Topic: Can Blockchain technology survive without Crypto currency? (Read 624 times)
I don't think so, because the blockchain is only used by crypto, and if crypto disappears, the blockchain will disappear because no platform will adopt it other than crypto.
Firstly, it was the creation of bitcoin(Cryptocurrency) that gave rise to the era of the blockchain technology.
So from my own understanding , blockchain technology cannot survive without Cryptocurrency.
The businesses that are running on blockchain technology cannot run smoothly without Cryptocurrency.......since transactions are done using Cryptocurrency.
So from my own understanding , blockchain technology cannot survive without Cryptocurrency.
The businesses that are running on blockchain technology cannot run smoothly without Cryptocurrency.......since transactions are done using Cryptocurrency.
No one really knows. I can assume that yes
Of course yes! Cryptocurrencies are only the tip of the iceberg. The blockchain technology is a breakthrough in information security. I'm sure that this is onle the begining.
If cryptocurrency doesn't survive blockchain will, but I guess its too late for that now because many good works and projects are already running on blockchain technology excluding tokens that's actually making cryptocurrency lose face.
The answer is NO, yes i will agree not all blockchain project has a token, but the blockchain technology though will survive but not for too long without crypto currency. The main reason the blockchain technology is gaining adoption may be traceable to crypto currency.
Cryptocurrency is a product of the blockchain, this digital currency utilizes blockchain technology to get more security at the time of the transaction
the blockchain is like a heart
while cryptocurrency is like a pair of legs
so the answer is yes, the blockchain will be able to survive without cryptocurrency
the blockchain is like a heart
while cryptocurrency is like a pair of legs
so the answer is yes, the blockchain will be able to survive without cryptocurrency
I think blockchain will survive because crypto who adopt it and not blockchain need crypto. Even in this world, almost everything adopt blockchain because it's technology. That is why even no crypto, blockchain will still exist.
In the affirmative, blockchain is the technology and it's not dependent on cryptocurrency for survival, instead cryptocurrency depend on blockchain.
crypto does not create blockchain, but, the blockchain creates crypto, and then blockchain and crypto cannot be separated.
but, crypto will not work without the blockchain, because crypto transactions will create a new block.
but, crypto will not work without the blockchain, because crypto transactions will create a new block.
It is possible, IBM is developing blockchain PoCs for company use.
Reference:
https://hackernoon.com/is-there-a-chance-for-blockchain-without-cryptocurrencies-2e6afa924549
Cryptocurrencies were just used in order to incentivise the people who works for the growth of the crypto community, to reward miners, and usually for ICOs in order to raise funds. Cryptocurrencies are not the only product of blockchain technology it just became too mainstream because some cryptocurrencies increased great in value overtime.
Reference:
https://hackernoon.com/is-there-a-chance-for-blockchain-without-cryptocurrencies-2e6afa924549
Cryptocurrencies were just used in order to incentivise the people who works for the growth of the crypto community, to reward miners, and usually for ICOs in order to raise funds. Cryptocurrencies are not the only product of blockchain technology it just became too mainstream because some cryptocurrencies increased great in value overtime.
yes i guess it can survive be course its still involved in many other technology's then Currency's.
As blockchain is a great database its still used to store info for firms and in other businesses .
regards
As blockchain is a great database its still used to store info for firms and in other businesses .
regards
I think cryptocurrency is the only technology that is feasible and appropriate to run and place above the blockchain network. When viewed from the side of its performance, the collaboration is both very harmonious and perfect thus making both of them far from a significant negative gap.
True, most state organizers prefer to adopt blockchain technology rather than crypto currencies which they consider to be detrimental to the banking sector. But over time, blockchain technology seems to have undergone development and changes in usage meaning that it's not just crypto, but can also be used for the benefit of other sectors, for example: banking transactions, ticket sales, correspondence and automotive companies producing spare parts vehicles.
Sorry for this naive question. But I always have this doubt in my mind.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
True, most state organizers prefer to adopt blockchain technology rather than crypto currencies which they consider to be detrimental to the banking sector. But over time, blockchain technology seems to have undergone development and changes in usage meaning that it's not just crypto, but can also be used for the benefit of other sectors, for example: banking transactions, ticket sales, correspondence and automotive companies producing spare parts vehicles.
I think it's more of a yes, rather than no. The blockchain technology could be implemented in different spheres. Nowadays IT technologies keep on developing pretty rapidly. I suppose once the transport system and airlines could completely be switched to the blockchain. As far as I know, such discussions occurred last year
The Blockchain Technology brought in the knowledge and concept of cryptocurrencies thus I don't think blockchain technology can fully survive without cryptocurrencies.
Yes, it will survive, blockchain is an upgraded thing of saving file in the community we can't stop it.
though cryptocurrency is all about the demand from the people so we don't know.
but! if we will be smart we do know what we will do!
though cryptocurrency is all about the demand from the people so we don't know.
but! if we will be smart we do know what we will do!
Blockchain = a data base and nothing more.
a data base can be used for many, many, many things... other than a cryptoshit transaction.
a data base can be used for many, many, many things... other than a cryptoshit transaction.
According to me it will survive because Crypto currency is one the application of blockchain technology. It is not limited on crypto only. we have many projects are being in developing phase in many sectors i.e. Logistics and supply chain management, storing personal data, media industry etc...
But i have one question in my mind as we know blockchain require miners for confirming block, and now miner get some crypto as mining reward if there is no crypto than how miner will get reward ?
But i have one question in my mind as we know blockchain require miners for confirming block, and now miner get some crypto as mining reward if there is no crypto than how miner will get reward ?
Sorry for this naive question. But I always have this doubt in my mind.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
Yes Blockchain will survive as Cryptocurrency is an application of Blockchain technology.
Blockchain technology Has several use cases, among which are general administration, medical record-keeping, education system, and digital identity cards etc.
Sorry for this naive question. But I always have this doubt in my mind.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
In my opinion, it should not since Blockchain is engine and Cryto is fuel.
Anyhow, I am afraid that I might be wrong.
Cryptocurrency in this Cryptonomics seems promising but lacking of adoption I would need more advice from your guys.
Cryptocurrencies are just one application of blockchain, and if all cryptocoins get banned the technology will survive, because the application it has is huge. Blockchain offers a new and revolutionary way to manage databases, so, with or without cryptocurrencies blockchain has come to stay with us.
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