Video: Accelerating Bitcoin adoption points to a bright future
Bitcoin is a big deal. It is the first truly trustless, peer-to-peer payment s...
Bitcoin is poised for greater adoption as it hits another all time high.
Bitcoin is a big deal. It is the first truly trustless, peer-to-peer payment system that, for the first time ever, cuts out the middleman.
'Trustless' means all Bitcoin transactions can be done from user to user, without relying on any third party. This exciting crypto-currency is currently used by many major retailers (as demonstrated in the video below), including Starbucks, Expedia and even Victoria's Secret!
And it provides a simple way to make semi-private transactions without the hassle of having your ID linked to your payment. These transactions will clear much quicker than any bank cheque.
The public blockchain holds records of all transactions, so any user is able to prove their payment if the need ever arises. Because Bitcoin removes banks from the picture with electronic transactions, it effectively means that the user is empowered to be the bank. Sole responsibility of your funds fall on you, and nobody else.
It is indeed a paradigm shift, but one that is very exciting and quickly gaining more and more trust from populations around the world as they place their trust in Bitcoin over their bank account.
It is no wonder that Bitcoin was the best performing currency of 2015, 2016, and is yet again hitting all-time highs in 2017.
Eli Afran is the proprietor of CoinGeek.com
Ericsson: 5G will be fastest adopted mobile generation in hi
Ericsson’s June Mobility Report projects that nearly 600 million 5G subscriptions will be active by the end of 2021, making it the fastest adopted mobile generation in history.
The longer range forecast is for around 3.5 billion 5G subscriptions and 60 per cent 5G population coverage globally by the end of 2026.
China, the US, Korea, Japan and the GCC (Gulf states) will lead deployment, with Europe lagging behind. The latter got off to a slower start and has been mired in infrastructure battles over the provenance of hardware.
North East Asia is expected to lead 5G deployment with an estimated 1.4 billion subscriptions by 2026, while North America is expected to account for the highest 5G subscription penetration.
Key findings of the Ericsson Mobility Report, June 2021
5G remains on track to become the fastest adopted mobile generation in history with subscriptions increasing at a rate of about a million per day
China, North America and the Gulf Cooperation Council markets are leading the way on subscriber numbers, while Europe is off to a slow start
5G subscriptions with a 5G-capable device grew by 70 million during the first quarter of 2021 and are forecast to reach 580 million by the end of 2021
5G ready for 'advanced use cases'
Fredrik Jejdling, executive vice president and head of networks, Ericsson, said, “We are in the next phase of 5G, with accelerating roll-outs and coverage expansion in pioneer markets such as China, the USA and South Korea. Now is the time for advanced use cases to start materialising and deliver on the promise of 5G. Businesses and societies are also preparing for a post-pandemic world, with 5G-powered digitalization playing a critical role.”
Photo credit: Ericsson