Scalability in the crypto bizz

Lately I've been reading a lot of articles that mention scalability as a risk on future development of blockchain based currencies. How important are scalability matters for the end user? Would you opt for projects who are tackling these issues?

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could you further explain fren? if this would affect me in the long run yes, I would choose projects that take this into consideration. (currently I hold Monero, ETH, SKY, Ambrosus)

SKY can process more transactions than BTC per second that s all you need to know

The scalability issue is important when talking of the future of a specific coin. Right now it is estimated that there are around 5.8 mil active wallets , but most of the current coins are seen as a liability due to the fact that exchanging them is troublesome. The easier it is to scale the production and usage of a coin the safer the investment is. With grater numbers of coin users and coin producers, the market will have a right balance and the risk will decrease

just use a good exchange (eg. Binance) and you 'll be ok. Ofc newer coins may not be listed.. all of the above user s coins are listed though

I can relate, it felt a bit difficult before SKY was listed on Binance, since then it works like clockwork.. this has the fastest transaction speed I have ever encounter. I send out a lot of payments in SKY, i cant use BTC since it can take up to to two-three days for the transaction to be completed

Scalability is one of the most discussed concept in crypto. When u chose the coin you look at scalability which depends on many variables, such as method of consensus, block size (if applicable), underlying technologies and blockchain speed.

BTC is outdate on this matter, only 7transactions per second , still uses mining and PoW , mining pools make it difficult to scale and the small users get only scraps

So man, take ur coins and analyse these I know about SKY, because I am more interested for it, that is working hard on respecting the scalability.
But, sure u can find about the others with a bit of research

Yes SKY has a better framework, afterall those who worked on first blockchains joined hands to build skycoin .Obelisk algo switched PoW and PoS for a trust system that spreads influence across it s node network

If you re thinking of investing on a longer period of time , SKY can really be what you need , fast transactions, inexpensive hardware, no transaction fees because of CoinHour system, native apps done with their own programming language CX, and the thing that might interest you more is the OTC that lets you buy Skycoin from the Skycoin wallet and lets you change currencies free of cost

Why pay a fee when you can have this feature for free . Crypto biz has a long way to go and decentralization is the new trend , bringing crypto closer to normal people and making it more accessible in terms of price and knowhow is sure a good way to increase the scale of ussage of blockchain

It is important if you want to be able to make near instantaneous transactions. I would support projects trying to tackle these issues because they are working toward the goal of mass adoption. Look into Plasma for ERC-20 token network scaling.

Long-term is essential, sky with the horizontal scalability is already talking about future apps such as decentralized virtual reality streaming services which would need millions of tb of decentralized storage, decentralized caching, and lightning-fast network.

Scalability will not be a problem for much longer , I ve read that Bithumb from South Korea is already negotiating partnership deals in order to accept payments in a vast range of currencies.
Such incentives can be noted in the U.S also , where they research the fesability of paying taxes in crypto . I think that newer generation crypto will have lots to gain in a increase of scalability , especially whithin a state system

The mass adoption of new age coins can serve as a strategic economical movement , due to the fact that many national economies suffer from high inflation . Take Turkey for example , their lira inflation reached double digit figs . That led Turkey to be country with most crypto owned , with numbers bigger than any major European nation

So, that is why Sky is going to break into the Korean market. Make sense now

fuck off, samefag.

It depends, scalability can be important to the end users only it is done all round , going from price and implementation accessibility , to use of coin , exchanges , transfer speeds , collective privecy and security, a lean market balance. Scalability can be best observed on a global level , that s when the end user will reap the rewards of such a framework

I for one am good with the current exchange options . Don t want to change my approach atm when the market si going down and down . When and if mooning should start for my coins i ll be sure to research other options

even if there are new projects like sky which came upfront with solutions, I m afraid that is not enough, further investment is needed in order to educate the public
Like, if I m a btcmaniac, I won't give up on it just because someone else had something better, I d push for it to get fixed until there is no room for improvement.
But I could embrace the second too, half in, half out. I mean, btc is adopted and we can already use it for daily life stuff. At the end of the day, this is what matters for me.

Fake news

On top of the game

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didnt they just banned crypto coins in Koreea? or am I mistaken?

that s exactly what I was saying. fastest payments in crypto, all my employees get paid in SKY.. sure, conversion and taking money out of ATMs is their problem, but from my side the transfer gets done in 2 secs