Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a store of value.” Sam Banksman-Fried on Bitcoin as a Payments Network FTX founder Sam Bank man-Fried has given his opinion about where bitcoin is going and the real value of its structure in the future. In an interview published by the Financial Times, Banksman-Fried criticized the implementation of Bitcoin as a payments network. To him, the Bitcoin block chain system will never work as a day-to-day payments system for several reasons. A perceived lack of scalability of the Bitcoin block chain is one of them, and the second reason presented by the executive has to do with the energy and environmental implications of this hypothetical growth compared to other alternatives. To Banksman-Fried, bitcoin for payments is akin to gold, in that it would be impractical to use. He stated: "Why don’t we go to a store and pay with physical gold bars? First of all, it would be ridiculous and absurd. It would be unbelievably expensive. And I’m sure it’d be bad for the climate." He also declared that proof-of-stake (PoS) networks would be more efficient to complete these tasks, explaining: "Things that you’re doing millions of transactions a second with (will) have to be extremely efficient and lightweight and lower energy cost. Proof of stake networks are." Banksman-Fried believes that Bitcoin has other unique properties that make it good as “an asset, a commodity, and a store of value.” Differing Opinions However, some views differ from Bankman-Fried’s opinions. The inception of the Bitcoin Lightning Network (LN), the second layer (L2) expansion protocol for Bitcoin that proposes very low transaction costs, might be a solution to the scaling problems that first-generation block chains like Bitcoin face when congested. This is the opinion of Paolo Ardoino, CTO of Bitfinex, who believes Lightning has the potential to turn Bitcoin into a feasible payment rail. He stated: "Bitcoin’s Lightning Network is quietly emerging to make manifest Satoshi Nakamoto’s prophecy of a decentralized, peer-to-peer payment network. A case in point is El Salvador where the country’s adoption of bitcoin as legal tender has made the nation a laboratory for Lightning usage with global corporations integrating the technology." David Marcus, former crypto chief at Meta, recently launched Lightspark, a VC-backed company that will explore the capabilities of the Lightning Network for payments. The protocol, which was proposed in 2015, has still not managed to gain mainstream support, and it sits at number 32 on the list of decentralized protocols with the most value locked, according to Defi Pulse, a decentralized finance index. what your opinion should bitcoin have good future as payment solution or not let us know your opinion send it here [email protected] and have chance to win some Bitcoin mining contracts
A panel of crypto industry experts has predicted that the price of ether will reach $5,783 this year, before rising to $11,764 by 2025 and $23,372 by 2030. Most of the experts on the panel are bullish on ether, with 61% saying now is the time to buy and a further 32% saying you should hodl. Industry Experts Share Ether Forecasts Price comparison portal Finder updated its price predictions for ether (ETH) with its latest quarterly survey last week. The company measures expert predictions for the future price of ether using weekly and quarterly surveys. The latest quarterly survey, conducted in April, “asks a panel of 36 industry experts for their thoughts on how ethereum will perform over the next decade,” Finder described. The expert panel expects ETH to be worth $5,783 by the end of 2022. At the time of writing, ETH is trading at $2,816, down 3.6% over the last seven days and almost 18.3% over the past 30 days. Citing the expert panel’s predictions, Finder detailed: Ethereum will jump from its current price of US$2,810 to US$5,783 by the end of 2022 … the price is expected to continue to rise going forward, hitting $11,764 by 2025 and $23,372 by 2030. “Compared to the results of the previous survey conducted in late 2021, our panel is now far more bearish on Ethereum long-term future, which may have a lot to do with its dip in value between now and the previous survey,” the company noted. “In January 2022 the panel had given an average prediction of $6,500 for the end of this year, 12% higher than their new prediction of $5,783.” Keegan Francis, Finder’s global cryptocurrency editor, commented: Ethereum is at a very uncertain place in its journey at the moment. It is currently losing Defi [decentralized finance] market share to its competitors. “Until Ethereum upgrades its systems and fulfills its promises to scale, I do not have long-term confidence in the network. That being said, I still think people will buy the token out of hype/promise/potential,” he added. Joseph Raczynski, technologist and futurist at Thomson Reuters, opined: “The Merge, an upgrade to Ethereum, should happen this summer. This could have an explosive effect on the token. People have been waiting for this for years. It should be far more secure, 99% more energy-efficient, and deflationary. If that isn’t the trifecta of potential, as a leading blockchain, I don’t know what would be.” Moreover, when asked about whether now is time to buy, hold, or sell ether, 61% said it is the time to buy and a further 32% said you should hodl. Just 6% said now is the time to sell. The experts on the panel include the COO of Okcoin, the co-founder of Coinmama, the CEO of Btblock, head economist of Consensys, the CEO of Delta Investment Tracker, the head of funds of Digitalx Asset Management, the founder of Origin Protocol, the CEO of Coinjar, a senior lecturer at the University of Canberra, an associate professor at Nottingham Trent University, and a director at the University of East London. TAGS IN THIS STORY Bitcoin, Crypto, Cryptocurrency, ETH Price, eth price forecast, eth price prediction, ether price, ether price forecast, Ethereum Price, ethereum price prediction, Finder What do you think about this ETH price prediction? Let us know send to [email protected]
Hello Happy New Year first you must know your target for investment in 2022 in many crypto project we have many category for invest in crypto. Normal Crypto Projects "Old Projects". Smart Chain Projects "Coin Based in Smart Chain Networks". DEFI Projects "Based In Interest and Lending". NFTs Projects "Non Fungible Token". Metaverse Projects "Play and Earn Gaming". Swap Exchange "Coin Based On Direct Wallet Exchange". Meme Tokens "A lot of Projects". We will Speak About all Above Project and best you must invest on it in 2022 just wait us in next Post. "We Will Speak about each Category Alone and what best coin you should invest on each category" '''''''' wait next for bexcrypto wealthy team for 2022'''''''''
Hello there....before start thinking about trade in Crypto World you have to read this well and arrange your target. You Must Know how much you gone to invest let's etc as 100 USD.You Must Know Capital Management Process for this 100 USD.If your target is increase your btc so you will have balance with 50 USD BTC and another 50 Dollar as USD Pax or Tether.Now we divided our balance to 50 % for trade and another 50 % is save as dollars.50 Dollar BTC we will go to 5 Alt coins and buy with 10 dollar in each one with trade signals so we have 5 Deals.Always be patient if market go up or down don't use your USD Pax or Tether Balance cause it will help you too much to win more.