What are the requirements for Cryptocurrency mass adoption? — Infographic
I believe that cryptocurrency will take over fiat currency sometime in the future. For that to happen, I estimate that all cryptos will need to possess the following metrics:
- Stability — can the network achieve price stability, either through network design or price stabilizing features?
- Scalability — can the network perform a payment settlement in a few seconds, even under a large-scale and sustained network load?
- Privacy — are network users given the right tools to achieve adequate levels of anonymity and fungibility?
- Decentralization — can the network’s governance remain independent from coercion and collusion by central authorities or major stakeholders?
Here’s my system in a matrix infographic for comparing the network’s characteristics against other cryptocurrency networks. Enjoy!
Disclaimer: Please note that what each crypto’s claims and my analysis of it may be different and I could be biased toward Xank since I’m the creator, but these are the reasons why I’ve started Xank project.
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If you like to add another crypto to this chart or disagree with my analysis, feel free to comment below and let others know why.
If you want to know more about Xank stablecoin, please read my earlier post — Inherent Stablecoin Challenges That Xank Is Set To Overcome.
If you want to download an interactive PDF version of this infographic, download it from here.
Translation of this post is available in Korean.