Huge Pressure after a 500% Increase since 2009
The Average home has 7 Internet Connected Devices
And yet we still expect and need more from the internet with data consumption still surging 22% a year. We’re 20 years into the internet Millenium, the .com bubble is a distant blip on the radar, but for many people, the internet remains temperamental, slow and expensive.
Sure we can use the telephone at the same time as the internet, god bless broadband. Despite this, we still experience slow delivery of data especially when the whole country is online. The Demand is indeed exponentially growing as is expected and with a current infrastructure built on a patchwork of copper wire, fiber and satellite, demand is
People want more internet and more cloud storage. We don’t use floppy disks, cd ROMs or even external hard drives to store our data anymore. Data is heavy, precious and entrusted to large centralized data centers. With all this demand these centers can’t cope. Users can’t access their data with simultaneous efficiency. outstripping growth blockchain companies are looking to provide an answer
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So why could we not expect growth in the price for bitcoins also? This is not something which should be considered though but the invention of bitcoins would never have any relations with the growth of internet traffic i guess.