Altcoins are booming very well. A lot of them are being born every day. There are numerous alts out there now and there are a lot that is coming now. What are the advantages of altcoins?
Yes friend, and mony more altcoins are gonna be lunch as the new year (2019) come on board. These are definitely some of the advantages of altcoins.
1Easy access – Cryptocurrencies (altcoins like Dash, Litecoin, monero etc) are readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. You can find various projects trying to raise funds through cryptocurrencies like ETH, EOS, STELLAR etc. Almost anyone that can make online fund transfers can become part of such projects
2.Quick and easy payments – Making payments using cryptocurrencies are very easy. You can do it in just a matter of a few seconds. It is very fast because you don’t require to feed many details, you don’t even need to enter your credit/debit card details. All you need is the address of the wallet of the person or enterprise to whom you wish to make the payment too. The amount shall be credit to the receiver within few seconds or a few minutes depending on the crypto. The ease of transfer and the low transaction fees makes it very desirable.
3.Fast Settlements – With cryptos, eg Litecoin, dash monero etc, you don’t need to wait a couple days for your business to receive the money. Due to the technology cryptocurrencies are based on, the blockchain, it removes delays, payment of fees and a host of other third party approval that might have been present. For traditional businesses, there are often hiccups and bottlenecks due to the number of middlemen that you have to cut through. With cryptocurrency transactions, there is a quick settlement as the peer-to-peer nature of the networking structure cuts off the middleman.
Crypto contracts were designed to eliminate the bottlenecks that have come to characterize traditional settlement. The settlement is immediate and can be completed for a fraction of time and expense that it would have taken a traditional transfer.