What progress is happening with blockchain and cryptocurrency?
Blockchain and cryptocurrency have been consistently growing toward the mainstream. They have been slowed by technological immaturity, but there is plenty of evidence to show that this will not last for long.
The more I have studied the cryptocurrency industry, the more I find one common theme. People make snap decisions about whether cryptocurrenies are good based on their price alone. Unfortunately, this leads people to miss the truth about the consistent progress which is quietly transforming our society.
To be fair, blockchain is challenged with some well known hurdles which are hindering its ability to be mass adopted. Concepts such as scaling, volatility, fees, and ease of use have dominated the news. These challenges certainly do need to be solved, however it may not happen all at one time. There are going to be many baby steps along the way that will help reveal solutions to these major challenges. Here are 7 important breakthroughs that have happened recently...
Will blockchain and cryptocurrencies impact our political, economic, and social landscape? Yes. All three of these topics are being reshaped and redesigned by the influence of this new technology.
The impacts of the digital age are grinding their way into the mainstream discussion. Governments are scrambling to figure out which course of action will be best for their country. Businesses are waking up to the idea that the old ways of doing things will not work as well in the near future. Social norms are shifting as new ways of sharing ideas emerge. Let's take a look at a few ways blockchain/cryptocurrency are influencing change in society.