Blockchain Technology Evolution: I Didn’t First Know of Bitcoin Like Most Of Y’all
It’s fascinating to see how the Crypto sphere has evolved from a few tens of crypto products to multi-thousands of them as I type this. The world is inarguably facing a new phase of tech and this time it’s all digital.
It started in 2019 after the Genesis Block was created.
The history of bitcoin isn’t among the scope of this article but how well Blockchain technology has evolved.
How most of us started
Most of us in one way or the other started our crypto journey by buying bitcoin with cash. You see, Bitcoin happens to be the very first crypto that lands on the table when Blockchain is being discussed and this has been the case to this day. So, here was how the game was played.
- Deposit cash from the bank
- Buy crypto ( Bitcoin, Eth, LTC)
- leave it seating there till a miracle happens.
Apart from Bitcoin, we also have the very first decentralized computing platform (Ethereum) which was launched in 2015.
The statements above were how most first folks who got into blockchain started. But for me, the story was different. Before we get down to that, let’s see how things changed in a short period of time.
Blockchain was developed to provide a distributed public ledger to support the cryptocurrency bitcoin. And Bitcoin on the other hand was created for people to send money over the internet without the need of a centralized firm or middleman.
But as time passed, Vitalik Buterin came up with an idea to build a decentralized space for developers to build projects while utilizing Blockchain technology.
As you can see, the blockchain products have now expanded from just Bitcoin to Ethereum. And Ethereum itself is now offering people the opportunity to create more products on the blockchain.
I didn’t get to Blockchain through Bitcoin like most of y’all
I got into Blockchain 7 years after it was launched and no doubt, plenty of things has immensely evolved before then. At the time I joined, the number of blockchain products has moved from just Bitcoin and Ethereum to multi hundreds of them. Blockchain technology grew from just sending payments over the internet to earning tokens for creating content on the chain.
I’m already 6years old on the chain. No, imagine how large the new technology has evolved. As of March 2022, it was said that we now have over 18,000 cryptocurrencies in existence. This proves that there are now multiple ways to get involved.
conclusion
The massive adoption of Blockchain and its currencies is yet to be seen. Blockchain is the future of technology in all sorts of ways. Adopt Blockchain and believe in the process.
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