As the digital asset industry braces for potential shifts in the regulatory environment ahead of the U.S. presidential election, blockchain companies like Shardeum are positioning themselves to navigate an uncertain future.
Kelsey McGuire, the chief growth officer at Shardeum, known for its unique method of boosting transaction throughput with each new node added to its network, said that the company carefully monitors political developments.
In an interview, McGuire highlighted Shardeum's global outlook in response to potential regulatory changes. "We're monitoring the potential changes very closely in the United States, keeping a close eye on proposed policy changes and political leanings," she said.
The company's ability to adapt across different markets is part of a broader effort to maintain flexibility in a fluctuating environment. McGuire emphasized that the unpredictability of future policies hasn't caught them off guard, as Shardeum's design ensures its network can continue to function securely and affordably, regardless of external pressures.
Blockchain’s Next Hurdle: Consumer Adoption
While substantial investment has been made in blockchain technology, mainstream adoption of consumer applications remains limited. McGuire pointed to the disconnect between the technology's complexity and its everyday uses as one of the main obstacles holding back broader adoption.
"We often focus too much on the intricacies of how blockchain technology works rather than why it's useful for the everyday person," McGuire explained. "The majority of people are not asking themselves how a text message is sent from one phone to another, but we are grateful for the technology and ease of immediate and straightforward communication."
According to McGuire, the industry must shift away from technical jargon and toward real-world applications that simplify the user experience. Shardeum addresses this challenge by refining its messaging to appeal to consumers and making the technology more accessible for everyday use.
Preparing for Market Volatility
With market fluctuations remaining a constant in the digital asset space, Shardeum is preparing for the long haul. The company's network, which uses dynamic state sharding to increase transaction capacity as it scales, is built to maintain low fees even as demand rises. "Our network is built around dynamic state sharding, which enables linear scalability," McGuire said. This approach ensures that the network remains efficient without increasing costs, regardless of how much usage grows.
In an industry often driven by speculation, Shardeum focuses on real-world utility, aiming to build applications that provide tangible value. The company's decentralized architecture also mitigates risks by reducing reliance on any single point of failure, ensuring a more stable and resilient system during volatile market conditions.
As Shardeum prepares to participate in Benzinga's Future of Digital Assets event in New York on Nov. 19, industry stakeholders will closely watch the company's emphasis on stability and practical applications.
As the digital asset market continues to mature, the convergence of regulatory shifts, M&A activities, and adoption trends will define the future of this dynamic field. Benzinga's Future of Digital Assets event in New York City this November will provide industry leaders and investors a platform to explore these developments further, offering insights into the evolving regulatory environment and the latest market dynamics.
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