Even though digital currency has only been around for a handful of years so far, talks about the Bitcoin demise have been gravely exaggerated by the mainstream media and supporters of altcoins. Granted, there are other projects in existence that are not Bitcoin right now, but Andreas M. Antonopoulos feels there is no point in predicting the demise of the leading digital currency. Competition in this space is good, though, as it will lead to further innovation.
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Bitcoin Demise And Rise of Altcoins
Enthusiasts who have been in the world of Bitcoin and digital currency for more than three years now will have noticed there have been some interesting alternative digital currencies along the way. Unfortunately, very few of those ever survive the first two years, and even if they do, there is no comparison to Bitcoin regarding usability or overall support.
Litecoin was once touted as the ultimate Bitcoin replacement, thanks to its faster transaction times and different type of mining technology required. However, the Bitcoin demise was not achieved, and while Litecoin still has some value to this very day, it will not succeed in taking the crown from the