Topic: Blockchain, cryptocurrency and the natural development. (Read 105 times)

A wonderful article but I do not agree with you in this part: [If the impact is significant, the change will be rapid]
The world is changing rapidly, especially in the last 20 years.
Everyone knows apps like Facebook, YouTube, and Android that emerged after 2004.
Twenty years ago nobody knew about Facebook and now more than 2 billion users. Bitcoin will have a higher efficiency than that.
Satoshi predicted that in 2030 bitcoin would have a significant or insignificant value.[1]

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will add source when remember.

Block chain is basically an application over which we have developed thousands of things and  one the the most influential one in the market that everyones talking about is the cryptocurrencies.
Block chain is not something different it's like the building blocks of everything around you and it is very important to know that it's a set of blocks linked by cryptography and it's a technology not any physical entity .
Like a code supporting everything else.

Block-chain has been pretty hyped for quite a few years now. This is because of the popularity of bitcoin and the increase in it's price. In reality, there haven't really been an established use case for block-chain except bitcoin.
The usage for block-chain is still evolving both in terms of development as well as adoption. The basic solution provided by block chain is trust-less ledgers and smart-contracts. These are powerful technologies but industry is still only trying to find their usage.

Even while blockchain is evolving, the killer app still is bitcoin.

I don't see how a blockchain can exists without a cryptocurrency. What will secure it if there is no POW or POS mechanism, and for that you need a currency? The only environment a blockchain can exist without a cryptocurrency is some highly centralised system where someone has strong vested interest to keep in running, which defeats the purpose.

Blockchain is a technology, and cryptocurrency is the money needed to maintain this technology!

The application of block chain technology is much more than that of cryptocurrency!

The technology of every cryptographic currency is very special and has many different functions.

We can see as mode of communication is changing day by day in order to increase the speed and efficiency. Similarly, blockchain and cryptocurrency are going to  take time for revolution as revolution in the technology, cryptocurrency is apart of revolution in the economy.

Blockchain and cryptocurrency are two totally different,
The blockchain is growing list of blocks, which are linked and secured by cryptography, but
Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
 We all can agree the mode of transport is changing day by day in order to improve the efficacy of engine and to reach the destination in less time. Similarly, blockchain and cryptocurrency are going to overcome its limitations because it’s a nice concept we got right now and we can’t avoid that.

Encrypting digital currency is only an application of block chain 1.0, and the blockchain has many applications!

The application of block chain 2.0 is a smart contract.

The application of block chain 3.0 is block chain plus artificial intelligence.

That shouldn't even be a problem for the users since each is easily distinguishable. Personally, I think cryptocurrencies are blockchain-powered applications/protocols while the block chain itself is applied computer science and cryptography, and a block chain can stand alone without cryptos but cryptocurrencies cannot do it without a block chain (unless someone invented such a protocol that doesn't rely on block chains to process its network's transactions.) In the coming years or decades, the application of the block chain in the industry would be massive, with the banks and governments being the forerunners of the development by integrating it into their services and systems. Hopefully cryptocurrencies would also go in with the wave.

Blockchain and cryptocurrency are considered to be two different things.


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All credits are going straight to my homie aka Wikipedia.


So yea, blockchain and cryptocurrency; some people find them very common and some people find them very separated.
In the next coming years, plenty of technology will be based on the blockchain which is a wonderful and a great solution to our modern world. I find it a revolution in the technology, cryptocurrency is apart of revolution in the economy. Because after all, no one should have a control over money. Money MUST be decentralized owned by everyone and no one.

So, you are finally asking. What is the point of this post? No problems folks!
Let’s go straight to the topic. I’m going to talk about the development, not necessarily the coding development. People saying this every year “the next year will be the cryptocurrency year!” but that’s not true. Revolutions aren’t happening by a second, a day or a year. As we all can agree the internet is improving itself from 3G to 4G and so on with the years so the blockchain and the cryptocurrency is. What I am trying to say is, Blockchain and Cryptocurrency, both of them. Will adopt the world’s behaviour with the years, it might take over twenty years and even one hundred but eventually, it will be mainstream and used every day because it’s the best solution we got right now and we can’t avoid that.

It will not happen in a year, no matters what will happen. This revolution will take at least ten years to become obvious everywhere from Africa to America. Yes, Africa. That’s all the point of cryptocurrency, decentralization. But in one hundred years, our children will look at the past and ask themselves. How the hell people used cash and the current banking system. Exactly like we look at the past and wonder how people hundreds of years ago used chocolate as a currency? It’s true, google it.