After doing my research, I found that as of August 2018, there were over 1,600 cryptocurrencies. Presently, I'm sure that there's a great increase in the number of cryptocurrencies. This is because almost every time, new cryptocurrencies are created. With this and some other improvements, it is obvious that the Blockchain technology is really spreading. However, a lot of people have little or no idea about the Crypto world.
I was really surprised when I realised that only about 8% of Americans own Crypto money, and they are mostly men.
Some say that the Blockchain technology isn't really going as far as it should because most users don't really confide in others.
What do you think is the reason why the Blockchain technology isn't adopted as fast as we suppose it should?
First of all, the fact that there are many crypto tokens does not say anything about adoption. These are immature ways of making one's own money, one's own usage. And it all seemed very exciting in 2017 until the vast majority of projects failed. Secondly, even though Blockchain is spreading indeed, there are some nuances to the process. For instance, sometimes it's Blockchain that is embraced but not cryptocurrencies, and this is not necessarily a win for us. Another thing is those centralized tokens that might even pose a threat to cryptocurrencies because they are very similar but don't promote financial freedom and can be strictly regulated and controlled. As for the rates of adoption, if we look at the growing number of Blockchain wallets, this number is increasing very slowly if we ever want to compare Bitcoin with services like PayPal or even Apple Pay.