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Board Beginners & Help
Re: Questions About Blockchain
by
Ispep
on 27/10/2018, 11:10:00 UTC
1. Future of Blockchain technology ?
I'm no soothsayer,neither do I have powers to predict the future,and I guess 99% of users in this forum are like me,but we can make predictions based on the facts on the ground at the moment,the blockchain technology is barely 10yrs old,considering it's achievements in this short space of time, it's only reasonable to see an absolute mass adoption in the future, more and more companies,industries,establishments and even the government could adopt this technology..
2. Misconception about the technology?
To me the greatest misconception of this technology has to do with its users pitting it against the banking/financial system
What we have to know is that the system wasn't created to replace or as a substitute to our banks(which is impossible),the system was created to complement the bitcoin,and work as a ledger that tracks all transactions and breathes transparency
It could work side by side with our banking system sooner or later

3. Today's blockchain and its future ?
The blockchain is a decentralized distributed ledger,that is transparent and safe to use, it also serves as a technology that stores all the transactions carried out in the system,and this records are unalterable,for now the system is performing it's full course,with a hope of better improvements in the future..

As for the possibilities of this technology,go back to my reply for question one