On Saturday 1st of August, we were happy to attend the third conference celebrating the birth of Bitcoin Cash. Melis, although it is a multicoin wallet, is preferring to focus on the Bitcoin Cash environment because the ease and convenience offered by this cryptocurrency encourage fast and, above all, efficient developments. Unlike the prevailing narrative of the Bitcoin world, where news about a sort of "canonical financialization" of the cryptocurrency world is greeted with applause, now is the time for entrepreneurs. They will be the engine that will bring the world of cryptocurrencies into the next phase of Gartner Cycle: early majority. Speculators have done their job in allowing the cryptocurrency environment to have as stable a price ratio as possible. With this background, they can use their alertness to innovate.
And this is also the purpose of Melis, which as a service for users, must improve their user experience and not become entangled in the brain-bending diatribes of arrogant developers who take the place of the market. Having participated in the recent BCH event, entitled "Scaling the Globe", has reinforced the vision that on chain scaling is the most efficient and user friendly solution for old and new users in the world of cryptocurrencies. These parameters are fundamental if we want to push the mass adoption of cryptocurrencies, especially because we live in a world where the convenience of using technology, without compromise, is considered an almost inalienable right. It goes without saying that our history has been characterized by the influence of the user experience in deciding what to insert, improve or remove from the wallet features.
The past, in fact, has been characterized by the development of the desktop version, where the implementation of security options has reached the level of almost paranoia. The present, then, has seen a simplification of the wallet to better adapt it to daily expenses; Melis Lite was born, a drier version of the desktop wallet that enhanced the user experience. So, first the security and then the user experience. As for the future, however, we believe that we need to connect the present vision of individuals with the longer-term vision of children and/or grandchildren. This means developing a simple and intuitive way to bequeath your cryptocurrencies to those who come later.
It is a pity that we have not been able to better develop how crucial this point is, but to put it simply, the last pillar on which the current centrally planned system is based is the pension system. It goes without saying that the latter is the largest Ponzi scheme that history has ever seen. According to the most recent calculations by the US CBO, American Social Security will go bankrupt by 2029 (up to 3 years the date was 2033). This means that many individuals who have believed governments' lie that they would get during their retirement years what they legitimately paid during their working years, will face a rude awakening. A radical change in society and in the economy as a whole is upon us, given the final stages that the pension system has reached, so people will have to turn to something else to rebuild their stash for old age and, above all, to leave something to the their heirs. You can't beat something for nothing, so the cryptocurrency world will have to be prepared when that happens. And the development of wallet legacy becomes a priority, our priority.
Bitcoin Cash, although it undoubtedly needs further development, has all the characteristics that have made Bitcoin the best project/protocol that has been born from the modern technological era, plus a more user friendly scaling. Indeed, in the shorter-term future, Melis will offer its users full support for SLP tokens. In a world in which the tokenization of assets will become an increasingly widespread practice, the possibility of taking advantage of a technology already based on Bitcoin Cash, and above all more secure and decentralized than Ethereum, represents a considerable advantage compared to Bitcon Core. These factors, taken together, represent a considerable advantage for Bitcoin Cash which have the potential to increase its adoption and knowledge among the wider public. While BCH's ease of use, convenience and affordability are a winning card, they are not enough on their own to push individuals to look beyond the present. In the discussion on scaling in which we also intervened, we underlined the need to connect the temporal horizon of individuals from the present to the future focus. Intertwining these two timelines means opening a new concept in the minds of most people, that is, having the possibility to structure longer-term projects based on cryptocurrency technology (especially Bitcoin Cash). The creative destruction of entrepreneurs is at work to bring a new era of improvement within the cryptocurrency environment, pave the way for the new phase of the Gartner Cycle and of course take the services offered by wallets to a new level.
Yeah its impressive and i think its new era of crypto currency