Its like asking if the term internet is overused. In fact, terms like Decentralization and Blockchain technology have been hijacked by the popular media and is being used in a context that appears related at first glance but is actually technically incorrect. This has created an air of mystery around the blockchain technology that is making it difficult for people to trust it.
For example you will never see the media mentioning that the Blockchain in context of being a distributed ledger or its nature as a database. Granted that this does makes it difficult to understand, but at the end of the day we need to demystify this for the people. It needs to be shown that Blockchain is not overhyped but the term is being overused in the wrong context
i think there are many project on blockchain is underhyped they have lot more potential to grow like cradano, EOS, Steem, BNB. but there are many projects are over hyped on blockchain i mean 90% project are over hyped they have no working project no use-case they are come for making money in blockchain hype they no crypto is trending topic people are so attracted they are taking benifits from it. so if you see this 90% shit project then yes its over hyped and if you see remaining 10% its underhyped. so try to stay away from shit projects and always search good project. blockchain is really good technology and blockchain based project have potential to solve real world problem.
At least from my perspective, people been cheering this blockchain technology as the saviors for literally everything. However, if we take a look deep down in the technology itself, we could clearly see that the blockchain essentially tackles trust issues by providing a decentralized solution. Nowadays, literally most people think of blockchain technology as cryptocurrencies only. They hail the speculations and yell for the greatness of blockchain without really knowing much about this technology.
At the same time, there are a lot of tokenization being carried out as well. But how does they differ from the normal loyalty program which rewards the users with loyalty points? They would have to really offer a unique value to the users so that they could stand out and being adopted by people.
Anyway, unless there are more use cases being introduced or explored, the technology is indeed overhyped.
View this answer on Musing.io
Its like asking if the term internet is overused. In fact, terms like Decentralization and Blockchain technology have been hijacked by the popular media and is being used in a context that appears related at first glance but is actually technically incorrect. This has created an air of mystery around the blockchain technology that is making it difficult for people to trust it.
For example you will never see the media mentioning that the Blockchain in context of being a distributed ledger or its nature as a database. Granted that this does makes it difficult to understand, but at the end of the day we need to demystify this for the people. It needs to be shown that Blockchain is not overhyped but the term is being overused in the wrong context
i think there are many project on blockchain is underhyped they have lot more potential to grow like cradano, EOS, Steem, BNB. but there are many projects are over hyped on blockchain i mean 90% project are over hyped they have no working project no use-case they are come for making money in blockchain hype they no crypto is trending topic people are so attracted they are taking benifits from it. so if you see this 90% shit project then yes its over hyped and if you see remaining 10% its underhyped. so try to stay away from shit projects and always search good project. blockchain is really good technology and blockchain based project have potential to solve real world problem.
in my opinion it is not excessive, it will even help every other class of society
Not at all.
Moved to the Hive platform.
It is overhyped.
At least from my perspective, people been cheering this blockchain technology as the saviors for literally everything. However, if we take a look deep down in the technology itself, we could clearly see that the blockchain essentially tackles trust issues by providing a decentralized solution. Nowadays, literally most people think of blockchain technology as cryptocurrencies only. They hail the speculations and yell for the greatness of blockchain without really knowing much about this technology.
At the same time, there are a lot of tokenization being carried out as well. But how does they differ from the normal loyalty program which rewards the users with loyalty points? They would have to really offer a unique value to the users so that they could stand out and being adopted by people.
Anyway, unless there are more use cases being introduced or explored, the technology is indeed overhyped.
View this answer on Musing.io