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?
Blockchain technology is most adopted and known in cryptocurrency for it provides the privacy, security and safety of the transactions, assets and everything that necessitates crypto space and is performing very well. At this time, there are lots of new applications that uses blockchain technology, there are around 17 applications that uses it and it includes Asset management: trade management and settlement, Insurance: claims processing, payment: cross-border payment, unconventional money lenders and traditional money lending. As you can see that the following given are related to financial aspects which needs more of privacy and security.