IS 5G AN OPPORTUNITY FOR CRYPTO TO GO MAIN STREAM?

[Cryptocnnon485]

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?

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[CryptoBry]

I recently read many articles and news regarding the inevitable coming into the market of the 5G technology which is expected to do wonders for the Internet of Things (IoT) revolution. It is estimated that as early as 2025 there would be estimated 100 billion IoT connections all over the globe which can be enough to catapult the dream of smart cities, smart gadgets and smart homes to the higher level. Such will be the impact of the 5G technology that it can be considered as a magnificent game-changer. However, the big question is this: Will 5G be helping Bitcoin and the blockchain technology? Among many things that maybe we have not seen, I think that the number one benefit is the dramatic jump on speed of transactions. I am not a technical person so maybe I would not be expounding on how can that be possible but suffice it to say that this can be the most obvious change we might experience in cryptocurrency using the 5G technology. Will this thing be a big catalyst towards more adoption of cryptocurrency? Yes, it can be helping though we should not expect 5G to be like a big miracle.

[cosmofly]

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?

In fact, blockchain can completely support many different types of businesses in the world. China already has 5G, and it works on a tech business without blockchain. But 5G belongs to the signal wave, it cannot be distributed to the whole world and the use of blockchain technology is redundant.

[lobat999]

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.

[blckhawk]

I don't think so. What crypto needs to go mainstream is for people to raise awareness to crypto, but not necessarily 5G is needed to do so. I saw Facebook Libra as a way to raise awareness that such digital currencies are existing and its benefits, but its launch is being doubted. If more establishments such as businesses open support for bitcoin and other altcoins as payment, then maybe more investors would patronize bitcoin, booming its price in the market.

[NathanJB]

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?

The 5G wireless technology has already been in use for quite some time now in many countries. There is no need to speak of it as if it is still coming and people are still anticipating on it. It has arrived and I can say that there is much improvement in terms of speed.

There may not be direct influence of the 5G technology to the growth of crypto but since crypto is basically built on the internet as one of its foundations, 5G is going to certainly contribute to crypto's success.

[timerland]

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.

[BitHodler]

I would like to see a stable 5G network deployment first before making any such statements. 5G nodes need to be set up within close distance from each other in order to have it function the best.

I have seen some reviews where when you're close to a node speeds can go up to 1gb/s, but when you stand behind a building like 10 meters from a node, the speeds drop far under 100mb/s, which is not good at all.

I think it has been pushed out too fast. I get that there are latency benefits over 4G, but what benefit is there when you can't utilize it everywhere? It needs years more of development to be stable enough to use.

[bitbunnny]

I don't think that the question of Bitcoin going mainstream is based on any technology or techical solution. It's the question of legal matter and regulation, technology is.just one tinny part.
5G together with other technologies can bring and probably will bring kind of revolution, especially in the field of artificial intelligence, internet of things and similar but it will not help Bitcoin to become mainstream currency.

[alyssa85]

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.

[uray]

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.

[lobat999]

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.

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.

[Shinpako09]

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.

[KennyR]

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.

[Willitivity]

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.

[Apes]

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.

[ice098]

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.

[ReiMomo]

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.

[Febo]

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.

[hatshepsut93]

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.

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.