Bitcoin Transaction fees are skyrocketing over $5 again and quickly headed towards the previous ATH at $55, making it the most expensive cryptocurrency to send on-chain. bitinfocharts.com/comparison/bitcoin-transactionfees.html Bitcoin is also by far the slowest cryptocurrency taking 10 minutes per confirmation and requiring 6 confirmations to safely send a transaction. Compare this to many other cryptocurrencies such as TRX and XRP which are nearly instant and free, and you can see how this is a major flaw in Bitcoin's code that has not been addressed quickly enough. Most people aren't going to pay over $5 to send BTC micro transactions on-chain, and off-chain solutions like Lightning Network are nowhere near ready for full scale adoption. This will lead to people moving to cheaper and faster alternatives like Tron as BTC transaction fees continue to skyrocket.
Tron also has turing complete smart contract platforms and is not extremely expensive like Ethereum GAS so it will likely be a top performer in this bull run, while BTC and ETH will continue to grow at a slower pace than their more innovative competitors.
Agreed. It costs me 10 dollars to make a 2-hour long transaction. What's the point of using it at all when there is a bunch of alternatives.
baker13
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hmm what about lighting network for btc and ltc?
Intuit
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@baker13, As I said they're not ready for full scale adoption and it will be awhile before they are, and fees are already averaging over $5 and are rapidly increasing as volume increases, so it's already a major problem that is not fixed yet and won't be for awhile. Along with the fact that BTC and LTC both lack turing complete smart contract platforms and are very slow compared to their competitors it's hard to imagine either one of them growing as quickly as more advanced technology that is currently being undervalued.
noobs
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@baker13, lightning doesn't work with a single exchange as it has low capacity
KLYP_Investment
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This time i don't think so.
photinoman
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TRON is a shtcoin. ETH 2.0, EOS, ADA, XRP, XLM all will do better.
dancsopet
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You forgot about EOS, that has been outperforming TRON both in speed and dapp usage (and smart contract speed). Also has free txs
Intuit
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@dancsopet, I didn't forget about it, I just think that TRX is far more undervalued and will grow faster than EOS. TRX is like the Litecoin of EOS, and LTC actually grew slightly faster than BTC over the last 8 years.