News 6 Reasons Why Bitcoin’s Adoption Grows Stronger

6 Reasons Why Bitcoin’s Adoption Grows Stronger

-

- Advertisment -

2019 was said to be the year which brings mainstream adoption for cryptos, and this was like music to the community’s ears especially after having to deal with the bearish trend that captured 2018.

Here are the main reasons for which Bitcoin’s adoption rate is on the rise.

Enhanced security

Compared to 2018, the computing power deployed on the Bitcoin network by users from across the globe has more than doubled, as reported by the Daily Hodl.

The number of daily active addresses is stable

This kind of stability is obviously an excellent sign, especially in a bear market.

Transaction volume has doubled

The fact that the transaction volume has doubled tells us that after the frenzy slipped away from the market, stronger and steadier trends have prevailed.

Transactions fee is down

At the moment, the average transaction fee is down to about 25 cents, and this is really cheap, a great factor that triggers adoption.

Bitcoin’s Lightning Network has grown

This is great and even greater is the fact that there’s more room to grow with basically no limit.

6 Reasons Why Bitcoin’s Adoption Grows Stronger

Other catalysts of adoption are popping up – positive rumors and predictions

The latest predictions on Bitcoin are really bullish and more significant names in the cryptosphere are foreseeing a bright future for the coin.

As an example, just recently the United Nations releasedreport on the global economy, and they call the crypto in general and Bitcoin a “new frontier” in digital finance.

According to the report, crypto and the blockchain technology at large have the potential to create brand new and revolutionary business models.

There are other movements that could trigger massive adoption, and the latest one worth mentioning is that Samsung seems to be preparing to launch its next flagship with a crypto wallet implemented.

If Samsung’s next flagship does come with a mobile wallet implemented, considering the success that Samsung has with its smartphones, this would be a massive step towards mass adoption.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...
- Advertisement -6 Reasons Why Bitcoin’s Adoption Grows Stronger

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

How has Bitcoin of America Changed the Cryptocurrency Industry?

Who is Bitcoin of America? Bitcoin of America is a U.S. based digital currency...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when...
- Advertisement -6 Reasons Why Bitcoin’s Adoption Grows Stronger6 Reasons Why Bitcoin’s Adoption Grows Stronger

You might also likeRELATED
Recommended to you