Predictions Of CEO Brian Armstrong
By Jamie Green – Crypto Expert
The CEO and CO-founder of US-based cryptocurrency exchange, Coinbase, believes that a privacy coin could have the potential to go mainstream during this decade. He even said that the integration of privacy features will potentially be noticed in major blockchains
Armstrong’s predictions are outgoing considering the crackdown on privacy-focused cryptocurrencies. He even focused on privacy as the spotlighting factor for the expansion of the Bitcoin (BTC) network.
The head of the Finance Committee of France’s National Assembly recommended a ban on privacy coins in March. However, in May Japanese exchange Coincheckdelisted four privacy coins leading to Japans Virtual Currency Exchange Association wanting its member to act accordingly. All of that makes Armstrong’s prediction that a privacy-focused cryptocurrency will reach mainstream adoption surprising.
What are cryptocurrencies doing for maintaining privacy?
When it comes to the integration of privacy features in major blockchains, some may argue that the process has already started. As Cointelegraph reported in June, some fear that Bitcoin’s increasing anonymity may be a threat to privacy coins. However, people continue to buy and sell Bitcoin due to its popularity.
It can be said that privacy is a prerequisite for investors to trust and engage in Bitcoin investing and make large Bitcoin investments. The process of enhancing privacy is continuous and requires upgrades to the network to ensure security.