Closest Competitors of Bitcoin

This would imply the opportunity for invested funds to double in value about once every decade. However, cryptocurrency investors have laughed their way to the bank over the past year, with virtual currency valuations going through the roof. By Jan. Bitcoin, the world's most valuable cryptocurrency by market cap, and the digital coin accepted by more merchants than any other virtual currency, is often credited with being the impetus for this rally.

But, truth be told, the rally in recent months has been about far more than just bitcoin. The search for the next bitcoin has investors and speculators pushing a number of digital currencies higher. However, only four, in my opinion, currently have the "tools" needed to surpass bitcoin's market cap in the intermediate term. What makes Ethereum so special is its blockchain, and the number of organizations currently testing out that blockchain technology in some capacity. Ethereum's digital ledger incorporates protocols known as " smart contracts ," which help to verify, facilitate, or enforce the negotiation of a contract.

Smart contracts are particularly attractive from an efficacy and legal standpoint for businesses, which is why the Ethereum Foundation has had little issue finding takers to test out its technology.

Ethereum's blockchain also moves beyond bitcoin's currency-only applications, which is why so many different industries are interested in what Ethereum has to offer. This includes a number of brand-name companies, as well as governments. If we begin to see wider acceptance of the Ethereum blockchain in real-world applications i. Ripple might even be a bigger threat to bitcoin, with the second-largest cryptocurrency behind bitcoin needing only to double once more in order to surpass it.

Like Ethereum, all eyes are on Ripple's blockchain technology, which is being specifically targeted at big banks and financial institutions. Ripple's exceptionally low transactions fees and quick settlement times are designed to be a major upgrade over the long-winded verification process payments go through with the traditional banking system. The partnership will allow U. Santander accounts to have those payments processed through Ripple's blockchain.

It's believed that these transactions will settle instantly, which is far quicker than what happens with current cross-border transactions, where the verification process can take days. Ripple has also benefited from rumors surrounding its presumably inevitable listing on Coinbase, the world's most popular cryptocurrency exchange. Assuming it does get listed soon and manages to snag new banking partners, it could give bitcoin a real run for its money.

There are also two dark-horse candidates that could do exactly what Ripple has done and emerge from the shadows to make a run at bitcoin. As with Ripple and Ethereum, Stellar's blockchain technology is the star. Stellar's blockchain offers quick processing times on its network of between two and five seconds for most transactions, which again would be a major improvement over the extended verification times often seen in cross-border payments.

Stellar's blockchain also incorporates its own version of smart contracts. Again, Stellar is making it clear that its blockchain is designed for enterprise customers and targeted at cross-border scalable applications. But unlike Ripple and its laser focus on big banks, Stellar is approaching its search for scalability by seeking out multinational businesses. This partnership involves a dozen international banks, representing multiple different currencies, developing and deploying Stellar's blockchain.

The idea here being that IBM, which generates tens of billions of dollars each year outside the U. Assuming this project proves fruitful for IBM, "Big Blue" could choose to expand its application to other parts of the world.

This is Stellar's chance to shine, and if it does, it may have a shot at garnering new partnerships and toppling bitcoin in the process. Why Monero, you ask? Look no further than the tremendous surge in interest for privacy coins of late. A privacy coin is nothing more than a virtual currency that's placed an increased emphasis on the privacy and anonymity of the sender and receivers of virtual funds. Many cryptocurrency users falsely believe that because their logged data is stored in an encrypted fashion on a digital ledger that it can't be traced back to them -- but this just isn't true.

Though the IRS's legal win was for the purpose of catching capital-gain tax evaders, the broader theme here is that blockchain transactions often aren't as anonymous as you'd think. Monero employs an open-sourced protocol known as CryptoNote that uses ring signatures to obscure the sender of a payment. Ring signatures are akin to having multiple signers on a joint bank account, but without knowing who the official signer is.

Each transaction on Monero's blockchain generates a one-time spend key known as a stealth address that allows only the recipient to detect and spend those funds. If privacy coins remain popular among cryptocurrency investors, and Monero lands a major partner, it could come out of nowhere to leapfrog bitcoin.

Jan 9, at AM. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Image source: Getty Images. Stock Advisor launched in February of Join Stock Advisor. Related Articles.

What Does This Mean For The BTC Price?

Georgi Georgiev Apr 20, Binance Coin has had a stellar performance since the beginning of Up more than percent since January 1. BNB has managed to surpass its former all-time high values from January 12th, According to the official whitepaper, those who use BNB to skrpass their fees will receive a 50 percent discount in the first year, 25 percent in the second year, This applies to exchange fees, withdraw fees, listing fees, and any other fees on Binance.

Brief statistics

In short, there seems to be a clear shift to a message that Bitcoin is not just a transaction technology but somehow an irreplaceable store of value, and I am surprised this idea has not yet died with the still ill-conceived idea of a Bitcoin ETF. Rather, I will outline a few of the services underlying the modern currencies that have real value and utility and explain how these could be the basis for a more meaningful distributed application I call the "Blockchain Virgin Islands". For comparison, I also take a brief look at articles written about the cryptocurrency expected to be announced this week by Facebook FB in collaboration with other big-name backers and consider how such a cryptocurrency might work with the BVI. Everyone has his own opinion about things but i think Libra Facebook coin will easily surpass bitcoin or every other concurrency because Facebook already has million of followers so for Libra marketing is easy and they can tell to more people about Libra coin and Facebook has a big budget for marketing so for Facebook things are easy but 1 advantage for other coins is it will bring much traffic in crypto world. You can post now and register later. If you have an account, sign in now to post with your account. Restore formatting. Display as a link instead.

The flippening

This would imply the opportunity for invested funds to double in value about once every decade. However, cryptocurrency investors have laughed their way to the bank over the past year, with virtual currency valuations going through the roof. By Jan. Image source: Getty Images.

Bitcoin, the world's most valuable cryptocurrency by market cap, and the digital coin accepted by more merchants than what crypto will surpass bitcoin other what crypto will surpass bitcoin currency, is often credited with being the impetus for this rally. But, truth be told, the rally in recent months has been about far more than just bitcoin. The search for the next bitcoin has investors and speculators pushing a number of digital currencies higher.

However, only four, in my opinion, currently have the "tools" needed to surpass sirpass market cap in the intermediate term. What makes Ethereum so special is its blockchain, and the number of organizations currently testing out that blockchain technology in some capacity. Wurpass digital ledger incorporates protocols known as " smart contracts ," which help to bictoin, facilitate, or enforce the negotiation of a contract.

Smart contracts are particularly attractive from what crypto will surpass bitcoin efficacy and legal standpoint for businesses, which is why the Ethereum Foundation has had little issue finding takers to test out its technology. Ethereum's blockchain also moves beyond bitcoin's currency-only applications, which is why so many what crypto will surpass bitcoin industries are interested in what Ethereum has to offer. This crhpto a number of brand-name companies, as well as governments.

If we begin to see wider acceptance of the Ethereum blockchain in real-world applications i. Ripple might even be a bigger threat to bitcoin, with the second-largest cryptocurrency behind bitcoin needing only to double once more in order to surpass it.

Like Ethereum, all eyes are on Ripple's blockchain technology, which is being specifically targeted at big banks and financial institutions. Ripple's exceptionally low transactions fees surpsss quick settlement times are designed to be a major upgrade over the long-winded verification process payments go through with the traditional banking.

The partnership will allow U. Santander accounts to have those payments processed through Ripple's blockchain. It's cfypto that these transactions will settle instantly, which is far quicker than what happens with current cross-border transactions, where the verification process can take days.

Ripple has also benefited from rumors surrounding its presumably inevitable listing on Coinbase, the world's most popular cryptocurrency exchange. Drypto it does get listed soon and manages to snag new banking partners, it could give bitcoin a real run for its money.

There are also two dark-horse candidates that could do exactly surlass Ripple has done and emerge from the shadows to make a run at bitcoin. As with Ripple and Ethereum, Stellar's blockchain technology is the star. Stellar's blockchain offers quick processing times on its network of between two and five seconds for what crypto will surpass bitcoin transactions, which again would be a major improvement over the extended verification times often seen in cross-border payments.

Stellar's blockchain also incorporates crrypto own version of smart contracts. Again, Stellar is making it clear that its blockchain is designed for enterprise customers and targeted at cross-border scalable applications. But unlike Ripple and its laser focus on big banks, Stellar is approaching its search for scalability by seeking out multinational businesses. This partnership involves a dozen international banks, representing multiple different currencies, developing and deploying Stellar's blockchain.

The idea here being that IBM, which generates tens of billions of dollars each year outside the Botcoin. Assuming this project proves fruitful for IBM, "Big Blue" could choose to expand its application to other parts of the world. This is Stellar's chance to shine, and if it does, it may have a shot at garnering new partnerships and toppling bitcoin in the process. Why Monero, you ask? Look no further than the tremendous surge in interest for privacy coins of late.

A privacy coin is nothing more than a virtual currency that's placed an increased emphasis on the privacy and anonymity of the sender and receivers of virtual funds. Many cryptocurrency users falsely believe that because their logged data is bicoin in an encrypted fashion on a digital ledger that it can't be traced back to them -- but this just isn't true. Though the IRS's legal win was for the purpose of catching capital-gain tax evaders, the xrypto theme here is that blockchain transactions often aren't wat anonymous as you'd think.

Monero employs an open-sourced protocol wil, as CryptoNote that uses ring signatures to obscure the sender of a payment. Ring signatures are akin to having multiple signers on a joint bank account, but without knowing who the official bitccoin is. Each transaction on Monero's blockchain generates a one-time spend key known as a stealth address that allows only the recipient to detect and spend those funds.

If privacy coins remain popular among cryptocurrency investors, and Monero lands a major partner, it could come what crypto will surpass bitcoin of nowhere to leapfrog bitcoin. More From The Motley Fool. Sean Williams has no position in any of the stocks mentioned. The Motley Fool bitccoin American Express. The Motley Fool has a disclosure policy. No matching results for ''.

Tip: Try a valid symbol or a specific ceypto name for relevant results. Finance Home. Markets open in 6 hrs 40 mins. Sean Williams, The Motley Fool. Motley Fool Wiol 9, View photos. A physical gold bitcoin, up close. A person holding up a physical gold Ethereum coin. Story continues.

Ethereum What makes Ethereum so special is its surpazs, and the number of organizations currently testing out that blockchain technology in some capacity.

A physical silver and gold Ripple coin. A person touching an individual surass block that's part of a blockchain on a digital screen.

A physical silver and gold Monero coin. Recently Viewed Your list is. What to Read Next. Coin Rivet. Investor's Business Daily. Yahoo Finance. Associated Press. American City Business Journals. Yahoo Finance Video. Yahoo Finance UK. FX Empire.

I Predict Ripple (XRP) Will Surpass Bitcoin (BTC)

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While its price has not seen a great increase, Ethereum, with its widespread enterprise adoption, still holds a great deal of potential. But Ethereum changed. Related Articles. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. There is no denying that Ethereum takes the cake when it comes to competing for the position of the most user-friendly and commonly-adapted network. At the time, I called it a "Horse-drawn Ferrari" and pointed out how backward the idea was to take a 21st century transaction technology and wrap it in a 20th century fund and exchange infrastructure. At continue reading end of the day, it does not seem clear that a popular Ponzi scheme game or the movement of something like Tether USD means people should be buying and holding Ether over the long term. If you make a simple search online everyone sees Bitcoin as the Digital Gold, and maybe it was, anyone, talks about this simple question:. Assuming this project proves fruitful for IBM, "Big Blue" could choose to expand its application to other parts of the world. It's hard to compare which one is better — Bitcoin or Ethereum. As of now, it seems that these are the two crypto players that might be able to surpass Bitcoin. Latest Update: Dec 02, Sean Farrell Latest Crypto News. Thus, the payment network includes some advantages that Bitcoin cannot offer. A month ago Ethereum had hard fork Byzantium.

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