If your crypto does not have a mobile wallet, it's not really a currency

Everyone can create a cryptocurrency. This is a surprisingly simple process, especially if you copy the code of an existing currency and give it a new name. This is how many cryptocurrencies were born, especially the most popular ones like the litecoin. But to create a cryptocurrency, extracting the first block is not enough: as long as this coin does not have its own mobile wallet and can not be used to make transactions, it does not deserve to be called a cryptocurrency. change.

The Internet is born on desktop devices but it If Your Crypto Does not Have a Mobile Wallet It's Not Really a Currencynow resides in our pockets - or more often our hands, since we rarely stop using our mobile devices long enough these days to put them away. When Satoshi published its white paper in October 2008, the office was still the preferred way to do business on the Web, but everything was about to change. 14 months ago, Steve Jobs unveiled the iPhone, inaugurating the beginnings of what would become the mobile revolution.

Meanwhile, Satoshi quietly continued his own revolution of cryptocurrency. By the end of 2010, the seed he had sown was germinating in a rapidly growing digital money tree. In 2016, the use of the mobile Web exceeded the use of desktop computers, and the crypto economy, which had stagnated over the past two years, exploded in life. Suddenly, everyone was getting coins and tokens, many of them mobile-oriented, and everyone was "tweeting", "Snapchattait" and blogging about cryptos.

There was just one problem: most of these new crypto-currencies were not really expendable. They looked more like future currencies, which would be usable in about 18 months, when the development team started to come out of the Android and iOS portfolios. Bitcoin can be expensive to send and Ripple might be useless to send, but at least they can be used as a form of currency, P2P or P2B. Good luck transforming the lives of unbanked people with your "cheap and fast" transactions that can only be sent from one office portfolio to another office portfolio.

La difficulté de nombreux développeurs est que le fait d’avoir une application approuvée sur l’App Store est un processus ardu et rigoureux. Apple n’accepte aucun code ancien, bricolé, ce qui est le cas pour nombre de projets de crypto-monnaie. En conséquence, les portefeuilles mobiles – pour iOS en particulier – se sont avérés être un point de blocage. Parmi les monnaies actuellement dans le top 10, la moitié n’ont pas leur propre portefeuille dédié.

Ripple, Cardano, Stellar, IOTA, and EOS all lack proprietary iOS portfolios, Ripple and Stellar are at least expendable using third-party portfolios. When one ventures out of the top 10, one discovers that very few coins have a mobile wallet; monero, for example, is still waiting for full iOS support. Mobile wallets take time and "do-it-yourself" to be perfect, so it's not the fault of development teams who are unable to publish these applications overnight. But until they do, all of their arguments for supporting thousands of transactions per second and allowing peer exchange are just examples.

Do you agree with the idea that crypto is not a currency without a mobile wallet?