Bitcoin that’s going to work for you. Besides, there are now many cryptos like Ethereum which offers far more use cases than Bitcoin. Don’t you want to know about such cryptos and see what they can offer you better than Bitcoin.