Next Big Cryptocurrency / Which will be the bigger one?
After the bitcoin releasing, the cryptocurrency market spread widely. By looking at the growth of the bitcoin, other
cryptocurrencies are also trying to control and behave as the same. For an example, some other cryptocurrencies
also lead towards a control of decentralized control body. This makes either a completely new cryptocurrency may
come to the world or remaining cryptocurrency will take the priority. So, it is worth to compare top remaining
cryptocurrencies with their abilities.
Ethereum is in the first place of the next big cryptocurrency list. Same as the bitcoin Ethereum started the
decentralized controlling system. It encourages the access of anyone in the world freely. So Ethereum takes
advantage of peoples suffering from lot of barriers like while access to a bank account and while requesting a loan.
Ethereum runs on the platform called ether, which is a platform specific cryptographic token. In 2021 Ethereum tries
to change its algorithm from proof-of-work to proof-of-stake. This allows Ethereum to run itself with low energy and
more transaction speed to make it more profitable.
Litecoin is the first one which is trying to follow the bitcoins footpath. It is under the control of open-source global
payment network. They use “scrypt” as a proof of work that can be decoded by the help of consumer grades CPUs.
Other interesting features are Litecoin has faster transaction confirmation time as well as faster block generation
rate. Even those features can go before bitcoin now and one day surely Litecoin will come forward.
Cardano is another great approach of cryptocurrency market which are using Ouroboros proof-of-stake as the
payment proof. Cardano made by an extensive experimentation and peer reviewed research of its blockchain. Some
cryptocurrency traders like to introduce Cardano as Ethereum killer also because of its performance over Ethereum.
Since it is in the early ages of the cryptocurrency market, it has long way to go in the future.
This cryptocurrency is another unique digital currency use proof-of-stake for its trading. It can connect blockchains
under permissioned or less permissioned situations to allow work together. Polkadot operations depend on the
parallel blockchain control body with their own tokens for specific uses. The difference between Ethereum and
Polkadot is, Polkadot developers can create their own blockchain while using the default Polkadot parallel blockchain
security. Because in Ethereum, even developers can create new blockchains with their own security system for that.
Bitcoin Cash (BCH)
Bitcoin Cash is one of the earliest and important hard forks before the origination of bitcoin. In the cryptocurrency
market, there are debates and arguments between developers and miners regarding a digital currency. At a time, a
digital currency had to split because of the debates and arguments. So, a new blockchain will produce around the
spitted coin. BCH is one of them creating its own blockchain. Even BCH stated its journey as a spitted one, now it is
developing with huge market attraction.
As you can see, there are several remaining cryptocurrencies in the global digital currency market which can take the
next number one. All you need is keep your eye on them.