the cryptocurrency to see 10,000x gain like Bitcoin, and why
For a crytocurrency to reach x10000:
. First you need to have it limited to a certain quantity or units, it would have to be pretty special to be unlimited and yet go x10000…
. Second, if it could store a value that has a way of growing within…
. Third if it can solve a rather fundamental problem or sets of problems and cannot be duplicated easily…
. fourth people simply want it, and there is just too much demand for what is available on the market so it goes skyrocketing.
with all this factors i think these coin below will be skyrocketing this year,although it might not see 10,000x gain but will sure turn up nice profits on investment
*IOTA*
IOTA was created in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. Finance Magnates sat down with IOTA co-founder Dominik Schiener to speak in more depth about the announcement, the technology powering IOTA, and the IOTA Foundation’s plans for the IOTA network in 2018
2017 was a big year for IOTA. Following the November announcement of plans to build a data marketplace with more than forty participants–including Microsoft, Volkswagen, and Fujitsu–the value of a single IOTA token skyrocketed from around $0.70 to over 3.5
To be able to beat Bitcoin you have to invent something that was to be a breakthrough. Bitcoin was the first method with which you could store value digitally, the blockchain is the technology that made bitcoin so valuable. The other coins just modify the base programming in place, they are like Huawei to you Iphone. Even if they are identical you will still go with the Iphone because it was first.
Now IOTA is different. It does not have a blockchain or blocks. They use a totally different technology called “The Tangle”or a Directed Acyclic Graph. With this technology they get rid of the miners and blocks so transactions are free, no fees at all, never. How do they do it?
When you make a transaction in your IOTA wallet, you also verify two other transactions made in the network. Everyone is like a miner in Bitcoin, only that you do it on a micro scale. The time is 1s on a pc to confirm 2 other transactions. And with this action you practically pay for the cost of securing the network and you don’t have to spend any iota. The iota you send is the iota that arrives. you send 5 iota -> arrives 5 iota.
So IOTA solves the following problems with this new approach.
- no fees!! (Bitcoin now takes 2–5$ to make one transaction)
- Tested to 180 transactions per second and Bitcoin can’t do more than 8.
- Truly decentralized, with no miners.
- Future oriented backbone of IoT.
IF iota team pull more effort.i would say iota will be the next bitcoin in some years