Blockchain technology to dominate

What kind of trends do you foresee in crypto and blockchain technologies over the next few years?

 Blockchain technologies will certainly continue to dominate the disruptive tech landscape in 2018. In particular, we see 2018 as a big year for the growth of Bitcoin Cash – the cryptocurrency that most accurately mirrors the original vision of Satoshi Nakamoto as outlined in the 2008 Bitcoin White Paper.

Bitcoin Cash emerged in August 2017, forking off from the legacy Bitcoin Core chain, with a commitment to bigger blocks, faster speed, and lower transaction fees – which are the keys to create a peer-to-peer electronic cash system that can rival the VISA and Mastercard global payment systems.

Those elements are necessary to create enterprise-level payment and technology systems. While legacy Bitcoin Core has attracted much attention in late 2017, Bitcoin Cash has been quietly gaining traction.  Bitcoin Cash is now set to take off further in the next 12 months as awareness of the benefits of a truly scalable (and decentralised, immutable) cryptocurrency become clearer in the eyes of business leaders.

 How to you foresee the gaming industry response to these trends?

 Online gaming is one of the first industries that adopted Bitcoin for payments. As Bitcoin Cash rises in recognition and usage, I expect to see online gaming companies move from Bitcoin Core to Bitcoin Cash.

Bitcoin Cash transactions can be sent for very low fees – as little as 1 or 2 cents (in U.S. currency), and can be confirmed quickly. In comparison, the legacy Bitcoin Core chain is slower and its fees have become prohibitive – costing upwards of $20 to send a transaction. Such high fees and a slow transaction network will not work for online gaming, or any other industry.

As Bitcoin Cash rises, I also expect online gaming operators to begin integrating with Bitcoin Cash wallets and experiment with in-game micropayment features that use Bitcoin Cash.

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