Flippening
The Flippening is an expected change in the economics of cryptocurrency where the values of altcoins would no longer primarily based on the value of Bitcoin.[1] It would mark the end of the absolute dominance and special status, in the form of market cap and brand awareness, that Bitcoin has had in cryptocurrency markets ever since its inception in 2009.[2]
Most altcoin standards have some technical advantages over the older Bitcoin protocol, like being more scalable and offering faster and cheaper transactions. Some altcoins use newer generation blockchains with added features like smart contracts, while others forego blockchains altogether, and rely on alternative technologies.
See also[edit]
References[edit]
- ↑ Buntinx, JP (March 18, 2017). "What Is the Flippening?". The Merkle. Retrieved May 29, 2018.
- ↑ Oberhaus, Daniel (June 13, 2017). "Bitcoiners Are Freaking Out Over 'The Flippening'". Motherboard. Retrieved May 29, 2017.
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