The Second Big Test Cryptocurrency Is Facing

[Mark Mason]

The Second Big Test Cryptocurrency Is Facing

Four big questions after proof of concept affect cryptocurrency: Can it scale? Is it secure? Is it decentralized? Will anyone use it? While these have been discussed in theory ad nauseam, in practice the first challenge was faced merely a year ago. Now we’re facing the second, with some serious questions as to the security of cryptocurrency systems. This has to be resolved before the field can move forward to become considered as legitimate by the rest of the world, and from the looks of it, we’re going to be just fine.

Read more - https://dashnews.org/the-second-big-test-cryptocurrency-is-facing/​

 

[gamblingtec]

Ease of use and security is king.

 

[Mark M. Hendrickson]

Thank. I agree, the popularity of cryptocurrency is due to the requirements of the time. In the age of ubiquitous information technology, universal payment facilities that could be calculated in the electronic space without being tied to a specific country or institution are extremely in demand. This means cryptocurrency has become.

 

[gamblingtec]

Exactly - we work in the casino licensing space which is incredibly regulated. If you want to see Bureaucracy, try opening a bank account for a company with a gambling license. It is a 12-month exercise. Banking is like that friend at a club that blocks you from talking to the girls and in today's world, banking has become an undesirable partner in doing business.

Imagine if your business can be brought to its knees by a single institution that for any reason decides they do not wish to do business with you, this is a problem and cryptocurrency solves this issue by putting the power of business back into the hands of the entrepreneur.

This is why I love Dash.