| json_metadata | "{"app":"musing/1.1","appTags":["cryptocurrency"],"appCategory":"cryptocurrency","appTitle":"How can cryptocurrency advertise itself to become mainstream?","appBody":"<p>We talked a lot about when cryptocurrencies will become mainstream and what needs to be done to apply cryptocurrencies on a large scale? What is the standard of “becoming mainstream”? Encrypted currency is the preferred method of daily payment, such as paying a babysitter, which is a good indicator. However, before achieving this goal, some significant progress needs to be made: First, the payment processing needs to be significantly accelerated. From another perspective, Visa handles 24,000 transactions per second, while Ethereum and Bitcoin are still trading at a slow rate. While other cryptocurrencies attempt to solve speed problems, many sacrifice privacy, security, or decentralization. Accepting compromises undermines the truly revolutionary side of private transactions in cryptocurrencies, without relying on government support or bank verification. When cryptocurrencies sacrificed these core elements of decentralization in order to improve efficiency, they became a clumsy version of PayPal, Apple Pay and Venmo.</p>\n<p>Whether we are ready or not, mobile payments are the future direction. The invention of credit cards has made people no longer carry cash, and mobile payments will completely eliminate the need to carry physical wallets. Many residents in developing countries do not have bank accounts and credit cards, and these countries are the main areas of mobile payment development. Because of the affordability of mobile phones, there are 5 billion people worldwide who own mobile devices—this is much more than having a laptop or desktop computer.</p>\n<p>Considering the mobile revolution, cryptocurrency payments make sense. If encryption technology can achieve the same payment processing speed as Visa, then the encrypted payment application is likely to be in the upper position and become a new payment method.</p>\n<p>Recently, the lightning network has gradually entered people's field of vision. Can this solve the problem of transaction concurrency without sacrificing privacy, security and decentralization? In short, the blockchain technology is advancing by leaps and bounds, and the wheels of history will not stop, let us wait and see!</p>","appDepth":2,"appParentPermlink":"pkha8cvnq","appParentAuthor":"littymumma","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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