Global adoption of the cryptocurrency will not begin with the Bitcoin: why? Response Of The European Union

“First wave” of the global adoption of cryptocurrency begins not with Bitcoin. According to experts of the Observatory and the forum block-the EU, the largest contribution to this process will make customized designs. By focusing on the specific needs of their clients, they will become very popular among ordinary users.

Who will start here?

The forecast is detailed in a recent report titled “Scalability, compatibility and reliability of blockchains”. According to the document, the developers of the private platforms have much more freedom than independent programmers public blockchains.

However, the global adoption of the technology still has obstacles. First, projects need to reach a much larger number of transactions per second. Second, between different blockchains need to establish a connection for data exchange. Finally, in the third such platform must be resilient to hacker attacks in the long term.

“It is clear that a huge variety of blockchains without clear links can not fully reveal their potential. Users of such systems will benefit tremendously from the possibility of a transaction between different projects.”

In the foreseeable future, the crypt will be “less energy”, but this commands CryptoStream “we need to clearly define their purpose of development.” Although Europe supports the development of the industry, the developers of the block chain still “have a lot to discover and a lot to learn”.

“The United States and China expressed their willingness to support research kriptonyte. The Chinese government even incorporated the relevant expenditure in the new budget. We recommend the EU to follow a similar policy and explore ways to apply blockchains to the infrastructure.

Note that the following intelligence report released in the second half of 2019. Let’s hope that Bitcoin will grow well.

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