In a recent interview with Bloomberg, Ethereum founder, Vitalik Buterin said something to the effect that, the promotion of decentralized systems and cryptocurrencies has hit a dead end. He also stated that the future is in making decentralized systems as effective as centralized ones to incentive users.
While his statement is specifically aimed at Dapps, it applies to the entire crypto market in general. For instance, if someone has to shift from using fiat-based methods of payments to crypto, there has to be a real incentive to do so. Just selling decentralization alone will in the long-run not cut it. People have to get something extra than what they are getting from existing systems.
And that’s why Dogecoin takes the prize. One of the key factors that will play a role in the adoption of decentralized systems is dumbing down everything so that it is easy to understand. A quick look at a majority of crypto websites, you will realize that most of them bombard the user with lots of technical information that the average user may neither understands nor needs to understand.
On its part, the Dogecoin website is something simple and easy to understand. The Dogecoin website and is made in such a way that, even someone who has never heard of crypto before will like it. It is easy on the eye, and quickly informs you that Dogecoin is an easy way to send money online. It’s designed in a way that makes someone feel like, “sounds good, let me give it a try!” A friendly non-techie website may not look like much, but it will play a massive role in the adoption of cryptocurrencies, and Dogecoin (DOGE) will lead the way.
By capturing the users’ interest, Dogecoin (DOGE) then attracts users to its other core attributes, including speed, cost and security. For someone to choose crypto payments over existing centralized systems, cryptos have to be more technically superior, because centralized systems as they are quite efficient. On this front, Dogecoin (DOGE) is still a winner. That’s because it is superfast, low cost and very secure. Dogecoin is the kind of crypto, which if you use once, you will want to use again a second time. It offers a real and better alternative to centralized payment systems in a way that feels real. That’s why its long-term prospects of adoption are quite high, now that the promotional aspect of crypto is dying out.
With such strengths, it’s not hard to see why Dogecoin (DOGE) keeps surging. Today, it has pushed above $0.006 and is showing no signs of relenting. As more people continue using it, its value will rise. It will be the surprise crypto winner, one that few would have expected to win, in a game dominated by more serious looking projects.