As the cryptocurrency march continues to gain more momentum, people all around the world are warming up to the idea of a crypto-based financial system. Proposed changes seem to gradually transform the financial sector, bringing decentralization, enabling robust security and above all, providing seamless P2P interactions.
Bitcoin is considered the king of cryptocurrency trade but with the 2018 heavy value drop, people are looking for alternatives that don’t involve high risks. The global market is still a bit skeptical as to the development of digital currency; however the numbers don’t lie as digital trade in North America alone has amounted to almost 20 billion USD.
But looking back at the crypto journey till now, it has not been smooth sailing for the ecosystem in general. As the bearish run of digital currencies ended in mid-2018, and the worst performer out of all was Bitcoin, which was the most popular cryptocurrency at the time. As the world warmed up for the prospect of mainstream cryptocurrency, hybrid altcoins like DasCoin aim to bring this into a reality.
The Advantages of Altcoins like DasCoin over Bitcoin
Market volatility, lack of trust, scalability, acceptability and adaptability are all problems faced by the crypto world. While users alone cannot alter this situation, altcoins seem to bring more intelligent solutions to tackle these problems.
Altcoins are alternative coins which improve upon the existing coin architectures and develop innovative solutions to various problems faced by the world. While there are thousands of altcoins existing the crypto space tackling different issues, Hybrid coins like DasCoin provide for a perfect investment avenue in 2018
- Altcoins bring essential updates into the crypto economy
By basing their product on superior blockchain’s, hybrid altcoins offer immense value to the Crypto world. They are decidedly less prone to common problems present in the industry. One unique proposition would be their ability to scale and support multiple business applications.
- Potential for Growth.
Alternative cryptocurrencies are still growing and evolving. But as they promise much more than just a token for trade, most altcoins are brought to the world as solutions to potential problems. Some coins have even generated users of 10X returns.
- Real-world usability.
Hybrid cryptocurrencies like DasCoin are accepted by millions of e-commerce sites worldwide making them fit for real-world use. Advanced blockchains enable instant transactions which would help significantly for micropayments.
- Less volatile compared to large-cap coins
While technologies like high-frequency traders and Pump and dump schemes target significant digital assets like bitcoin, their value fluctuates uncontrollably. Most altcoins remain unaffected by all these things.
Altcoin Usages in Fintech
Altcoins projects allow contributors on their networks to use their blockchain for productive purposes. This can be anything from using the blockchain for app development, learning etc. Altcoins also gives users the ability to use software products developed by the team. By basing their coins to tackle market problems and also to bring real-world value, Hybrid altcoins bring real value to the average token users. Investors looking to expand their portfolios can look up to Hybrid cryptocurrencies as a source of potential profits.