Bitcoin brought about a definite revolution within the payments arena. With a payments architecture that eliminated the mediators while reduced the payment costs, it quickly got mainstream. But while there was no competitor on stage, after a decade and over 1500 different cryptocurrencies, things have changed pretty much. Bitcoin is now perceived with multiple plaguing issues such as slow throughput speeds, higher settlement timings, environmental issues and what not. There are definitely more advanced and far superior crypto-technologies that have surfaced the market since the launch of Bitcoin.But still the problem persists with current solutions as either the blockchain settlement timings are slow or users face multiple restrictions starting from the limitation of the numbers of coin that can be spent on the platform. Further, if we narrow down to a few micropayment solutions that do offer greater speeds without limitations, given their volatile nature, it becomes difficult to convince store owners, merchants and even e-Commerce websites to accept such cryptos as a mode of payment. via /r/icocrypto https://ift.tt/2L3YzjP
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