Bitcoin sees rival altcoins taking market share | Cyprus Mail
Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few of the investors fuelling their rise seem bothered.
Among the major "altcoins" – as all cryptocurrencies aside from bitcoin are known – some such as ethereum aspire to be the backbone of a future financial system. Others, like Dogecoin, have no such ambitions, and are barely used in payments or business.
