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Three keystones to cryptocurrency progress in 2022
🤔 We all see the situation in the cryptocurrency market now.
But what are the main problems that cryptocurrency might face in 2022
As FTX founder and CEO Sam Bankman-Fried said in 2022, three keystones to industry progress would appear on the cryptocurrency route.
🔹Speed: cryptocurrency transactions must change gears. Levels of 50,000 transactions per second are not enough to satisfy industrial-scale applications. Without high speeds, the other two issues cannot execute well.
🔹Scaling: Cryptocurrency users number about 300 million, which "far exceeds their weight". These are not enough for the effective distribution of cryptocurrency and the rapid increase in its price.
🔹Regulation: better markets oversight and an anti-fraud-based regime for token issuances could address other regulatory gaps.
*CEO Sam Bankman-Fried is considered the most prosperous person in the crypto, according to Forbes
Source: cointelegraph.com
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