Post
Topic
Board Altcoin Discussion
Re: Using Crypto at Gas Stations
by
worle1bm
on 21/01/2020, 11:34:29 UTC
It's 2020, yet crypto and Blockchain technology are still in their infancy. The introduction of smart contracts (via the Ethereum blockchain) to the mainstream world, has opened up a plethora of possibilities that were never imagined. Many companies have launched their own tokens via ICOs, IEOs, and even STOs. On the hand, stablecoins have been the hottest trend within the crypto space as they provide the convenience of Fiat with the security of the Blockchain.

Smart Contracts as introduced by Ethereum Blockchain may seemed fascinating in the starting but with time even Ethereum chain has shown lots of vulnerabilities. During the season of high usage of chain, fees peak over $1. When Crypto Kitties launched, ETH network became so slow that transactions took 2 days to process at regular gas and wei.
We need more scalable solution than Ethereum chain to make crypto as medium to pay on Gas Stations.