Hey Steemians,
Cryptocurrency is the hot shot topic that is being discussed everywhere in the world. Cryptos are being used for the transactions around the world for its swift transaction in very less amount of fees. Bitcoin so far is the best and most favorite cryptocurrency in this case. But it seems that Bitcoin is loosing its charm for obvious reasons. High Transaction Fees.
According to the statement by Ryan Charles, Owner of Yours Inc., he have tried to explain that transaction charges in Bitcoins are sometimes going higher than transaction charges in Paypal & Western Union too.
Bitcoin due to its higher amount of expenses & continuously increasing difficulty, is becoming less in demand and use for the people who actively want to adapt Blockchain technology.
Is that mean that the use of Bitcoin is going to decrease with these negative effects or the demoralization in Bitcoin is going to boost other alternative Cryptocurrencies.
Lets see this in future!
Also read the detailed article by Cointelegraph
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PoS is the future instead of PoW.
Lets see with Ethereum hard fork, if its happening!
I think that one day, there will be a superior coin that will take Bitcoins place because it will be more flexible faster and will have less fees. Those coins already exist, but the community will decide later who will be the "winner" of this contest.
At the moment Bitcoin is the flagship of cryptocurrencies and it will be a few more years. People who have no clue what cryptocurrencies or Blockchain are still heard the word Bitcoin one day. Bitcoin is in the news and famous people speak about it. Thats why it is so popular and this is why its currently the #1 coin.
But for the moment it will continue to rise. It will rise as long, as people dont know what cryptos are and what they can do. Some day there will be a cut, and a new and better coin will take its place.
Rather Bitcoin is seeing a set back but for a while, no other coin can overtake Bitcoin.. Atleast for few years for sure!
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