sincerem
VIP Contributor
When it comes to changes i want to see Bitcoin record in the future, is as follows;
Stable transaction fees;
I don't like the fact that you'll be sending your low amount of satoshi to another wallet address, still face higher transaction fees. Making you not to activate "send again, cos you'll be spending more than you have in your wallet. Transaction fees should be lowered according to the amount of coins you're sending to another wallet. It doesn't make sense that you're sending a little amount of coins and your gas fee is by far greater than what you are sending.
* Adoption of strong security to curb high level hacking;
This one is another challenge that needs addressing, no single day you won't hear about phishing attacks. Like the one binance constantly experienced earlier before now, when $40 million worth of Bitcoin was hijacked by anonymous cyber criminals. Their should be more means of stronger securities implemented to curb the high level of phishing attacks. Cos no investor will love losing his or her coins in the hands of those criminals.
* Network delay:
the delays in processing Bitcoin from one wallet to another is tiring sometimes. I don't like waiting for hours to see my coins reflect on the destination I want it. They should follow bank system to activate transfer of funds immediately. If you want to receive your Bitcoin faster within short period of time you need to pay extra charges, so the miners can accelerate your transaction process. I don't think that is worth it, in the banking system any amount of cash is processed asap without any recurring charges attached to it.
What other changes do you expect to see around Bitcoin in the future??
Stable transaction fees;
I don't like the fact that you'll be sending your low amount of satoshi to another wallet address, still face higher transaction fees. Making you not to activate "send again, cos you'll be spending more than you have in your wallet. Transaction fees should be lowered according to the amount of coins you're sending to another wallet. It doesn't make sense that you're sending a little amount of coins and your gas fee is by far greater than what you are sending.
* Adoption of strong security to curb high level hacking;
This one is another challenge that needs addressing, no single day you won't hear about phishing attacks. Like the one binance constantly experienced earlier before now, when $40 million worth of Bitcoin was hijacked by anonymous cyber criminals. Their should be more means of stronger securities implemented to curb the high level of phishing attacks. Cos no investor will love losing his or her coins in the hands of those criminals.
* Network delay:
the delays in processing Bitcoin from one wallet to another is tiring sometimes. I don't like waiting for hours to see my coins reflect on the destination I want it. They should follow bank system to activate transfer of funds immediately. If you want to receive your Bitcoin faster within short period of time you need to pay extra charges, so the miners can accelerate your transaction process. I don't think that is worth it, in the banking system any amount of cash is processed asap without any recurring charges attached to it.
What other changes do you expect to see around Bitcoin in the future??