I’d like to exchange some information, assumptions and Ideas about Chia blockchain adoption in the future.
For a broad adoption, I think a currency must be easy to use, fast and secure.
To me personally, the speed of Cryptocurrency Wallets(!) is terrible which is a major blocker.
Just an example: I startup my Bitcoin Core wallet, maybe after a week of no use to do a transaction. Now the wallet has to sync for a looong time (possibly even overnight or longer) before I can make the desired transaction. That is way too cumbersome for frequent use. I would have to run a pc all day/night, just to keep my wallet in sync.
I’m totally fine with the transaction speed (which many complain about ?!?). Any cryptocurrency is miles ahead of bank transfers (at least for me). My bank for instance does not transfer money in the evening or on non-working days. A Bank transfer takes up to a day (next day in country) or up to 3 days (to other countries)
Chia, especially 1.3 has been a game changer for me in that regard. The light wallet seems to be synced within a few minutes (under 5). And this in an decentralized regard, where I do not have to entrust my money to some kind of 3rd party which I prefer a lot. This was a big concern with me for Ethereum as I cant even have my own wallet but have to go to some service provider.
This is pretty much a huge leap forward for the usability for me. What do you think?
What are benefits / show blockers of chia compared to other cryptos or other payment methods?