The rivals seeking Bitcoin's crown

Cryptocurrencies fall into three groups

clock • 3 min read

As Bitcoin's price continues to pogo through extreme volatility, I find it more intriguing to assess its future by worrying less about price and, instead, analysing which of the 1000+ 'coins' available on exchanges could become the next big thing.

Cryptocurrencies have very different raison d'êtres, so it helps to divide them into three groups - Money, Platforms and Apps. Money Bitcoin falls into the first category of Money, as do many alternatives to Bitcoin. They are designed to be units of transaction primarily. If Bitcoin dies, it is likely coins from this category will take its place.  Three of the most popular at present are Monero, Litecoin and Dash, which try to improve over Bitcoin in areas like transaction speeds and privacy. Coins in this area should be decentralised with open source code so no one entity controls ...

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