Study: Hard Forks Hinder Mass Cryptocurrency Adoption

A new study published in Springer’s Journal, Environment Systems and Decisions, claims that hardforks are a hindrance to mass adoption of cryptocurrencies.

The study claimed that hardforks create an erosion of trust and decrease consumer confidence in cryptocurrency’s use as a medium of exchange. The study predicted as many as 50 hardforks could still happen this year and studied over 800 hard forks, source code forks and soft forks.

The paper focused on the need for better governance within the cryptocurrency community, but still recognized that traditional governance methods would not mesh with the decentralized nature of cryptocurrency. The study said there is a need to “have a more proactive approach for goal-setting, problem identification, and compromise between those who resist software updates with those who favor more regular updates”.

Dash is structured to achieve consensus

The study continued by saying there is an “urgent need for miners and other…