How ‘Football Goal Coin’ (FGC) could beat Bitcoin

How ‘Football Goal Coin’ (FGC) could beat Bitcoin

Building a better cryptocurrency than Bitcoin is a formidable task, given that Bitcoin has established itself as the most widely-known and widely-used cryptocurrency. A new cryptocurrency, however, might be able to surpass Bitcoin in some aspects by addressing some of its limitations. The following steps can be taken to build a better cryptocurrency than Bitcoin:

1 Scalability is an issue for Bitcoin, as the number of transactions has increased, resulting in longer wait times and higher fees. By using solutions such as sharding, off-chain transactions, or alternative consensus algorithms, you may be able to develop a better cryptocurrency.
2 The privacy and confidentiality of transactions are prioritised in many cryptocurrencies, unlike Bitcoin. In order to build a better cryptocurrency than Bitcoin, you need to use zero-knowledge proofs or other privacy-enhancing technologies to increase privacy and confidentiality.
3 Increase energy efficiency: Bitcoin mining is an energy-intensive process that verifies transactions and creates new bitcoins. In order to build a better cryptocurrency than Bitcoin, you need to reduce the energy consumption associated with mining, such as through proof-of-stake consensus algorithms.
4 New features and use cases: Bitcoin has proven to be a successful and innovative cryptocurrency, but there is always room for improvement. By offering new features and use cases, such as micropayments, smart contracts, or decentralised exchanges, you can build a better cryptocurrency than Bitcoin.
5 The success of any cryptocurrency depends on a strong and engaged community. You need a supportive and engaged community to build a better cryptocurrency than Bitcoin, one that contributes to its development and growth and is committed to its success.

Investing in these key areas will allow you to build a better cryptocurrency than Bitcoin and set a new standard for digital currencies. A deep understanding of the cryptocurrency landscape as well as the needs and demands of users will be crucial to success in this endeavour.

Here are the ways Football Goal Coin has overcome the above issues of Bitcoin.

1 Scalability = the FGC system is fully scalable and is designed not to encounter the same problem Bitcoin has done.
2 Privacy and Confidentiality of Transactions = When launched, the FGC system shall include an exchange and an escrow. The escrow will allow private transactions should the seller and buyer want to avoid transactions via the exchange.
3 Energy Efficiency = FGC is energy efficient and all mining and hosting of the blockchain can be conducted with mobile phones and personal computers respectively. Say goodbye to high mining costs and equipment.
4 New Features and Use Cases = The FGC Mining System is one of our unique selling points and we are sure once the core understanding is realised, there shall be a lot of hype. We are also looking to incorporate a lending platform (peer-2-peer) so users holding FGC can benefit financially.
5 Community = All of our social media channels are growing and we shall in the coming days engage in PR activities to help get our message out there.

With the above in mind. I am happy to be part of the Football Goal Coin project. I am positive that we have created a product which is truly marvellous.