Cryptocurrencies Lose Their Original Purpose, Turn Into Speculative Assets: When Will Public Blockchains Be Realized?

Cryptocurrencies Lose Their Original Purpose, Turn Into Speculative Assets: When Will Public Blockchains Be Realized?

Read the full article [KPI News]

*The article is written in Korean.

<Summary>

The article criticizes how cryptocurrencies have lost their original purpose of decentralization and public utility, evolving instead into speculative assets. While early blockchain projects such as Bitcoin aimed to build truly public and permissionless networks, the current market is largely driven by price speculation, overshadowing the underlying technological value.

It also highlights ongoing limitations in the blockchain ecosystem, including

-scalability issues

-high transaction fees

-regulatory uncertainty

These challenges suggest that fully functional public blockchains capable of real-world adoption have yet to be realized.

Ultimately, the article emphasizes that the industry must return to its core principles, and that the realization of true public blockchain infrastructure remains an ongoing challenge.