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Malcolm O'Mahony
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Malcolm O'Mahony
It depends on what you mean by “the next bitcoin” 🤔
Bitcoin is unlikely to be superseded by another cryptocurrency due to the network effect. A network effect is when a product or service becomes more valuable as more people use it, and Bitcoin has become increasingly popular over the past decade in terms of adoption and acceptance.
The technology that underpins Bitcoin – blockchain technology – is being applied to various applications beyond digital currency. Ethereum is the most prominent example of a cryptocurrency that uses blockchain technology for other purposes besides storing digital value.
Other projects like Ripple and Cardano are also exploring the potential of blockchain technology in different ways. While these projects are definitely worth paying attention to, they don’t necessarily constitute the ‘next Bitcoin’.
