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this post was submitted on 18 Mar 2024
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Technology
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Crypto would be great if the idea wasn't "zero-trust money exchange". That is the root of the problems with high payment fees, super slow transaction throughput and excessive resource (storage space, energy) consumption
But that feature is the whole point. The alternative is Paypal et al, which this very article points out the problem with.
Also, those problems are being addressed by the more modern cryptocurrencies. Bitcoin has fallen far behind the technical curve, I wouldn't bother with it frankly.
Which crypto is the easiest to actually use (send/receive), can handle 1k transactions per second (a bit under 5% of VISA's TPS) and is least likely to suffer wild price fluctuation? Honest question
I'm not a frequent user myself so I'm probably not the best to answer on the usability front, but for the combination of high TPS and low price volatility I'd probably recommend using one of Ethereum's stabletokens (DAI, USDT, etc.) on one of its layer-2 networks (such as Arbitrum or Optimism). Stabletokens are cryptocurrencies whose value has been tied to some external measure, in most cases the US Dollar, so they're ideal for use in commerce.