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

[houmgh]

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.

Why would i need advertising? most of the current start ups using block chain tech, no matter if it is bitcoins or ether or any other. Are doing in a way that people who uses their products (quality control, supplement management, transaction verification) may not be even aware it had block-chain tech behind it. But it still creates a demand for the use cases. I doubt not a lot of people knows how the bank transactions work, what data bases or data protection standards or architectures they use. But they are using them everyday

[lobat999]

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.

OP topic ask the idea if 5G could be an opportunity for crypto to go mainstream and it doesn't discuss about earnings and connections speed! What profit are talking about with the arrival of 5G? I think 4G is more than enough to augment your so called "profits" or what ever that is. I bet you didn't read what OP has stated!

[serjent05]

I don't think 5g has much of that impact for crypto opportunity.  The reason why cryptocurrency is limited is not because of the speed of internet connection but rather the availability of access.  In my country there are lots of area where internet is seldom available, there are also null spot of signal and internet connection because of lack of infrastructure to relay signals.  Unless this problem is addressed, the same situation will happen whether 5g is implemented or not.

[boltz]

I would not call this a opportunity for crypto to go main stream. After all the 5g Technology will only help the speed of data transfers and its already implemented in some countries for months and more countries will follow but are we ready to enjoy the tech at its fullest ? There are a lot of protest on-going against 5g tech and it seems they won't stop anytime soon.

Maybe in some years they 5g tech will have some impact among cryptocurrencies and lets hope it will reflect on the prices too. I'm sure some projects already think to use the 5g tech to develop new techs in order to speed up the processes their using.

[imstillthebest]

2019 is going to an end but yet there are now 5g devices released on the market  .  there maybe one or two models that are speculated before but i dont hear any updates from them until today  . i guess 2020 next year will be thier official released  . 5G is helpful for those who cant afford a postpaid iinternet plans but want to experienced a really fast internet connection but i dont think that it can make a difference in terms of cryptos and blockchain  unless if the phones are sponsored by them  .

[Moiyah]

One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology.

Actually there is no need for upcoming because it is already released and circulated in many state. For example the Samsung S10, One Plus 7 Pro, Huawei Mate X and many more has the feature of 5G.

do you think this might be a good chance for crypto to go more mainstream?

It has contributions in some ways but not “ more to mainstream”.  If you compare the benefits of 5G to the previous version of course it is much faster in speed and capability and moreover the ability to connect with several numbers of devices.

Now what is the benefit of 5G to the crypto? It will increase the involvement of directly support blockchains and the reduction of intermittent transactions.
If you look at it, still it has contribution to the world of Crypto so we still are grateful for 5G.

[dothebeats]

This will just benefit internet-dependent websites such as streaming services and whatnot, and not necessarily cryptocurrencies in general. Even in 3G/HSPA+ connections, cryptocurrencies still are doing quite well in basic functions of the said tech. Sending and receiving need not high speed access to the internet, just to be able to send and receive bytes of data is enough. If anything, 5G will be more useful in commerce, logistics and other aspects where high-speed file and information sharing is required constantly, and crypto does not really need that, currently.

[cutesgirl]

China have announce for opening Fifth Generation (5G) wireless network technology of internet, I think cryptocurrency have bigger effect with faster internet access where we can make transaction faster than we use 4G, now many country want to make Fifth Generation (5G) wireless network technology for getting best internet service.

[Periodik]

5G is for faster internet connection. It will help in so many internet-based applications but it will not help in the confirmation time of crypocurrency transactions. So, 5G is going to be useless if the network, for example Bitcoin network, is handling too much heavy traffic. In that case, it is the network and not the connection that has a problem. Even if you are using 5G if the transaction fee you are paying is the minimum, expect a slow processing. If you are using 2G and you are paying high transaction fee in your transaction, the processing will be swift. Add to this that confirmation layers vary in different wallets, some have 5 confirmations while other reach as high as 20. 

[clickerz]

China have announce for opening Fifth Generation (5G) wireless network technology of internet, I think cryptocurrency have bigger effect with faster internet access where we can make transaction faster than we use 4G, now many country want to make Fifth Generation (5G) wireless network technology for getting best internet service.

Of course, has a greater effect on crypto. Talking of internet speed, it can benefit not cryptocurrency but  many IOT's as well. A faster internet means a faster transaction verification, a convenient way of paying by digital assets online, such as bitcoin and the like. 5G technology  can revolutionize  the way we conduct transaction too imho.

[1Referee]

In my country there are lots of area where internet is seldom available, there are also null spot of signal and internet connection because of lack of infrastructure to relay signals.  Unless this problem is addressed, the same situation will happen whether 5g is implemented or not.

Not sure what country you're from, but social media platforms such as Facebook are looking to provide internet access to even the most remote places in the world, which won't only benefit themselves, but obviously crypto and the whole world economy. I'm looking forward to how this plays out because it has the potential to lift hundreds of millions of people out of poverty with some guidance.

https://www.wired.co.uk/article/google-project-loon-balloon-facebook-aquila-internet-africa

As for 5G being an opportunity for crypto, meh, not really. In some cases my smartphone shifts from 4G back to 3G without me actually noticing much of a difference. If 3G is working still fine for the most ordinary tasks, what is there to gain from 5G? In most cases people's hardware isn't even capable of fully utilizing the advantages 5G offers in terms of internet speed and latency.

[gabbie2010]

China have announce for opening Fifth Generation (5G) wireless network technology of internet, I think cryptocurrency have bigger effect with faster internet access where we can make transaction faster than we use 4G, now many country want to make Fifth Generation (5G) wireless network technology for getting best internet service.

Of course, has a greater effect on crypto. Talking of internet speed, it can benefit not cryptocurrency but  many IOT's as well. A faster internet means a faster transaction verification, a convenient way of paying by digital assets online, such as bitcoin and the like. 5G technology  can revolutionize  the way we conduct transaction too imho.

truly extraordinary technology now, of course I totally agree with your opinion, this will speed up the transaction

LN  Lightning Network which is already gaining ground for aiding faster crypto transactions thus PoW Proof of Work will be boasted by 5G technology there was an era when its takes longer time for transactions of cryptos accomplished I believed its partly  due to slow a network particularly in developing countries where internet technology had not really improve with this invention payment of goods and service will be accelerated invariably more adoption of cryptocurrencies as a means of payment.

[ecnalubma]

Crypto is already on mainstream, 5G network could bring advantages in the blockchain ecosystem specially in the internet of things. Having a fast network can speed processes for businesses just imagine doing internet task at lightning speed. This evolution of technology will play important role in our lives in making our jobs easier and efficient.

[el kaka22]

I think the 5G will have affects much more than mobile that people are missing out. The PoS systems that every shop uses that allows them to accept credit card and debit card payments actually uses a cellular mobile phone card, which means their internet is as strong as the operator of that telecommunication company, when they move to 5G there would be a lot better connection and that means internet would be both faster and can be used in a lot further distances.

This is why I think PoS systems will be much more complicated, don't forget that whenever technology got better the requirements for stuff got better as well, back in the day ps2 had 8 mb memory and now ps4 requires 80 gb space to download a game, so when 5G happens everything will be better but there would be more stuff put into it and one of them could be crypto payments, well at least hopefully.

[jmigdlc99]

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?

It's an opportunity for the internet to be more powerful in all industries.

Personally, 5G has been introduced in our country for about a few months to a year now, yet i still don't feel it's adoption (i even bought a 5G capable phone). So although not directly, i imagine crypto will be affected towards the better as well, in due time but not anytime soon.

[ivakar]

not sure why 5G should be an opportunity?  there is now breakthrough. just some speed improvement
so basically quite a lot of users won't notice any difference with their current 4g network ( based on the nest of 5g network I saw in the NET)
so answering to your firsy question - no. 5G won't change anything 

[DaCryptoRaccoon]

I see no one is talking about the implications of the 5G network the main issue with 5G will be densification.  the band that 5G uses is actually used by the military the sub GHZ network has been used in battle field technology the issue with 5G is the amount of transmitters required in close location to people the 5G signals are very weak so to combat that they are installing 5G into every street-light in the UK right now this gives the a way to have phased array antennas that can actually map out there environment.

https://youtu.be/rUvb7tp4aFk

[btc_angela]

Advance nations have been using 5G for quite some time now and it doesn't really affect crypto in general. I think it will be a good gauge though for struggling countries to use this advance technology. I mean crypto will go mainstream if there are nations that are going to adopt it specially underdeveloped and developing countries. If we can see network infra improved a lot in the next 5 years, maybe just maybe we can see a slow adoption using this 5G in my opinion.

[magneto]

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?

Not all technological advances are relevant to the development of BTC or adoption.

BTCs can already be transacted even with the worst of the worst connections, so I'm not sure how improving already good connections in 4G covered areas (which will primarily be where 5G will initially be rolled out) will help mainstream BTC adoption.

The improved bandwidth is simply not needed for the bitcoin network to be accessed, or thrive.

[dimonstration]

It is a big opportunity but there are only few countries still able to implement a much wider internet connection, some countries even said to be a 4G implemented zone still tends to have a low connection due to area signals. Though some is already 5G users in some country there is a news this first quarter that 5G and blockchain technology will be associated in these network there are problems at point, imagine the scalability or adoption of users that will use it and we know some blockchain projects are having interruption and problems in expansion. If it will be applied extensively they must be able to tolerate an extremely high number of transactions per second, and we know that this is the weak point of this blockchain technology. We will be happy to experience having fast internet plus the idea of having transactions using it with blockchain soon.