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Question:What are the use-cases of altcoins that impact retail payments more than Bitcoin? ?
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Remitano has found two best answers to the question:What are the use-cases of altcoins that impact retail payments more than Bitcoin?
Congratulations to user godgrace1 with answer;
There are a lot of use cases altcoins have impacted retail payment than bitcoin. Am going to point out few of them .
1 Monero :
At a time when people can search people records and find information on virtually anyone at a touch of a button, demand for a private way to transact money has always been at the center of crypto. And Monero is probably the first coin people think about when talking about a privacy coin.
This secrecy that Monero offers is what makes it such a valuable asset,
You can transact on Monero and your transaction can never be traced while on the bitcoin network transactions can be traced.
2 Ether :
People wrongfully jumble Bitcoin and Ether together, but they’re fundamentally different in so many ways. While both Ether and BItcoin are traded on the public market and subject to the forces of speculation, Ether has something Bitcoin has not, and that is a use case beyond simply being a digital currency.
Ether is the fuel needed to transact and operate on the Ethereum network, and as such, will always have an intrinsic value for those who want to use the network to run their own applications. Ethereum is also the platform of choice for many new cryptos, which should continue to foster demand for Ether for years to come.
This are just some cases.
- and user
michaelade26 with answer;
Well bitcoin, has an advantage in so far as the fact that vastly more people hold the original currency than they do any other. However, numerous altcoins particularly Bitcoin cash, Dash and litecoin are already faster and cheaper than bitcoin as a method of payment, while the may lack the value of their older rival, they currently provide a more seamless retail experience.
Bitcoin cash :
In its current state Bitcoin can't handle a high throughput of transactions as its main rivals. In particular, it presently comes nowhere near topping the speeds offered by Bitcoin Cash, which at maximum beats its closest rival Dash at 168 transactions per second. On top of this, bitcoin cash has the lowest transaction fee meaning that it's the most usable cryptocurrency from a standpoint that focuses mostly on cost and speed.
Dash :
The Dash network was specifically designed for payment use case.it offers instant payment that make it viable at the point of sale. In addition, fees are very low with a median transaction fee of about one tenth of a cent. This combination makes Dash feasible for everyday consumer purchases.
