A large claim indeed. But when you consider the potentiality of the technology; blockchain and its progeny offer a great deal if humanity does well to develop it in the right directions.
In its present form, cryptocurrencies are a semi-new emerging open-source technology that is evolving and manifesting in many directions. From the original whitepaper set forth by Satoshi Nakamoto which led to the development of SHA-256 algorithms, to smart-contracts development and more recently, Tangle. Troths of people in many industries are realizing the value of blockchain and what it can achieve.
With new industries adopting blockchains, comes the rise of alt coins beyond bitcoin. Ethereum, Litecoin, IOTA, and PowerLedger are among many rising stars. This explosion of new coins has created a hotbed for trading due to cryptocurrencies volatile nature. The fluctuations in currencies have become attractive to traders. But what happens when cryptocurrency becomes more commonplace to spend amongst the general populous?
Mass adoption of crypto would create a more stable and fluid market. Much like the value of the fiat USD, crypto currencies could become fastly stable. This fluidity of exchange between the citizenry, without the need for institution-based financial oversight and administration would allow people to cheaply, and safely conduct varying degrees of business between each other. No exuberant fees, no paying CEO corporate bonuses, and paying into racket retirement funds. Simply people making software-regulated transaction between each other for goods and services without the need for a bank, or realtor, or notary or other.
Navigating the world of crypto is a blend of both technology, and finance. If you’re new to BOTH, the learning curve will be considerably slower. But anyone who is self motivated can dive head first into this exciting new world with a plethora of resources (YouTube, forums, social media groups etc).
With these possibilities in the air in cryptocurrencies and the technologies driving them by many brilliant and bold minds, gives rise to the notion that an actual revolution, transcending borders and boundaries could actually lead to the kind of paradigm shift societies need across the globe. Coupled with the solidity of the security within blockchain and other ledger based software, crypto is here to stay. And it’s growth with be exponential.
Welcome, to the next stage of our societal evolution.
