Bitcoin is huge. The price is big, the fees are inaccessible and the market cap is huge. Though, despite these factors, it’s still important. Bitcoin is revolutionised the way we view money. And there are some great benefits to using cryptocurrencies, like Bitcoin.
However, there are situations where Bitcoin isn’t that great. After all, who wants to pay Bitcoin fees when they’re ordering a coffee? And, who wants to wait for confirmations when they’re looking to buy a movie ticket?
There are many things that Bitcoin is blocked from fulfilling. For the above reasons, we’ve listed out the fastest Bitcoin alternatives that you need to know.
Fast Bitcoin alternatives
- Cheap to buy
- Pretty much free
- Near-instant transactions
Nano uses some pretty cool technology to make transactions really fast. And it has no fees. Really, Nano seems like the perfect alternative for sending money. It’s completely decentralised and readily available on most cryptocurrency exchanges.
2. Stellar Lumens
- Very cheap
- Very low-cost transactions
- Very fast
Stellar Lumens shines bright in the crypto landscape. It’s been around for a long time and has some insanely fast transaction speeds. They’ve partnered with the likes of IBM and have products integrated into Microsoft’s Azure platform. Oh, and they’re also working with governments to build CBDCs (central-bank digital currencies); if Stellar is good enough for them, it’s good enough for you.
- Incredibly fast
- Free transactions
- Enables smart contracts
Tron is an interesting cryptocurrency. When it was released it was seen as this amazing decentralized blockchain project, but slowly it fell from its initial hype. While it’s founder is a little eccentric, and there’s a huge cult of Tron lovers, there is something truly undeniable about Tron. Tron is making some serious moves and has some serious technological benefits to it. After all, it is completely free to use, it’s really fast, AND it does pretty much everything Ethereum does.
- Very fast
- Runs on multiple networks (i.e. Tron)
- Pegged to the value of the US dollar
Tether has caused a few waves, but after recently being proved entirely legitimate, Tether is a brilliant cryptocurrency to transact in. It’s as fast as whatever network you send it on. And it mirrors the price of the US dollar. If you send Tether on the Tron network (easy to do) then you get fee-less transactions!
A public blockchain built by the University of Singapore. Incredibly fast. Designed to meet the needs of high-performance requiring, high-security enterprises and applications.
Another high-performance blockchain, built specifically for apps that’re required to scale. We’re talking large applications, the likes of DeFi applications, and whatever else is it to come in the future.
Incredibly fast, with almost instantaneous transaction times. Avalanche is similar to the likes of Ethereum; supports smart contracts, cross-chain interoperability, and can be used as a currency.
8. Ripple XRP
Designed for speed, and for macro-scale enterprises. Very fast, very robust, and is seeking out adoption by banks and money transference companies.