Bitcoin and many major altcoins of today have already experienced much growth since they were introduced a few years ago. These coins have inevitably benefitted from having a first-mover advantage, however since then, technology and our understanding of cryptocurrencies have improved. Regardless of industry or practice, the first-mover very rarely becomes the dominant player in a certain field after an extended period of time. This same logic will become true of cryptocurrencies over the next few years as bitcoin’s first-mover advantage looses its lustre compared to the sheer brilliance of the innovations that are happening in the altcoin market.
So far in 2014, we’ve seen some phenomenal altcoin launches, most notably beingMintcoin, Aircoin & Heavycoin. Each one of these altcoins brilliantly addresses a specific issue that is commonplace to cryptocurrencies today.