Topic: Future blockchain - page 8. (Read 1938 times)
I think, Blockchain is a foundational technology. It has the potential to create new foundations for our economic and social systems. For example: Many have likened the recent blockchain boom to the dot-com bubble of the 1990s — which is a fair comparison. That bubble did burst, but after the crash, the world wide web eventually rose from the ashes of the 1990s and became one of the most transformative technologies the world has ever known. Blockchain, it seems, has that same potential — it’s just in its the dot-com phase right now.
I like blockchain technology, it is the future and everyone will have a good opportunity to start their own business.
I think Big companies are investing heavily in rail and transport. And all this was done before a large amount of gold actually found it all on speculation. What will need to be found and made for successful blockchain and for all of these upfront investments to pay off this company
but the blockchain technology, it can be said, is similar to the state when the first word came out that gold has been found in these countries throughout the industry began booming in hopes of exploiting the odds. Entrepreneurs of the time started stores selling pots, picks, and shovels needed to dig gold.
Blockchain has plenty of advantages over the conventional ways we store data. Here are some of them.
Transparency: eliminating all middle men, like banking institutions or other central authorities; suppliers are directly connected to the customers.
Security: the entire blockchain is made up of nodes that all act as notaries for every new transaction. That could make banking more secure and it’s in everybody’s interest to have everybody paying attention to all transactions.
Privacy : Conventional data storage methods, like storing encrypted user data on private server farms, can be scaled, moved, and modified to suit different legislative approaches to privacy in different countries but it's not that simple for blockchain networks to accomplish.
Complexity: Cryptocurrency may be in the news regularly these days, but the blockchain that supports it is still complicated. Explaining it to the uninitiated is going to be a slow and arduous process. Those convinced for a Blockchain's good future.
Transparency: eliminating all middle men, like banking institutions or other central authorities; suppliers are directly connected to the customers.
Security: the entire blockchain is made up of nodes that all act as notaries for every new transaction. That could make banking more secure and it’s in everybody’s interest to have everybody paying attention to all transactions.
Privacy : Conventional data storage methods, like storing encrypted user data on private server farms, can be scaled, moved, and modified to suit different legislative approaches to privacy in different countries but it's not that simple for blockchain networks to accomplish.
Complexity: Cryptocurrency may be in the news regularly these days, but the blockchain that supports it is still complicated. Explaining it to the uninitiated is going to be a slow and arduous process. Those convinced for a Blockchain's good future.
This technology, as already mentioned above, is capable of transforming the economy. In fact, given the large-scale implementation of the block, it is about creating a second generation economy where market participants can do without intermediaries. For example, when working with services such as Uber, Airbnb or eBay, blocking services enable users to work with resources together, performing operations directly. In this case, we see the beginning of the work of the "economy of joint participation".
Blockchain’s nature as a “multi-party trust mechanism makes it become reasonably applicable in the next two or three years. It will be the cornerstone of trust for the digital society in the future due to the decentralized and secure charateristics. However, Blockchain isn't without its flaws and shortcomings. The Bitcoin crew itself is suffering from inner feuds over how to deal with scalability issues pertaining to the Blockchain, which are casting a shadow over the future of the cryptocurrency.
I think Blockchain has an immense potential for Internet of Things.
Internet of things (IoT) is in the making, mainly depending on client/server communications, centralized trust brokers and protocols. But the centralized network seems to become the bottleneck and causes lags and failures in critical exchanges because of too much network traffic. Therefore, Blockchain with the decentralized and secure nature is a solution to IoT.
Internet of things (IoT) is in the making, mainly depending on client/server communications, centralized trust brokers and protocols. But the centralized network seems to become the bottleneck and causes lags and failures in critical exchanges because of too much network traffic. Therefore, Blockchain with the decentralized and secure nature is a solution to IoT.
Using crypto with blockchain was getting broad now in e every country they are looking to use it ,just like my country which is the Philippines our national banks already looking to use it because they see that it could really help for the fast transaction of paying or payment system.
Blockchain is really a life supporting technology which has a great and awesome future. A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. This allows the participants to verify and audit transactions inexpensively. A blockchain database is managed autonomously using a peer-to-peer network and a distributed times-tamping server.
Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications. Looking at the vast and numerous problem blockchain seeks to solve you can see that there is a bright future for it and it is going to bring relief to humanity. Life will be simpler and easier some years to come through blockchain.
Blockchain technology is the backbone of Bitcoin.
Blockchain has legitimate potential to change the world. Blockchain is not a ‘disruptive’ technology,
which can attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly. Blockchain is a foundational technology. A 'digital transcript' created to avoid fraud,
It has the potential to create new foundations for our economic and social systems.
Blockchain has legitimate potential to change the world. Blockchain is not a ‘disruptive’ technology,
which can attack a traditional business model with a lower-cost solution and overtake incumbent firms quickly. Blockchain is a foundational technology. A 'digital transcript' created to avoid fraud,
It has the potential to create new foundations for our economic and social systems.
I've often wondered about what the future of blockchain would look like. I guess a good start for your article would be to look at some of the glaring shortcomings of the current blockchain and see what solutions exist to them. Here's the question i posted on Quora about this: https://www.quora.com/What-is-the-third-generation-blockchain
Perhaps some of the answers might help you with your article.
Perhaps some of the answers might help you with your article.
I see the future of blockchain to be bright and is going to make life simpler, easier and faster. Blockchain has the solution to most of the problem the world is facing today.
Recently, it is very interesting, whether the blockchain will be one of the main parts of the economy of the countries and legalized for common use? Many different versions heard on this topic.
what do you think about future blockchain ?
I am trying to write good article and trying to research more to build good article. Thanks you guys. (Forgive me for any mistake
I am trying to write good article and trying to research more to build good article. Thanks you guys. (Forgive me for any mistake
I'm especially excited about the opportunities that are giving the power back to the hands of people instead of lucky few. Like the options to sell your own data directly, that is really cool way to streamline passive income.
The future of bitcoin is to make the market transparent and people can control it at any time
Very interesting post OP I definitely also feel that decentralized applications are going to be big!, I'm glad to see people are starting to recognize the potential of decentralized applications. The image should really have NEO spread all over it though, as the NEO virtual machine is capable of running dAPPs for pretty much every purpose illustrated there, as well as a few others too.
Imagine decentralized video game platforms, one can only hope.
Imagine decentralized video game platforms, one can only hope.
Many industries are now implementing blockchain technology due to the main core property of its decentralization. This allows no central bank or government influence over the coin and decides the best price of the product based on its use, therefore many companies are creating coins of its own from e-commerce to iOS devices.
Blockchain has been working perfectly with bitcoin and Ethereum for several years now, with out breaking down system, and Blockchain has been on high point every point in time on bitcoin transaction success. Therefore Blockchain has a future aim
The ability to exploit Blockchain technology in modern society, especially social 4.0 as this day has shown the strength and prospects of Blockchain. Blockchain offers great savings and is extremely secure. That is what btc brings to the future
in my opinion, we all nobody knows with blockchain in the future. but with the development of modern times and technology increasingly sophisticated, does not rule out the possibility that the blockchain will get better. so positive thinking is the thing I always do. thank you
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