Topic: IS 5G AN OPPORTUNITY FOR CRYPTO TO GO MAIN STREAM? (Read 582 times)
In order to make a change in the cryptocurrency system, you have to take a lot of things, not only the internet connection is essential, Yeah, it's true that with the help of great speed would make it easier and comfortable to use it, but in the context of service and facilities, I think it will be the same scenario because almost everything is invented already regarding this issue, but one thing could bring a good result towards this platform, regulation system is very essential to this present context, but how could it be possible within this system, as a non technical person I don't have any proper idea. but when you have a smooth internet service then you have also an opportunity to make a change in this system, That's is the only opportunity regarding 5G.
Fifth generation of 5G maybe best technology for bitcoin and give faster service when we access to bitcoin and altcoin wallet, with 5G we can use many exchange market to sell and buy bitcoin faster than from now using 4G, but I think bitcoin have adoption new way with technology to make bitcoin price will be better and higher, with adoption 5G technology bitcoin look easy and give many benefit for bitcoin investor to access with bitcoin and altcoin assets.
With 5G I think it would have a higher chance of adoption but not as high as people think it will be. It will make it easier but it can't make it go wide all of a sudden, I mean just because we have 5G won't mean we will have mass adoption. It would however make some sort of apps and internet connections of it easier which means if taken advantage of those could lead to mass adoption but we still have to do our parts in the deal.
Like when you go to a place that looks a bit techy or at least run by younger people, ask them if they accept bitcoins and if you could pay with bitcoins, they will most likely say no but at least you put the thought in their heads. That is the kind of stuff you need to do to increase the adoption, you can't just expect adoption to come to you.
Like when you go to a place that looks a bit techy or at least run by younger people, ask them if they accept bitcoins and if you could pay with bitcoins, they will most likely say no but at least you put the thought in their heads. That is the kind of stuff you need to do to increase the adoption, you can't just expect adoption to come to you.
I think I missed the point here and didn't really talk about the effects IOT would have on crypto, which would be immense and definetly could give us a world where crypto transactions are easy as cake.
IOT means that we'll be able to have connected devices and a lot of synchronisation, which is only possible if 5G becomes possible, correct? That's interesting, will have to look deeper!
IOT means that we'll be able to have connected devices and a lot of synchronisation, which is only possible if 5G becomes possible, correct? That's interesting, will have to look deeper!
Rather than focusing on main stream, 5G opportunity is more applicable and useful for the existing users. It'll give them the advantage to have faster internet compare to 3G and 4G. It can help to increase bitcoin's adoption but it wouldn't give much impact and contribution for bitcoin to go mainstream. Everyone who's capable adopt 5G but not everyone of them would also adopt bitcoin.
Really 5G should be a big help to smart contract platforms, so my answer would be that it is an opportunity for ETH and its competitors. 5G is a key enabler of IoT, and IoT means connected devices, means a multitude of electronic 'things' talking to one another. ETH (or something very similar) is the perfect mechanism to codify how object A should relate to object B. And if we do start to see crypto smart contracts being used in these situations, it does mark the start of a crypto use-case actually entering the real world. For me then, yes, 5G is an opportunity.
5G -> IoT -> Ethereum.
5G -> IoT -> Ethereum.
For cryptocurrencies to become effective and mass adopted, one major requirement is the availability of high-speed internet connection. 5G internet will be able to offer a fast internet connection to the cryptocurrency space as the next generation of mobile internet connectivity.
Where I'm at you struggle to get 3G quite a bit of the time. I don't expect 5G to ever work properly.
The IoT sounds fun but even on the primest of rail and road routes in the UK you still spend plenty of time without any signal, let alone the boonies. The whole telecoms industry will either have to smear signal across every nook and cranny, which isn't possible or affordable, or all of this miraculousness will only happen in a few towns and cities.
The IoT sounds fun but even on the primest of rail and road routes in the UK you still spend plenty of time without any signal, let alone the boonies. The whole telecoms industry will either have to smear signal across every nook and cranny, which isn't possible or affordable, or all of this miraculousness will only happen in a few towns and cities.
Strongest fastest internet is always good IT. 5G will fully support IOT and yes i think cryptocurrencies can be best way of payments on coming IOT
One thing is that we still need to wait about 3 years for 5G internet to be operative
One thing is that we still need to wait about 3 years for 5G internet to be operative
It is a big opportunity but there are only few countries still able to implement a much wider internet connection, some countries even said to be a 4G implemented zone still tends to have a low connection due to area signals. Though some is already 5G users in some country there is a news this first quarter that 5G and blockchain technology will be associated in these network there are problems at point, imagine the scalability or adoption of users that will use it and we know some blockchain projects are having interruption and problems in expansion. If it will be applied extensively they must be able to tolerate an extremely high number of transactions per second, and we know that this is the weak point of this blockchain technology. We will be happy to experience having fast internet plus the idea of having transactions using it with blockchain soon.
One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology. Rumored to start the new internet of things epoch! Knowing that there is a lot of crypto startups that are using blockchain for various interconnectivity applications and purposes, do you think this might be a good chance for crypto to go more mainstream implementing itself with the new opportunity for decentralized data storing and thus decentralized internet of things?
Not all technological advances are relevant to the development of BTC or adoption.
BTCs can already be transacted even with the worst of the worst connections, so I'm not sure how improving already good connections in 4G covered areas (which will primarily be where 5G will initially be rolled out) will help mainstream BTC adoption.
The improved bandwidth is simply not needed for the bitcoin network to be accessed, or thrive.
Advance nations have been using 5G for quite some time now and it doesn't really affect crypto in general. I think it will be a good gauge though for struggling countries to use this advance technology. I mean crypto will go mainstream if there are nations that are going to adopt it specially underdeveloped and developing countries. If we can see network infra improved a lot in the next 5 years, maybe just maybe we can see a slow adoption using this 5G in my opinion.
I see no one is talking about the implications of the 5G network the main issue with 5G will be densification. the band that 5G uses is actually used by the military the sub GHZ network has been used in battle field technology the issue with 5G is the amount of transmitters required in close location to people the 5G signals are very weak so to combat that they are installing 5G into every street-light in the UK right now this gives the a way to have phased array antennas that can actually map out there environment.
https://youtu.be/rUvb7tp4aFk
https://youtu.be/rUvb7tp4aFk
not sure why 5G should be an opportunity? there is now breakthrough. just some speed improvement
so basically quite a lot of users won't notice any difference with their current 4g network ( based on the nest of 5g network I saw in the NET)
so answering to your firsy question - no. 5G won't change anything
so basically quite a lot of users won't notice any difference with their current 4g network ( based on the nest of 5g network I saw in the NET)
so answering to your firsy question - no. 5G won't change anything
One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology. Rumored to start the new internet of things epoch! Knowing that there is a lot of crypto startups that are using blockchain for various interconnectivity applications and purposes, do you think this might be a good chance for crypto to go more mainstream implementing itself with the new opportunity for decentralized data storing and thus decentralized internet of things?
It's an opportunity for the internet to be more powerful in all industries.
Personally, 5G has been introduced in our country for about a few months to a year now, yet i still don't feel it's adoption (i even bought a 5G capable phone). So although not directly, i imagine crypto will be affected towards the better as well, in due time but not anytime soon.
I think the 5G will have affects much more than mobile that people are missing out. The PoS systems that every shop uses that allows them to accept credit card and debit card payments actually uses a cellular mobile phone card, which means their internet is as strong as the operator of that telecommunication company, when they move to 5G there would be a lot better connection and that means internet would be both faster and can be used in a lot further distances.
This is why I think PoS systems will be much more complicated, don't forget that whenever technology got better the requirements for stuff got better as well, back in the day ps2 had 8 mb memory and now ps4 requires 80 gb space to download a game, so when 5G happens everything will be better but there would be more stuff put into it and one of them could be crypto payments, well at least hopefully.
This is why I think PoS systems will be much more complicated, don't forget that whenever technology got better the requirements for stuff got better as well, back in the day ps2 had 8 mb memory and now ps4 requires 80 gb space to download a game, so when 5G happens everything will be better but there would be more stuff put into it and one of them could be crypto payments, well at least hopefully.
Crypto is already on mainstream, 5G network could bring advantages in the blockchain ecosystem specially in the internet of things. Having a fast network can speed processes for businesses just imagine doing internet task at lightning speed. This evolution of technology will play important role in our lives in making our jobs easier and efficient.
China have announce for opening Fifth Generation (5G) wireless network technology of internet, I think cryptocurrency have bigger effect with faster internet access where we can make transaction faster than we use 4G, now many country want to make Fifth Generation (5G) wireless network technology for getting best internet service.
Of course, has a greater effect on crypto. Talking of internet speed, it can benefit not cryptocurrency but many IOT's as well. A faster internet means a faster transaction verification, a convenient way of paying by digital assets online, such as bitcoin and the like. 5G technology can revolutionize the way we conduct transaction too imho.
In my country there are lots of area where internet is seldom available, there are also null spot of signal and internet connection because of lack of infrastructure to relay signals. Unless this problem is addressed, the same situation will happen whether 5g is implemented or not.
Not sure what country you're from, but social media platforms such as Facebook are looking to provide internet access to even the most remote places in the world, which won't only benefit themselves, but obviously crypto and the whole world economy. I'm looking forward to how this plays out because it has the potential to lift hundreds of millions of people out of poverty with some guidance.
https://www.wired.co.uk/article/google-project-loon-balloon-facebook-aquila-internet-africa
As for 5G being an opportunity for crypto, meh, not really. In some cases my smartphone shifts from 4G back to 3G without me actually noticing much of a difference. If 3G is working still fine for the most ordinary tasks, what is there to gain from 5G? In most cases people's hardware isn't even capable of fully utilizing the advantages 5G offers in terms of internet speed and latency.
China have announce for opening Fifth Generation (5G) wireless network technology of internet, I think cryptocurrency have bigger effect with faster internet access where we can make transaction faster than we use 4G, now many country want to make Fifth Generation (5G) wireless network technology for getting best internet service.
Of course, has a greater effect on crypto. Talking of internet speed, it can benefit not cryptocurrency but many IOT's as well. A faster internet means a faster transaction verification, a convenient way of paying by digital assets online, such as bitcoin and the like. 5G technology can revolutionize the way we conduct transaction too imho.
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