Post
Topic
Board Altcoin Discussion
Re: Crypto is not the future, it is the present
by
Vincom
on 18/03/2024, 21:29:50 UTC
Yeah that's a very good point that you raised I think so that blockchains have to work on technology and they have to to come up with a good usage option so that people can get benefit of using them over other transaction networks.
when the benefit will be provided in the transaction and fees will be lower than companies will start to adopt  cryptocurrency directly because people will be more interested into using cryptocurrency for payments then any other option.

Blockchains like Etherium, SOL ,Layer2 chains and Bitcoin have done it  that's why they are more in demand than any other coin. Now the layer 2 Technology has been raised in the blockchains like Etherium and Sol working on them so they are being advanced in every field. Trying to regulate what they have done into the past so that's a good sign and it will be a bright future of Cryptocurrency in nearby if they focus on what they are doing right now.
It is not difficult to think of the potential applications of crypto to achieve positive results for the economy, however, the acceptance and management of them is much more complicated, governments are also studying the legal frameworks for crypto, I hope we will not have to wait too long to use crypto widely. Currently, we can transfer USDT globally in seconds and at a very low cost, that is the beginning of the crypto era.

Bitcoin, Ethereum, Solana, Layer-2 are all serving the needs within the closed crypto market rather than the irreplaceable needs of humans. Only a small fraction of the transactions are actually valuable in storing assets or transferring money, this may soon change in the future when blockchain technology will be applied more effectively, crypto will be used for more practical purposes in life.