How Virtual Reality Impacts Bitcoin and Blockchain Technology

     There is a lot of attention being paid to the virtual reality space right now, and while there is no direct link between virtual reality and cryptocurrencies, most people probably think it would be more interesting to put blockchain transactions into virtual reality and see how a Bitcoin wallet would perform in a virtual reality environment.

Most people see virtual reality as a way to improve user experience by providing a 360-degree view or creating a personal work environment. Even though virtual reality itself can be used for consumption, such as watching movies or playing video games, it is not entirely useful for electronic currency wallets.

Furthermore, in terms of Bitcoin wallets, the VR ecosystem is not very useful. After all, a normal wallet won’t have much, because there will always be an account of incoming and outgoing money, and there will always be a balance. Although no one knows what will happen in the future, these features themselves do not require VR.

On the other hand, experiencing blockchain in VR can be quite interesting. Considering how blockchain technology broadcasts all transactions on the network in real time, there is potential for a more immersive user experience that embraces the idea of ​​VR.

Additionally, VR can help people better understand blockchain technology, and in theory, people can be immersed in blockchain technology, for example, smart contracts that can be explored in depth, additional knowledge, or insights that can be gathered.

How exactly combining virtual reality with digital currency will work remains to be seen. Despite its potential advantages, the concept doesn’t seem to make much sense at the moment. Bitcoin ’s focus should be on currency and protocol, not virtual reality.