Despite the negative associations with completely anonymous transactions, the Monero solution is both highly stable and highly popular. If you have Bitcoin before the fork, you will keep your Bitcoin and receive an equivalent amount of the new coin after the fork – as was the case with the Bitcoin Cash fork. Gemini vs Coinbase – A Comprehensive Comparison. Follow him on Twitter: @sam_town_writes, Bitcoin RevShares Advertising Platform – BitRevShares Review. In short, while Segwit2x claims to have a super-majority of miners and exchanges, it can’t be said that 100% of network users support just one side. Bitcoin Cash began trading in July 2017 and was created due to a “fork”, or split, in the Bitcoin blockchain ledger. "https://www.facebook.com/CryptoDotReview/", Created by former Google employee Charlie Lee, Litecoin is a payment-focused cryptocurrency that has experienced a surge in adoption rates over 2017. In a similar manner to Litecoin, Ripple has exploded in value over the last year and, at one point, pushed Ethereum aside to claim the title of second-largest market cap crypto. The cryptocurrency market has been rocked heavily over the last year due to regulatory scrutiny. "https://www.youtube.com/channel/UC8pPppvrYKmqFXBavokFaIg", Monero performance over 2017 courtesy of CoinMarketCap. }, This smooth outcome, however, isn’t guaranteed with Segwit2x. "https://www.pinterest.com/cryptoreview", In the meantime, let’s take a look at the most promising alternatives, beginning with Litecoin: Is Litecoin the next Bitcoin? Ultimately, this means that the network now suffers from high transaction fees and slow transaction settlement times. Using IOTA, a smart home equipped with solar panels would be able to autonomously communicate with energy retailers and identify the most favorable rate at which to sell excess energy back to the grid without the need for human intervention. Bitcoin’s current algorithm includes a system to increase or decrease the difficulty of finding the correct hash for a block based on how quickly the previous 2,016 blocks were found. "@type": "GeoCoordinates", Promoted as a fast, functional alternative, Litecoin offers a number of advantages as far as transaction efficiency is concerned. 2017 was a massive year for cryptocurrency, with Bitcoin— the most valuable and widely-used cryptocurrency— experiencing a historic price run from just $900 to over $20,000 in value. }, Samuel is a freelance journalist, digital nomad, and crypto enthusiast based out of Bangkok, Thailand. "addressRegion": "CA", By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy. Some users think this is a good idea, others don’t. The impact of Bitcoin’s impending Lightning Network implementation remains to be seen, but if the update fails to solve the network’s chronic scalability issues there is a real possibility that Bitcoin Cash could overtake Bitcoin as the number one cryptocurrency. which means for each BTC you own, you will also be claiming a B2X dividend essentially. "url": "https://crypto.review/", Hitbtc Review and Full Guide 2020 – Is This Exchange Safe? It lacks an efficient means of managing the increased transaction volumes that have come with increased adoption, causing network congestion. "image": "https://mk0cryptoreviewa20te.kinstacdn.com/wp-content/uploads/2018/02/logo-final.png", While more complex, the reasons why include: Also of importance here will be the perceived value of a Segwit2x cryptocurrency. The Monero solution is described as a “secure, private, untraceable currency”, and uses an interesting technology called ring signatures to achieve this. At press time, the value of the new version of bitcoin was estimated at just over $1,000, double the price of bitcoin cash ($450) and much higher than bitcoin gold ($130). Instead of relying on node operators to validate transactions, as is the case with Bitcoin, IOTA uses the “Tangle”. Instead, Equihash is written so that graphics cards offer the most efficient way to mine coins based on it. While it has indeed experienced a dramatic increase in adoption over the last year and a staggering increase in value, it has suffered from scalability issues that have left the network both expensive and cripplingly slow. Ripple is currently making a major play to capture a position as the de facto payment processor between banks. Your email address will not be published. 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