Cryptocurrency is increasingly growing the sentiment for it for the last several years. The basic picture of the cryptocurrency market sets the stage for the next wave in the sector. In spite of all the losses and downs, the fundamental of the cryptocurrencies continue to grow and 2019 is promising to be an exciting year in terms of the development of the cryptocurrency. Following are some of the development of cryptocurrencies that the last has witnessed:
Bitcoin (BTC): Bitcoin is setting itself up for an interesting year because of its increasing transaction speed and scalability. It has the potential to launch the entire market. The usability of it leads to increase transaction fees and a stronger edge to the competition. Bitcoin developers respond by rolling out the Lightning Network that allows transactions to occur separately from Bitcoin's main blockchain.
Ripple: Ripple software is capable of handling transactions thousands of times faster than other payment gateways. It can consistently handle 1500 transactions per second. Ripple is focusing on acquiring partnerships with global banks to increase liquidity and low transaction fees.
Ethereum (ETH): Ethereum is capable of responding proactively to the scalability issues. Since multiple cryptocurrencies are battling for the top spot, Ethereum needs to make a solution for its issues to maintain in one of the top places.
Bitcoin cash(BCH): Bitcoin cash updated its website with the roadmap that is divided into three sections as scaling, usability, and extensibility. The design requires upgrades to make the product better.
Steller: Steller is able to make developmental improvements and partnerships during bear markets that stand the best chance of survival. Steller is building partnerships with massive corporations to succeed in the next year.
Litecoin (LTC): Litecoin is referred to as the silver to Bitcoin's gold because of its productivity to store users' Bitcoin rather than use it for everyday transactions. Litecoin's goal is to come in a smaller denomination to be used more practical for everyday transactions.
Blockchain, the underlying technology behind the cryptocurrencies has spread in the digital currency industry. And the coming years will be able to see many applications of cryptocurrencies.