There's a fierce competition among cryptocurrencies but the main headline will always sport altcoins pitted against bitcoin.
When sense of popularity dictates that people invest in bitcoin, why do we really have to consider altcoins? How far have altcoins really outsmart bitcoin in brains and brawn in the recent years? Let's take a quick look (and for the reason of not wanting to promote a specific altcoin as the best, allow me to mention only their capabilities and not the altcoin itself).
There is this altcoin out there that took the carbon footprint of bitcoin out by periodically releasing coins instead of mining them (which was a happy news to the eco conservatives).
Then there is also an altcoin that could create a block way faster than bitcoin. When bitcoin confirmation takes an hour on an average, this altcoin can confirm your transaction in minutes. And to outweigh that speed, another altcoin promised instant transactions with payment confirmation in less than a second.
We also have altcoins that guarantees complete privacy hiding all substantial private data safely (best for those who want to keep their anonymity in place), and an altcoin even promised ring signatures, a unique technique to keep transactions untraceable.
And just as with bitcoin, there exist altcoins that allows global payment with no need for any central authority.
Altcoins, in one way or another, did outsmart bitcoin. Offering new or better features that may or may not be an integral part of bitcoin in the future.
But perhaps, we will only see an altcoin surpassing bitcoin should we find all of the abovementioned features rolled into one single altcoin. And such thought is really exciting in every aspect.
Well we have to consider altcoins because they are excellent in performance. Paragoncoin for example is actually good. It is launching its new project, the paragon space which shall rise its price.