Andy
Software developer, entrepreneur. Currently exploring Blockchain, ML, and CV.

Challenges Facing Cryptocurrencies and How They're Being Solved

It's still the early, wild west, days in the world of cryptocurrencies. There's so much day-to-day drama that it's easy to lose sight of the overall direction in which things are moving.

I want to zoom out and take a look at some of the major risks and problems facing the industry and how they might be addressed in the near to medium term future.

1. Transactions are slow and expensive.

2. Too volatile to be a currency.

3. Governments will shut it down.

4. There are too many different coins.

5. It's bad for the environment.

6. It's not user friendly.