Many companies are trying to create cryptocurrency. Their goal is to solve payment problems. Some companies have guaranteed cryptocurrency appreciation in order for people to buy up their currencies. They promised good returns to currency holders. However, almost all of these ICO projects have failed.
One of the main reasons for the failure is the underestimation of possible risks.
Companies were in a hurry to launch their cryptocurrency and focused all their attention on the currency itself, and not on how you can earn it. It turned out to be too risky and soon investors stopped supporting such projects.
The second problem of cryptocurrencies is the problem of scale.
This problem is directly related to ERC-20. Limited network capacity of 15 operations per second. For example, in the VISA network there are approximately 2000 operations per second. The potential was struck by the fact that many cryptocurrencies were created for the purpose of getting rich quick.
Although in fact this refers to one game – Cryptokittes, which included feline currency. It was released in 2017 and soon became popular. The game slowed down the platform, absorbing 25% of all operations, and this is a normal game.
The third problem is the weakened security system.
In 2018, many cryptocurrency exchanges had to stop trading due to for the appearance of a bug called batchOverflow.
Is Bitcoin BCH the solution to the problem?
This network is designed to increase the scale of on-chain transactions. It also has a security advantage with the bitcoin network infrastructure. Bitcoin BCH has secured support for many transactions, including tokens.
Market decline
Market situation plays an important role. In November 2018, bitcoin dropped significantly in price, followed by all other cryptocurrencies.
Tokenized solution to the problem
This company presented an idea that facilitates the creation of on-chain tokens for Bitcoin BCH. The organization has provided developers with real solutions to cryptocurrency problems. For everyone, the new solution will allow the creation of many functional cryptocurrencies.
Cryptocurrency in a casino
A casino like Fancy Name could be aware of the currencies of the same name for their business. The cryptocurrency could be in dollars in a 1: 1 ratio. Operators would offer currency in exchange for the redemption of tokens or bitcoins. Fastest withdrawal online casino Australia successfully apply this technology. Find the best ones here – https://bestnetentcasino.info/en-au/safe/australian-casinos-instant-withdrawals.
Any problem related to cryptocurrency can be resolved through a court absolutely legally.
