Topic: Blockchain as a revolutionary technology? - page 7. (Read 637 times)

Really, Blockchain is a revolutionary technology, it has similar effect as Internet changes the life of the whole world. Blockchain technology also going to effect the working of various sectors.

I always think that blockchain is a very good technology, faces is the problem of throughput, however, because of the dispersion of reason, so now can't solve the problem of high throughput, then this could be solved in the future,

People who say its not revolutionary have no idea. They think the decentralising is just a simple task. But thats why its so geniues. Its so simple system, but no one else had this idea before. So today theres such a big problem with security everywhere. They build securitry software to encrypt eerything, and the hacker always find a way wo het threw. So with the blockchain you have just many notes which are witness of every transaction. So its not possible to cheat. So many security with less effort. What you want more?

The blockchain is arguably the most revolutionary and greatest revolutionary technology since the internet, but there is now another revolutionary and more revolutionary alternative to Blockchain, and perhaps that change will replace Blockchain in the future.

Indeed I concur that blockchain innovation is progressive innovation and on the off chance that we have to the client of this cash then we should focus on the blockchain innovation and in the present time this innovation is further developed and the crypto clients can utilize bitcoin and to hold bitcoin this all therefore. The blockchain wallets and the online stores and other utilization of crypto the blockchain innovation is in the primary line I have seen and I trust that this will intriduce all the more great things for bitcoin and alts.

I belive that it is extremely progressive innovation. It is imaginative approach of money and new sort of capital. In any capacity notwithstanding being critical and concentrating on its mix-ups and shortcomings, blockchain innovation is introductory advance of economy improvement. Without a doubt, it require a few changes and enhancements in future.

Indeed. Blockchain technology provides complete security, anonymity, privacy and accuracy to its users. It gives power to its users to do transactions without interference of third party and without giving any personal information. Transactions done through most of the crypto coins that are based on blockchain technology are untraceable and private. Well, there are many fast blockchains than steemit. There is XRP that is said to settle transactions from one fiat currency to another fiat currency in just matter of seconds. Also there is WAVES, NANO and many other that offer high transaction fees and minimum or no fees.

That’s true indeed. Bitcoin can’t be said to be revolutionary, but blockchain surely is much more advance tech than we think and it’s still under development and can truly prove revolutionary. This is the reason many countries are struggling to accept bitcoin and other crypto currencies, but has accepted blockchain technology and have decided to discover its use and benefits further. Blockchain in a technology that gets better and better every day and every now and then new projects are made which redefine the importance of blockchain technology in the world.

Indeed. There is no doubt in the fact that blockchain is a revolutionary technology. It has given power to people for doing transactions freely. Decentralized blockchain has removed the need for the interference of third party such as banks and financial institutions. It has made cross border payments much faster and with less fees.

Bitcoin can be said to be slow and one that has high fees, but that technology was created 5 years ago and now there are many coins that are much more advanced, have high transaction speed and very minimal fees. Blockchain has provided security, anonymity, privacy and accuracy in all fields.

Blockchain is amazing tech.People try to always develop it. Until now , i think best technology about using (P2P) network system. So , it will always in revolution

I do believe blockchain is a revolutionary technology simply because it creates trust in transactions without the need for a third party. This is important specially in the financial market, and it should really revolutionize that area, because transaction will become a lot faster. I think it's quite stupid to see banks taking on average 3 days to confirm a transaction that was made digitally (even more time, when we consider international transfers). Even blockchain the way ti is now, is a lot faster than banks already, and this is huge. Yes, it has the adoption problem, and for that I think that only of-chain solutions will do the trick (the lightning network is one of them). On chain solutions are possible as we know, but they would require dedicated infrastructures that would not be available for the average user, so this would ruin the "no need for a middleman thought".

Although blockchain will probably shine in the financial market, it's applications don't stop there, because it will be useful for everything that requires trust between to parties, without the need for a third party to verify it. For instance, this is good to make sure that University degrees are not false. Only a degree that was registered on a blochain would be considered valid. This removes a lot of bureaucracy from these systems, and it helps reduce corruption.

You can say that blockchain really is revolutional but I really think bitcoin is the one responsible in changing the lives of its user blockchain only provide the technology in every transaction by means of a ledger, But this kind of technology can be use in different aspect of services, It is still not perfect but there is a possible way in doing it.

Lightning network is off-chain scalability solution to the bitcoin blockchain soon. It will be tested in the litecoin network just like segwit. Segwit has been designed to make the lightning network can run in the bitcoin blockchain. To make off-chain scalability more easier. But not sure about the price of bitcoin because the fact that segwit already enough to decrease the transaction fees of bitcoin.

I think you can't still call the blockchain as a revolutionary technology as not all people around the world change their lives because of it. It will still take years for it to become perfect and it will have to improve more.

Scalability, speed of transactions, very high fees, 150GB of blockchain, there are many better alternative of blockchain, for example Tangle I think is good.

It's definitely not perfect now but I still think it can already be used for good. Just curious, what do you think are some of its problems?

Blockchain is a revolutionary innovation, but the current blockchain still has many problems, so I think people will solve these problems in the future, so there is no need to worry about it.

It's definitely a revolutionary technology that will affect a lot of industries and businesses. Some governments have already  invested in them and started using them (Estonia for example).

Saw this on cryptocoin news about mobile gaming, one of its many uses.
https://cryptocoin.news/analysis/8-ways-blockchain-technology-will-change-mobile-gaming-for-the-better-9454/

I think blockchain is a revolutionary technology to the extent of widespread adoption in nearly every aspect of life as we know it. Easy Access to unchangeable data speaks if untampered ease of working, and that i think bodes for a more secure environment.

Somebody know something new about Lightning Network? When they release it? Because it is scheduled for this year. And probably Bitcoin price will rocket to the moon, or?

I belive that it is really revolutionary technology. It is innovative approach of currency and new kind of capital. In any way even being pessimistic and focusing on its mistakes and weaknesses, blockchain technology is initial step of economy development. Sure, it need some changes and improvements in future.