China leads the pack when accounting for the number of total cities with 5G coverage. The US is right behind the populous Asian country, with about 284 cities under the umbrella of 5G coverage.
While the two countries are far ahead of the rest when it comes to total cities covered by super fast internet speeds, the rest of the world is catching up slowly. Improved wireless communication is good news for Dapps creators and activities such as S&P trading in PrimeXBT that heavily rely on the internet.
Many people associate the blockchain with cryptocurrency, because the latter needs to remain unchanged as it journeys to the sender or receiver. However, the blockchain has plenty of importance outside the cryptocurrency domain—it is the most secure preservative for assets that need to maintain their originality when moving from one point to the other online.
What Is The Impact Of 5G Technology On Digital Assets?
In some parts of the world, 5G remains a marvel, but for the areas with the technology, advanced machine-to-machine communications are already a reality. The blazing fast speed is the cornerstone to the simultaneous connection of devices to each other via peer-to-peer protocols such as the blockchain or connection of devices to central servers mostly used in trading platforms like primeXBT.
Faster speeds mean immutable files move quickly from one point to the other. Communications via the blockchain are now a thing unlike in the past. The likes of Status limited have already set the stage for blockchain communication with other crypto-based services like wallets and futuristic browsers that will support the metaverse. The offers by the company are possible because of the scalability of blockchain in real-time and the ability of people to access the services much faster via 5G.
Most traditional messaging platforms make use of the server-client databases where messages have to go through a centralized point, which then redirects the messages to the correct path. As blockchain and 5G take center stage, that will change.
Messaging and trading platforms like primeXBT might one day integrate a one-on-one communication route between the sender and receiver. The blockchain will play a significant role in the storage and pushing of the messages to the other end to create a complete messaging route without third-party interference.
How Will The Blockchain Benefit From Fast Internet Speeds?
The Bitcoin blockchain has about 289 gigabytes of data. 5G helps access this data much faster than traditional generations of wireless communications. More crypto miners task themselves to increase the number of cryptocurrencies already in the global domain. The larger amount of space needed to do this will require a scalable storage solution and blazing fast speeds.
The first generation of 5G networks installed all over the world averaged speeds of 0.1Gbps. The impressive speeds work both ways for the blockchain networks that store the data and the users who want to access the information stored in the blockchain. The likes of Ethereum and Solana will hope that the blazing fast speed will help their network expand much faster to hold in as much data as possible.
On the other hand, crypto owners with plenty of wallets will want to have access to their assets seamlessly, with no lags.
Will the Metaverse Improve Under 5G?
The metaverse promises an immersive experience where people can have a one-on-one with customer care representatives, better work meetings, and some new fronts for traditional and new tech giants to make more money.
Microsoft, Snap, Meta, Roblox, and many others are in a competition to have the most people in their virtual reality environment. However, the only way ordinary people can have a feel of the metaverse anywhere in the world is for wireless technology to reach blazing fast speeds. The speeds will support the data-hungry avatars, workspace meetings, and many marketplaces. Therefore, 5G is a central point in the growth and development of the metaverse.
Bottom Line
Every industry will strive to find a unique way to take advantage of the fast speeds offered by 5G. The data-hungry Dapp space was already yearning for faster internet speeds. Further, crypto and blockchain already have a boost under the blanket of 5G networks. Metaverse projects and others concerned with the digital asset space will now see impressive growth.
