The head of Coinbase called the 3 conditions necessary for the mass adoption of Bitcoin

According to the Coinbase Stock Exchange General Director Brian Armstrong, the massive transition of investors into the cryptosphere will begin after the three main tasks are resolved. It is about solving such tasks as:

Armstrong voiced this position in the middle of the week when he answered individual questions from representatives of the crypto-community.

Coinbase CEO stated that BTC and any other cryptocurrency will become extremely popular when their volatility is reduced, since the unpredictable behavior of each coin always worries a potential investor, and he is often forced to refuse to buy a digital asset.

In addition to the increased volatility of the cryptocurrency, Armstrong noted the negative impact of the low scalability of digital assets.

The Lightning Network solution is designed to solve this problem and significantly improve the performance of Bitcoin. Already, the network of the largest digital currency can compete with Visa and MasterCard payment systems.

With the continuous improvement of the Lightning Network protocol, the BTC network will be able to process more than 5,000 transactions per second, says Armstrong.

It is worth noting that many analysts had previously expressed a similar point of view. For example, a DataLight study says that a Bitcoin network over the next ten years could become the largest payment processing system in the world.

The third factor that should speed up the process of transition of investors to the cryptocurrency industry is ease of use, said the general director of Coinbase.

That is why developers must constantly improve the work of the network of their product in order to use any coin on the market as safely and comfortably as possible.

Publication date 07/04/2019
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