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RE: Wallets and security, what happens when cryptocurrency becomes truly mainstream ?
Yup, two biggest obstacles right now are scaling and security/ease of use for the average user. I really do feel that a viable option will be easy to use smart contracts that can minimise losses that are deployed by the wallets themselves. That way we can retain decentralised ways of working. Although the average joe will want recovery options for when they lose their private keys.. Not sure how that can be implemented. I know this is one of the things EOS will be doing though but their solution is kinda centralised (correct me if i am wrong please)
EOS will be like ethereum using smart contracts probably along with the EOS token
Yeah but one of their selling points is they are building options for account recovery. And claimed scalability of over a million transactions a second. Exactly the sort of thing mainstream adoption requires. Of course these are huge promises to make so we will have to wait and see...