Important for the current generation to understand cryptocurrency – The cryptocurrency market is very volatile. Although it reached a peak of over 800 billion U.S. dollars at the beginning of 2018, it plummeted to less than 140 billion U.S. dollars by the end of the year. According to data from CoinMarketCap, there are approximately 2,400 cryptocurrencies in circulation in the global market today.
Many industries, including the adult entertainment industry, have accepted encrypted payments. This new niche market has sparked various crypto projects. But, this is not the reason to start thinking about encryption. This article will explain why cryptocurrencies are important and how they can play a more important role in creating a more advanced society in the future.
Increasing the Adoption of Cryptocurrency
The adoption of cryptocurrency is useless if even the best technology is not adopt. Because they will become useless tools. Regulations are the most critical obstacle to the mass adoption of blockchain. According to relevant news about blockchain supervision, the US Secretary of State advocates strengthening encryption supervision. He cited the example of 9/11 as one of the reasons for the urgent need to strengthen encryption supervision.
It made the headlines of regulatory news about cryptocurrency. Although the 9/11 incident occurred nearly a decade before the birth of cryptocurrency, regulators still need to propose a new encryption method.
This approach should focus on changing public perceptions of cryptocurrencies. This method has existed for a long time. The United Nations has launched a program called ” Blockchain Impact Global Summit and Stanford Research”. If the project starts to grow with favourable regulations, it will definitely benefit the entire industry. As in reality, the strict compliance requirements of many projects have brought many obstacles to the adoption of cryptocurrencies.
Why Cryptocurrency Have Not Achieved Great Success
In 2016, Don Tapscott predicted in a TED speech that blockchain technology will revolutionize the financial industry in many ways. This includes the method of processing remittances, the method of remittance, and the establishment of legal requirements for land. Although the blockchain has produced huge ripples, we must remember that its highest market value is close to $1 trillion. Therefore, it shows that encryption is still limited to speculative investment and will not have any practical impact that may harmful.
Although the average transaction fee for Bitcoin is around half a dollar, the average remittance fee is close to 7%. With thousands of people exiting the banking network, people can no longer emphasize why cryptocurrencies are considered important. If Someone conducts a thorough analysis of the blockchain, they will find that although there is still a long way to go, they cannot give up the dream that the blockchain can achieve. It is only a matter of time.
Conclusion For Current Generation to Understand Cryptocurrency
If cryptocurrencies are adopted on a larger scale, they can provide potential solutions and open up equity investment to the public. However, there is one limitation-there is no crypto-based equity crowdfunding platform. This means that its legitimacy cannot determine.
Except for industries that focus on cryptocurrency, the views and actions of regulators will not change the direction of need cryptocurrency discussions. This will limit the world to create truly meaningful solutions, which is why important for the current generation to understand cryptocurrency for the future.