The Improvements Cryptocurrencies Should Make

[soenan]

Since cryptocurrency first appeared, it has continued to increase from year to year. The cryptocurrency which is considered a digital transaction in modern times still has to improve in various aspects. Over time, cryptocurrency must be able to increase its usability as a transaction platform. Many companies and developers are looking for a decentralized platform with blockchain as the base.

From this point of view, what do you think about the future of cryptocurrency in developing its services?

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[batang_bitcoin]

It's already being developed and being used for several purposes. What type of purpose and use are you looking for? It doesn't look good in your perspective because of those projects that come in and out without having any integration for a certain use.
The crypto developments look a joke because of uncertain tokens and altcoins being made without furnishing what they really want to make. The improvement must be done is the knowledge and awareness of people what cryptos they should avoid.

[semobo]

Crypto currencies were created for bringing decentralization while making payment and already we achieved with the product now we are in the stage of bringing adoption so that the product will be used in the way which we created it. But what we are doing is still creating more projects with no real purpose of their existence.

[el kaka22]

The most important thing that needs to be done is the speed and the cheapness. Right now fee's are a lot for small time user, you could send 10 million dollars for cheaper than any other fiat method, but you can't buy a 5 buck coffee and spend 7 bucks on the fee that doesn't make any sense at all.

Bitcoin is the biggest and most known coin, its marketcap is bigger than all other coins combined together, which is why bitcoin should be the first one to actually make it very very fast (I mean under 30 seconds) and it should also be close to free, or at least be % of what you spend, if you spend 5 bucks it should be cheaper, if you spend 50 bucks it should be more, if you send 50k+ that should be even more, not around the same for every one of them.

If bitcoin goes "we are too big to be that quick and cheap, let altcoins be that way" and not change, altcoins will not be the first thing these shops will look at and it will not go beyond this current level.

[X-ray]

IMO if this time too much repetitive projects that have made crypto service became less on the development of its service especially to provide a platform that fully utilized.

In fact, so many platforms or almost all of the new platforms are offering an incentive as a replacement for the utility which can't be considered as a good thing. The development of crypto looks degrades due to the bubble from the defi project that didn't have an actual use make the defi tokens become fully implemented with utility usage.

[ryzaadit]

From this point of view, what do you think about the future of cryptocurrency in developing its services?

Normal and good of course.

If anyone says "perfect" is good they completely wrong, because when the "perfect" things come out the development and enhancement will be stoped. Since there nothing to do any more on the project, since already become a perfect project. But when these industries/company always develop new things so there has some competition between other projects, it makes about these sector technologies always an improvement not just stuck at all.

[acdc]

At the moment cryptocurrency is not considered a currency, it is more like an investment channel than a currency.
Current cryptocurrencies are still quite slow and transaction fees are high, making it difficult for cryptocurrencies to enter the retail sector.
So I hope that in the future, the cryptocurrency will improve in speed and reduce transaction costs.

[nykka]

We have very small quantity of Oracle networks and most of such projects are forgotten. Oracle networks is a key for integration blockchain in our real world. Most teams think only about vertual problems and they forget that we still live in real world and blockchain is technology which was invented to make our life much more better and comfortable.

[bitmover]

Since cryptocurrency first appeared, it has continued to increase from year to year.

Not exactly. Bitcoin is increasing year by year, but a lot of projects just get rekt. Most of them actually.

The number of cryptocurrencies also increase each year, but most of them do not get an increase in its adoption, usability and so on.

Bitcoin, ethereum, xrp, and a few others are indeed.

[ecnalubma]

In my opinion cryptocurrency might become the best version of stocks because of its holistic approach, stocks are might bit a complicated for average persons but buying and keeping crypto is simple. I think what should be improve in the crypto space is the purpose of every cryptocurrency, it shouldn’t be worthless and should have a function in our society.

[isaac_clarke22]

Since cryptocurrency first appeared, it has continued to increase from year to year. The cryptocurrency which is considered a digital transaction in modern times still has to improve in various aspects. Over time, cryptocurrency must be able to increase its usability as a transaction platform. Many companies and developers are looking for a decentralized platform with blockchain as the base.

From this point of view, what do you think about the future of cryptocurrency in developing its services?

The speed of the transaction matters the most, we can worry about the value later.
Having a long confirmation time per transaction even if it was just a small purchase would be quite annoying especially when one needs the money urgently.
New projects should also aim for this aside from what's going on in their minds, although I doubt that a lot of project would be able to.

[Bossfidelity]

Crytocurrency would bring greater flexibility to transactions, coupled with the fact that inter boarder transactions would be timely and less expensive. The world is said to be a global village and the current regulations and bottlenecks that is embedded in the means of exchange makes the speed needed to transact discouraging, I believe that cryptocurrency would assist in setting this right.

[pixie85]

I'm not able to say what cryptocurrencies in general should do because different cryptos aim for different results. Some want to be centralized bridge currencies, some high privacy payment solutions, some decentralized stores of value. There's really no one good answer for your question OP.

Maybe recognition. They should be explained well and approachable by the masses.

[bttmember]

Since cryptocurrency first appeared, it has continued to increase from year to year. The cryptocurrency which is considered a digital transaction in modern times still has to improve in various aspects. Over time, cryptocurrency must be able to increase its usability as a transaction platform. Many companies and developers are looking for a decentralized platform with blockchain as the base.

From this point of view, what do you think about the future of cryptocurrency in developing its services?

Slowly but surely crypto infrastructure, its capability and capacity is increasing both in terms of extebsive transactions and also its ability to handle more people and userbase is growing. With these improvements crypto is preparing for mass adoption.

[hrunya102]

I think the cryptocurrency will get a strong development thanks to defi, when there are reliable Defi projects that bring stable APY, then we will get a lot of new users.

[Kasabus]

I'm not able to say what cryptocurrencies in general should do because different cryptos aim for different results. Some want to be centralized bridge currencies, some high privacy payment solutions, some decentralized stores of value. There's really no one good answer for your question OP.

Maybe recognition. They should be explained well and approachable by the masses.

Cryptocurrency has been improving already each year and its usability has been widely more developed too. What we should aim at this moment is its total adoption and legalization from the government because there are already lot of people who are aware about the existence of cryptos but only lacks adoption from the government so that it will be well benefited by its users.

[CuriousGeorge]

The defi trend has been flooding the market these days which can be considered as a bad thing for the crypto development. Im still using the service that provided by the old project but it looks like these days people didn't even care about the popularity of the project.
As you can see there if these days all about speculating the token and not product. That brings a very bad impact to the standard quality of the project.

The improvement that happened with the price is not straight with the development of service in crypto.

[Jating]

The most important thing that needs to be done is the speed and the cheapness. Right now fee's are a lot for small time user, you could send 10 million dollars for cheaper than any other fiat method, but you can't buy a 5 buck coffee and spend 7 bucks on the fee that doesn't make any sense at all.

I think this is the only drawback so far of crypto, not just altcoin but even bitcoin. It needs to be cheap and very quick as compare to traditional fiat systems or debit/credit cards. Although there are altcoin that are faster and can match their tps, I think majority are still slow and fees are ridiculous.

But I'm not sure how this is going to be address, because it has been one of the most talk about issues, and so far we haven't seen any concrete solutions except for maybe Lightning Network. So altcoins, ETH fees are no longer cheap, so it has to be address in their Eth2.0 release.

[maxreish]

Cryptocurrencies has been integrated in different companies around the world already. Other Merchandisers are already accepting digital payments with the use of cryptocurrency coins. And from that, we can say that it surely improved the way cryptocurrency has been used from before. Not only that, the blockchain technology has also been integrated by different companies already. This only proves that investors, businessmen and other has been using cryptocurrency  as their advantage which improves the development of cryptocurrency.
 
 However, the "fluctuation" currency rate is also one of the reasons why those companies are holding back to accept cryptocurrency.

[Wexnident]

Developers have been slowly improving on different stuff, I wasn't really here when Bitcoin started so I don't really know what kind of improvement they did, but considering that a decade has passed, it should've been quite different from back then to now though the core concept is still there. For crypto in general, there are a lot of developments made, from lightning networks to Defi, though those haven't really been made into development to be used, they're more like at the testing phase, plus with the number of scams that actually happening with the two, I doubt it'd be immediately adopted.

 

I think this is the only drawback so far of crypto, not just altcoin but even bitcoin. It needs to be cheap and very quick as compare to traditional fiat systems or debit/credit cards. Although there are altcoin that are faster and can match their tps, I think majority are still slow and fees are ridiculous.

But I'm not sure how this is going to be address, because it has been one of the most talk about issues, and so far we haven't seen any concrete solutions except for maybe Lightning Network. So altcoins, ETH fees are no longer cheap, so it has to be address in their Eth2.0 release.

Well, pros and cons of crypto and traditional fiat mate. Most consider that crypto's disadvantages is a lot better compared to how fiats' disadvantages are, but that's depending on the user. Lightning Network is still in baby stages imo, but if developed properly, it could be a solution to the speed problems that crypto has. Though even without it tbh, there would still be substantial users of crypto imo.