Topic: How to take crypto mainstream? - page 2. (Read 170 times)
One thing about crypto is evolving technology; we are have new projects with higher transactions speed time; soon we would have our wallets has wrist watch that can be use to make payment in seconds anywhere in the world; this how crypto would go mainstream
There will be lot of time before crypto payments will become mainstream and many problems have to be solved because actually there is any blockchain that can support massive transfers like credit cards for numbers of transactions x second
Crypto payments still has a very long way to go before attaining mass adoption. Why? Because unlike fiat, there are thousands of cryptocurrencies out there and increasing daily.
While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This is a matter of choice and most of the merchants, companies and businesses have to choose the coins that are reliable and strong in the market. Just don't put any interest of accepting a coin that's only created to run an ICO. Main coins like bitcoin, eth, ltc and other reliable coins.While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This means, people will need to have multiple wallets, private keys to be fully decentralized and this still means they are subject to different form of threats in the form of hacks, DDOS attacks and more.
They have different wallets and networks but if you have a wallet that can hold most of the accepted coins that's better like Nano Ledger S or Trezor. Unlike the traditional banking systems which has a lot of safety nets against malicious attacks and the currencies are less volatile.
Are you sure? have you seen news that there are banks that has been hacked with millions of dollars?What is really the solution for taking Cryptocurrencies Mainstream.
It's heading there so don't think about it anymore.How can we bridge the huge gap between where we are and where we are going?
Support the tech and crypto itself.
I just say the cryptocurrency function is different from the fiat, and both have their advantages and disadvantages. The shortcomings of cryptocurrency can be that there is a saying is true, too much wallet should be made but have you ever thought cryptocurrency can be used as an international payment system, for instance you buy goods abroad and the company allows you to pay with cryptocurrency. In addition you can make cryptocurrency as a system to send money quickly to various countries. I am sure both functions are not owned by money fiat. So, what that's mean? cryptocurrency can be the second alternative after fiat. Money fiat is too strong to be overcome by cryptocurrency.
A huge amount of time will be required for that to happen. We need to solve many issues on the cryptocurrency platform for that to happen. Moreover, all classes of people needs to come in contact with technology for adoption of cryptocurrency.
Crypto payment is a very unique concept and its getting popular day by day. I don't find anything mainstream about it.
Crypto payments still has a very long way to go before attaining mass adoption. Why? Because unlike fiat, there are thousands of cryptocurrencies out there and increasing daily.
While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This means, people will need to have multiple wallets, private keys to be fully decentralized and this still means they are subject to different form of threats in the form of hacks, DDOS attacks and more. Unlike the traditional banking systems which has a lot of safety nets against malicious attacks and the currencies are less volatile.
What is really the solution for taking Cryptocurrencies Mainstream.
How can we bridge the huge gap between where we are and where we are going?
While a lot are ethereum based tokens, some have their designated blockchain and cannot be used for crosschained transactions.
This means, people will need to have multiple wallets, private keys to be fully decentralized and this still means they are subject to different form of threats in the form of hacks, DDOS attacks and more. Unlike the traditional banking systems which has a lot of safety nets against malicious attacks and the currencies are less volatile.
What is really the solution for taking Cryptocurrencies Mainstream.
How can we bridge the huge gap between where we are and where we are going?
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