Is There Room For Another CryptoCurrency?
On Wednesday, the introduction of LEOCoin made waves as many
wondered if it would have enough momentum to compete with the most popular
cryptocurrency in the world, bitcoin.
The digital currency space has several different
competitors, called “altcoins,” but none have made as much of an impact of the UK ’s Learning
Enterprises Organization’s LEOCoin.
What’s The Big Deal?
LEOCoin’s unveiling was a game-changer for many
cryptocurrency enthusiasts as the company launching the altcoin claims it
already has enough support to make it the second largest cryptocurrency in the
world after bitcoin.
The Learning Enterprise Organization provides executive
education services that span a wide range of industries and the firm says its
rolodex of customers provided a great springboard for LEOCoin.
Set to debut on April 2, LEOCoin is rumored to have 131,176
businesses already on board with using it.
What’s The Difference?
LEOCoin co-founder Dan Anderson says his cryptocurrency is
based on newer technology than that which powers bitcoin.
The advantage to using LEOCoin, Anderson claims, is the currency’s ability to
facilitate real-time transactions without any commission fees. He expects that
bitcoin and LEOCoin will lead the digital currency market together in the
coming years.
What Does Bitcoin Have To Say?
Some bitcoin enthusiasts believe that there are already too
many altcoins on the market and say LEOCoin is just adding to the white noise
in the cryptocurrency space.
However, others believe that LEOCoin’s introduction will be
beneficial to the digital currency industry as a whole since its introduction
could help push mainstream adoption.
Let’s Be The Part Of Largest CryptoCurrency
