Some would suspect that Ethereum has the same sluggish network issues as Bitcoin. However, Ethereum was developed for the processing of blockchain applications in currencies and non-currencies, while Bitcoin is strictly limited to pure currency applications.
In October 2017, around 200 organizations from the Enterprise Ethereum Alliance around the world tested a version of the Ethereum Blockchain network in a variety of industries and sectors. This network could be crucial for monitoring supply chains, accelerating energy trading platforms, creating digital badges and much more.
What makes Ethereum so exciting is, in addition to the wealth of partnerships, the smart contracts – protocols that review, facilitate or enforce contracts. Smart contracts are fully customizable, meaning they can be complex or simple, depending on the needs of the company. This customization, transparency and commitment of digital contracts make them the perfect choice for global businesses. Strangely Ethereum isn’t often named when it comes to investment options, as you can see here.
If there is a cryptocurrency that could really impress investors, it’s nano. The Nano Blockchain, which can handle up to 7,000 transactions per second, is virtually untouchable because of its sheer speed. Assuming developers are developing an even better infrastructure, Nano’s processing speeds could be even higher and one day compete with payment processors like Visa.
The secret of Nanos Blockchain is its block lattice structure. Rather than having a central blockchain that requires community consensus to handle transactions and make changes, each user has control over his own blockchain. Without a large consensus, transactions can be handled exceptionally fast.
Vielleicht ist die einzige Besonderheit der Nano-Blockchain, dass jede Transaktion den doppelten Aufwand erfordert. Anstatt eine Zahlung als Einzeltransaktion abzuwickeln, bedeutet die Tatsache, dass jeder Nutzer eine separate Blockchain hat, dass er Geld von einem Konto entfernen muss, um es dann vom Empfänger des Geldes akzeptieren zu lassen. Es ist zwar etwas mühsam, doch diese Verarbeitungsgeschwindigkeiten sind äußerst vielversprechend.
Qtum continues the trend of crypto currencies through the use of smart contracts. The China-based company takes the best aspects of the Bitcoin and Ethereum infrastructure (including smart contracts) and leads them into a unique network.
The reason why Qtum is more promising than Bitcoin is the recent partnership with major Chinese companies. In January, Qtum announced the partnership with 360 Finance, a subsidiary of Qihoo 360, the company behind China’s third-largest search engine for market share. 360 Finance, Qtum and BTN Foundation plan to work together to develop next-generation blockchain solutions.
Just one day after announcing the partnership with 360 Finance, Qtum has partnered with Baofeng Bokocloud. Baofeng is the name behind a popular streaming and video service in China with over 200 million active users. While Baofeng plans to use Qtum’s blockchain to support copyright protection for artists, Baofeng has agreed to add over 50,000 nodes on its Bokocloud service. This would allow Qtum to build a network that overshadows Bitcoin.
Another cryptocurrency to keep an eye on is Stellar with his Lumen Token (XLM). Stellar, like Ethereum, uses intelligent contracts on its blockchain, allowing companies to tailor blockchain networks to their needs. And like Ethereum, Stellar is also able to offer its blockchain services in both currency and non-currency applications. According to Stellar, transactions are usually settled within two to five seconds.
Stellar first gained prominence in October 2017 when IBM (WKN: 851399) chose KlickEx for its South Pacific Blockchain project. IBM is testing Blockchain at 12 major South Pacific banks, but uses Stellar’s lumen as an intermediate currency, much as Ripples XRP is used as an intermediary in its MoneyGram partnership. It is expected that IBM’s Blockchain will process these cross-border payments much faster than under the current banking system.
In addition, in 2016, ICICI Bank in India piloted a project to handle transactions via Stellar’s Blockchain. Considering how many people in India do not have access to banking services, Blockchain could do a lot of good here and be a true game changer. Stellar seems to have what it takes to outperform Bitcoin.