• bitcoinBTC$%
  • ethereumETH$%
  • litecoinLTC$%
  • rippleXRP$%
  • bitcoin-cashBCH$%
  • moneroXMR$%
  • dashDASH$%
  • eosEOS$%
  • zcashZEC$%
  • cardanoADA$%
  • neoNEO$%
  • binanceBNB$%
  • stellarXLM$%
  • iotaMIOTA$%


Cryptocurrency Adoption Is Growing, But US Needs To Adopt A Solid Blockchain Policy

Shine Li   Jul 30, 2020 18:05 2 分钟阅读

In order to be ahead of other countries in the ever-growing industry of blockchain, the US needs to come up with an enforceable and consistent blockchain policy.  

Blockchain Industry Is Changing

 

With the current focus on technology moguls and the growing competition within the industry, including the recent July 2020  antitrust hearing of the “Big Four” tech companies and US Congress, coming up with an established blockchain policy is very important for the crypto community to grow. Also, it will enable US to stay in the lead, making it not only the trading monopoly of the world along with China, but also the leader in blockchain industry.  

 

The Importance Of a Good Underlying Blockchain

 

With the rising popularity of cryptocurrency investments and the recent Bitcoin bull runa good blockchain infrastructure is considered essential and crucial by many investors in the field. Digital dollars, cryptocurrencies and tokenization all rely on the blockchain ecosystem. However, that is merely the beginning of what blockchain can do for the economy at large. 

 

For the benefits of blockchain technology to be reaped by global economy and for the advancement of mainstream adoption of cryptocurrencies, a blockchain policy needs to be developed and enforceable at the national level.  

 

Bitcoin and Ethereum Race

 

Bitcoin and Ethereum, the two biggest names in the cryptocurrency market, have both been having good bull runs lately.  Ethereum has plans of updating their blockchain ecosystem and launching Ethereum 2.0 mainnetwhich is said to have bigger data capacity. 

 

Another key feature of Ethereum 2.0 is that it will run on a Proof-of-Stake consensus algorithm instead of the current Proof-of-Work Ethereum mainnet. This will enable users in the Ethereum network to lock up their accumulated digital coins and get paid for helping secure the blockchain.   

 

Bitcoin Surges Ahead Bullishly

 

As for Bitcoin, the cryptocurrency recently surged in pricing on the market, passing the $10, 000 mark. This was exciting for many crypto investors, including Gemini CEOs Tyler and Cameron Winklevoss. The cryptocurrency experienced a surge of as much as 15%, which is groundbreaking, as it is the highest price since last August. 

In order for cryptocurrencies to continue being popularized, to attract more investors and to draw people away from traditional markets, a clear, concise and understandable blockchain policy must therefore be established.  

 

The leading countries in crypto – USA, China, Singapore, among others  are therefore in a neck-to-neck race as to see who will be the first to instill one. 


Image source: Shutterstock

**声明:本文为“Blockchain.News中文网”原创稿件,版权属Blockchain News所有,转载须注明
"稿件来源:https://Blockchain.News",违者将依法追究责任。



欢迎加我们Ellie微信账号:s971030


阅读更多