It isn’t even the best option among financial networks (3/10)


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Bitcoin's network has been touted as a game changer for financial payments. Rather than using traditional banking networks and waiting up to one week for payment to be validated and settled, Bitcoin can do so in an average of 10 minutes. 

However, Bitcoin's usage is strictly limited to the payments side of the equation, and it's not even the best network at what it does in the financial space. Stellar (CRYPTO:XLM) can settle validate and settle financial transactions in mere seconds with its Lumens coin. Meanwhile, Ethereum (CRYPTO:ETH) provides nonfinancial blockchain applications with the addition of smart contracts -- commands that are executable once all predetermined conditions are met. Once again, Bitcoin may have first-mover advantage, but it's not the most innovative or functional kid on the block by a long shot.


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