I believe two major things crypto needs now are mass adoption and institution of reputation (in order to minimize the damage from scammers).
Bitcoin and altcoins are working in the first one but the second point that you have raised here, is very important but difficult to achieve too. Due to the performance that bitcoin gave last year, it has attracted investors like bees. Same goes for the scammers. They know that people are getting interested into digital coins and started laying traps already. Scamming has become a pain in the neck now. 
Topic: What cryptocurrency needs most nowadays - page 3. (Read 616 times)
I believe two major things crypto needs now are mass adoption and institution of reputation (in order to minimize the damage from scammers).
What are major crypto currencies mate. There is nothing you have mentioned here bro, For mass adoption bitcoin and ethereuum are right so far. There are certain coins after these have few volume when compare with btc and eth coins.
If you are good at analyzing the project, no one able to scam you at all.
You need to the see the review for the website whatever it is and then only go with it. Blind belief will not work in the bitcoin investment or projects.
Cryptocurrency needs proper identity verification
It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.
how did you say that?identity verifications wasnt need this and its against the law of cryptocurrency,were here because of privacy,this anonymity is why the investors attracted to be here because they are tired of banking system.and now youre telling us to have identity verification It's the most common thing needed it's the main reason that is stopping CRYPTO to enter real world.
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges 
but no worry we have great dex OAX developing
There have been many previous attempts to make decentralized exchanges but the ideas were great and they also got the funding the exchanges also launched, but those exchanges didn't got much attention, so trading wasn't possible on those exchanges as there were sellers present there but the exchanges lacked buyers as most of the people are happy with centralized exchanges like bittrex, Poloniex, kraken etc. But I wish good luck to the project in the crowdsale and I hope the project is a success as decentralized exchange is the need of the hour as a lot of exchanges are being hacked due to someone else's errors and we are losing our money in the process. but no worry we have great dex OAX developing
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges but no worry we have great dex OAX developing
True, the coin needs decentralised exchanges but the coins also need acceptance. As currently the coins are getting banned from some major countries like China, Nepal, India; it has a major impact on the coin's market capital. Also, ban on bitcoin affects other coins as well because it is the pioneer of all the cryptos. Ban also makes the transactions illegal. but no worry we have great dex OAX developingIt prevents the coins from achieving their major goal, that is a digital cashless society.
There are many things needed to manage well nowadays in this fast running world and few of them are like Decentralized exchanges which I see a major need int his cryptocurrency market because there are only a few big exchanges like Bittrex, Binance which i think feels like are having heavy loaded servers and it needs to manage well with caution and care.Apart from these i also think there is lack of knowledge about cryptocurrency and it needs to be solved soon timely.
I believe two major things crypto needs now are mass adoption and institution of reputation (in order to minimize the damage from scammers).
What crypto desperately needs right now is credibility!
The huge number of ICO scams delivered a massive blow to the already feeble reputation of the entire crypto market.
Decentralized exchanges are a nice idea, but first we must find some kind of compliance mechanism that will prevent all those shit coins from entering the market and scamming a lot of people.
The huge number of ICO scams delivered a massive blow to the already feeble reputation of the entire crypto market.
Decentralized exchanges are a nice idea, but first we must find some kind of compliance mechanism that will prevent all those shit coins from entering the market and scamming a lot of people.
There are already some decentralized exchanges, but they aren't popular at this moment, maybe because they are young yet or because people are very confortable with their operations at centralized exchanges. I think it's upon to each one to choose what is better for them, a centralized or decentralized platform. The important is to have different options to choose and to try. I believe what Crypto-Currency needs the most is to continue being developed technologically.
Decentralization makes this possible not only for an exchange, but for anyone who manages to accumulate such amounts of the total supply. The pure decentralization is an utopia. Decentralization can be the perfect tool to achieve the centralization by some individuals.
That is absolutely fine. Yes decentralization is the best tool to check out the centralization power of an individual. Crypto currencies are decentralized and this is considered as best characteristics for them to be handled by some miners who are remotely controlling them. Centralization have so many problems but this decentralization have covered most of them for us. We are talking about decentralization but there’s a problem that prevents us from a pure decentralization. What is it? Exchanges!
Only Bitfinex hold 1% of the Bitcoin’s supply which is way too much, instead of decentralization we see a centralization over here.
Only Bitfinex hold 1% of the Bitcoin’s supply which is way too much, instead of decentralization we see a centralization over here.
Decentralization makes this possible not only for an exchange, but for anyone who manages to accumulate such amounts of the total supply. The pure decentralization is an utopia. Decentralization can be the perfect tool to achieve the centralization by some individuals.
Do you like governments getting involved with blockchain? Could be good for blockchain to become more legit, but we know governments are also very good at messing things up sometimes...
https://coincodex.com/article/1514/22-european-countries-form-blockchain-partnership/
https://coincodex.com/article/1514/22-european-countries-form-blockchain-partnership/
Maybe more advertisement so we will have more retailers that will accept Bitcoin. Hope it will reach on public transport here in the Philippines and accept Bitcoin for transportation. By doing that it will lessen who carry fiat in the streets and it lower the robbery crimes in the streets here. Just a thought.
I think cryptocurrency needs to be accepted as a real currency on a governmental level
Most cryptocurrencies just need good support and loyal investors for the projects to grow. If there is no support then the coin dies because then it no longer has any value if no one is buying it.
If indeed it's more well responded till being supported, surely whatever anything shortcomings on it., it will be assisted or more supported by certain people or certain parties. And well for me this point is related to the acceptance of crypto in various countries governments till can be able to direct it on the things that are more of a build up over its development from time to time.
This is good but the hackers and scammers are taking the advantages of the decentralization nature of cryptocurrrencies and they are using it to commit crime. A centralized system always helps in resolved most of the issues since some of them has started using kyc.
Yes, centralization of exchanges is a huge problem for bitcoin right now.
I have no idea how decentralization of exchanges can occur effectively without the same fate as current decentralized exchanges which essentially have close to 0 volume, and very limited trading pairs(usually limited to native tokens, etc.). But as regulations tighten, either decentralized exchanges or P2P trading will start gaining relevance as centralized exchanges just don't work anymore with these tightened regulations.
But that's not the only thing BTC needs. I think what we should really see and need right now is a growth in the amount of merchants accepting bitcoin, so that BTC is not considered as just a speculative token.
I have no idea how decentralization of exchanges can occur effectively without the same fate as current decentralized exchanges which essentially have close to 0 volume, and very limited trading pairs(usually limited to native tokens, etc.). But as regulations tighten, either decentralized exchanges or P2P trading will start gaining relevance as centralized exchanges just don't work anymore with these tightened regulations.
But that's not the only thing BTC needs. I think what we should really see and need right now is a growth in the amount of merchants accepting bitcoin, so that BTC is not considered as just a speculative token.
There are already some decentralized exchanges, but they aren't popular at this moment, maybe because they are young yet or because people are very confortable with their operations at centralized exchanges. I think it's upon to each one to choose what is better for them, a centralized or decentralized platform. The important is to have different options to choose and to try. I believe what Crypto-Currency needs the most is to continue being developed technologically.
Decentralization makes this possible not only for an exchange, but for anyone who manages to accumulate such amounts of the total supply. The pure decentralization is an utopia. Decentralization can be the perfect tool to achieve the centralization by some individuals.
We are talking about decentralization but there’s a problem that prevents us from a pure decentralization. What is it? Exchanges!
Only Bitfinex hold 1% of the Bitcoin’s supply which is way too much, instead of decentralization we see a centralization over here.
Only Bitfinex hold 1% of the Bitcoin’s supply which is way too much, instead of decentralization we see a centralization over here.
Decentralization makes this possible not only for an exchange, but for anyone who manages to accumulate such amounts of the total supply. The pure decentralization is an utopia. Decentralization can be the perfect tool to achieve the centralization by some individuals.
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges but no worry we have great dex OAX developing
but no worry we have great dex OAX developingNo, we don't need exchanges, centralized or decentralized.
If we're going to really move to a cryptocurrency we must start using cryptos directly.
Right now exchanges have gone far from what they were supposed to be and ended up as a stock market where everything is priced in fiat.
We only need places where people that haven't yet bought coins can buy them, and A LOT of places where people can spend their coins without having to sell them for fiat before.
I definitely agree that we need all that, places where people can spend their coins directly, merchants accepting crypto without looking for payment processors, etc. But how are we going to get there? Bitcoin has been widely known for at least 5 years, since the Mt.Gox times. And did we get any further from there? You can't force Bitcoin's use in the economy. With that said, truly decentralized exchanges or rather wallets which provide the decentralized exchange features may be a small step in the right direction, which we should make quite a few till we get where we want to be.
It’s a fact that there is a long road ahead and many problems to be fixed. Nevertheless, there are a lot of experienced people who are working hard to solve them and come up with new innovative upgrades.
In 2017, cryptocurrency exchanges saw a flood of new users some even struggled with the large volumes of incoming adopters. Currently there are a lot of projects that are developing “decentralized exchanges”. The concept behind them is a software that users can use to trade cryptocurrencies with one another, without the need for a central entity.
In 2017, cryptocurrency exchanges saw a flood of new users some even struggled with the large volumes of incoming adopters. Currently there are a lot of projects that are developing “decentralized exchanges”. The concept behind them is a software that users can use to trade cryptocurrencies with one another, without the need for a central entity.
Decentralized exchanges are the ones needed most, we are trading decentralized coins in centralized exchanges but no worry we have great dex OAX developing
Decentralized exchanges and anonymity coins are at the top of my list when it comes to what we need right now, anonymity coins are needed because even if bitcoin is great we need a way to transact money online without everyone finding out in what we spend our coins and decentralized exchanges are needed as well since I want to be able to buy other coins without having to rely on a centralized exchange that asks for all kind of information that I do not want to give to them. but no worry we have great dex OAX developingJump to: