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Counterparty is clearly a buy hereOne of the HUGE HUGE overlooked projects in the midst of the current cryptocurrency boom. I was rather surprised that the price against BTC have been kept that low up till now. Counterparty relies on the bitcoin network for security, and implemented as a side-chain. It does not actually compete with bitcoin, but in a way it complements each other. Counterparty provides functionality beyond the reach of Bitcoin. For instance, smart contracts, decentralized apps, crowd funding, domains, digital tokens just like Ethereum did. Transaction cost A counterparty transaction is really a transaction on bitcoin's network. For instance: counterpartychain.io and on blockchain.info: blockchain.info At the moment transaction cost on Counterparty is significantly higher than Ethereum given that you are actually writing on the bitcoin network given the congestion. However, that could be fully solved with the upcoming Lightning network that will be implemented on bitcoin. It is not a question technically. Such a feature in Counterparty are still currently under development. Mass adoption I believe that connecting all blockchains is the final step of mass adoption in cryptocurrencies, and Bitcoin is well positioned to be the center of such a protocol of the future. Remember the days before the invention of TCP/IP protocol where the 'internet' is only limited to a certain area/geography? The real power is unleashed when a common protocol is used, that enable connection from many local network and intranets that becomes the global network we are used to today. Price In the long run, Counterparty is really the next closest competitor to Ethereum. With the horizon of 1~5 years, I believe Counterparty could easily 10x~50x its current 40 million USD valuation given the fact that its supply is only a measly 2.4 million. Technically? Dont you love that nice bottom at 0.003~0.005 for the past 3 years? :) ---------- Cite Why connecting all the Blockchains is the final step for mass adoption of Cryptocurrencies: bravenewcoin.com
XLong
by LastBattle
10
Little Brother: Out of the shadow and into the LiteFull disclosure, our first foray into Cryptocurrency was Litecoin back in 2015. It was the first coin we experimented mining with because it was cheap enough and could be mined with a GPU. It seemed like a good choice, because LTC was the underdog and mining had not become centralised and monopolised at is it had already become by then with Bitcoin. So we have a soft spot for it, but to be honest, not until recently did we start building our holdings. Unless you've been under a rock, you've heard of the BTC scaling debate. Bitcoin is considered the older brother, always casting a shadow on all other Altcoins. So in his shadow, Litecoin has been able to learn from Bitcoin’s mistakes and so it has come to be seen as the coin that can implement what Bitcoin can’t for a lot of reasons. BTC's problems like stagnancy, divided and toxic leadership, inability to upgrade for the better. These things are both its greatest strength and greatest weakness. But many investors are realising how it shines, and how it doesn’t. As time goes on, it has become clear that Bitcoin’s usage excels as a safe keep, like gold, but for every day usage, it’s not the fastest, or the most economical crypto by far. Countless coins have risen up with faster tech, but BTC holds it’s position, because it holds #1 in the market. The battle is definitely on for a new contender for micro payments. We all want a safe coin we can hold our assets in like Bitcoin, but for everyday usage Bitcoin is failing, and failing fast. It’s heavy, slow and expensive once purchases go below a certain $ threshold. Like gold, it’s great to keep in the safe but lugging it around for every day usage makes little sense. A solution was gradually voted for called Segwit which would enable Bitcoin to use the Lightning Network for greater efficiency, but even though presented to voted on by the Bitcoin community since last year, there has been no progress or resolution and voting to activate is stuck at ~30% of the 95% majority needed. Needless to say, the arguments continue and the king is losing followers. There are many recent contenders for the #2 spot to do what Bitcoin can’t: Dash, Monero and although not designed for some believe Ethereum. Each however has a lot of big trust issues and the sentiment is not great. Whether it’s pre-mining or a resentment of the helm, the crowd is not cheering unanimously for any of them. Enter Litecoin. Litecoin has an established brand already, positioned for years as the silver to bitcoin’s gold, and the sentiment toward it is overly steady and positive. Created in 2011 by Charlie Lee, also known as Satoshilite is a serious and likeable character who has been able to unify the LTC mining community in adopting Segwit at a speed that is admirable. At the time of writing this, Charlie has garnered the support of 69% of the 75% votes needed to activate Segwit. You can read about his vision for Litecoin and Segwit here (segwit.org). All of this exuberance has driven up the LTC price several fold already in the last weeks and shows no real signs of slowing down. What’s more, is that despite several years of attempts to climb up and move out of the shadow of BTC, Litecoin’s community hasn’t given up. It’s that keep going and striving spirit, to put aside the ego and hold let’s do this attitude which Bitcoin has lost. It’s a spirit that many regular people relate to and it's something an army of investors are beginning to rally behind.
LLong
by hanzeholdinworth
1