What will be the future of blockchain technology?
Blockchain technology continues to gain popularity day after day. Only the massive phenomenon that the Internet supposed in the 90s is comparable to the social impact that this technology is having. So, we can easily say that the future of blockchain is bright.Click here to know about bitcoin btc.
In the year 1998 there was a million users on the internet. Today it exceeds 4,000 million, which represents more than 50% of the world’s population. Blockchain currently exceeds three million users, 0.5% of the world’s population.Visit this site to know about bitcoin btc.
We can see the future
We are still far from a widespread Blockchain implementation. Even so, in many sectors the important advantages it offers are already being taken advantage of. As it is a peer-to-peer network (P2P) within a system, the time and costs involved in intermediaries are considerably reduced. This possibility of eliminating intermediaries greatly facilitates its viability and implementation, as a need that society has been demanding for some time to make transfers of any kind. The structure of our system places small competitors and companies at a great disadvantage which, through this decentralized system, achieve a much more egalitarian position in their favor.
The content of the blocks added to the chain can be consulted by anyone at any time, and whose information cannot be deleted or modified. Blockchain simplifies the transaction system by eliminating intermediaries and incorporates an important added value: total transparency.
People are getting involved
The exponential growth of Blockchain has resulteda large number of startups work on developing platforms or solutions that use Blockchain. Large companies and even governments of some states are joining these initiatives, trying to be pioneers in their application of new uses. Because everyone knows, if they do not embrace blockchain now willingly, they will be far behind the technology world.