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Topic: Forget Cryptocurrency. We Need To Talk More About Blockchain - page 2. (Read 1334 times)

jr. member
Activity: 59
Merit: 2
I hope a better future in the long run will look at this technology. So the blockchain is where the data can be encoded where the data is the medical term
hero member
Activity: 1330
Merit: 569
https://medium.com/@chewweichun/forget-cryptocurrency-we-need-to-talk-more-about-blockchain-4cfeb1989865

With all the attention given to cryptocurrency, shouldn't we put more attention on blockchain?

We should actually put more attention on blockchain but we shouldn't forget crypto currency because they both work together. I had known about bitcoin years back, learned more about it even when I joined the forum but for blockchain even though I know about it after I joined the forum, I am yet to fully understand the full dynamics of how it works. Its no lie that several impossible issues in today's world would be solved by the blockchain from electoral issues, shipping, database, identity, budgetary controls and follow ups, corruption, asset verification etc. but the workings of all of this is not something that can be implemented on an individual basis considering the technical capability and fund involved.

What I suggest should be done is maximum attention should not be focused on the crypto currency part but awareness should be geared towards blockchain. When this happen governments and conglomerate can begin to fund research in that field of study and with that, the popularity between bitcoin (crypto currency) and blockchain would be even to the benefit of everyone.
full member
Activity: 504
Merit: 100
It should be so that we should pay attention to blockchain for more use in the general field and not just pay attention to cryptocurrency.
sr. member
Activity: 1428
Merit: 251
https://medium.com/@chewweichun/forget-cryptocurrency-we-need-to-talk-more-about-blockchain-4cfeb1989865

With all the attention given to cryptocurrency, shouldn't we put more attention on blockchain?

Bitcoin using blockchain technology and off course blockchain get attention right now. Many company and banks want to implementing blockchain technology for their platform.
Blockchain technology very usefull if used by government, it will creating transparancy on government budget and spending, beside that it will make government data more secure
sr. member
Activity: 644
Merit: 261
blockchain is a tremendous breakthrough in the world of technology, and blockchain is the system behind the cryptocurrencies
the world now in a blockchain fever, all fields of science and technology began to be developed to adopt blockchain as the foundation of its system

The important thing that we should take attention is that blockchain technology is the backbone and foundation of cryptocurrency. Blockchain technology can exist without cryptocurrencies while cryptocurrencies cannot exist without blockchain. Some companies are researching about blockchain that they wanted to apply to their system so that they can have efficient and effective system to help them reduce the cost of their expenses and avoid as well the double spending. They do not need to create cryptocurrencies to implement it in their system.
member
Activity: 406
Merit: 11
blockchain is a tremendous breakthrough in the world of technology, and blockchain is the system behind the cryptocurrencies
the world now in a blockchain fever, all fields of science and technology began to be developed to adopt blockchain as the foundation of its system
newbie
Activity: 25
Merit: 0
Blockchain is a network that people can look at, and track all transactions
legendary
Activity: 2912
Merit: 1068
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I agree that blockchain is technology with huge potential that can be applied in so many different types of business and industry. And it's true that many people are not very familiar with it and don't know how it's actualy functioning n
But on the other hand we shouldn't put cryptocurrencies left a side. Although it seems like everyone knows about cryptocurrencies by now that is in fact not like that and blockchain and cryptocurrencies shouldn't be divided but promoted together.
full member
Activity: 336
Merit: 100
https://medium.com/@chewweichun/forget-cryptocurrency-we-need-to-talk-more-about-blockchain-4cfeb1989865

With all the attention given to cryptocurrency, shouldn't we put more attention on blockchain?

In your words, there is a very interesting truth. In fact, the Blockchain is the mother of all cryptocurrencies. And bitcoin Father. Of course, I exaggerate a little, but the technology itself is not particularly interesting for people, it is interesting for some countries, such as the UAE or Japan. Which introduce the technology whose block in the field of activity. Bitcoin attracts many people with its profit and speculation.
legendary
Activity: 1666
Merit: 1001
I think both of them are important, blockchain technology is very useful and helpful, many companies start to learn and alrready implemented the system, and blockchain can be famous because of crypto, crypto also can be used in many ways to increase the economic, so both of them hold a very important keys for future transaction
newbie
Activity: 33
Merit: 0
Interesting.. bitcoin may disappear but blockchain will remain and be develop more..
hero member
Activity: 1190
Merit: 534
Well, if we are talking about blockchain then we must talk about cryptocurrencies. The blockchain is a modern vehicle that optimises the traditional processes but in order to run this vehicle, we need something called cryptocurrencies. I believe that blockchain cannot sustain without the fuel of cryptocurrencies and hence ignoring cryptocurrencies is not a wise idea in my honest opinion.
member
Activity: 230
Merit: 10
Blockchain usage keeps on increasing, by the same time where ever blockchain is used there is a use of bitcoin. This adds value to the growth of bitcoin. Bitcoin is the success story of blockchain, and based on which it is getting implemented on different sectors. With this in mind it is good to discuss about bitcoin and blockchain.
jr. member
Activity: 504
Merit: 5
Blockchain education is important but I think it will be useless without Digital assets. So cryptocurrency to my understanding goes with blockchain and it vise versa. Since Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world. That's why I think the two goes together.
legendary
Activity: 1120
Merit: 1000
Many ico's or projects have been created by using blockchain technology, something that i regrets those innovative projects did not reach the soft cap so the project fails,it's clear the investor just wants to get a profit, people have to support it since there are so many things that we can discover from this technology.
jr. member
Activity: 252
Merit: 3
most people are both investing on btc and both cryptocurrency.the blockchain technology is really a thing to get in maybe that's why people feel free to talk more about cryptocurrency In any case, there's one major issue there's still no working blockchain produtcs, no examples of overcoming adversity, new companies are snatching several millions and still haven't conveyed anything, enormous organizations, governments and banks are stating that they will investigate it, and as yet nothing. Possibly blockchain innovation isn't as principal as its advocates portray it, and perhaps individuals ought to be more centered around digital currencies as working cases of blockchain and taking a shot at extending their usefulness as opposed to making a huge number of unsecured blockchains.
newbie
Activity: 392
Merit: 0
My little idea about cryptocurrency has been created, but I do not have much idea about the blockchain. What is blackchain?
I do not understand the importance of blocking the crypto market! Please let anyone know about this.

Hello monirmostafiz,
Blockchain is an inadmissible digital account of financial transactions that can record everything not only for financial transactions but also for the price.It is a kind of decentralize system. A global network of computers uses blockchain technology to jointly manage the database that records bitcoin transactions.  Bitcoin is managed by its network and not any one central authority. The technology of blockchain works user-to-user or peer-to-peer basis.
newbie
Activity: 112
Merit: 0
yes, I agree that we should more focus on blockchain concept than cryptocurrency development. The main issue of using Blockchain is to implemented into our daily life, I mean we should not give too much attention for system we create(crypto as it is now, e.g Trading, investing and payment medium) but to developing the existing system that has been there using blockchain tech.
for example:
-we should more focus on how to using Blockchain system to pay our tax and give cloud storing decentralized data for the taxpayer and so on.  helping government, and take people attraction for really useful technology. this way i believe crypto would end in a good way (contradicting from warren buffet statement)
-rather than how to crowdfund and make a token useful in very segmented idea.


newbie
Activity: 25
Merit: 1
yes, Blockchain technology is future tech for humanity.  Bitcoin is the first representative for the blockchain.
legendary
Activity: 3038
Merit: 2162
Blockchain, blockchain, blockchain...
For 2 years already we hear this buzzword almost every day, and every time it's in context of someone telling how beautiful it is, how it will change everything in the world, and that critics are wrong, because the Internet was also criticized in its early days. But there's one big problem - there's still no working blockchain produtcs, no success stories, startups are grabbing hundreds of millions and still haven't delivered anything, huge companies, governments and banks are saying that they will explore it, and still nothing. Maybe blockchain technology isn't as fundamental as its proponents describe it, and maybe people should be more focused on cryptocurrencies as working examples of blockchain and working on expanding their functionality rather than creating thousands of unsecured blockchains.
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