Which cryptocurrency will be the future world money?

If one is to believe that cryptocurrency will be the future of money, then the next question might be, which one of the thousands of cryptocurrencies will be the one? It may come from anywhere but to keep this simple, we will just examine the top few candidates.

Posted By: Contributor    24/10/2017    9181 Total Views

If one is to believe that cryptocurrency will be the future of money, then the next question might be, which one of the thousands of cryptocurrencies will be the one? It may come from anywhere but to keep this simple, we will just examine the top few candidates.

Bitcoin – Currently the leader based on market cap but there is a serious flaw in bitcoin at the moment; it cannot scale and has poor leadership. That means bitcoin is unlikely to be the future of peer-to-peer digital currency, at least not one which will be widely used. Bitcoin is also led by a group of people that doesn’t honor agreements so this is another thing that we feel strongly about.

Ethereum – Ethereum has strong leadership in Vitalik Buterin. It works more as a platform and has smart contracts. The disadvantages might ironically be the branding, as it is not easy to associate money with the name Ethereum. Despite that, it is a strong contender as the future of peer-to-peer digital currency in one form or another.

Ripple – Ripple has strong relationships and networks with banks, which plays to their advantage. However, the currency appears to be centralized and this might be up for debate by people who wanted cryptocurrencies to be decentralized and not controlled by any entity.

Bitcoin Cash – Bitcoin Cash follows the original bitcoin goal founded by Satoshi Nakamoto with upgraded blocksize to cater for mass adoption and global demand. With the bitcoin branding and a decentralized team of developers working on Bitcoin Cash, they are a strong contender to be the global decentralized digital currency. With simple and secure upgraded blocksize, Bitcoin Cash could easily handle global transactions safely at scale.

Monero – Monero key advantage is in its privacy and we believe Monero will continue to flourish in the future. However, its privacy may also mean that regulators may put in efforts to restrict its growth in some ways, making it that much harder to be the global digital currency. Despite that, we believe there will always be demand for Monero.

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Bitcoin

$17663.4

Ethereum

$700.346

Bitcoin Cash

$1859.67

Ripple

$0.7661

Litecoin

$301.674