My Opinion on Viacoin
When discussing Bitcoin and other altcoins, many people only focus on what is currently popular. Today I would like to share my opinion on one of the many underrated altcoins being traded and why people should do research on Viacoin if they are interested in alternate cryptocurrencies.
Bitcoin is essentially the father of the cryptocurrency space and will arguably be the number one cryptocurrency for a while. However, Bitcoin can only allow for transactions to be made at such a high rate of speed before experiencing major lag and delays in transaction time. Note I am not super knowledgeable in software but as a Bitcoin user, I have noticed a severe lag time between transactions recently. The problems that Bitcoin is having makes me believe that other alternate currencies will have a chance to rise up higher than where they are now. I am not at all saying that Viacoin can pass Bitcoin but rather that Viacoin has potential to grow.
Viacoin is an alternate coin that has much potential due to its extremely high transaction speeds. Viacoin is another decentralized cryptocurrency that utilizes the blockchain technology, similar to that of Bitcoin. Not only that, but it will be implementing segwit very soon and will soon run on a lightning network. This will allow transactions to be completed at a much higher rate than that of Bitcoin. To top it all off, it will soon likely be added to ledger hardware wallets.
I am not a financial advisor nor am I telling you to buy Viacoin, but with many improvements coming to a cryptocurrency that is trading at very low amounts, I believe that this coin is very underrated and has the potential to make a splash in the cryptocurrency space. As always, do your own research, invest whatever amount you are comfortable with losing, and do not ever let anyone else influence your trading decisions.
Is viacoin only for fast transactions or more? For transactions we have many alternatives like DASH or it's fork PIVX, which are privacy focussed.
As far as I know it will only be used for lightning fast transactions. The incorporation of segwit and addition to a ledger wallet should help bring up the value. It is also a low circulated coin that is trading much much cheaper than many coins with similar purposes. And in my opinion it shouldn't be trading under a dollar.
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