Is Virtual Reality (VR) Really Necessary for Bitcoin and Blockchain?

Recently, the popularity of virtual reality has made those who are active in the field of digital currency begin to consider whether virtual reality and digital currency can be linked to develop together. Although most people may think that experiencing blockchain transactions in virtual reality is a more interesting experience, using Bitcoin wallet solutions in the virtual reality world is equally attractive.

Digital Currency and Virtual Reality

Most people believe that virtual reality can not only provide a 360° viewing angle, but also create a personal working environment, both of which can completely enhance the user experience.

While virtual reality is an ideal tool for improving consumer experiences, such as watching movies or playing video games, it does not entirely require digital currency.

In addition, as far as Bitcoin wallets are concerned, various transaction functions do not require the support of the virtual reality ecosystem. At present, the characteristics of Bitcoin wallets do not require virtual reality, but no one knows what development plans developers will come up with in the future that will use virtual reality.

However, experiencing blockchain in VR is a rather interesting experience. Since all transactions are broadcasted on the network through the blockchain, if the VR concept can be applied to the blockchain, the user experience will be greatly improved.

In addition, VR can help users better understand blockchain technology because, in theory, VR allows people to be inside the blockchain and visualize it. Therefore, use cases, such as smart contracts, can be explored in more depth and gather unexpected knowledge or ideas.

As for whether the integration of virtual reality and digital currency will produce a refreshing experience, it remains to be seen, and this concept is still controversial. Although the combination of digital currency and virtual reality can bring some potential benefits, the current focus of Bitcoin development should be the development of currency and protocol, not virtual reality.

In short, in comparison, the impact of virtual reality on blockchain is more practical than that on Bitcoin.

Original article: http://themerkle.com/how-will-virtual-reality-affect-bitcoin-and-the-blockchain/
By JP Buntinx
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/vr-bitcoin-blockchain)