Even when the internet was used for years, there were many who claimed it to be a fraud. Nonetheless, that did the deter internet from becoming the major influencer in our lives. We simply can’t live without internet now. We communicate, gather information and even shop our groceries via the internet now.
Fast forward 2 decades and this will be the future of Blockchain and Cryptocurrencies. There are many similarities between the internet and the Cryptocurrencies. Just like the internet, Cryptocurrencies are driven by the technological advancement and layers decentralize the technology. Companies and individuals are able to build their products and services using the interoperable open protocol that defines the layers. Like the internet, there were many players in the initial game blockchain also has numerous contributors. However, both internet and blockchain technology is strongest when there is only one network.
The Revolutionary App
The email was the app that made internet popular and effective. It was the perfect way to communicate. For blockchain, we believe Bitcoin is going the revolutionary app. Although the current possibilities of blockchain are limited, but it does hold a brighter future. The Bitcoin code describes a proper economic system. For instance, a transaction will become part of the Bitcoin blockchain only after it complies with the certain set of rules. Bitcoin codes set these rules. So, when a transaction does not compile with the rules it is rejected.
This means stealing your money and doing a fraud transaction will become next to impossible. With so many investors already in the game, it is highly likely that Blockchain becomes the future of financial transactions. As this is likely going to happen, we just you get in the race with the help of www.trulycoin.com and emerge as leaders instead of followers.