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Author Topic: 5G positive effects on Bitcoin  (Read 239 times)
Bravut (OP)
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March 01, 2024, 11:21:12 PM
 #21

(1, 2, 3)

It seems OP is misunderstanding the operating principles of bitcoin and 5G. Other members have fully pointed out your mistakes for you, but still want to return to the title and talk about the indirect influence from technological development.

The stronger the technological development, the more we benefit from the use of tools, in another aspect of economic development and technological development (the relationship exists). But in my understanding, it is the growth in the scale of user usage when exposed to information, has financial capacity,... like an invisible link that we benefit from the general development in society. But that's clearly not the way the OP is labeling network technology with bitcoin.

Alright.
I appreciate everyone contribution to this topic and your enlightenment. I have learnt a lot from you guys.

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March 01, 2024, 11:31:30 PM
 #22

5G doesn't have big effect on bitcoin technology i don't think there's correlation between them, it's the internet itself that becoming available all over the globe has the huge effect reaching more and more people to enter the space. 4G has the same thing, 5G is just faster nothing more nothing less.

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johnsaributua
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March 01, 2024, 11:46:12 PM
 #23

Maybe because the speed during daily internet activities is juxtaposed with 4G or bandwidth before that is faster in a day so that it is familiarized by this, sending bitcoin is not like sending a message or file with the help of a provider, meaning that as long as there is sufficient internet connection (not speed) and the block to be confirmed is not too dense it should be faster than the other way around. THIS blockchain masterpiece is called the transaction of the future, because the fee is taken from the cryptocurrency itself to encourage transactions until this node runs well. While any provider is only a liaison and supporter for tx. But if you have a 5G connection it is very good to support your needs, because device 5G around on my district me is not all evenly distributed, and still using the old phonecell.

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March 01, 2024, 11:52:45 PM
 #24

5G doesn't have big effect on bitcoin technology i don't think there's correlation between them, it's the internet itself that becoming available all over the globe has the huge effect reaching more and more people to enter the space. 4G has the same thing, 5G is just faster nothing more nothing less.

Makes sense. 5G is speedy, no doubt, but it doesn't shake up Bitcoin tech that much. The real game-changer for crypto is the internet going everywhere. Whether it's 4G or 5G, it's more about having the internet widely available that gets more folks into the crypto scene. Bitcoin does its thing on existing internet setups and while 5G adds some oomph, the key is making crypto accessible to everyone through good ol' internet expansion

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