The 4 Most Common Issues When Scaling Crypto Market Cap and How to Fix Them

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While blockchain and crypto-assets have a huge potential, the technology remains far from perfect.

The 4 Most Common Issues When Scaling Crypto Market Cap and How to Fix Them: a blog about scaling tips.

A $1 million TPS is nowhere near enough, as crypto market capitalization grows exponentially. In fact, we already saw it being one of the top concerns in 2018, when crypto assets took off and hit their all-time highs.

What’s more, high transaction costs are making it impossible for cryptocurrencies to be used for everyday purchases – whether online or in brick-and-mortar stores. While credit card processing fees are usually around 2% per transaction and they go down as the volume increases, Bitcoin transaction fees were above $20 during the 2017 boom and remained at an average of $2 in August 2019.

The 4 Most Common Issues When Scaling Crypto Market Cap and How to Fix Them: a blog about scaling tips.

As more people are introduced to the blockchain industry, this brings new challenges for developers, and we have seen multiple projects dealing with scalability issues, such as high fees, slow transactions times, and other problems related to Bitcoin’s massive growth.

Cryptocurrency market cap is a good example of that. In 2017, the total market cap of all cryptocurrencies reached a record-breaking $835 billion. That’s a big number! But at the same time, it’s not really surprising that the crypto market cap has gone up so much in such a short span of time because there was an exponential growth in the number of users, exchanges and companies that started using blockchain technology.

Cryptocurrency is here to disrupt the business world in a big way. But, if you want to get your crypto market cap to scale, you’ll need to overcome a number of challenges along the way.

The team at Blockchain WTF recently published an article that discusses some of the most common issues when scaling crypto market cap and how to fix them.

Read on to learn more about these pitfalls and how to avoid them so you can ensure your crypto project is successful.

In this article, we’ll discuss what happens when you scale too fast and what happens when you scale too slow when it comes to crypto market cap. We’ll also look at the costs of scaling too fast or too slow as well as tips for overcoming these common challenges.

Since the crypto market started to explode in 2017, one of the most popular and useful tools that traders and non-traders alike use is crypto market cap.

To explain what crypto market cap is: it’s a tool that gives you the total value of all cryptocurrency assets in circulation.

It provides you with important information about individual coins, such as:

The circulating supply of a coin is an important metric because it tells you how much there is in circulation right now. In some cases, if a coin has a huge total supply, but only a small amount in circulation, then the price of the coin could go up significantly.

In addition to this, each coin has their own individual trading volume which tells you how much money has been traded for each coin within a certain time period. And finally, each coin has their own individual price which gives you an idea of how much each unit of the coin is worth at that present moment.

But what exactly are the problems with using crypto market cap? And how do we solve them?

Let’s take a look at four different issues that are common with using crypto market cap and how to solve them.

When an opportunity arises, it’s important to approach it head-on. The cryptocurrency market cap is growing exponentially. If you want to stake your claim and earn money in the crypto space, now is the time to get involved.

The market cap for all cryptocurrencies is currently $272 billion. It has a long way to go before it reaches the total value of gold, which sits at a whopping $7 trillion. For perspective, if the cryptocurrency market cap reaches that of gold, bitcoin will be valued at $350k per coin.

There are issues that arise as the crypto market cap grows and developers must find ways to overcome these hurdles. The following are the most common issues with cryptocurrency and how best to handle them.

1) Transaction Confirmation Times Are Too Long

2) Transaction Fees Are Too High

3) There Are Limits on Scaling

4) Blockchain Is Not Efficient Enough

As you start to scale, there are a number of issues that arise. You can break them down into four categories:

Performance problems

Productivity problems

Scaling costs

Scaling efforts

This blog will walk through the most common issues in each category and provide actionable advice on how to begin solving them.

Cryptocurrency is a digital currency that makes use of a technology called blockchain to record and monitor transactions. There are over 2000 different crypto tokens in the world today, and this number is growing by the day.

Crypto market cap refers to the overall value of all cryptocurrencies in existence as at any given time. The market capitalization is calculated by multiplying the price of one specific coin against its circulating supply.

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