What do you need to consider the main area of ​​cryptography? For me personally, one of the main indicators of the adoption rate is the percentage of those who are involved in the space and interested. The world now belongs to millennia – generations Y and Z, which we recently considered children – if they are not now, they will become economic engines in the near future. 83% of millennials surveyed said in a recent survey that they had invested in cryptocurrencies. It seems impossible to stop the decentralization process, i.e. mass adoption is inevitable – it is still happening.

But that’s just my opinion. To find out more about this issue, I reached out to various experts in the cryptocurrency and blockchain industry and asked them, “Do you think the mass adoption of the crypt began in connection with the end of 2021? What can help him achieve the public recognition it needs? ”

PrimeBlock’s Alan Konewski
Alan is a senior legal officer at PrimeBlock, a regular bitcoin mining company, infrastructure solution provider, and a member of the North American Bitcoin Mining Council.

“The question is, what is the purpose of mass adoption? Mass adoption as a speculative asset like stocks and bonds? Mass adoption as a form of payment? Mass adoption as a deposit of valuables? You need to think carefully about the situation. current because when considering cryptocurrency as a means of payment, there is still a lot of work to be done.

Much progress has been made when considering crypto as an asset to invest in or as a limit to macro inflation. Bitcoin will never be widely accepted as a means of payment and cannot expand around the world for this purpose. However, bitcoin is increasingly perceived as a speculative asset and, for some, as a store of value between institutional and retail investors, including in the form of ETFs and pension plans.

Alexander Mitrovich from a unique network
Alexander is the CEO and co-founder of Unique Network, a scalable blockchain for NFT with a developed economy built for Polkadot and Kusama.

From the very definition of “mass acceptance” – which means critical mass – no, we haven’t scratched the surface of the widespread crypt. If the majority of global consumers use cryptocurrency or own NFTs and participate in DAO without knowing they are using blockchain-based technology, that will happen when mass acceptance is achieved. I think this spark is alive, but it requires deeper integration, accessible tools that ordinary people can use and disrupt the current technological paradigm before they can say that there is too much flexibility in technical and economic design or that there is. cryptocurrency. received wide recognition. ”

Anton Bukov of the 1-inch line
Anton is the founder of 1inch Network, a distributed network of decentralized protocols.

“Mass reception requires public access, but the Ethereum Highway is not suitable for this right now due to the very high gas tariffs. As you can see, many users have switched to side chains such as BSC, Polygon, Avalanche , Solana et al. To avoid them Unfortunately, the Ethereum Optimistic Rollup level – two solutions such as Optimism and Arbitrum – is still in the early stages of alpha or beta development and the Ethereum zk-rollup level – zkSync and zkPorter – has not yet been released. looking forward to the launch of all new blockchain technologies in 2022! ”

David Shuttleworth of ConsenSys
David is a global community of developers, businessmen, programmers, journalists, lawyers and others involved in the ConFSys DeFi economy, creating and promoting blockchain infrastructures and peer-to-peer applications.

“2021 was a year of many blockchain milestones: from significant performance improvements, from Ethereum EIP-1559 connectivity and the growth of competitive tier-one networks like Solana, to the growth of institutional investments like BlackRock, Citibank and more. . The Bitcoin visa has become legal tender in El Salvador. However, the cryptocurrency is still far from being widely accepted. Some of the reasons are due to the widespread lack of easily accessible and user-friendly interfaces. For cryptocurrency ecosystems, they are not available outside of basic interactions such as trading on centralized exchanges (which, not surprisingly, makes the user interface and user experience part of their core business). Digging and navigating between chains and DApps can be unnecessarily challenging, even for local cryptocurrencies.

Source: CoinTelegraph