Topic: IS 5G AN OPPORTUNITY FOR CRYPTO TO GO MAIN STREAM? - page 2. (Read 582 times)
5G is for faster internet connection. It will help in so many internet-based applications but it will not help in the confirmation time of crypocurrency transactions. So, 5G is going to be useless if the network, for example Bitcoin network, is handling too much heavy traffic. In that case, it is the network and not the connection that has a problem. Even if you are using 5G if the transaction fee you are paying is the minimum, expect a slow processing. If you are using 2G and you are paying high transaction fee in your transaction, the processing will be swift. Add to this that confirmation layers vary in different wallets, some have 5 confirmations while other reach as high as 20.
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.
This will just benefit internet-dependent websites such as streaming services and whatnot, and not necessarily cryptocurrencies in general. Even in 3G/HSPA+ connections, cryptocurrencies still are doing quite well in basic functions of the said tech. Sending and receiving need not high speed access to the internet, just to be able to send and receive bytes of data is enough. If anything, 5G will be more useful in commerce, logistics and other aspects where high-speed file and information sharing is required constantly, and crypto does not really need that, currently.
One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology.
Actually there is no need for upcoming because it is already released and circulated in many state. For example the Samsung S10, One Plus 7 Pro, Huawei Mate X and many more has the feature of 5G.
do you think this might be a good chance for crypto to go more mainstream?
It has contributions in some ways but not “ more to mainstream”. If you compare the benefits of 5G to the previous version of course it is much faster in speed and capability and moreover the ability to connect with several numbers of devices.
Now what is the benefit of 5G to the crypto? It will increase the involvement of directly support blockchains and the reduction of intermittent transactions.
If you look at it, still it has contribution to the world of Crypto so we still are grateful for 5G.
2019 is going to an end but yet there are now 5g devices released on the market . there maybe one or two models that are speculated before but i dont hear any updates from them until today . i guess 2020 next year will be thier official released . 5G is helpful for those who cant afford a postpaid iinternet plans but want to experienced a really fast internet connection but i dont think that it can make a difference in terms of cryptos and blockchain unless if the phones are sponsored by them .
I would not call this a opportunity for crypto to go main stream. After all the 5g Technology will only help the speed of data transfers and its already implemented in some countries for months and more countries will follow but are we ready to enjoy the tech at its fullest ? There are a lot of protest on-going against 5g tech and it seems they won't stop anytime soon.
Maybe in some years they 5g tech will have some impact among cryptocurrencies and lets hope it will reflect on the prices too. I'm sure some projects already think to use the 5g tech to develop new techs in order to speed up the processes their using.
Maybe in some years they 5g tech will have some impact among cryptocurrencies and lets hope it will reflect on the prices too. I'm sure some projects already think to use the 5g tech to develop new techs in order to speed up the processes their using.
I don't think 5g has much of that impact for crypto opportunity. The reason why cryptocurrency is limited is not because of the speed of internet connection but rather the availability of access. 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.
Well, that's really good to hear. 5G connectivity is really a good help to earn more because we can no longer experience lagging or slow connection so there is a bigger chance to earn more from it and I feel so happy to hear about that 5G connectivity because that's the answer of God to a lot of people's prayer in order for them to be able to earn more profit.
OP topic ask the idea if 5G could be an opportunity for crypto to go mainstream and it doesn't discuss about earnings and connections speed! What profit are talking about with the arrival of 5G? I think 4G is more than enough to augment your so called "profits" or what ever that is. I bet you didn't read what OP has stated!
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?
I don't think so? because they are different states. 5G is about our internet connectivity while cryptocurrency is virtual money or currency that can be found on the internet. Also if we want to go mainstream it should be advertised in many tv networks, also if the government will allow legalizing bitcoin it is the thing that we needed. 5G network doesn't affect bitcoin, it is just connectivity.Why would i need advertising? most of the current start ups using block chain tech, no matter if it is bitcoins or ether or any other. Are doing in a way that people who uses their products (quality control, supplement management, transaction verification) may not be even aware it had block-chain tech behind it. But it still creates a demand for the use cases. I doubt not a lot of people knows how the bank transactions work, what data bases or data protection standards or architectures they use. But they are using them everyday
5G basically allows even faster Internet connection for mobile devices. Now, ask yourself, are people not adopting cryptocurrency because their Internet is slow? The answer is no, that thing isn't very relevant for most users, because they use light wallets, and almost no one runs full nodes on mobile devices connected to mobile networks.
IoT has a ton of problems with security, and no clear benefits - why would people want their tosters connected to the Internet? Just because they can? Just like with blockchain, there are no technological limitations that stop it from being adopted today, and yet it doesn't happen, because the technology itself is weak.
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?
IoT has a ton of problems with security, and no clear benefits - why would people want their tosters connected to the Internet? Just because they can? Just like with blockchain, there are no technological limitations that stop it from being adopted today, and yet it doesn't happen, because the technology itself is weak.
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?
For sure it will mean a lot. But it will take some time that will be build enough to matter. I read about it few weeks ago and i barely started in few cities beside South Korea that have most users. In 2-5 years time we should already see its impact.
Well, that's really good to hear. 5G connectivity is really a good help to earn more because we can no longer experience lagging or slow connection so there is a bigger chance to earn more from it and I feel so happy to hear about that 5G connectivity because that's the answer of God to a lot of people's prayer in order for them to be able to earn more profit.
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?
I don't think so? because they are different states. 5G is about our internet connectivity while cryptocurrency is virtual money or currency that can be found on the internet. Also if we want to go mainstream it should be advertised in many tv networks, also if the government will allow legalizing bitcoin it is the thing that we needed. 5G network doesn't affect bitcoin, it is just connectivity.
I think cryptocurrency has nothing to do with internet speed, that I know is cryptocurrency closely related to blockchain.
so even if the internet speed more faster with 5G it won't have much impact with cryptocurrencies in any matter.
because cryptocurrency transactions do not require high speed internet and large bandwidth. but enough with a stable network.
so even if the internet speed more faster with 5G it won't have much impact with cryptocurrencies in any matter.
because cryptocurrency transactions do not require high speed internet and large bandwidth. but enough with a stable network.
Even though 5G promises faster internet and unveils new technologies in communication but that's just where it ends. As it stands now it has little to no impact in crypto. Faster internet speed doesn't translate to faster Bitcoin transfers and the rest of it. Blockchain speeds will still be at what they use to be regardless of 5G.
5G network will enrich the internet speed and the give ease in accessing. Through this more remote locations will get access to faster internet. As cryptocurrency is much connected with the internet, we might see some increase in the usage of cryptocurrency. This does not gonna make cryptocurrency go mainstream. To go mainstream it needs to get used for years, because it hasn't attained the similarity as the fiat.
Anways, what's the connect of crypto adaptation from 5G network? Just a faster internet speed. I don't think crypto will benefited much with that. Acceptance by government and people to become open minded in crypto will do. Imo, even without going too much in mainstream, crypto will become more popular as time pass by. Look on how far crypto have reached right now even with struggles. We've reached the price where in we didn't know that we will come to it before.
I'm not sure how 5G technology would make blockchain technology better or more mainstream, the technology provides better and faster network connections from my understanding of it, which I guess could help the BTC networks? Not completely sure in the current state.
I think the arrival of 5G wireless technology will not make a big impact on crypto adoption to go mainstream! The fact that its most notable improvement is an increase in speed only and has minimal influence on current blockchain technology innovations right now!
Perhaps, one way of achieving mainstream adoption of cryptocurrencies is to educate people about it and demonstrate its benefits, ease of use, exhibit a sense of its security so that they maybe enticed to try it out and ultimately adopt it, which could be achieved even without considering the need for 5G technology at least for now.
Problem is though, BTC doesn't require a fast network connection, it just needs more merchants accepting the coin right now, and 5G doesn't really help that all.Perhaps, one way of achieving mainstream adoption of cryptocurrencies is to educate people about it and demonstrate its benefits, ease of use, exhibit a sense of its security so that they maybe enticed to try it out and ultimately adopt it, which could be achieved even without considering the need for 5G technology at least for now.
Indeed! That is my point of view! I believe there has been a steady rise of crypto adoption over the years even before 5G has arrived and a faster wireless connection speed it offers won't even have a big impact on crypto mass adoption!
Perhaps we can say that this technology is somewhat negligible in its influence in contributing crypto mass adoption and I would rather believe that providing total internet access to rural and remote areas regardless of the kind of internet technology used be it 4G or 5G, etc., will definitely have a great impact on achieving crypto mass adoption. Imho.
One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology.
The fifth generation technology will change many concepts and the speed of internet will change drastically and we could have many changes in our day to day affairs but the biggest negative point is that none of the hardware we are using right now will not support (5G) wireless network technology. For (5G) wireless network technology to go mainstream you need to have the hardware and until that you do not see any major adoption with it.
The only benefit to 5G is the speed which makes mobiles as good as laptops.
But without the infrastructure that allows crypto to actually take advantage of this (payment gateways, retailers accepting crypto and so on), it doesn't benefit cryptocurrency at all.
I think bitcoin has wasted a lot of time on the lightning network when they should have been spending the time getting other infrastructure in place.
But without the infrastructure that allows crypto to actually take advantage of this (payment gateways, retailers accepting crypto and so on), it doesn't benefit cryptocurrency at all.
I think bitcoin has wasted a lot of time on the lightning network when they should have been spending the time getting other infrastructure in place.
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