Topic: Development of Blockchain in future. - page 7. (Read 1905 times)
Blockchain technology is necessary in every sectors of professions. One day an examination official in my country was asking me if blockchain technology can be applicable to examine sectors. I explained how blockchain technology can bring lasting solution to examine malpractice and manipulation of results.
You know, "Blockchain technology" has become the new Buzzword in the financial and ICT industry. If your company are not developing some "Blockchain technology", then you are not on par with the trends in the industry. The puppet masters have found a way to split Bitcoin from the Blockchain and to push people into developing competitive products for Bitcoin, based on "private" Blockchains. 
The problem is, most people were attracted to Bitcoin, because it had no central authority and decision making is based on consensus from the general public, not some decision made by a CEO of some powerful organization or a board of shareholders.
The problem is, most people were attracted to Bitcoin, because it had no central authority and decision making is based on consensus from the general public, not some decision made by a CEO of some powerful organization or a board of shareholders.
Blockchain is developing every moment and also new plans are created day by day.
Blockchain technology will be used first in finance, then in the Internet of Things, and so on. Blockchain technology will continue to grow, but it will also increase people's acceptance of it. Not everyone can accept blockchain technology. Many people think that this is just a bubble. Some people even know Bitcoin, but don't know the blockchain. Blockchain technology still needs more time to settle.
The blockchain nature is a transparent shared ledger that many users have the ability to track and manage together. Whenever a Bitcoin is spent, a transaction is created, users can find the details like the payee, the receiver and the Bitcoin amount of the transaction. Hope this technology will upgrade in the future
Blockchain technology is very much helpful. It offers feature that can be use in lots of purpose. This is why many investors engage in business that uses blockchain technology.
maybe in the future we can see the blockchain system in the public, because as we can see that blockchain is the safest system that I know because it will give you high security like in bitcoin, and of course the transparency which is we can see all the transaction inside the blockchain systems
As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.
Yes I totally expect the protocol to evolve and in fact I am surprised to see it have the same problems it had back then in 2016 or 17. All that talk about bitcoin failing as currency - well, it hasn't really been solved (apart from SegWit, which is a move in a right direction but it is only short time solution, really).I would expect Bitcoin to evolve every year at least with a pace of computers and Internet (look, do we have Web 3.0 now? Why not Bitcoin 3.0?)
Blockchain is a great invention of BTC this helps and change the business ideas and it helps in many ways also many big companies are also adapt this system based on this developers are developing this system because of its usefulness other companies also want to develop this system. Satoshi invented this after this it’s so usable & many companies get huge benefits from it.
Blockchain technology is not enough developed and requires for improvements, and is not used on an industrial scale, except for bitcoin and some other cryptos. Many improvements are still required, as in terms of security as scalability.
Blockchain has developed a lot from its beginning. But, sometimes, it faces some technical issues.hink the technology should be more considered to their focus. Besides, The privacy system should also develop so that it can survive frauds and scams.
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I see the development of blockchain technology in the future I see blockchain can be a big book so it can record all existing transactions, not only that blockchain can also be used for very secure transactions.
As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.
There may be additions that we may not be able to think about, that in the future there will be a surprise from the implementation of Blockchain for every user, I just hope that the transaction delivery charges in blockchain can be as fast as lightning, so everyone does not wait too long ...
Maybe the point I want on Blockchain is, there's public chat.
The block chain technology has brought a tremendous change in the history of financial industry the great inventor of bitcoins is the developer of the block chain technology, in the future like in every field there might be new innovation in the block chain technology. As it is a publicly distributed ledger all the transactions will be recorded all over the world without any hindrances and no one has the authority to control the block chain system so there is no chance for manipulation in the block chain technology and every transactions will be clear and anyone can audit at any time from any part of the world. Now a days mostly all the fields of work started to accept the block chain technology even insurance companies started using block chain technology and many other corporate companies are adopting the block chain technology, by and large the wider acceptance and adoption of the block chain technology will change the world to a better place without corruption and manipulation.
I don't think the 'blockchain' part of this whole technology sector is as important as people make it out to be. It's a fundamental part, yes. But ultimately it's basically just a data structure. How it's applied, and more importantly the decentralized consensus methods used are what matters ultimately. Even after all these years PoW is still considered the gold standard, and many people claim that alternatives are basically a dead end. That might be true, but if it's not then that would actually be a significant development. It will still take many for years to see where this goes. But for now 'blockchain' and PoW are pretty solid and not really in need of any innovation directly. Scaling solutions are important, but the base level has more or less been proven to work.
As we all know that technology doesn't stuck at a single place. It always improves day by day. In the same thought, I believe that blockchain is being developed continuously. Do you know that what kind of development would be in blockchain? Please share your points. Thanks.
The point is that blockchain is decentralized and with everybody owing some part of it and it is trust less system. What many people are trying to do is to make it centralized so that they earn as a middle man. If we are talking about real use cade of blockchain technology like open protocols and open ledger where everybody can take part in then I do truly belive this one will prevail. It's just that people are trying to break the point between crypto that uses blockchain and blockchain itself but you can't actually do that because we know where roots started. I think that with AI and with blockchain we are going to change the world as we know it works is currently shifting slowly and not many people are realizing this.
Blockchain is an immutable, distributed ledger. There are other approaches to these DLTs or Distributed Ledger Technologies of which blockchain is currently the most widely adopted and famous. DAG or is another one I have seen thrown around but IOTA is one of its first implementations and has been filled with more failures than successes till now.
Blockchain still has a lot of way to go in terms of practical applications and not just complicated sounding, theoretical constructs. This system combined with cryptography and voting mechanism trough POW has allowed us to use bitcoin. See how bitcoin isn't just blockchain. For blockchain to be truly successful, it'll have to be combined with other techniques and ideas and be shaped into a useful thing like bitcoin.
Sadly, everyone after bitcoin has failed to come with anything novel and have either simply copied it or used the most famous bitcoin-associated buzzword, i.e. Blockchain as some kind of magic dust on every possible thing you can think of.
Lot of free money is being made but it looks like it'll end in considerable pain for a lot of the new people.
Blockchain still has a lot of way to go in terms of practical applications and not just complicated sounding, theoretical constructs. This system combined with cryptography and voting mechanism trough POW has allowed us to use bitcoin. See how bitcoin isn't just blockchain. For blockchain to be truly successful, it'll have to be combined with other techniques and ideas and be shaped into a useful thing like bitcoin.
Sadly, everyone after bitcoin has failed to come with anything novel and have either simply copied it or used the most famous bitcoin-associated buzzword, i.e. Blockchain as some kind of magic dust on every possible thing you can think of.
Lot of free money is being made but it looks like it'll end in considerable pain for a lot of the new people.
blockchain has been in the favor to become the greatest technology in the world of cryptocurrency for the future, the development of blockchain for the future is not in doubt
blockchain technology is very vast technology man. it can hold up different kinds of things inside of it. it's already technology of future. what posibilities can blockchain technology bring to us we can't even imagine.
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