By what way should Bitcoin and other Cryptocurrencies do to improve?
By what way should Bitcoin and other Cryptocurrencies do to improve?
By all cryptocurrency and by Bitcoin, you will attain a probability to even at the ends of its journey give a mere decreased level of income for the miners, making it in particular not entirely attractive as it would have been from the beginning.
But as far now the increased rate as even with currencies like Pi, we encounter difference where miners are attaining a program like perhaps a coin where the mining operation is mere essential and does not need electricity to run or even generate coins. Power free coin offers a unique value, which increases the popularity of these coins as well, perhaps does give a reduced level of waste.
Somehow Bitcoin is just a play of random number generation of SHA256. But as far we see it, you might never generate any of this code to become of any particular value. It diminishes as soon as a miner operates for no reason than trying to find a unique code to the blockchain to even be accepted as an algorithm. So we have here a waste of electricity and no use.
In the future or by the future, the Bitcoin network could be used differently, as perhaps creating AI intelligence and computing AI intelligence. I’ve don’t say if it’s already there where SHA256; is computing alone the world’s biggest network of AI intelligence for AI to realize how to perform its actions in reality. Though AI needs a real recognition, and only SHA256 codes would interpret to recognize for an AI, what is a reality?
So perhaps there was already a plan in Bill Gates times where people would sit and brainstorm the whole thing how to make AI. And by these means your computer might send codes which transfer underneath the system as intelligent secret transfer underneath your computer. The code from and thus giving information to a different network, which does compute algorithms differently. As you have binary codes, this system might be underneath the code and thus then as well as HEX the code of binary to which implements it’s code FF as most significant as the value of 255. Therefore a system that I would call PEX would lie underneath and transcend even copy and paste code of Linux to nullify its code.
Though to the start of this topic, a mere best possible solution to near-perfect cryptocurrency would then be by reversing the reward of a block, which in fact in the first days of a coin would be with less interest but at levels of giving the lowest possible value of the discovery of a coin. Thus then giving increased value over time, providing value to the currency in fact in different proportions increased attention. As even no coin to this day also uses this reversed technology.
In the future, there will be an increased need for milliseconds of internet travel from Los Angeles to Singapore. Which takes 23 hours non-stop travel by plane. Would with 1-millisecond response change the interest of coins. Since newer systems as to use your capable power of processor or even graphic card to rent out the use of it to others would increase this use. As even Cern, a particle collider system could use in a way where the computer simulates this possibility without the need of a reactor to collide particles. In this possibility, the use of computing of your computer would be preferably done than even waiting 11 years for a collide.
By the use of cryptocurrency, we would need as well to reduce the increased level of scams, as making coins probable to reduce scam levels to a minimal. Then the need for more regulation to sell Bitcoin would become enforced upon such ways that there would need to identify individual levels of the use of Bitcoin. But this would increase the level of skepticism to the way the Bitcoin network is, of course, a decentralized network that is upon the peers available as a connection to the system, which you can’t just turn off Bitcoin Network. It’s nearly impossible unless an implemented malicious code into newer Bitcoin software would become where the forks which disallow older versions of the Bitcoin program and thus giving the new network of Bitcoin value to achieve such Hazzard.
Since the beginning, there were certain beliefs that even the use of a 51% attack would destabilize the network; such things are still possible, but less thinkable to do for the owners of the system. By this individual, coins in such way the miners in favor of all miners would apprehend the blockchain, and that way, implement a reasonable takeover of all transactions. Then implement their transactions to barely steal perhaps all 11.000 accounts, which in the old version private keys were most likely lost in which all the Bitcoin accounts hold a higher base value than even 25BTC.
Though the problem with many coins is often as well attack upon 51% where coins die out since the owners don’t fully know how to disable them from the network to accept a different or lousy blockchain, which often the coins have become mined in a faster tempo than the original blockchain. We’ve seen many currencies go away because of these attacks, and usually, coins disappear because of a different height than the blockchain. Thus there hasn’t been a full scale 51% attack other than to mix up two chains where peers of the network don’t fully know what to understand. What is the best blockchain, thus then changing in even 3-4 different versions of the coin, thus giving the pools which you mine through a problem of the cause to also stop working?
By these means, cryptocurrency has come to stay; maybe the implementation of an electricity-free use network would be the future?
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