If the latest proposal fails to gain traction and the deadlock continues, digital currency users may dump bitcoin in favor of alt-coins that offer better blockchains. Rival Digital CurrenciesAs the surge sends the cryptocurrency world into a frenzy, it can be easy to lose sight of the bigger picture. Bitcoin dominated about half of the overall digital currency market as of Friday, down from around 85% in February, according to data from CoinMarketCap.com. Some token fans aren’t sweating it though, as they say bitcoin’s potential demise doesn’t really matter as long as another digital currency takes hold. "Aside from the conservative regulatory attitudes toward financial innovations, the constraint of confidentiality and performance of blockchain technology would make it best positioned to be enterprise-oriented rather than consumer-end."

Source: The Edge Markets May 30, 2017 03:56 UTC