Beyond Bitcoin..
I have heard that bitcoin is like the Myspace of crypto currency, but really I think it might be more like hi5.. if anyone remembers that.
The crypto community looks at bitcoin like gold, but with long transaction times and risk of double payments to multiple vendors this poses a threat to the value of crypto CURRENCY which is not like gold.
So if bitcoin is the gold.. then we need a good "currency" that is faster and easier to use, and that is not Bitcoin.. So what will be the Myspace and Facebook that just DO IT BETTER in the future?
Post collapse Ethereum.. Or is there something better that will rise and take over the masses?
#crypto #socialnetwork #steem #beyondbitcoin #dao #investment #lifestyle #steemit #ethereum #bitcoin
I'd say Ethereum... unless something game-changing comes along.
What do you think about Dash.. Maid.. Monero.. Lisk.. NXT.. XEM ?
Any hopefuls there?
Steemit is based on bitshares codebase primarily :)
This codebase is dubbed "Graphene" and is a very powerful blockchain. In fact it is arguable that the only on that gets close to it is Dash in terms of speed, and Dash will likely have problems scaling while bitshares can theoretically get down to 1 sec transactions and sub 3 second confirmation times...with unlimited scalability (though governed by how much the network is willing to pay for in terms of equipment required.
Lisk is actually based on bitshares 1.0 code (redone with javascript as opposed to c++). Though bts 1.0 has some strong features, i'd put it just above NXT. Add to this that they use javascript, which opens it up to more devs...and you have something pretty cool imo.
NXT is solid and has a great little community.
Monero I do not know too much about other than its use of ring sigs...but for privacy that is a nice little addition to the marketspace.
XEM---I need to learn more about them. I think they are going to go down to around 15-20 mil, but from what others have told me it is a cool platform, but not really anymore innovative than the others.
As far as MAID goes. I love the ideas...just hope they can pull it off. Whether or not they can is anyone's guess.