The Future: Digital Assets Extend Outside of Bitcoin

Blockchain technology has successfully disrupted the financial sector. Its scope has brought the creation of digital assets such as Bitcoin (BTC), Ethereum (ETH), and other digital assets. However, we are now at a crossroads of where the future lies.

We are in an era where the influence of blockchain is hardly seen outside the traditional financial world. But this technology will certainly cut across sectors to create sustainable solutions no one has questioned their problems before.

Digital Assets Riding Disruption

Over the years, blockchain has provided us with disruptive technological innovations that allow us to conduct financial transactions or business activities with ease. This disruption is more efficient and secure than the traditional methods.  Above all, transactions occur with the speed of light.

It has a higher advantage when compared to the procedures that engulf our democratic, economic, and legal systems. As a result, the digital space is not only changing the transactional methods. It is also changing how we can structure regulations and maintenance structures for administrative control.

Each generation has witnessed the influence of technology in how we make financial transactions. This slides across the establishment of modern credit cards in the 1950s, the first internet sale made in 1994, PayPal in 1998, and how Satoshi Nakamoto introduced the blockchain revolution around 2008. Although the big fishes in the financial sector are not on the fence anymore, big banks across the globe are getting exposed to this disruptive innovation.

The hack events that occurred in 2016 made crypto faced the first international regulatory action in Japan. This happened after Mt. Gox experienced Bitcoin theft. As a result, regulatory bodies started examining how they can involve in crypto while ensuring participants with features that make the financial market successful. These features include general market efficiency, predictability, and security.

One of the chief aims of businesses and regulators is to provide market participants with enough marketplace protections to encourage participation. This marketplace can either be digital or otherwise. The result leads to participants getting exposed to risks that can either be long-term or short-term. This points to regulators having existing rules for the marketplace.

Meanwhile, the future of digital assets is not only determined by the governments and the regulators. Instead, the public, leaders, and investors are involved in shaping the future of digital assets.

Language Evolution in the Digital Asset Space

With an increased maturity of the crypto industry, there will be language evolution while adoption and regulation revolve around the marketplace. As such, mainstream media and the public will have a different perception of digital assets.

As much as this evolution will occur, some terms like HODL and FUD will retain their unique nature. These languages will not disappear from the crypto space. Investors should rather allow their space to embrace the language evolution and existence of established terms.

The collaborative efforts by institutional finance to incorporate crypto into the finance sector made it possible to witness the emergence of innovative finance efforts. This ranges from brokers, neobanks to banks and family offices. This language evolution will occur due to big investors diversifying their portfolios into digital assets infusing with legacy assets such as gold.

However, the administrative chamber and the public are encouraged to start seeing crypto beyond Bitcoin. It is advisable to study the industry beyond a single token resulting from it being the most discussed. Instead, we should focus on adapting the technology into money, financial management, and payment systems.

Crypto Industry is Beyond a Token

It is recognizable that the advent of Bitcoin and other crypto coins subject blockchain to a technological investigation. As such, blockchain is more about solving contemporary problems than discussing it as a tool that replaces fiat currency via crypto. This is a misconception from the public.

But the crypto industry has experienced a large influx of participants over the years. This is a result of an individual investigation into the use cases of each coin. Thus, individuals have the liberty to engage crypto coins based on their diligence. An example of such digital currencies is Tether (USDT) which is tied to U.S. dollars. Employers can pay salaries with this while staying away from Bitcoin volatility.

Future Predictability

The mature digital asset industry is here, and that’s the future. It will be an industry-created from the synergy of government officials, investors, smart technologists, exchanges, and the public. This novel industry will have its values perk on honest communication, transparency, and predictability. And it will give the participants an insight into which digital asset has true value and which has a wrong cause.

We have seen different technological advances, and those that live solve our immediate problems. This is the same thing blockchain will help us achieve. Its adoption will span across the industry to solve problems none had ever thought of.

Facebook
Twitter
LinkedIn
WhatsApp
Telegram
Reddit

More to explore

SafePal

What is SafePal (SFP)?

SafePal is a cryptocurrency wallet that helps people/users safely keep and grow their digital assets. It is a powerful asset management platform

Groove

What is Grove (GVR)?

Grove is a decentralized, safe, and secure green token created for the future of the earth. Grove Token describes itself as a

biswap

What is Biswap (BSW)?

Biswap is the first DEX platform on the market with a Multi-type Referral Program and the lowest platform transaction fees. They are

Get on the VIP list!

Get company and PTPWallet updates and news sent straight to your inbox. No spam. Unsubscribe at any time. 


Get on the VIP list!

Get company and PTPWallet updates and news sent straight to your inbox. No spam. Unsubscribe at any time.