The theory of “Survival of The Fittest” to which we refer as the Struggle for Existence once derived by Charles Darwin for living creatures seems to fit in the existence of non-living things and more appropriately in the virtual entities. You will be amazed how this can be possible, but the truth of this statement is depicted in survival of cryptocurrencies. The name of hundreds of cryptocurrencies, referred to as “altcoins,” the genesis of which was followed the launch of Bitcoin can be taken on the list of cryptocurrency list, but many of them have either not survived or struggling for survival. The hypothesis of above theory is that only fittest can survive.
Choosing the best altcoin
Even today, most Bitcoin aficionados don’t keep faith in altcoins, but it wouldn’t be appropriate to refer Bitcoin or any other altcoin as the best cryptocurrency because there is a tough competition and cryptocurrency users do not trust in investing in a single cryptocurrency. Altcoins have vital role in cryptocurrency mining. Bitcoin’s one of the prime objectives is decentralization and altcoins have more decentralized the cryptocurrency community. There are mining options for several altcoins and the people look for suitable option according to their preferential needs. Some altcoins have been introduced with innovative features that are not available in Bitcoin and people thus, prefer altcoin trading to experiment with advantage of novel features. For instance, altcoin Ripple provides an ease of inter-currency payments, DarkCoin offers anonymity in transactions, and MasterCoin exploit the Bitcoin blockchain to safeguard their platform. Altcoins are the best alternative for the users to make their cryptocurrency investments more lucrative.
Altcoin trading is best
Despite several arguments of Bitcoin enthusiastics, Bitcoin trading can’t be taken as the sole best option for cryptocurrency users when alternatives are available to experiment with innovative features for more benefits. You can’t rate any specific altcoin as the best, but those survive in this struggle are the best.