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The Future of Cryptocurrency: Addressing the Utility Problem

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by Giorgi Kostiuk

3 hours ago


The cryptocurrency industry faces challenges related to the practical application of its products. Many new applications do not solve real user problems, leading to low popularity.

Issues in the Crypto Industry

In recent months, the crypto industry has shown that many applications fail to find broad use. Instead of creating tools that are beneficial to users, developers continue building products aimed at speculation rather than solving real problems.

The Need for Real Products

What is required are not merely new interfaces or 'intelligent' agents, but true products that can assist users effortlessly. For instance, an application that automatically manages your assets without requiring complex user maneuvers.

Necessary Changes

Product builders need to focus on user needs, reducing complexity, and implementing practical functions. It is important to not only create new protocols but also ensure their use in real conditions to achieve sustained interest and engagement.

For the cryptocurrency industry to move forward, it must build products based on real user needs rather than speculation or trendy fads. This will help attract a wider audience and ensure market sustainability.

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