I see extremely high level of redundancy as the bottleneck of Blockchain.
Now everyone keeps the history of all bitcoin transactions in local database. How big the decentralized db can get? Someone asked `why not create decentralized twitter` here - this is a good idea, but what about practical implementation? Everyone keeps the history of *all* tweets? Everyone has to download 100's of GB of data to see most recent tweets? It does not seem to be practically feasible.
I wonder if there are blockchain implementations that can bypass this limit.
Topic: Blockchain future - page 22. (Read 4148 times)
Many people look at the details, and lose the whole picture. Blockchain is a revolutionary technology because it does not need a trusted party to confirm transactions (trustless). That's what we have with the blockchain that we didn't have before. Our societies are built on trusted parties. It will take many years for us to understand the full impact that this technology has in our lives. I compare it as the invention of the internet. Nowadays you cannot imagine doing research and share knowledge and collaborating without the internet. The same will be after 30 or 40 years, where people could not imagine how to do transactions with a need of a trusted party, as we do today.
You are right, this is exactly the big point about blockchain and why it is so incredible. Bitcoin is just one of the numerous applications of the blockchain network. It's a very valuable one of course, because we need trust in order to be able to spend our money, and that's why banks were created. With blockchain we have trust over the internet, and banks will probably disappear. Not saying fiat will disappear, because governments will probably just create their crypto version of fiat. The only possible way for fiat to disappear would be for governments to disappear as well, and we would need to have a democracy based on the blockchain as well.
Anyway, blockchain technology is here to stay, and it will be used in many areas of our lives (finance being just one of them). Of course a lot of things need to be done, and it's scalability issues need to be solved.
Many people look at the details, and lose the whole picture. Blockchain is a revolutionary technology because it does not need a trusted party to confirm transactions (trustless). That's what we have with the blockchain that we didn't have before. Our societies are built on trusted parties. It will take many years for us to understand the full impact that this technology has in our lives. I compare it as the invention of the internet. Nowadays you cannot imagine doing research and share knowledge and collaborating without the internet. The same will be after 30 or 40 years, where people could not imagine how to do transactions with a need of a trusted party, as we do today.
Blockchain is better path To Achieve in Future.If Government Accept this And sees It On this Good Purpose. Maintain Some Rules Those are Utilize For Country And No illigeal Work Will be not held by anyone.It will be Life long Cryptocurrency in the world.Ultimate King Of Cryptocurrency Is BTC.
BTC is the first currency, therefore it is royal
The future is here according to some of the well known supporters of blockchain technology and there will be a massive use of this kind of technology in the coming years. This decentralized platforms are being created to foster peer to peer interactions in the business. Blockchain also provides efficient ways with reduced cost of using it.
Are you talking about the removal of intermediaries?
Blockchain born with the birth of bitcoin can be called a technology that is still considered very young because it has not been applied in all areas, and the various experiments surrounding it continue to be done by many companies.
But I believe in the future, blockchain technology will change the way the system works thoroughly, both in the financial and cross-sector industries.
This system is believed to be effective in encouraging the realization of transparency, security and accuracy of transaction data.
But I believe in the future, blockchain technology will change the way the system works thoroughly, both in the financial and cross-sector industries.
This system is believed to be effective in encouraging the realization of transparency, security and accuracy of transaction data.
I also want to believe in it
Blockchain is better path To Achieve in Future.If Government Accept this And sees It On this Good Purpose. Maintain Some Rules Those are Utilize For Country And No illigeal Work Will be not held by anyone.It will be Life long Cryptocurrency in the world.Ultimate King Of Cryptocurrency Is BTC.
The future is here according to some of the well known supporters of blockchain technology and there will be a massive use of this kind of technology in the coming years. This decentralized platforms are being created to foster peer to peer interactions in the business. Blockchain also provides efficient ways with reduced cost of using it.
Blockchain born with the birth of bitcoin can be called a technology that is still considered very young because it has not been applied in all areas, and the various experiments surrounding it continue to be done by many companies.
But I believe in the future, blockchain technology will change the way the system works thoroughly, both in the financial and cross-sector industries.
This system is believed to be effective in encouraging the realization of transparency, security and accuracy of transaction data.
But I believe in the future, blockchain technology will change the way the system works thoroughly, both in the financial and cross-sector industries.
This system is believed to be effective in encouraging the realization of transparency, security and accuracy of transaction data.
if you are asking about blockchain technology, its future would be a tremendous profit for start ups who offer the development of it. Usually governmetns and banks will use their service in future.
Usually governmetns- i dont think so
A mass adoption.. Start up business around the world will merge in blockchain any private sectors that wants to start their journey in blockchain.
Only if the blockchain is not banned
Hi Guys ! What you think about feature of blockchain startups?
I think that most startups will not succeed, and this is quite normal. However, the technology itself is applicable in many spheres of human activity. Therefore, some blockchain startups are waiting for a great future.Not all pioneers will survive and become successful
Hi Guys ! What you think about feature of blockchain startups?
Although I don't have the full knowledge of how the blockchain really works but my understanding and readings so far connotes that bitcoin is just a branch of what the blockchain is all about and if bitcoin could be as successful as what we see today, it's an indication of how deep the usefulness of what the blockchain can really be used for. I see a lot of developers relying on this technology to carry out unbiased surveys because of transparency which a lot of governments and companies are yet to get right.
Bitcoin is a financial interpretation of the blockchain
Most people have no doubt that the future of Blockchain technology is brilliant. Blockchain technology has now begun to be used in many sectoral areas. Blockchain technology There is no reason not to enter every part of our life.
This technology has the potential to be banned
Thank you for your opinions! What do you think, what professions can disappear? For example notaries
Im not sure what professions can be taken over by blockchain technology but
coupled with artifical intelligence it can definitely make certain jobs obsolete.
Quite accurately a lot of people will be fired
Hi Guys ! What you think about feature of blockchain startups?
Blockchain technology is a discovery and just like internet we would not be able to utilize it benefits forever! Mass adoption is going to come that means the future of blockchain technology is very bright and we the early adopters will be the first beneficiary and before banks and governments will start to use it we have already have a place for ourselves. Therefore, now still remains the best time for us to develop our knowledge and skills on how blockchain technology works and become a leading force in future.Thank you for your opinions! What do you think, what professions can disappear? For example notaries
For short term at least there won't be any professions that will disappear right away. I think in the long run it won't greatly affect jobs but it will lessen the market for them, making it not that profitable as a job. I am sure that when the time comes when blockchain is completely mainstream, the one that will be greatly affected are money sending service employees like those who work in remittance center. They might begin to disappear unless they will be the one to use this tech for their business in order for their employees to continue their job.
What professions can appear?
I think it’s great but there needs lot of upgrades for it. I mean the way we are using this blockchain is not perfect in the first sense. People are coming from around the corner of world and creating different projects by using the smart contracts based on the blockchain which is not even worth it and they don’t help us either in any ways. For that reason blockchain should be evolved into something better place where such projects are restricted to literal working model and then and then only this blockchain can be called as best one. I’m sure that will help us as well as blockchain itself. ;-)
I hope you're right
The blockchain technology scares the government not less than the bitcoin. It seems to me that businesses will use this technology, but the government will come up with different excuses to discredit the blockchain. Will soon become a question about how to use the blockchain for voting, referendums, etc etc Governments are afraid of democracy.
Bitcoin and blockchain can get out of control, so the government is afraid I am optimistic about Blockchain technology not just for the cryptocurrencies but as,
* Russia's Government to Test Blockchain Land Registry System.
* Five ways banks are using blockchain.
* IBM has a new blockchain for banks to speed up cross-border payments.
* Australian Primary School Students Explore Bitcoin.
We are testing Blockchain on multiple fronts and even preparing the workforce to handle such businesses in the future. I agree that it might be too early to predict anything but when it comes to overall perspective, I am positive for the long run.
* Russia's Government to Test Blockchain Land Registry System.
* Five ways banks are using blockchain.
* IBM has a new blockchain for banks to speed up cross-border payments.
* Australian Primary School Students Explore Bitcoin.
We are testing Blockchain on multiple fronts and even preparing the workforce to handle such businesses in the future. I agree that it might be too early to predict anything but when it comes to overall perspective, I am positive for the long run.
--->Russia's Government to Test Blockchain Land Registry System[/url].
You are very vain, in Russia it will not be accepted
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