Since its inception in 2008, the invention and implementation, started by the pseudonymous Satoshi Nakmoto, Bitcoin, and all the other coins and tokens that followed have created a revolution in decentralized finance and created over $2 trillion dollars in value (cnbc).
As public sentiment continues to evolve regarding cryptocurrencies and regulators around the world take aim at the industry, questions remain about its value and use.
Many investors have made significant gains on their investment while others have lost value as volatility of the crypto industry continues to plague its overall acceptance.
Cryptocurrency is growing from El Salvador making it legal tender to AMC movie theaters accepting bitcoin to buy movie tickets. These are just a few of the most recent examples of its growing acceptance.
How though does cryptocurrency truly move into the mainstream?
“It is the crypto businesses and community which will do that,” said John Davenport, Director of Sales & Marketing at Senoa. ”There are many in the industry working to create new ways that will help calm the volatility and create a safer coin”.
Senoa, a technology company operating as a decentralized social network and asset exchange based in North America, has made a major breakthrough for token holders by the development of a Settlement Pool that allows merchants to accept Senoa tokens as payment without the worry of volatility that is often realized in the cryptocurrency market.
“It is simply a game-changer,” said Davenport.
Another area where Senoa is pushing hard is its transparent business model which includes quarterly reporting.
“I really question a token or coin whose developer is Diamond Duck, Darkmoon, or the like” said Davenport. “It is important that those in the industry now come together to create a sustainable future. We must show the regulators and government agencies that the industry can self regulate”.
From nothing to $2 trillion in value and with a track record of 15 years cryptocurrency has demonstrated that it is better equated to gold than tulips.
In order for it to continue to develop and grow, new uses, like those being done at Senoa, need to be found and this will make cryptocurrency beautiful for all.