Bitcoin Forum
January 22, 2019, 01:57:31 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Are cryptocurrencies ready for mainstream adoption?  (Read 205 times)
coinmonks
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
April 09, 2018, 02:18:45 PM
 #1

There has been much talk about the ‘potential’ for cryptocurrencies and how they could be used by adopting blockchain into actual real-word utilities so that the masses can use them. The question is are they actually ready for this at mass scale? And on the other side of the coin, are the general public ready to adapt this technology and use it at mass scale? My honest answer for both is not yet, but they will be.

When we look under the hood of most of the cryptocurrencies, they are very much in their infancy stages. The whole crypto market has only been around since 2008(2009) and for most of that time it was only Bitcoin! Let’s take Bitcoin in its current state. It can carry out on average 5 transactions per second. Visa can handle 24,000 transactions per second. That shows you the current gap that has to be matched.

read full article - https://medium.com/coinmonks/are-cryptocurrencies-ready-for-mainstream-adoption-f6e868119abb


PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1548165451
Hero Member
*
Offline Offline

Posts: 1548165451

View Profile Personal Message (Offline)

Ignore
1548165451
Reply with quote  #2

1548165451
Report to moderator
1548165451
Hero Member
*
Offline Offline

Posts: 1548165451

View Profile Personal Message (Offline)

Ignore
1548165451
Reply with quote  #2

1548165451
Report to moderator
1548165451
Hero Member
*
Offline Offline

Posts: 1548165451

View Profile Personal Message (Offline)

Ignore
1548165451
Reply with quote  #2

1548165451
Report to moderator
warrior333
Sr. Member
****
Offline Offline

Activity: 406
Merit: 253


View Profile
April 09, 2018, 02:33:30 PM
 #2

The solution to this problem rests on the resistance of the miners. They deliberately block developers ' attempts to increase the block size. For them, profit is more important than the fate of bitcoin. But maybe they are right and the market will put everything in its place.
Kprawn
Legendary
*
Offline Offline

Activity: 1694
Merit: 1052


View Profile
April 09, 2018, 02:41:54 PM
Merited by Mometaskers (1)
 #3

Bitcoin without the Lightning Network might not be ready for mainstream adoption, but with the Lightning Network it is a

whole other story. You have to consider that the majority of the micro transactions will be done off-chain with the Lightning

Network, so you are dealing with a whole other kind of scaling. Just give it time, we are almost there.  Grin

Signature space for Hire :->
DooMAD
Legendary
*
Offline Offline

Activity: 1862
Merit: 1221


Leave no FUD unchallenged


View Profile WWW
April 09, 2018, 02:59:16 PM
Last edit: April 09, 2018, 03:21:10 PM by DooMAD
Merited by Mometaskers (1)
 #4

I think it cuts both ways.  Cryptocurrencies aren't quite ready for the average person and the average person definitely isn't ready for cryptocurrencies.  People generally need to rediscover what personal responsibility is.  It's a life skill many appear to have lost whilst allowing authoritarian governments to tell them how to think and behave.  Some will find the transition easier than others, but in most cases people need to be un-taught all the indoctrination they've absorbed about how money supposedly works.  

It's still a widely accepted notion out there in the world that what we're doing is apparently dangerous or misguided, but what banks and governments do is somehow fiscally responsible.   Roll Eyes

Seems all kinds of backwards to me, but that's genuinely how the general populace of the world perceive it.  A few more big banks collapsing, nation states approaching hyperinflation and the increasing escalation of the global financial crisis should wake people up faster, though.  Change usually happens when people feel it needs to.  All we can hope for is that rather than taking the form of a violent uprising and mass riots (which, knowing human nature, is certainly a possibility), it will just be regular people adopting crypto and saying a peaceful goodbye to the traditional monetary system that failed them so dismally.  

If "necessity is the mother of invention", then it must also be the grandmother of mass adoption.   Cheesy

Xester
Hero Member
*****
Offline Offline

Activity: 994
Merit: 543



View Profile
April 09, 2018, 03:04:13 PM
 #5

There has been much talk about the ‘potential’ for cryptocurrencies and how they could be used by adopting blockchain into actual real-word utilities so that the masses can use them. The question is are they actually ready for this at mass scale? And on the other side of the coin, are the general public ready to adapt this technology and use it at mass scale? My honest answer for both is not yet, but they will be.

When we look under the hood of most of the cryptocurrencies, they are very much in their infancy stages. The whole crypto market has only been around since 2008(2009) and for most of that time it was only Bitcoin! Let’s take Bitcoin in its current state. It can carry out on average 5 transactions per second. Visa can handle 24,000 transactions per second. That shows you the current gap that has to be matched.

read full article - https://medium.com/coinmonks/are-cryptocurrencies-ready-for-mainstream-adoption-f6e868119abb




The cryptocurrencies are already ready for mainstream adoption but the problem is that the public is not yet ready. The reason is that is people are too used on using fiat currency and it they are doubtful to accept cryptocurrencies since it is volatile and may cause them to lose profit. Also in the world especially third world countries there are many people who have no mobile phones, no computers, no access to internet and no food to eat. Also majority of the population have no food to eat thus I can say that the world is not yet ready for cryptocurrency mass scale adoption.
Ging
Sr. Member
****
Offline Offline

Activity: 490
Merit: 251



View Profile
April 09, 2018, 03:07:02 PM
 #6

i think not but they soon will be especially with the increasing demand for blockchain technology.

▄███████████████████▄
████████████████████▀
██████████████████▀
█████████████▀  ▀   ▄█
███████████▀   ▄  ▄███
████▀▀███▀   ▄████████
██▀    ▀   ▄██████████
    ▄   ▄████████████
   ▄███▄████▀██▀▀█▀█▀█
 ▄██████████ █ ███ █ █
▀███████████▄█▄▄▄█▄▄█▀
   ▐███▀
   ▐█▀
iCumulate
.Investing in the future together     
███████ █▄
███████ ███▄
███████▄▄▄▄▄
████████████
████████████
████████████
████████████
.
WHITEPAPER
▀▀▀▀▀▀▀  ▀▀▀▀  ▀▀▀  ▀▀  ▀
███████ █▄
███████ ███▄
███████▄▄▄▄▄
████████████
████████████
████████████
████████████
.
ONE PAGER
▀▀▀▀▀▀▀  ▀▀▀▀  ▀▀▀  ▀▀  ▀
▄▄█████████▄▄
▄█████████████████▄
▄██████████▀▀▀▀███████▄
▄█████████▀     ████████▄
▄██████████   ████████████▄
█████████        ██████████
█████████▄▄   ▄▄███████████
███████████   █████████████
▀██████████   ████████████▀
▀█████████   ███████████▀
▀████████▄▄▄██████████▀
▀█████████████████▀
▀▀█████████▀▀
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄████████████████▀▀█████▄
▄████████████▀▀▀    ██████▄
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
▀████████▌▐       ████████▀
▀████████ ▄██▄  ████████▀
▀█████████████▄███████▀
▀█████████████████▀
▀▀█████████▀▀
pawanjain
Sr. Member
****
Offline Offline

Activity: 770
Merit: 250


Anonymous bitcoin mixer


View Profile
April 09, 2018, 03:10:59 PM
 #7

I dont think we are yet ready for mainstream adoption of cryptocurrencies because the media and the people keep spreading negative views about crypto in the market. Because of this the value of cryptocurrencies has hone way too down and people have started disbelieving crypto. I think it will take a while until crypto recovers its price and hence after that may be it will be a good time for crypto to go mainstream.














 

 

█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
BitBlender 

 













 















 












 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
█ 
DdmrDdmr
Sr. Member
****
Offline Offline

Activity: 378
Merit: 1656

There are lies, damned lies and statistics. MTwain


View Profile WWW
April 09, 2018, 03:28:35 PM
 #8

As DooMAD states, there are two sides to the coin (no pun intended). I would add a third factor though: the market.

Technology is not ready yet, being too slow and having overpriced transaction fees. Submit any of the current cryptos to a stress usage test on a mainstream level and none would come out favoured in the photo.

People are not ready on a mainstream level to cope with something that is way more complicated than using day to day FIAT. That is the level of simplicity that is required for real mainstream usage, aggregating all dimensions such as user experience, ease of use, ease of comprehension, transaction rollback, etc.
Younger people, more techy savy and DNA prone to these novelties, have a slow learning curve and move around based on trends and hype. But, the older the generation gets, the more difficult it gets to adapt, with not too much benefit in the process since it being “fun and anonymous” to use is not part of the equation, but rather extreme simplicity in its place.

Marketwise, there are too many cryptos around. Some have a widespread global usage ambition, but other are tied niche products/services. Imagine that in your country of residence you needed to use a different FIAT currency for different products/services. That needs to be simplified.
Also day to day price shift would not be acceptable unless tied to a FIAT reference. Being inflation one of the core elements that are under control and scrutiny, there is no way a free swinging price set of currencies can become mainstream unless tied to FIAT. That overtime could change, but I cannot see that on a short scale horizon.

mammothine
Newbie
*
Offline Offline

Activity: 117
Merit: 0


View Profile
April 09, 2018, 03:57:21 PM
 #9

There has been much talk about the ‘potential’ for cryptocurrencies and how they could be used by adopting blockchain into actual real-word utilities so that the masses can use them. The question is are they actually ready for this at mass scale? And on the other side of the coin, are the general public ready to adapt this technology and use it at mass scale? My honest answer for both is not yet, but they will be.

When we look under the hood of most of the cryptocurrencies, they are very much in their infancy stages. The whole crypto market has only been around since 2008(2009) and for most of that time it was only Bitcoin! Let’s take Bitcoin in its current state. It can carry out on average 5 transactions per second. Visa can handle 24,000 transactions per second. That shows you the current gap that has to be matched.

read full article - https://medium.com/coinmonks/are-cryptocurrencies-ready-for-mainstream-adoption-f6e868119abb




Sure, agree we're not there yet with Bitcoin, but there are a few extremely fast alts that could one day challenge things if Lightning does not pan out somehow: NANO, DGB, XVG, NEO, to name a few.
entemeister
Jr. Member
*
Offline Offline

Activity: 89
Merit: 1


View Profile
April 09, 2018, 04:08:23 PM
 #10

We have the notion that cryptocurrencies are not still ready because of the collapse happened during the last months of 2017 (bitcoin mempool overload , cryptokitties on ethereum network). However, there are some aspects to consider right now, at least with regard to bitcoin. We have lightning network and major exchanges are batching transactions. Bitcoin is working much better now. With regard to the general public it will be needed an educational process.
FrueGreads
Legendary
*
Offline Offline

Activity: 1498
Merit: 1059


Free crypto every 60 mins here: discord.gg/pXB9nuZ


View Profile
April 09, 2018, 04:21:28 PM
Merited by Mometaskers (1)
 #11

The solution to this problem rests on the resistance of the miners. They deliberately block developers ' attempts to increase the block size. For them, profit is more important than the fate of bitcoin. But maybe they are right and the market will put everything in its place.

If you want bigger blocks you actually have bitcoin cash. I don't think that is the solution though, since that will make the coin very centralized, and that is not how crypto should be. I don't think miners are blocking anything, and development simply takes time. Of chain solutions are the option in my opinion, and we will get that with the lightning network. The LN is not being blocked by anyone, and we already have it on the main net, and as soon as it matures, we should eventually get more services using it, and with that adoption will follow.

Bitcoin is not ready for adoption yet, but it will be. No need to rush things in my opinion.

      ▄▄████████▄▄
   ▄████████████████▄
 ▄█████▀▀       ▀▀████                               
▄████▀            ████      ████                  ████
█████           ▄████▀     ████▌                 ▐████
█████           ▀▀▀▀      ▐████                  ████▌    ▄▄
 █████▄                  ▄█████████▀            ▐████   ▄███▀
   ▀█████▄▄        ▄▄███████████▀▀   ▄▄▄▄       ████  ▄███▀     ▄▄▄▄
      ▀███████▄    ▀████▀████▀     ▄████▀███   ▐███████▀▀    ▄███▀ ██▌
         ▀▀██████▄▄     ▐████    ▄████  ▐██▌   ███████     ▄███▀  ▄██▌
    ▄▄▄▄     ▀▀█████    ████    ▄███▀   ███   ▐███▌███    ▐████▄▄███▀
  █████▀▀      ▀████▌  ▐████    ████   ▄███   ████ ▐███   ████
 ████▀          ████▌  ▐████▄▄██████▄▄█████▄▄█████  ▀███  ▀████▄▄▄▄██           ▄████▄  ▄████▄  ██▄██▄██▄
████▌          █████    ▀████▀▀  ▀████▀  ▀██▀ ███▀   ▀███   ▀▀████▀▀           ██▀     ██▀  ▀██ ██  ██  ██
████▄       ▄▄████▀                                   ▀███▄▄      ▄▄██  ▄████▄ ██▄     ██▄  ▄██ ██  ██  ██
 ██████████████▀▀                                       ▀▀█████████▀▀   ▀████▀  ▀████▀  ▀████▀  ██  ██  ██
   ▀██████▀▀▀



▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬
The Bitcoin Casino
▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█                         █
█       ██                █
█      █▄▄█               █
█     █▀  ▀█              █
█                         █
█       ▄▄                █
█     ▄████▄              █
█   ▄████████▄            █
█   ▀████████▀            █
█     ▀████▀              █
█       ▀▀                █
█                         █
█                         █
█                         █
█                         █
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀
▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮
Provably fair
Free faucet

▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮
▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬
12 exclusive games
And many more...

▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬ ▮█▮ ▬▬▬▬▬▬



                ▄▄
               ▄▀▀
               ▀█
      █▀▄  ▄▄▄▄█▀▀█▄▄ ▄▀█
      █  ▀▀          ▀  █
      █▌        ██▌ █   █▌
      ▐█       ▐█████   ▐█ ▄▄ ▄▄▄
      █▌        ▀▀▀▀     █ █ ▀   █
      █       ▀▄▄▄▄▄▀     ▀    ▄▀
      █         ▀▀           ▄▀
     ▄▀                    ▄▀
   ▄▀                     █
 ▄▀                       █
█   █▄█                   █
 ▀▀▀  █       ▄▄▄▄▄       █
      █       █   █       █
      ▀▄▄▄▄▄▄▄▀   ▀▄▄▄▄▄▄▄▀
amishmanish
Sr. Member
****
Offline Offline

Activity: 476
Merit: 304


Take Responsibility, Build Things, Be Kind & Share


View Profile
April 09, 2018, 04:34:31 PM
 #12

LN API's for web developers and content creators are being actively developed and being made available for micropayments.

During the last mempool crisis, major exchanges didn't have SegWit and had no roadmap about improvements. Now exchanges like Coinbase have announced SegWit, Batching and intention for LN support

We are going through a calm before the storm phase as far as bitcoin is concerned. As far as mainstream adoption is concerned, i feel bitcoin is pretty much already mainstream. The next bull run will ensure wider distribution and more merchant adoption.

We really don't need to compare visa transactions with mainstream adoption because like DooMAD stated, most people aren't ready to let go off the shackles right now. They'll be more than happy with the supposed peace of mind that having a customer care line provides.
People who are really willing to take responsibility, for them, bitcoin is as ready as ever.
brotherwood12
Member
**
Offline Offline

Activity: 420
Merit: 30


View Profile
April 09, 2018, 04:49:45 PM
 #13

it can , but not yet need some preparation till cryptocurrencies ready for mainstream adoption
IMO

k_kuchkarov
Full Member
***
Offline Offline

Activity: 238
Merit: 103



View Profile WWW
April 09, 2018, 05:15:06 PM
 #14

Cryptocurrency is not blockchain technology! It's just part of it!
One of the parts that can be a blockchain! The technology itself has many possibilities and "potential"!

ETFbitcoin
Legendary
*
Offline Offline

Activity: 1568
Merit: 1463

Use SegWit and enjoy lower fees.


View Profile WWW
April 09, 2018, 05:29:21 PM
 #15

There aren't any cryptocurrency which is ready for mainstream adoption, at least without risk decentralization. For example :
1. Bitcoin have small block weight size limit. Even with LN, bitcoin still need to increase it's block weight size limit since you still need on-chain transaction when open/close channel and refill your balance.
LN Whitepaper mentioned this, but the problem is raising maximum block weight size limit and gain majority community agreement.
2. Bcash and few altcoin simply increase their maximum block size limit and proceed/record all transaction on-chain which risks decentralization because reason such as user is required to use expensive computer/service just to run full nodes.
3. Ethereum and few altcoin with smart-contract have biggest problem which are big computation to run/verify all smart-contract & big storage required to store all transaction/smart-contract. They also use similar solution to Bitcoin which is off-chain, side-chain or routed payment channel.
4. DAG-based cryptocurrency have better scaling, but i've doubt about how secure/decentralized these coins.

But i think mainstream adoption isn't main concern at this moment and the community should focus on how to make cryptocurrency is more friendly and make "killer" application that cryptocurrency need.

squatz1
Hero Member
*****
Offline Offline

Activity: 910
Merit: 626



View Profile
April 09, 2018, 05:29:48 PM
 #16

Cryptocurrency is not blockchain technology! It's just part of it!
One of the parts that can be a blockchain! The technology itself has many possibilities and "potential"!

Really I have zero clue about what you're trying to say here.

But, Cryptos aren't ready for mainstream adoption due to the fact that they're not trusted and understood by people yet. They're not going to trust their life savings in something which they think is easily able to be hacked (this is what the media makes bitcoin out to be) They want to be FULLY SURE, that they're not going to be able to be robbed of their coins.

PLus the fact that transactions can't get reversed, also something which everyday people don't like to use.

███████████
██
██
██
██
██
██
██
██
██
██
██
███████████
#1
███████████
██
██
██
██
██
██
██
██
██
██
██
███████████
BTC 
  ●
   BTC
  BTC   
.
    ▄▄▄▀▀▀▀
 ▄██▀
███        ▄▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄▄▄
▀███▄▄▄▄▀▀▀                 ▀▀▄▄
  ▀▀▀██████████████████████████▀
   ▄█▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀██▄▄█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀▀
      ▄  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
      ▀██▄  ▄▀▀▀▀▀▀▀▀▀▀▀▀▄
        ▀█▀██████████████▀▀
         ▀█▄▄ ▄▄▄▄▄▄▄▄▄▄
            █▀▄▄▄▄▄▄▄▄▄▄▀
             ▀▀▄▄▄▄▄▄▄
.
     BTC
  BTC   
  ●
  BTC   
███████████
██
██
██
██
██
██
██
██
██
██
██
███████████
███████████
██
██
██
██
██
██
██
██
██
██
██
███████████
wiser
Legendary
*
Online Online

Activity: 1610
Merit: 1024



View Profile
April 09, 2018, 05:36:29 PM
 #17

There are some technical hurdles that remain for mainstream adoption of cryptocurrencies.

The first is that it's not really easy to go directly from fiat into most of the altcoins. On Coinbase, you can go directly from fiat to Bitcoin, Litecoin and Ethereum. Bitcoin has scaling issues so it won't go mainstream ever. Ethereum is simply too hard to work no matter what level you're dealing with. Litecoin seems to be OK, but not a lot of excitement around it. But of the three that Coinbase offers, I'd bet on LTC as being the most likely candidate for mainstream adoption.

There are altcoins out there which do not have the scaling (or infighting) issues of Bitcoin. The main thing holding them back is lack of seamless integration with the current financial system. Once that integration takes place, and I know that at least one coin, DNotes, is working on it, then mainstream adoption will be inevitable.

So really, the big bet is on which altcoin is going to be the first to successfully fully integrate with the fiat world. That's the coin you want to be buying up cheaply now Smiley

DNotes Trading Bot - Simple · Affordable · Effective
Automated Bot Trading for Everyone
kaya11
Full Member
***
Offline Offline

Activity: 434
Merit: 103



View Profile
April 09, 2018, 05:41:35 PM
 #18

Cryptocurrencies have the greatest impact and became a sensation in the internet especially last year. Crypto will go mainstream when the right time comes, there are lots of works to do, I think it should be adopted by whole people around the globe. It’s about the right product, at the right time, combined with luck. I don’t know what’s really going to make cryptocurrencies go mainstream, but I am looking forward to the time when it will happen. Cryptocurrencies backed by a real product and run by blockchain technology is the technology of the future, unless they will succeed on quantum computing and breakthrough all of your keys and passwords.

TheGodFather
Hero Member
*****
Offline Offline

Activity: 812
Merit: 500


Digitize Real Assets on IDA platform


View Profile
April 09, 2018, 05:42:29 PM
 #19

There has been much talk about the ‘potential’ for cryptocurrencies and how they could be used by adopting blockchain into actual real-word utilities so that the masses can use them. The question is are they actually ready for this at mass scale? And on the other side of the coin, are the general public ready to adapt this technology and use it at mass scale? My honest answer for both is not yet, but they will be.

When we look under the hood of most of the cryptocurrencies, they are very much in their infancy stages. The whole crypto market has only been around since 2008(2009) and for most of that time it was only Bitcoin! Let’s take Bitcoin in its current state. It can carry out on average 5 transactions per second. Visa can handle 24,000 transactions per second. That shows you the current gap that has to be matched.

read full article - https://medium.com/coinmonks/are-cryptocurrencies-ready-for-mainstream-adoption-f6e868119abb




With its current situation right now, I think that it still can show the flexibility that it wants but with how volatile it is, I really believe that the countries need to ratify first or even if a single country can show the initiative and have a regulation of its own then I think that it is very possible for this to come true. Once regulations are in place I believe that it has the infrastructure it would need and the support and backing that it needs and then everything can be adopted even in the mainstream







       ▄██████    ▐█████████████▄▄                  ▄██████▌
      ███████▌    ██████████████████▄              █████████▌
     ▐███████    ▐████████████████████▄           ███████████
     ███████▌    ▀▀▀▀▀▀▀▀▀▀▀▀▀██████████         █████████████
    ▐███████                    ▀████████       ███████ ███████
    ███████▌    ▄██████▌          ███████▌     ███████   ███████
   ▐███████    ▐███████            ███████    ███████     ██████▌
   ███████▌    ███████▌           ▄███████   ███████      ▐██████▌
  ▐███████    ▐███████           ▄███████▌  ███████▌    ▄▄▄███████▌
  ███████▌    ███████▌       ▄▄▄█████████  ███████▌   █████████████▌
 ▐███████    ▐█████████████████████████▀  ▐██████▌   ███████████████
 ███████▌    ████████████████████████▀   ▐██████▌   █████████████████
▐███████    ▐█████████████████████▀▀    ▐██████▌             ▀███████▌
▀▀▀▀▀▀▀     ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀         ▀▀▀▀▀▀▀                ▀▀▀▀▀▀▀
.
DIGITAL ASSET
MANAGEMENT PTY, LTD
━━






.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
.



.
.
WP
▀▀▀



tokexchain
Member
**
Offline Offline

Activity: 145
Merit: 10


View Profile
April 09, 2018, 05:48:09 PM
 #20

There has been much talk about the ‘potential’ for cryptocurrencies and how they could be used by adopting blockchain into actual real-word utilities so that the masses can use them. The question is are they actually ready for this at mass scale? And on the other side of the coin, are the general public ready to adapt this technology and use it at mass scale? My honest answer for both is not yet, but they will be.

When we look under the hood of most of the cryptocurrencies, they are very much in their infancy stages. The whole crypto market has only been around since 2008(2009) and for most of that time it was only Bitcoin! Let’s take Bitcoin in its current state. It can carry out on average 5 transactions per second. Visa can handle 24,000 transactions per second. That shows you the current gap that has to be matched.

read full article - https://medium.com/coinmonks/are-cryptocurrencies-ready-for-mainstream-adoption-f6e868119abb




With the new behind the scenes network functionality and side chains, that are becoming prevalent with many cryptocurrencies, DASH with their Masternodes and of course the WAVES platform, this supporting tech has been around for a while and now some mainstream adoption is occurring, it's not just about putting data on the Blockchains but actually real world life-styles and data network, even neural now (No one mention SOPHIA) - or her Blockchain  Tongue
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!