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Unless BTC changes to a "proof of stake" model like the majority of other new cryptocurrencies that are out there, it will see a large chunk of its marketshare
by bcheung 6y ago
Unless BTC changes to a "proof of stake" model like the majority of other new cryptocurrencies that are out there, it will see a large chunk of its marketshare replaced.
There's already a big shift from BTC to more technically sophisticated solutions like Ethereum (ETH).
tThe newest protocols like Cardano (ADA) and Polkadot (DOT) are even more efficient in terms of number of transactions that can be securely handled per second.
Bitcoin also suffers from long wait times because you need to wait for the current block to be finalized. The sheer amount of electricity required just to confirm a transaction is not a viable long term solution for e-commerce.