Cryptocurrency is growing more and more the feeling for this in recent years. The basic image of the cryptocurrency market sets the stage for the next wave in the industry. Despite all the losses and falls, the fundamental of cryptocurrencies continues to grow and 2019 promises to be an exciting year in terms of the development of cryptocurrency. Below are some developments of the cryptocurrencies that the last has seen:
Bitcoin (BTC): Bitcoin is preparing for an interesting year due to its increasing transaction speed and scalability. It has the potential to launch the entire market. The usability of this leads to increased transaction fees and a stronger advantage for the competition. The Bitcoin developers respond by opening the Lightning network that allows transactions to occur separately from the main Bitcoin blockchain.
Ripple: Ripple software can handle transactions thousands of times faster than other payment gateways. It can constantly handle 1500 transactions per second. Ripple is focusing on acquiring partnerships with global banks to increase liquidity and low transaction costs.
Ethereum (ETH): Ethereum is able to proactively respond to scalability problems. Since more cryptocurrencies are fighting for first place, Ethereum needs to make a solution for its problems to be maintained in one of the best places.
Bitcoin cash (BCH): Bitcoin cash has updated its website with the roadmap divided into three sections: scaling, usability and extensibility. Design requires updates to improve the product.
Steller: Steller is able to make improvements and development collaborations during bear markets with the best chance of survival. Steller is building partnerships with big companies to succeed in the next year.
Litecoin (LTC): Litecoin is referred to as Bitcoin's silver for gold because of its productivity to retain users' Bitcoins rather than using it for daily transactions. The goal of Litecoin is to enter a smaller denomination to be used more practical for daily transactions.
Blockchain, the technology behind cryptocurrencies has spread to the digital currency sector. And the next few years will be able to see many applications of cryptocurrencies.
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