With the upcoming US presidential election potentially reshaping the regulatory landscape for digital assets, blockchain network Shardeum is preparing for potential changes. Kelsey McGuire, the company’s Chief Growth Officer, and an upcoming speaker at Benzinga’s Future of Digital Assets event, has shed light on their strategy for navigating this evolving environment.
McGuire emphasizes that Shardeum’s global reach allows them to closely monitor regulatory and political trends across various jurisdictions, including the US. “We’re monitoring the potential regulatory changes very closely in the United States, keeping a close eye on proposed policy changes and political leanings,” she said. While acknowledging the challenges in predicting the future of digital asset policy in the region, McGuire assures that Shardeum’s network is designed to adapt to new regulations while maintaining secure and cost-effective operations.
Overcoming Adoption Hurdles
Despite significant investment in the crypto space, consumer-facing applications have faced challenges in achieving widespread adoption. McGuire attributes this lag to the industry’s focus on technical details rather than practical applications. “Most people are not asking themselves how a text message is sent from one phone to another,” she remarked. She believes the focus should shift towards communicating the benefits of blockchain technology in everyday life.
McGuire also underscores the importance of user experience, emphasizing that simplifying the interface and user journey is crucial for broader acceptance. This means making blockchain technology accessible and user-friendly for the average person.
Stability amidst Volatility
The volatile nature of the digital asset market has sparked discussions about whether it has already peaked. McGuire highlights Shardeum’s commitment to stability during these uncertain times. “Our network is built around dynamic state sharding, which enables linear scalability,” she explained. This approach ensures that Shardeum can maintain low transaction fees even as demand increases, making it a more sustainable option.
Shardeum’s community-driven structure also ensures that no single point of failure disrupts the system, adding to its resilience. McGuire emphasizes that Shardeum prioritizes building real-world applications over speculative gains, positioning itself as a player focused on long-term sustainability within the digital asset space.
The Future of Digital Assets
As the digital asset market continues to evolve, the convergence of regulatory shifts, mergers and acquisitions, and adoption trends will shape its future. Benzinga’s Future of Digital Assets event in New York City this November will provide industry leaders and investors with a platform to delve deeper into these developments, offering insights into the changing regulatory landscape and the latest market dynamics. This event promises to be a crucial gathering for anyone interested in understanding the future of this dynamic and evolving field.