Blockchain and cryptocurrency are considered to be two different things.
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data.
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A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies.
All credits are going straight to my homie aka Wikipedia.
So yea, blockchain and cryptocurrency; some people find them very common and some people find them very separated.
In the next coming years, plenty of technology will be based on the blockchain which is a wonderful and a great solution to our modern world. I find it a revolution in the technology, cryptocurrency is apart of revolution in the economy. Because after all, no one should have a control over money. Money MUST be decentralized owned by everyone and no one.
So, you are finally asking. What is the point of this post? No problems folks!
Let’s go straight to the topic. I’m going to talk about the development, not necessarily the coding development. People saying this every year “the next year will be the cryptocurrency year!” but that’s not true. Revolutions aren’t happening by a second, a day or a year. As we all can agree the internet is improving itself from 3G to 4G and so on with the years so the blockchain and the cryptocurrency is. What I am trying to say is, Blockchain and Cryptocurrency, both of them. Will adopt the world’s behaviour with the years, it might take over twenty years and even one hundred but eventually, it will be mainstream and used every day because it’s the best solution we got right now and we can’t avoid that.
It will not happen in a year, no matters what will happen. This revolution will take at least ten years to become obvious everywhere from Africa to America. Yes, Africa. That’s all the point of cryptocurrency, decentralization. But in one hundred years, our children will look at the past and ask themselves. How the hell people used cash and the current banking system. Exactly like we look at the past and wonder how people hundreds of years ago used chocolate as a currency? It’s true, google it.
