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Do These Cryptocurrencies Have More Potential Than Bitcoin?

When you think of cryptocurrencies, you think of Bitcoin. It was the first one to burst onto the scene and it is the largest by market capital. But, these virtual currencies are threatening to one day surpass it completely.

Ethereum

Although many people believe that Bitcoin and Ethereum are similar, there is one major difference Ethereum can handle currency and non currency blockchain applications, where Bitcoin can only handle currency applications.

They have a great following, and at the end of 2017, there were approximately 200 organisations in the Enterprise Ethereum Alliance, with a number of industries and sectors. As well as this, they also implement smart contracts, which really sets to bar high for other cryptocurrencies to perform like Ethereum.

Ripple

Ripple appeals solely to financial institutions and have already been backed by several financial institutions. They have fast processing times, and low transaction fees, regardless of where they are going to in the country.

The thing that sets Ripple apart from others is that they already have a number of high profile partnerships, including one with MoneyGram International. That said, it has faced a lot of criticism, especially over this past week, and it has a lot of prove.

Nano

Nano has the capacity to process 7,000 transactions per second, and these speeds could just head higher and higher as time goes on, and could even rival Visa.

The secret behind this is the block lattice structure, which allows transactions to be processed incredibly quickly, and it is this speed that gives Nano the potential to one day be bigger than Bitcoin.

Qtum

Like Ethereum, Qtum is employing the use of smart contracts, and takes the best aspects of both Bitcoin and Ethereum, and turning them into a unique network.

But, the reason that Qtum has the potential to grow bigger than Bitcoin, are the recent partnerships that they have formed with Chinese businesses. These partnerships give Qtum the potential to really excel and eventually out shadow Bitcoin.

Featured Image Source: Pixabay

 

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Frances is a writer for Crypto Daily, and she is responsible for bringing you the latest news on everything that is related to the Crypto world. She has a keen interest in Cryptocurrencies, and has many years of experience writing in all different roles. She is incredibly passionate about writing, and this combined with her interest into the finance, and virtual currency sector means that you are kept up to date with all of the latest news and information regarding all cryptocurrencies.