The new gold or the money of the Internet
A scientific or a technological breakthrough can only be called a “revolution” the moment it becomes available to masses of people so they can use it in their everyday lives. This happened to every essential invention of the past: be it the railroad network or a telephone.
Once a new asset appears, it starts to attract the attention of the market and its price reaches the level, at which the majority of people agree to buy it. What happens if this asset has a limited nature? The answer is simple: the price of this asset will increase dramatically.
This is the reason why Bitcoin is sometimes called “the new gold”: sooner or later the whole Internet with all of its services and content will be valued in BTC. Just try to imagine the price of these assets in fiat money!
Many participants of the e-payment industry turn their attention to cryptoсurrencies. Bitcoin is the prime virtual asset that can be used to carry out all sorts of electronic transactions. Despite the fact that many sophisticated and innovative altcoins appear, none of them succeeded in getting close to BTC.
Why?
The reason for this is the fact that bitcoin is not just an open source protocol: it is a large community of miners, developers and node owners. It can be presented as a form of a new emerging culture! The extensive structure of this community makes it hard for people to reach a consensus, yet the network keeps getting updated and the asset itself keeps improving. The introduction of the Lightning Network protocol may remove the majority of scaling limits and increase the speed of transactions, turning the asset into the “currency of the Internet”.