My love for the bitcoin network was short lived because as the valuation of the bitcoin currency continued to rise, so also the adoption and utilization of bitcoin. This rise in use brought about expensive transactions fee and delay in confirmation of transactions. In my opinion, at some point, it was even worse than the traditional finance and remittance system of the world... Then I tried out the Ethereum blockchain and I was immediately astonished by its durability and high transaction performance but likewise increased usage of the ethereum blockchain and its exceptional support for tokens brought about clogging and sad decline in performance as at then..
Then I had to reconsider using bitcoin for my transactions, especially with the lighting network.. Well the market has gradually began to show signs of an uptrend and it's expected that more users join the bitcoin network?Do you still see bitcoin as the future of blockchain payment and remittance or is it just a precursor to another blockchain startup which will shake the finance and remittance system of the world?
Feel free to share your thoughts and in-depth analysis of the subject matter..
Without a doubt, not only has Bitcoin made a great impact on you, it has also been a totally new economic experience for many of us who started in this world since 2017, just when the bullish bitcoin trend started, it was a pretty good year, considering that many projects were successful after taking advantage of the bullish trend phase, and its high price increase in the market, where the market was seen entirely in green.
Many businesses have come up with bitcoin, in fact it is still attractive how remittances can be made with the use of bitcoin, it is very good especially for countries that have deficiencies in their traditional economic system, especially those countries that suffer from economies with high inflation index.
For many it is still more profitable to work with bitcoin and send remittances through Western Union, other ways of sending money have also been looked for and changed to local currency through several platforms, in fact the development that has been presented thanks to Bitcoin has been impressive, and will continue to see much more in the short period of time, and as you mention, the bitcoin is having important moves, which makes many enter the market and start their adventure with the bitcoin and altcoins .