Why Blockchain And Cryptocurrency is Bigger Than The Internet
It is safe to assume that anyone with any kind of means for listening or watching the news must have heard of Bitcoin at one time or the other this year. The cryptocurrency industry has truly exploded to the mainstream scene and everyone of note from big banking establishments to authorities in different countries have taken notice of what Bill Gates describes as a force of Nature that cannot be stopped!
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The Blockchain technology bar none is the greatest invention mankind has ever managed to create on its own. This marvel of technology has been argued to be greater than even the internet itself, for a number of reasons.
Some of the most important reasons include:
Destroying Border Restrictions for Everything: While the internet has been hailed for liberalizing the access of information and making it easy for anyone to get informed, the blockchain technology doesn’t only replicate that function but it also makes it impossible in the times ahead for any government to restrict the free flow of businesses with stifling rules that make it difficult to flow over borderlines.
Real-World Uses: The Internet in its make is solely a virtual realm invention, while the blockchain technology will not only rule the virtual realm but it will also shake up the way we do the simplest things like shopping from people directly instead of expensive online stores, paying our energy bills automatically and accurately, or drive us safely from one point to another in a self-driving vehicle built to move on a smart traffic grid.
Elimination of all Middlemen: The ideals behind the internet was to liberalize information and deliver services to all users in an efficient and cost-effective manner. Instead the internet veered off from this course and became a place where huge monopolies such as Google and Facebook were built. With the blockchain technology this will NEVER happen, as it ensures that every participant has a say and no single person, group or entity has any ultimate power over it.
"This is potentially bigger than the internet. I missed out on that whole thing somehow, and don't want to miss out on cryptocurrency/blockchain." - Someone who doesn't own any yet because they want to understand it more first.
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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I Belive that blockchain is becoming the new internet!
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Thanks
I think there are a lot of sense in those points but here is a knockout point for you:
Blockchain simply adds to the benefits of the internet and so can't be compared to the internet.
This is just my opinion tho, no hard feelings. Have a great Sunday!
Nice.please can you direc me on how to use bitcoin or any other cryptocurrency.