Cryptocurrency / Blockchain; The best technological innovation of the decade
Crypto has come to stay and it's becoming glaring that there is nothing anyone could do to stop it. While crypto seems to be making waves, the technology that allows for them to be created in the first place is most times relatively unknown. I being one of the people who have no idea how many Blockchain exits.
I would be studying more to know more in the future but for now, only the blockchain know is Bitcoin, Ethereum, Hive, and Binance chain. Due to the usage and involving myself with crypto, I got to know about the Hive and Binance chain while Bitcoin and Ethereum blockchain was known through its popularity.
Blockchain technology has not just given the people the right to dream of actual freedom but it has also enriched a lot of people either through ROI on investment or providing a job. I for one had witnessed the advantages of Blockchain technology as I could voice what I am feeling in writing on hive / Leofinance without fear.
Gone are the days where websites are scared to voice their displeasures at government activities without the fear of having that site closed. Blockchain helped bridge that. Although blockchain technology has been integrated into a lot of things and industries, I still see it being underused. Some cogent aspect where blockchain could still be used to enable transparency and tranquility has not been enacted.
Some aspect where the Blockchain is urgently needed are;
Voting: Ever imagined how free and fair an election will be if conducted through the blockchain network, well I have. I have done that a million times due to how catastrophic elections pan out in my country. It's always chaos and rigorous rigging with bloodshed all over the place. Engaging Blockchain technology will not only ensure a few and fair election but a transparent voting process which could be monitored by everyone.
This still seems like a tall order due to the basic truth that it makes government lose a certain amount of control over its people. Regardless of that fact, the best channel that could have helped is through the blockchain channel.
Decision making and enactment:
Transparency and based on how fast the blockchain is, decision making on how to move forward is one of the functions that should be carried out. Integrity remains one of the watchwords of blockchain and it will enable this to the utmost of its capability. Not also forgetting that the decision taken could also be monitored too.
Blockchain being a ledger shows the action and timestamp of every action taken, so this way, progress on any project taken based on the decision made could be properly followed.
While other areas of blockchain being properly utilized are in the aspect of registering the birth and death of people. it will make information be in one place and also avoid repetition or manipulation.
It's virtually impossible to talk about blockchain without making mention of cryptocurrencies. The era of using the most popular cryptocurrency (BITCOIN) as a medium of payment is slowly declining as more people have started using it As a store of value thereby preserving wealth.
With over 10,000 Coins circulating, it's easy to see one of two coins addressing an issue by providing a solution to tackle it. This is why their popularity continues to grow on a steady basis daily. They a lot of benefits to cryptocurrency and blockchain at large but some stood out the most among others.
The area of blockchain providing jobs and expanding human activities is overwhelming. I am a writer and I earn for making use of the leofinance.io platform. Not only do I enjoy that, but I also get favorable information to enrich my knowledge while also making myself better in another aspect.
Some have become a crypto trader, some an analyst, some a developer and so on. These results are examples of what the government might find it hard to provide optimally but the in crypto space, there is a space for everyone as everyone is welcomed.
In What way have you benefitted from the Best technological advance of the decade?
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