As some of us believe the strongest backing to currency is gold and silver. Two minerals from the earth that we hold value in. What if gold and silver had the ability to change the look and value of the dollar on the fly? What if the rocks were able to upgrade to make the RFD chip process to go faster? What if the rocks had the ability to make debit Transaction faster? That's what the technology backing Cryptocurrency can do. It can upgrade itself on the fly while sending currency, with lightning speed and no fees. What this is called is the lightning network. It clears up the congestion of bitcoins blockchain because of backed up Transactions and will give you the ability to pay merchants with Cryptocurrency in the matter of seconds.
The first Transaction using the lightning network was just completed. It was used to pay a phone bill via Bitrefil with Bitcoin. After a few final touches it will be ready to fully intergrate into society to help ring in a better pay system. A pay system that has currency and because of technology it can upgrade on the fly.
PLOT TWIST:
The USA is not backed by gold or silver and is only backed by a belief our Dollar is the standard for world currency to hold itself to. The 2 countries with the most gold reserves are believed to be Russia and China as they are stockpiling gold.
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From @joethafoe