Despite these risks, the reason to use second-layer protocols is clear. With relatively small payments or transfers, from a cup of coffee to a weekly salary check, the direct settlement fee on a blockchain today may cours bitcoin cash well exceed the value of the item being sold or the payment being made. With the second-layer protocols, however, transaction fees tend to be much smaller, and transactions settle faster. We anticipate there will likely continue to be innovation in both the scaling and fee economics of blockchains. That may well drive competition with traditional payment systems. Watch this space. Recently, the LOC recognized 103 countries that have taken up initiatives for developing crypto regulations alongside the objectives for organizations dealing with cryptocurrencies. Any individual aspiring to start their journey in cryptocurrencies would look for the best country to deal with cryptocurrencies. Here is an outline of the notable countries which have already accepted cryptocurrencies.