When it comes to digital currencies, Bitcoin is the undisputed king. It has the largest market cap of any digital currency and is accepted as a payment method by a growing number of businesses. But what is the next big thing like Bitcoin?
There are a few contenders for the title of Bitcoin killer. One of the most promising is Ethereum.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ether, the native currency of Ethereum, is also gaining in popularity. Its market cap is now second only to Bitcoin and it is seen as a viable alternative to Bitcoin.
Ethereum also has the advantage of being able to process transactions much faster than Bitcoin.
Another digital currency that could challenge Bitcoin is Litecoin. Litecoin is similar to Bitcoin in many ways but it has a few key advantages.
One is that it has faster transaction times. Another is that it uses a different mining algorithm which makes it easier to mine for individuals with regular computers, as opposed to the specialized equipment required to mine Bitcoin.
So, what is the next big thing like Bitcoin? It could be Ethereum, Litecoin or another digital currency that we have not even heard of yet. Or, it could be that Bitcoin remains the king of digital currencies for some time to come. Only time will tell!.