Breaking News: BTC just lost to an ERC-20 token in a Recent Poll — What This Means for all ERC-20 tokens?

In our previous post, we announced the winner of our recent poll for the next payment method to be accepted on MegaXstore.

The recent poll results might be shocking for some (CAS winning BTC & LTC), but beyond the shock factor, there might be a lesson to be learnt here.

Bitcoin has traditionally been hailed the king of cryptocurrencies and the identity of its founder Satoshi Nakamoto has long been the topic of debate for many crypto enthusiast.

How is it then that Bitcoin would lose to a relatively new token called Cashaa (CAS) and what does that mean for ERC-20 tokens?

Well, if you are immersed in the Bitcoin world, this would probably seems like heresy but if you looked at the entire cryptocurrency market as a whole, you would recognise the number of competitors and imitators Bitcoin has and that it is entirely possible and even probable that a better version would grow alongside Bitcoin and eventually exceed it.

How an ERC-20 token won, in our opinion, would be the strong community support as shown from the poll results. An active community works well together, provides leadership, direction, marketing, and product management, thus, giving a reason to exist and grow as they carve out their niches.

So, to all ERC-20 tokens out there: In the crazy world of crypto, many things are hard to explain but one thing is for sure — Bitcoin’s future as the king of cryptocurrencies is definitely in question.