Why everybody is doing blockchain?

[nvedia]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

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[avilsd]

Nothing changes drastically, unless you make good use of it. A lot of people are now just beginning to understand the serious potential with this (in terms of money) so that's why everybody is excited. Suddenly when you have an overpriced industry promoting some strange concepts, everyone bats an eye. Now not everything is worthwhile, but there are generally some projects to focus on.

[Bukx]

This is new era of blockchain and world need changing to be better than.
Then how we will if centralized is good or better if we dont try the decentralize. World will always change so if dont follow it then we will be in the back for sure. Thats the reason why people doing blickchain.

[cipher-x_09]

Because in our society today we accept changes as everyday part of our life just like how our cellular phones improve from time to time, like for example from iPhone 7 to iPhone X this year, the same goes for our every day of living of life people will need to find a way to improve our daily to help our life be a better and much more comfortable.

[TomUyamot]

Well, let us just say that this is just an option which people may choose if they want to. If they do not want it then there is the traditional way of doing things. Blockchain is unique in that it is a public document so to speak. It is a ledger of transactions, all transactions, that can be accessed publicly by anyone. That means, the blockchain technology is the most transparent of all. And then the blockchain will only show wallet addresses, which means the real identity of the people using it is kept out, it is not known. And again, there is the issue of the banks and its system which practically monitors everything happening in the financial world. Crypto, along with blockchain, lets you get out of it.

[prlelbnwh]

In fact, bitcoin, ETH and DASH have made the whole blockchain relatively complete, and I think most people are passionate about the blockchain because of their interest because the industry is so easy to make money

[jseverson]

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

Well I haven't heard of blockchains being hacked yet, so I wouldn't say that for certain.

Either way, the blockchain is a new way of doing things. It has proven to be effective at promoting decentralization and transparency, and is lauded for that very same potential. It's poised to be the "next big thing", and people are starting to realize it. Companies are going crazy over it because there is no clear cut leader yet. The one which ends up at the front of the pack will earn a significant fortune for sure.

You don't have to use it right now, because it's simply an alternative at the moment, but it may be revolutionized to run most of everything in the future. You never really know.

[Yamifoud]

In fact, bitcoin, ETH and DASH have made the whole blockchain relatively complete, and I think most people are passionate about the blockchain because of their interest because the industry is so easy to make money

I know lot of people are getting curious about this technology and of what they have hear and read from news probably drives them into crypto world. Not exactly that all of us are engaging crypto because some of us are still doubted about is existence and really don't know how it works for us.

[gentlemand]

Cos it's a cool sounding word. I remember someone here talking to finance people at a tech conference. They all adored 'blockchain' but didn't actually know what it meant or what it was supposed to do.

Expect 99.8% or more of current ICOs, businesses and proposals to never amount to shit.

[Wyne]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

When bitcoin or crypto-currency was introduced by Satoshi Nakamoto way back Year 2007, His white paper proposes that  each piece of bitcoin contains equivalent hash.  The number of bitcoin circulation will only reproduce through generating hash (in bitcoin developer terminology means solving complex mathematical problem). It was called bitcoin mining(or crypto currency mining). Everybody can connect in bitcoin network and can contribute in generating hash (peer-to-peer network).  In simple term, bitcoin is just a number in computer with equivalent hash instead of gold.  In the present system, Federal Reserve can add number of dollar in the circulation through the changes in number saved in computer.  

Each computer are connected in bitcoin network and generate hash (bitcoin mining) called node.  Each bitcoin transaction is register in node.   Since bitcoin transaction is in the node, each node became and serve as your bank.  

Bitcoin is an open source (anybody can access its technical details on how bitcoin works) and peer-to-peer (anybody can create a node or bank).  So, we can consider that the intrinsic value of bitcoin is "trust and confidence" just like flat.  Some of us receive our salary or payment through bank.  We paid service charge in the bank to save in the computer the number that is equivalent to our money (flat value).  If the bank or the government declared bankruptcy, our money will disappear just like a bubble.  

Crypto-currency  is a system of currency that is decentralized meaning nobody (government or bank) controls it.  Meaning, there will be no service charge or bank charge will be deducted to you everytime you made any transaction.  In short, through cryptocurrency, you do not need bank because you have and can create your own bank.

Just like what happen in the past, the mode of transaction drastically change from gold or earth metals into flat,  in the next generation, flat will be replaced by crypto currency as anew currency.  It may be difficult in the start but sooner or later, people will be at ease in using it. The only advantage of those people who believes and invest as soon as bitcoin currency introduced is of course they are wealthier people compared to those who do not believe.  
 

[wilhb81]

No doubt that blockchain technology is the main portal for digital currencies. It changes and alter the perception of people, especially for those that want to seek decentralized solution. Together with the combination of Fintech - It's only the beginning chapter of digital currencies and will get better in near future

[Cryptohad]

In fact, bitcoin, ETH and DASH have made the whole blockchain relatively complete, and I think most people are passionate about the blockchain because of their interest because the industry is so easy to make money

yes, I agree with you, because block chain is easy to give profit. not just DAsh, ETH, but also BCH.

[Cimmy_revenger]

blockchain is an undeniable technology. all data in blockchain is valid and can be accounted for its validity.
even a hacker if he want to damage the system he has to hack all the servers.

[rickn]

Blockchain makes solutions to the world's problems easier to find. It is a technology that can be employed in any type of activity, is safe, transparent and fast.

[orka39]

In fact, bitcoin, ETH and DASH have made the whole blockchain relatively complete, and I think most people are passionate about the blockchain because of their interest because the industry is so easy to make money

Yes, people doing blockchain because this technology make us earning money.
Its not matter about bank i think but i can make money with this technology that the most important for me.

[Lei Crypto bounty]

Why everybody is doing blockchain?

if you understand the usage of blockchain you'll be amazed on how and what can
it help on every person, company , country that going to adopt the blockchain,
Blockchain is like a universe it's so vast and unlimited Blockchain is like a hardisk space that
doesn't end , blockchain can help to reduce the tree cutting and uses of papers around the world
because it can be used on transaction keeping no papers needed it can save a lot on a company or industry.

Blockchain is the key on the more chance of improvement , more faster transaction , cost cutting on some legal documents by printing or producing more papers.

Block chain is still on it's early stage this is the sign that bitcoin value are on it's babe state.
of course and surely if people understand it many will adopt it's technology and will result on
bitcoin value to increase more..

invest now it's still not late to jump in.
Blockchain is one of the amazing technology invited by man or company.

[gabbie2010]

Adoption of blockchain technology by people is simply because they wanted to be anonymous in all aspects of their activities e.g insurance, banking, hospitals e.t.c blockchain is the solution due to it's decentralized feature people don't like exposing their identities and details in business or commercial activities any longer.

[Twinkledoe]

Cos it's a cool sounding word. I remember someone here talking to finance people at a tech conference. They all adored 'blockchain' but didn't actually know what it meant or what it was supposed to do.

Expect 99.8% or more of current ICOs, businesses and proposals to never amount to shit.

Yes, everyone is trying to join the bandwagon of blockchain even if they don't know well how it works. It's like you are cool if you know something about blockchain. And businesses are trying to integrate the blockchain in their operations because this is another way of avoiding big expenditures like taxes, transaction fees and others.

[emmmmm]

Blockchain can make all kinds of transactions public, so I think the blockchain is an innovative technology, and we are lucky enough to witness the future.

[Adv Tahmina]

It is a technology  that can be employed in any type of activity, is safe transparent. It changes and alter the perception of people.People doing blockchain because this technology makes us earning money.A lot of people are getting curious about this technology.

[hadveach]

I think this is just about the progress of the simpler and increasingly criminal times, if I compare with etherscan, I see even better block chain security. reality proves that a few days ago etherdelta was hacked.

[boyshx]

Bitcoin is the first cryptocurrency introduced to the world. So as the blockchain technology. Earlier many countries have welcomed bitcoin currency, they even accepted it as a legal currency along with their tradition currencies. But later on due to some securities these countries banned or tried to regulate bitcoin currency. But they are still welcominh bitcoin`s security system blockchain.  World have accepted Blockchain as one of the best security system. Indian sEBi chief recently warned citizens about cryptocurrencies, but he praised blockchain technology. Many countries are introducing their own cryptocurrencies using blockchain technology.

[wall101]

there's more blockchain as I have no blockchain here in our world, the transaction can not speed up the different bitcoin transfers to others. It's okay to withdraw bitcoin or altcoins because the blockchain is just a tool to send or to withdraw it to get it another okay to accept, I just do not know what happens when the blockchain is gone without it.

[UAE Seasider]

I think the Blockchain is making its way to many new applications and industries to improve the accountability of operations and also to negate and fraudulent activities. This new scheme for keeping public records has many benefits and not just financial.

[zolfa]

Bitcoin is the first cryptocurrency introduced to the world. So as the blockchain technology. Earlier many countries have welcomed bitcoin currency, they even accepted it as a legal currency along with their tradition currencies. But later on due to some securities these countries banned or tried to regulate bitcoin currency. But they are still welcominh bitcoin`s security system blockchain.  World have accepted Blockchain as one of the best security system. Indian sEBi chief recently warned citizens about cryptocurrencies, but he praised blockchain technology. Many countries are introducing their own cryptocurrencies using blockchain technology.

it's amazing, I agree with you. block chain technology is the most secure technology in the 21st century. This should be appreciated by the world. and should get a world record

[zenrol28]

This article will answer your questions.

https://cointelegraph.com/news/industries-and-blockchain-2017

These centralized database are not tamper proof. They can be changed by anyone who has / gains access to it. In order to make it looks like tamper proof, they make an emergency backup / restore point. Where those methods are less cost effective but safe in some way.

Unlike in a blockchain where it's decentralized, making a breach is almost impossible. And also blockchain technology is more cost effective.

[triciaa478]

When there is upgrade in your gadget you use in your home, you will definitely wish to get the new one. The same way applies to any man. Yes Banking is doing already good with centralized exchange, but blockchain which offers opportunity to see transaction in a public ledger is the best so far I think and it afford anyone to be a banker.

[Sunyoto]

I think the blockchain changes in the future are very good, because we make investments and transactions so very easy and safe, to get a lot of results in the future. because seen at bitcoin prices at the end is very good compared to the previous year, so next year if you can hold bitcoin you will benefit better at the right time.

[parassinghal]

I think its because everyone now depending upon the technology and digitization is also increasing. SO for a change the blockchain concept is introduced. Exactly i also don't know that why it is trending this much. But i think in future we will definitely get its advantage.

[Kakmakr]

You only realize the advantages when you live in a country where these centalized currencies fail. Then you will see how corrupt these centralized services are and how much power they have over your money and wealth.

There are several examples where these systems failed : Zimbabwe / Greece / Venezuela / cyprus and a lot more.

[YuginKadoya]

I think its because everyone now depending upon the technology and digitization is also increasing. SO for a change the blockchain concept is introduced. Exactly i also don't know that why it is trending this much. But i think in future we will definitely get its advantage.

Well it is really increasing and right now they are using this kind of technology utilizing its uses and obtaining a new plan in outsourcing their products or services with the use of Blockchain technology, I really think everything is innovating right now and we can see that every company like Shipchain are providing a services like FedEx, Royal Mail, ups, DHL Express, PostNL, and other multinational courier delivery services, But Shipchain is using Blockchain that is why I think this is a unique way in providing the same service like the other.

[vaughn125]

Well,  what we are witnessing is a new era of businesses and finances. You see, a lot of us are now in a time where everything we thought impossible is now happening. But the choices to adapt and take advantage of the situations nowadays still relies on the person's mind. On wether he/she will make efforts to be in the new trend which can either bo worth the offort or just a waste of time in the future. The risks are good. But if they are too scared, then nothing will happen.

[Mandoy]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

If you understand how banks are making money and what is the secret behind then you will say its okay. Actually there is no wrong in banks if it is just a facility of storing money but the big problem is on how they are earning using our money and how they are earning profits from just numbers without a physical money backing it. This technology , the blockchain technology is made for the purpose of transparency. It means that for example the 21 million of bitcoin, it cannot be duplicated nor they can create more coins to place in the circulation.

Of course there are both advantages and disadvantages on both side but is also good to have an option to choose from to break the monopoly.

[player514]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it this way. What you said isn't true, but imagine it was. Imagine that hospitals, schools, institutions, etc. are all good. Blockchain technology offers ways to make those good things even better. Using the ledger system, you can make things faster, use up less space, and in general optimize some solutions that have been implemented already. In other words, blockchain goes beyond just a form of making new things, but it also is a transformation for the older technologies we've been using. There is no change for you as the user, but you get to indulge in the benefits of optimization.

[alisa20172020]

If governments and banks can control your wealth, usually let your wealth depreciate every year, do you still think that block chain technology is useless? The block chain can make most industries as central as possible, which is very important for the future, which may be an opportunity for the whole society to advance.

[mutrang23]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Because blockchain is a new technology because this is the age of digital technology. Just as the profit of crypto gives the investor a great deal. A number that makes a lot of people interested and wants to participate in it.

[Nellayar]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Think of it. What is the definition of blockchain and how it contributes to bitcoin and altcoins. The existence of blockchain helps individual to view a transaction, to have proof of payment and to prevent scams. Everything always change and we must be thankful because it was invented during our time. Everything has purpose and we must go to the flow, for us not to become ignorant at  same time arrogant.

[mathiaslivis]

Block chain technology will make communication more convenient. Your payment, your travel, your education, your way of wealth. It's going to get rid of a lot of bondage.

[raven1322]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

Don't be too skeptic about it my friend, but you need to see it this way. The block chain technology is our way to get out of the current norm of our society where in big companies dictates how the financial system goes. Think of it that the block chain system is like the internet all over again. Whether you like it or not, you will eventually succumb to it.

[AlexanderAnthony]

Blockchain is the world's leading software platform for digital assets. Offering the largest production block chain platform in the world, we are using new technology to build a radically better financial system. And also blockchain technology is designed to prevent the bitcoin system from being touched or hacked.

[TiffanyLien23]

Blockchain Technology is designed to prevent the Bitcoin system from being hacked. This provided the opportunity to open the Decentralized method and to secure every transaction that occurring on Bitcoin.

[mr.bitcoin2k17]

Because it is a very promising techonology which can realy change the world

[fiulpro]

Well you know despite all the efforts we put into the thing is ..we aren't able to provide really corruption free good services and the government isn't distributing it's power and it's kind of concentrated at a point and thus it's creating problems and we aren't able to do anything about it...
These kind of decentralized system and cryptos are working towards making it amazingly nice and easy for people to know oneself and their rights and it's more secure and transparent and that's something that's good for the society .

[casdder]

Pay attention to the role of blockchain technology in trading, trading and business processes
Business networks and ledgers have long been the two concepts that explain blockchain, and when combined, blockchain technology is the cleverest and tightest choice for trading, payment transactions, and business processes.
Ledgers who trade on the web are in sync, and all users must approve and store the blockchain before confirming the transaction's tangible or intangible assets.
The idea of sharing in blockchain technology helps to be more transparent and fair in trade and payment transactions, even in the unfamiliar territory of both parties.

[Hafamot]

As storing if data is important for record purpose and reference. Likewise blockchain is a transaction record of crypo. The world can not be shy from it as it unique and store of value in cryptography and cryptocurrency.

[noonc]

With the development of the blockchain network, the value of the business system will continue to grow, and the blockchain in the business network, simultaneously playing a variety of types of participants. When the business network business development and growth, better reflect the value of blockchain technology. And, with robust business systems, business networks can more easily reach key quality levels, enabling users to quickly set up new business models and develop deals.

[YzzyGo]

A simple google search will yield most of the information that you need. The backbone of the concurrency industry, the blockchain technology, is one of the most important invention for the past decade. With it, you can remain anonymous with your transactions but people will still know that it happened since the ledger will be open to the people. No central bank keeping your private information which can be opened by any employee.

[menoharrison]

 because we make investments and transactions so very easy and safe, Blockchain Technology is also designed to prevent the Bitcoin system from being hacked.

[Fundalini]

Blockchain is the most useful innovation in our time imo, however lots of people sees it as an easy way of making money hence resulting in its the sudden popularity. Our time today feels like the gold rush...

[Anna567]

Because the rapid development of the block chain industry in recent years, we see the value of the blockchain and its development space, naturally, there will be a lot of people pay attention to the blockchain project.

[Btcjunpitz18]

In doing blockchain u will lost your worries as I have read an articles that "The fear of missing a trend.” suspect the leadership at great technology companies are similarly vigilant; the last thing they want is some new kid on the block disrupting their business models.

In the last 20 years, it's hard to think of a single revolutionary technology that Amazon, Google, Apple, or Facebook did not experiment with. Cloud technology, artificial intelligence, big data, voice assistants, augmented reality, self driving cars, machine/deep learning … all of these have been embraced (even pioneered) by these companies. But when it comes to blockchain, these firms don’t seem fazed by (or bothered with) it.

[bicoin110]

people moving to money and love it. blockchain give money to people. so you see this conditions.

[MkGregor]

Why everybody is doing blochain?

I feel the world is already doing good.
Our internet speeds are good, hospitals are doing good, insurance is working and so are the schools, flights and education

Why there is so much hype about blockchain and decentralization all of a sudden?

If insurance industry or banks are storing the transaction information in a central database/system and its been working fine so far and there is no double spending problem
, how would making it decentralized help so much?
Atleast from end user/customer it really doesnt matter as long as the information stored is accurate and transactions are going fine (which is already happening)

Agree that in the past, lot of hacking attempts happened (the big retail store credit card, credtit rating hacked etc) but these problems would still exist even if we do blockchain

May be I did not understood the concept of blockchain. Does anything changes drastically for me, the end user?
I would be still going to website to book my flight tickets or go to centers to write exams or get my insurance claims or be dependant on the banks for withdrawing my money etc
Please provide any links or articles to read which explains it in layman terms on what is really changing and what the sudden splurge of devs/companies are really doing

In the space of 5 years the way we process and transfer information will change radically because of blockchain. Put it simply, this is more efficient and safe way of transferring the information, than any other so far invented. Watch these two videos, and if you don't have time, watch the second one:
 https://www.youtube.com/watch?v=sDNN0uH2Z3o

https://www.youtube.com/watch?v=hYip_Vuv8J0