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Bitcoin was a true pioneer when it was introduced, and that fact should always be respected. At the same time, being the first distributed currency to achieve mass adoption also meant running into some formidable roadblocks along the way.

Experts Weigh in on Regarding Which Cryptographic Currency Will Become the Default Option

Bitcoin might make the news most often, but there are hundreds of other cryptographic currencies that have followings of their own. With the Bitcoin network now showing its age in a variety of ways, many are interested in how certain alternatives might suit their needs better.

A recent report at cryptographic currency website Filthy Lucre looks at two of the most popular options at the present time. With both Stellar and Ripple standing out with regard to how they improve upon some well-known deficiencies of Bitcoin, there are many reasons to look into these contenders.

A Groundbreaking Currency with Some Real Flaws

Bitcoin was a true pioneer when it was introduced, and that fact should always be respected. At the same time, being the first distributed currency to achieve mass adoption also meant running into some formidable roadblocks along the way.

As a result, the Bitcoin network has since fallen short of many of the goals that drove uptake in the early days of the currency. Where fans once supposed Bitcoin could become the default payment option for billions worldwide, that no longer seems so realistic to many. Slow transaction speeds and relatively high costs have started to make Bitcoin seem more appropriate as a simple store of value, with actual, everyday commerce being better left to networks that are more suited to such activities.

Cryptographic Currencies Designed to Avoid Bitcoin's Flaws

Thankfully, there have been dozens of cryptographic currencies introduced in recent years that represent lessons learned from real world experience with Bitcoin. Among these, two known as Ripple and Stellar have started to seem like the most promising enablers of everyday payments to many observers.

An in-depth report at Filthy Lucre looks at how these cryptographic currencies not only outperform Bitcoin, but also how they compare to one another. With both networks being designed to prioritize speed and low transaction costs, it seems that plenty of future growth will be supported in either case.

Although each also has certain advantages over the other, what will likely matter the most will simply be how momentum builds in both cases. One of these two cryptographic currencies now seems almost destined to reach the mass market, but the question remains as to which