Blockchain is known as the backbone technology behind Bitcoin, and it is one of the hottest and most intriguing technologies in the market today. The current combined value of cryptocurrencies in circulation worldwide to be more that $200 billon and expects continued growth.
Like the rise of the internet, Blockchain has the potential to truly disrupt multiple industries and make processes more democratic, secure, transparent and efficient. Entrepreneurs, startup companies, investors, global organizations and governments have all identified as a revolutionary technology.
Blockchain is a decentralized, shared public ledger that keeps a record of all transactions that take place across a peer-to-peer network. It contains the records of all the transactions or digital events executed and shared among all participating parties. Every transaction in the shared ledger is verified and linked in the system by the consensus of a majority of participants. All the records in Blockchain are decentralized, immutable and non-removable.
This makes it a revolutionary way to authenticate and verify all the transactions that happened in the chain. By allowing digital information to be distributed but not copied, Blockchain technology creates the backbone of a new type of internet.
Blockchain Internet Space is created to provide focus on Blockchain latest news and insights from the experts to the people who are enthusiasts of Blockchains.
The future of Blockchain technology is Internet 2.0. With that being said, the hardest part for everyone who is bullish about it, is how to move that from here.
Currently, there is only a small subset of the population that’s even aware of this technology. To achieve wide-scale adoption of Blockchains, much much more people need to get involved in it. As Fred Ehrsam posted the answer:
“The biggest bottleneck to solving scalability is the number of people working on the problem.”
I hope my websites could generate more awareness of its importance and how it could impact our economic and social lives.
I ask that if I ever say anything that captures your interest, that you get involved within my site. If you have anything that you want to share or any opinion on any of the content I have created on my site, please email me at reubeno@blockchaininternetspace.com or contact me at +65 85893983. I love to hear your feedback.
I wish you all the best with your entrepreneur journey with zest for life and thank you for dropping by.
Reuben H C Ong (a.k.a Reuben Ong)
Founder of Personal Development Academy (PDA)
Book Author of “Cracking The Destiny Code”
Website:
https://blockchaininternetspace.com