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?
Talking about blockchain technology, I think it is still much underrated considering the increased amounts of security it can bring with it. Major companies are trying to move their data over blockchain but there is still a huge market of blockchain. Indian government has already announced its plans to create a govt. backed cryptocurrency Lakshmi and also said that it would promote the use of blockchain in all sectors. some companies India has even started to take it's property records over blockchain.
This is really impressive. I hope all countries and their government come to understand the benefit of the Blockchain technology and not limiting it's citizens from it.