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Which altcoins are best for small payments in terms of transaction costs and speed?
RaiBlocks, which is now rebranded as Nano, is by far the best option for this. Nano is specifically designed using a block lattice system which allows transactions to go through almost instantly https://www.reddit.com/r/CryptoCurrency/comments/7jj68u/raiblocks_speed_comparison/. This system also utilizes very little computing power which allows for nearly zero transaction fees. No need for mining as well. RaiBlocks/Nano is currently the best option for a scalable everyday currency. |
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To start I should say I don't think any coin can or should replace Bitcoin as the most dominant coin. Bitcoin started it all and we all trade and measure our portfolios in BTC. It has the recognition of casual investors and when the Lightning Network goes live the problem of moving it will be mostly solved. However, if it were to be replaced, Bitcoin Cash is a pretty shit candidate. It offers nothing new. The only reason any of us pay it any mind at all is because it has "Bitcoin" in the name. If it were not for this, we'd all be scratching our heads trying to figure out why it's worth nearly $3000 (something which I don't think will last over the coming years, people will wake up and realise how unremarkable it is). It's value is almost entirely based on a few, very rich people pumping and manipulating it, something that could stop when they get bored and realise they've thrown enough money away on it. If any coin should "replace" Bitcoin - it should be a coin that's its own thing. Coins that bring new features to the table. Apart from the obvious big candidates that are more useful than Bitcoin and BCH (Eth, Dash etc) there's coins which really could be far more-suitable for mainstream use. Chief among them I think is Raiblocks. Despite being traded on very shitty exchanges (which it melted  ) it's managed to become a top 20 coin. The main reason is no-fee transactions and low CPU-power footprint. From the FAQ: WHAT IS RAIBLOCKS?
RaiBlocks is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting.
Offers feeless, instantaneous transactions, as well as unlimited scalability, making RaiBlocks ideal for peer-to-peer transactions.
The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
To date, the RaiBlocks network has processed over four million transactions with an unpruned ledger size of only 1.7GB.So rather than the big blocks vs lightning network war, Raiblocks is good tech that solves all of the problems related to sending or withdrawing cryptocurrencies from exchanges (despite recent problems related to a malfunctioning node). And while it's not exactly a low-maximum-supply coin, its supply of 133,248,290 XRB is low enough for it to act as a store of value. If it were listed on decent exchanges (Binance coming soon?) and if you could trade other currencies with it, I could see people doing all of their trading in Raiblocks. If for no other reason that it will be free to move around. There are also other far better candidates than BCH. An outsider like Phore could also shake things up, especially when their marketplace (currently in closed beta) goes live. Marketplaces drove the early gains of BTC and Dash. With atomic swaps and smart contracts coming soon it could be an all-in-one coin which continues to shake things up (recent 10x growth). Tl;dr: Basically there's hundreds of better "Bitcoin replacement" coins than Bitcoin Cash, many of which actually bring something new to the table, so Roger Ver can suck it. I agree that RaiBlocks would be a great coin to replace BTC. The fact that it can handle a large number of transactions extremely quickly with zero transaction fees and no need for mining, gives it a huge advantage. RaiBlocks seems to have tackled the scalability issue, but the big problem down the road is adoption. So marketing and user interfaces plus exchanges will play a large role. |
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Hi everyone,
as any one here i want to know what is the best wallet to secure my btc in?
I checked many sites trying to know which wallet is the best , but i can't decide which to use , specially when i found many types of wallets, so if any one of you has a previous experience so tell me, should i use a web wallet or a hardware wallet,and name one for me please.
thanks a lot.
The most secure wallets are the hardware wallets. The best of these include then Nano Ledger and the Trezor. I also like Coinbase/GDAX web wallet. They insure your coins if the company is hacked because most coins are stored offline. However the downside is that they only hold BTC, LTC, ETH, and BTC Cash |
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As the title says whats the best way to buy some of these alt coins?
Regards
Paul.
Coinbase is one of the most user friendly exchange to buy crypto, but it does have some high fees and only offers four coins currently. If you interested in alt coins you should check out bittrex, binance, or poloniex because they offer a large number of coins. Personally I prefer GDAX which is a owned by the same company as coin base, and they offer no fees for buying, selling or transferring. |
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Hi all, Do you trade any stocks related to Bitcoin or cryptocurrencies? Since I'm currently studying about the cryptocurrency world and how I could be a trader in this sector, I would like to know if you know some cryptocurrency related stocks, which it would be worthy to invest in. I've been trading stocks for some years now so I would prefer to start with something that I know before open a wallet or buy and trade cryptocurrencies. So not necessary for the long term, I'm interested even in finding some stocks for trading in the next months. All the stock markets are ok for the suggestions. I would be interested in some stocks related to the use of the blockchain in general. Please let me know if you have some ideas and thanks in advance  With the massive adoption of cryptocurrencies there will inevitably companies to profit from this. (Nasdaq: NVDA) Nvidia is the largest GPU car distributer in the world, and due to the fact that almost all mining rigs rely on these GPU's, Nvidia is directly profiting from the crypto craze and will continue to. (NYSE: SHOP). Shopify is an online platform that supports over 400,000 e-commerce websites. There's not many places where people can currently use their bitcoins buy stuff, so since Shopify announced that they are accepting bitcoins as payments, there is huge expected growth with this company. (Nasdaq: CYBR) CyberArk is company that's focused on preventing cyber attacks on companies. With the loads of money flowing into crypto coupled with its anonymity, hackers are finding new ways to steal cryptocurrencies every day. Therefore companies like CyberArk will profit from being needed. |
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Should I hold Bitcoins Or should I buy Altcoins with it.
And Why ?
What's your take on it ?
It's great to always have some bitcoins because they are the most stable and reliable, and you usually need bitcoins in order to buy any altcoins. So I think its a good idea to have bitcoins available when you find an alt coin you want to invest in. Similar to stocks, it's a good idea to have a diversified portfolio. Alt coins are similar to penny stocks to me in the sense that they are much riskier but have a greater potential for profit. |
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Hi All,
unfortunatelly I lost almost all my cryptocurrencies, which I had in 2014, since I left them on exchanges.
Now, I only could access one exchange with 0.1 bitcoin, cash - goldcoin. Additionally, I have stille some ripple xrp coins. Now, I was wondering how to store them savely? If I download only the bitcoin wallet all the blocks are going to be donwloaded which is a lot of data.
Could anybody recommend me how to save the coins savely, I actually whould like to store different once. Since I also lost over 400 Dark/dashcoins, since I left them on an exchange....
thanks in advance
Hardware wallets are the most secure, but also the most expensive. The top brands include: KeepKey, NanoLedger, and Trezor. However, CoinBase/GDAX exchange personally insures all of your cryptocurrency if the exchange is hacked. They do this by storing 98% of the coins on the exchange in offline hardware. The downside to this, is that they only offer wallets for 4 coins. |
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