It’s time to kill the king.

As the primary trading pair of the entire conglomerate of cryptocurrency assets, Bitcoin’s been deemed the ‘Digital Gold’ of distributed ledger technology. Unlike traditional assets like Fiat and Stocks, the value of cryptocurrency is not backed by faith in any single government or company, but rather the faith that cryptography can be used to implement a secure and reliable means of transaction. This ideology represents a shift from faith in people to a faith in mathematics; the freedom to transact with strangers anywhere in the world without relying on any type of third party, a system that is unbreachable by counterfeit wealth, and an immutable history of every transaction to have ever occurred.

Unfortunately, like most other cryptocurrencies, it’s just not able to scale.

Take a look at the graphs below showing the logarithmic growth of the time it takes the Bitcoin network to process transactions, and the average cost of those transactions over the years.