Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
Have you seen all of coins that have become the major crypto that give a lot of domination to the crypto? they are getting a lot of inspiration from that. Remember everybody wants to create his/he own idea and then try to implement it in our life. We know that so many people are still seeing about a lot of opportunities in the crypto.
Definitely, there is lot of competition going on crypto. Everyone want to make a new altcoin in this market as they hope it will become popular after few years. Money matters these days this block chain technology will play a big role in humans life. There are lot of coins being developed but only few succeed.