Note: The following article was submitted as part of the Ziftr contest and chosen as the winner on the topic of ‘What will it take for Bitcoin to gain mass acceptance?’
Although nobody knows for certain what the future holds for the cryptocurrency industry as a whole, it is almost unanimous among pundits and prognosticators that the Blockchain technology is here to stay.
There is little doubt that cryptocurrency will play a significant role in our lives within the next 5 to 10 years; in a recent Wall Street Journal poll “83% of those surveyed believe, “there is a future for cryptocurrencies such as bitcoin.”
But what will that digital landscape look like? Which coins will succeed and which coins will fade away into cyber obscurity? While it would be impossible to predict the destiny of the more than 500 cryptocurrencies currently on the market, the top three, bitcoin, litecoin and dogecoin are traveling along a path where their roles are coming into focus.
Bitcoin: digital gold
Most cryptocurrency experts will tell you that Bitcoin is destined to be the dominant digital currency used in internet commerce for the foreseeable future; but I see a different future for Bitcoin. The vast