While there have been Market corrections in crypto currency marketplace in 2018, everybody agrees that the best is yet to come. There have been great deals of activities in the marketplace which have changed the tide for the better. With good analysis and the ideal dose of optimism, anyone who is spent in the crypto market can make millions from it. Crypto currency market is here to stay for the long run. Here in this report, we give you five favorable elements which can spur additional innovation and market value in crypto currencies.
- Innovation in scaling
Bit coin is your first crypto currency in the market. It is the maximum number of consumers and the maximum value. It dominates the whole value chain of the crypto currency system. However, it is not without issues. Its major bottleneck is the fact that it can handle just six to seven trades per seconds. In contrast, credit card transactions average at couple of thousands per second. Apparently, there is scope for improvement in the scaling of trades. With the support of peer to peer trade networks in addition to the block chain technology, it is possible to raise the trade volume per second.
- Legitimate ICOs
While there are Crypto coins with stable value on the current market, newer coins are being made that are intended to serve a particular purpose. Coins like IOTA are meant to help the Internet of Things marketplace exchanging electricity monies. Some coins tackle the problem of cyber security by providing encrypted electronic vaults for storing the cash. New ICO Listing sites are coming up With innovative solutions that interrupt the present marketplace and bring in a new value in the trades. They are also gathering authority in the marketplace with their simple to use exchanges and reliable backend operations. They are innovating both on the other hand regarding use of specialized hardware for mining and financial market side by providing more freedom and options to investors in the market.
- Clarity on regulation
In the current Scenario, most authorities are studying the effect of crypto currencies on the society and how its benefits can be accrued to the community at large. We can anticipate that there could be reasonable conclusions in accordance with the result of the research. Few governments are Already taking the path of legalizing and regulating crypto markets just like any other sector. This may prevent ignorant retail investors from losing money and protect them from injury. Baling regulations which boost crypto currency expansion are expected in future. This will possibly pave the way for widespread adoption in future
- Increase in application
There is Monumental enthusiasm for the application of block chain technology in virtually every industry. Some startups are finding innovative solutions like digital wallets, debit cards for crypto currencies, etc. this will increase the amount of merchants that are willing to transact in crypto currencies which in turn raise the amount of users. The reputation of Crypto resources as a transaction medium will be reinforced as more people trust in this system. Even though some startups might not endure, they will positively contribute to the general health of the market creating innovation and competition.