Bitcoin has seen eleven years of strong usage. The world’s first cryptocurrency has proven itself to be a modern marvel as it birthed the entire crypto market. Bitcoin was the first and by far the most successful cryptocurrency to date. However, just like any technology, there are newer and more capable options available today.
The idea of another token replacing Bitcoin may seem impossible but it only takes a little research to see that newer blockchains are packed with more functionality. Bitcoin was the start of the decentralized revolution. As such, it’s considered a first-generation cryptocurrency.
The second-generation cryptocurrencies came about with Ethereum. These coins were faster and functioned as a cryptocurrency but they also had added uses. For example, Ethereum was built from the ground up as a Dapp launch platform. Decentralized applications are considered by many as more important than any other feature in the market in terms of pushing large scale adoption.
Ethereum did push adoption to new heights. Their blockchain’s ERC-20 protocol helped catapult the initial coin offering (ICO) sector into what it is today. Amazingly, there are almost 200,000 ERC-20 tokens in the market. These statistics showcase how important each generation of cryptocurrency is to adoption.
The next generation of cryptocurrencies built on Ethereum’s concepts. These tokens, such as EOS, improved Dapp programmability, and added more features for developers to utilize. For example, there are no transaction fees on the EOS blockchain. This reduces the cost of building and launching applications. Third generation blockchains are way faster than their predecessors.
The market got its first fourth-generation blockchain this year. These blockchains are able to fulfill the role of multiple digital asset classes. Here are 5 cryptocurrencies that will blow Bitcoin out of the water in the coming years.
GSX
GSX is a project that has the potential to take over the entire market moving forward. This token encompasses the entire spectrum of cryptocurrency activities. GSX is Apollo’s premier stablecoin. The coin is pinned to Apollo Financial’s gold mining operations.
GSX tokens represent true owners of the entire mining operations. This includes all equipment, lands, and gold. You receive yearly dividends as part of your token ownership. These payments appreciate the value of the operation and gold. Best of all, the firm utilizes third-party auditors to keep their actions transparent to the community
Notably, GSX resides on the Apollo blockchain. Consequently, it’s faster and more secure than any other stablecoin in the market today. Users enjoy more security, better UX, and more usability. Also, there is more ROI potential compared to other gold-pinned platforms
Currently, GSX is available at GSXCDE.com. The firm has a pre-sale going on at this moment. Investors that purchase now receive a substantial discount of up to 50% on their buys.
Apollo
Apollo takes the title because it’s the world’s first fourth-generation blockchain. This extremely flexible decentralized ecosystem can support nearly every type of blockchain transaction. Additionally, Apollo is more secure than the early generations. The platform is the only Quantum resistant blockchain in existence.
Apollo has gone to great lengths to drive more activity to its Dapp community. Users find programming Dapps on Apollo is much easier than other blockchains. Additionally, they have access to features that other blockchains could only dream of. For example, Apollo utilizes sharding to provide Dapp developers with unlimited storage space.
Apollo features an easy-to-navigate and program backend and is very flexible. Users can program, issue, and conduct ICOs from the platform. Best of all, Apollo removed the technical requirements from the programming process. You can effortlessly layout your token needs and set up your issuance parameters. You can find Apollo on the BitMart exchange.
Ethereum 2.0
For years, analysts have stated that if any coin has the ability to take over Bitcoin, its Ethereum. Ethereum is more popular than ever. Additionally, the platform has the largest Dapp community in the world. This network has spawned the creation of exchanges, DEXs, wallets, games, and a wide variety of other amazing products.
Ethereum developers understand that their coins will enjoy interoperability within this growing sector. Already, these tokens have far more options than any other token standard. Additionally, Ethereum now has a bunch of different token standards. These coins cover the gambit of the market from utility tokens to security tokens.
Ethereum 2.0 is set to launch before the end of 2020. This latest version of the world’s second most popular cryptocurrency will introduce a bunch of cool new features to the market. Primarily, the upgrade will take Ethereum from a Proof-of-Work blockchain over to a Proof-of-Stake network. Notably, Ethereum will be the largest PoS network in the world after the upgrade.
Ethereum 2.0 users earn passive income for staking their Ether. The process is easy, you just hold your coins in a network wallet for the approval time period and you start earning passive Ethereum. It’s that simple.
EOS
EOS is another project that has Bitcoin whooped in terms of technical capabilities. EOS is faster than Bitcoin in nearly every aspect. Bitcoin conducts 6 transactions per second, EOS can conduct thousands. Also, EOS is far more energy-efficient to operate than Bitcoin.
There is a lot of attention being paid to reducing the carbon footprint of blockchains in the market. EOS is hundreds of times more energy-efficient than Bitcoin. Also, with no transaction fees and near-instant transfers, it fulfills the role of a cryptocurrency perfectly.
One of the strongest aspects of EOS is its development community. This project is well-organized and has a significant monthly budget to improve its ecosystem. In the long term, these funds could make the difference between stalled development and achieving the next major blockchain discovery.
The King is Under Attack
As it stands today, Bitcoin is still the undisputed king of the market. However, now that you see there are so many more advanced options in the market, it’s easy to envision how one of these platforms could see explosive growth in the coming months. For now, any of these coins could beat Bitcoin in a technical boxing match.
