Blockchain Will Change Everything

In this article, I will outline two key outcomes that will likely arise as a result of mass adoption of the block-chain technology. If you haven't already seen my first post here - Bitcoin and Beyond, I overviewed on the subject, so in this piece I will state two likely scenarios that are to come out of this technology, once the rest of us get into the block-chain groove.

Short video on how bitcoin works

So by understanding the nature of how blockchain works and the ideas surrounding the technology - A New Dawn, one can than foresee what is likely to occur in the coming near future, once bitcoin and other altcoins eventually become mainstream and is adapted by the masses.

The following two important things will emerge and has the potential of changing our lives for the better:

Sustainable Alternative Energy Sources

Bitcoin and other altcoins place their ability to sustain itself by rewarding miners who use their computers to supply the computing power needed to process transactions onto the block-chain. Because it uses computing power, an increase in miners, will only correlate to an increase in the need for electricity and other alternative energy sources to power up the increasing number of computers.

Source: Bloomerberg

The key thing to understand here is that, where there is a need a solution will arise. And for that matter, more and more people will device cheaper ways to generate electricity to power up and perpetuate the system, in order to generate profits for themselves.

Countless ways to earn money

Leading on from this, more and more alternative ways to earn money will soon flood the market. A classic example will be the very platform that is attracted us already, that is SteemIt. We simply get paid to share ideas and some people might as well make a leaving of it as this area also improves in the long run.

So you can see where this is all going - countless opportunities will emerge. When you start to realize this, then you'd see why blockchain technology will change everything.

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