Although Bitcoin's value has increased by 92 percent in the last year, with a market capitalization of over $1 trillion, some skeptics, such as Eswar Prasad, an international trade policy professor at Cornell University and author, feel that the greatest cryptocurrency will not last much longer. In a recent interview, Prasad suggested that Bitcoin may be phased out owing to its inefficiency and incapacity to facilitate exchange as a payment method.
Bitcoin, according to Prasad, has no basic value since it is ineffective as a vehicle of trade. "Bitcoin's implementation of blockchain technology is inefficient. In an interview with CNBC, he remarked, "It employs a transaction validation process that is ecologically damaging and doesn't scale up very well." Bitcoin's days may be numbered, according to Prasad, who believes that blockchain will be Bitcoin's greatest legacy. "The promise of decentralised funding with blockchain is true,"...