Post
Topic
Board Bitcoin Discussion
Re: What Are The Benefits Of Blockchain In Our Today’s Life?
by
phucdt
on 20/11/2020, 09:00:16 UTC
That is a very good article. Kudos to the team!  Wink

As mentioned, '51% attacks' could be a threat to Blockchain. But with the rise of many Proof of Stake blockchains, this happens to be less dangerous than before. With a PoS, the attacker would need to obtain 51% of the cryptocurrency to carry out a 51% attack. The proof of stake avoids this ‘tragedy’ by making it disadvantageous for a miner with a 51% stake in a cryptocurrency to attack the network.

I am also very impressed by this information:
Quote
A recent example is TomoChain. They have officially cooperated with Vietnam’s Ministry of Education and Training to architect & utilize the NQA system for millions of Diplomas on their Blockchain, handling an entire nation’s demand for education.

This news shows us how far blockchain adoption has gone. Teaming up with the government is a huge step! Let's hope these kinds of partnerships will make blockchain become more friendly to our daily use, and when speaking of blockchain, people will have more things to discuss than just cryptocurrency.