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"There are few tangible uses for Bitcoin (BTC) and its underlying blockchain technology," according to an article in the Wall Street Journal (WSJ) published on January 1st.
According to WSJ, in 2017 the current development of cryptography "took second place to get rich". The article also states that "at the beginning of 2018, the question was whether Bitcoin could live up to the setting of the maniac of 2017", and at the end of 2018 the answer was "no".
Andy Bromberg – the founder of Coinlist – a law enforcement token sales management platform, explained that the next step for Crypto was to understand "how we can turn this technology into products that people can use". However, according to the article:
"Bitcoin and the hundreds of other digital currencies that have popped up over the years are still largely usable only by developers."
Developing apps for the Ethereum platform (ETH) is much less intuitive than other non-blockchain platforms, according to the WSJ. For Ethereum, there are no development kits currently available to create an & # 39; app for iOS or Android, so "creating a similar app for the Ethereum platform involves developing an entire suite of tools to connect the app to the platform itself ".
However, WSJ admits that new institutional investors could enter the space when Bakkt will be launched by the Intercontinental Exchange (ICE), the operator of the New York Stock Exchange (NYSE). As reported yesterday by Cointelegraph, at the beginning of 2019 the timing of the launch of future Bakkt Bitcoin (USD) newspapers will be clarified.
The article states that "despite the entry of some established Wall Street players, scammers abound." This idea is in line with statements by Jed McCaleb – co-founder of Stellar – who recently stated that "ninety percent of these projects [that aren’t Stellar, Ethereum (ETH) or Bitcoin] they are B.S. "
The Wall Street Journal recently published research in December, according to which hundreds of cryptographic offers showed signs of fraudulent activity, improbable returns and plagiarism.
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