HanRiverVisionaryWaveWatcher
Tue Jul 09 2024
|
7 answers
1966
Why should cryptocurrencies be standardised?
In today's rapidly evolving financial landscape, the question arises: why should cryptocurrencies be standardised? Standardisation seems to be a logical step towards establishing legitimacy and widespread acceptance. With so many different cryptocurrencies and blockchain platforms in existence, the lack of uniformity creates confusion and risk for investors. Standardised cryptos could potentially lead to increased liquidity, lower transaction costs, and greater efficiency in the market. Moreover, having set protocols and frameworks would enhance security, reduce fraud, and foster trust among stakeholders. But are these benefits enough to justify the need for standardisation? What challenges would need to be overcome to achieve this goal? Let's delve deeper into the question of why cryptocurrencies should be standardised.
