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Discussion in 'XDC Development' started by Kavita Gupta, Jan 3, 2018.

  1. Kavita Gupta

    Kavita Gupta Active Member Staff Member

    Bitcoin vs. Blockchain: Who wins the race in 2018?
    This year marks the 10th year for bitcoin and its underlying technology — blockchain. Conceived by Satoshi Nakamoto in 2008, bitcoin and blockchain are often ticked off as “the revolutionary technological innovations with a potential to change the world”.

    Well, bitcoin and blockchain technology might be viewed as wrapped up together in the same solution, both lock up different trademarks that strike an interesting debate as to who eclipses whom and who stays unbeaten in 2018.

    In the heat of the moment

    While many may think bitcoin has cut the mustard, a vast majority cannot brush off its exposure to a market that takes wild daily swings in either direction. Its surging prices and catapulting valuation can’t be flashed as a stable payoff seeing its recent tumultuous gain and plunge.

    The menacing volatility of bitcoin makes it highly unacceptable for real-world trade use cases and has put the digital cryptocurrency in a place where it can witness a severe crash. Its excruciating volatility results in price fluctuations where it can go as high as 10 times the current price in USD and fall to 20–40% in a relatively short period of time. Consequently, market witnessed some big names like Steam parting ways with bitcoin. The company will no longer accept bitcoin as a payment method and attributed its big decision to cryptocurrency’s “high transaction fees and volatility.”

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