How are Cryptocurrency Exchanges Getting Better with User Experience?
Digital money is a reality today. With the advent of blockchain technology, many cryptocurrencies have entered the market. In particular, Bitcoin Ether, and XRP have gained massive popularity in recent times. They have emerged as a digital alternative to the traditional methods of exchange. A few studies highlight the growing impact of cryptocurrencies in the world economy. As per their findings, 17 million bitcoins are in circulation today. Also, the global value of bitcoins has touched $10.1 trillion. Look at the stats, aren’t they humongous?. Mark my words, cryptocurrency development services are all set to revolutionize our lives.
That is to say; cryptocurrencies are developing as a great alternative to the physical money. Though cryptocurrency development services have their share of complexities, there is no sign of them slowing down. Efforts are going on to make cryptocurrencies more secure and stable. Also, many companies in the digital money space are opting for KYC verification. So, things are changing for good in the real sense. Sounds interesting, doesn’t it? Wish to know more? Want to know how cryptocurrencies can change the way enterprises run? How are they getting better with user experience? I’ll try to make things easier for you. Have a look:
● Scaling Issues
There is no denying that bitcoin is very popular. The potential upside in it, in 2018 stands at a massive 150%. But, scaling issues is a problem that needs redressal. At present, bitcoins can handle 6-7 transactions per second. That’s quite slow in comparison to credit cards. So, how crypto companies are solving this problem? With an expansion of the user base, blockchain technology companies are now using Lightning Network. It allows for transactions of the blockchain. Also, it increases the speed to infinite and makes the transaction cost zero.
● Legitimate ICOs
With more use of cryptocurrency development services, legitimate ICOs are growing. The Initial Coin Offerings have led to a more significant interest in ethereum. A market cap of $200 billion is a testimony of that. The way things are shaping up, the demand for digital coins are all set to touch the sky.
Legal stability and certainty is a must for any market. Today, many countries started regulating bitcoins. In Japan and Australia, they are now a popular means of exchange. Individuals and companies are investing in bitcoins on a large scale. Therefore, with tight regulation, the confidence of users in cryptocurrency wallet development services has also become strong.
● Institutional Money
With an improved user experience, the flow of institutional funds has increased. A few reports suggest inflow of $10-$12 billion into the cryptocurrency ecosystem. This increased funding has propped the market of bitcoins to around $500 billion. So, the future is all set for digital currencies to disrupt the market.
Hire the best Cryptocurrency Development Company in India!
All in all, cryptocurrencies hold immense potential to change our global economic system. They will allow us to have complete control over our money. We at Signity Solutions, being the best blockchain development company in India have years of experience providing the blockchain and cryptocurrency development services. So, if you also wish to learn and use cryptocurrency services, we are happy to help you out. Hire our outsourcing team and we will provide the best services. Feel free to reach us. We will revert at the earliest.
Latest posts by Priyanka Mehra (see all)
- Trends and Challenges for SMBs in 2020 - December 17, 2019
- Know About the Newly Launched Serverless Developer Platform by Zoho - December 6, 2019
- 5 Reasons to Consider the New Salesforce Einstein Service - September 2, 2019