Blockchain as a revolutionary technology?

[YuginKadoya]

I think you can't still call the blockchain as a revolutionary technology as not all people around the world change their lives because of it. It will still take years for it to become perfect and it will have to improve more.

You can say that blockchain really is revolutional but I really think bitcoin is the one responsible in changing the lives of its user blockchain only provide the technology in every transaction by means of a ledger, But this kind of technology can be use in different aspect of services, It is still not perfect but there is a possible way in doing it.

[FrueGreads]

I do believe blockchain is a revolutionary technology simply because it creates trust in transactions without the need for a third party. This is important specially in the financial market, and it should really revolutionize that area, because transaction will become a lot faster. I think it's quite stupid to see banks taking on average 3 days to confirm a transaction that was made digitally (even more time, when we consider international transfers). Even blockchain the way ti is now, is a lot faster than banks already, and this is huge. Yes, it has the adoption problem, and for that I think that only of-chain solutions will do the trick (the lightning network is one of them). On chain solutions are possible as we know, but they would require dedicated infrastructures that would not be available for the average user, so this would ruin the "no need for a middleman thought".

Although blockchain will probably shine in the financial market, it's applications don't stop there, because it will be useful for everything that requires trust between to parties, without the need for a third party to verify it. For instance, this is good to make sure that University degrees are not false. Only a degree that was registered on a blochain would be considered valid. This removes a lot of bureaucracy from these systems, and it helps reduce corruption.

[HadadC]

Blockchain is amazing tech.People try to always develop it. Until now , i think best technology about using (P2P) network system. So , it will always in revolution

[jostorres]

Hi guys, have you ever thought about blockchain? If it is really revolutionary technology? I am reading many pessimistic opinions and articles, that it is not good technology. For example speed and massive adoption, we see this problem in Bitcoin blockchain and the transactions on blockchain, because it is the oldest one and there are the biggest number of transaction stored in blockchain, will this happen to every altcoins in the future? Will the Lightining network solve this problem? Why the Lightning network is not fully released - thanks to the miners - they want bigger rewards or? And what about mining - what will happen if we invent a quantum computer? Could we really trust in decentralized anonymous transactions in today's world?

Looking for your replies.

Indeed. There is no doubt in the fact that blockchain is a revolutionary technology. It has given power to people for doing transactions freely. Decentralized blockchain has removed the need for the interference of third party such as banks and financial institutions. It has made cross border payments much faster and with less fees.

Bitcoin can be said to be slow and one that has high fees, but that technology was created 5 years ago and now there are many coins that are much more advanced, have high transaction speed and very minimal fees. Blockchain has provided security, anonymity, privacy and accuracy in all fields.

[KEPLER99]

In technology perspective, bitcoin is relatively not revolutionary.

But as blockchain perspective, it is revolutionary and pioneering.

All the game theory and mining idea is came from bitcoin.

And all other coin is actually forked and copied from bitcoin as start.

I think bitcoin is the father of blockchain.

Picasso's painting is not cleaner and less completed than 3d printing images.

However we value his art more than any of more facinating printing of modern technology.

The value of bitcoin does not need to be considered in tech perspective.

That’s true indeed. Bitcoin can’t be said to be revolutionary, but blockchain surely is much more advance tech than we think and it’s still under development and can truly prove revolutionary. This is the reason many countries are struggling to accept bitcoin and other crypto currencies, but has accepted blockchain technology and have decided to discover its use and benefits further. Blockchain in a technology that gets better and better every day and every now and then new projects are made which redefine the importance of blockchain technology in the world.

[carodupuis]

The blockchain is simply an immutable datable that you cannot modify and you can trust the transactions on it. We are in the early stage of adoption and look on how many use cases that we see appear every day.

The fastest blockchain I know is Steemit, you can send a transaction in 3 seconds without any fee.

Indeed. Blockchain technology provides complete security, anonymity, privacy and accuracy to its users. It gives power to its users to do transactions without interference of third party and without giving any personal information. Transactions done through most of the crypto coins that are based on blockchain technology are untraceable and private. Well, there are many fast blockchains than steemit. There is XRP that is said to settle transactions from one fiat currency to another fiat currency in just matter of seconds. Also there is WAVES, NANO and many other that offer high transaction fees and minimum or no fees.

[malbano2099]

Indeed I concur that blockchain innovation is progressive innovation and on the off chance that we have to the client of this cash then we should focus on the blockchain innovation and in the present time this innovation is further developed and the crypto clients can utilize bitcoin and to hold bitcoin this all therefore. The blockchain wallets and the online stores and other utilization of crypto the blockchain innovation is in the primary line I have seen and I trust that this will intriduce all the more great things for bitcoin and alts.

I belive that it is extremely progressive innovation. It is imaginative approach of money and new sort of capital. In any capacity notwithstanding being critical and concentrating on its mix-ups and shortcomings, blockchain innovation is introductory advance of economy improvement. Without a doubt, it require a few changes and enhancements in future.

[piterpie]

Hi guys, have you ever thought about blockchain? If it is really revolutionary technology? I am reading many pessimistic opinions and articles, that it is not good technology. For example speed and massive adoption, we see this problem in Bitcoin blockchain and the transactions on blockchain, because it is the oldest one and there are the biggest number of transaction stored in blockchain, will this happen to every altcoins in the future? Will the Lightining network solve this problem? Why the Lightning network is not fully released - thanks to the miners - they want bigger rewards or? And what about mining - what will happen if we invent a quantum computer? Could we really trust in decentralized anonymous transactions in today's world?

Looking for your replies.

The blockchain is arguably the most revolutionary and greatest revolutionary technology since the internet, but there is now another revolutionary and more revolutionary alternative to Blockchain, and perhaps that change will replace Blockchain in the future.

[Altcoindealer]

People who say its not revolutionary have no idea. They think the decentralising is just a simple task. But thats why its so geniues. Its so simple system, but no one else had this idea before. So today theres such a big problem with security everywhere. They build securitry software to encrypt eerything, and the hacker always find a way wo het threw. So with the blockchain you have just many notes which are witness of every transaction. So its not possible to cheat. So many security with less effort. What you want more?

[Angelia46]

I always think that blockchain is a very good technology, faces is the problem of throughput, however, because of the dispersion of reason, so now can't solve the problem of high throughput, then this could be solved in the future,

[akmittal]

Really, Blockchain is a revolutionary technology, it has similar effect as Internet changes the life of the whole world. Blockchain technology also going to effect the working of various sectors.

[unsquidly]

Yes, It is a revolutionary technology and this technology is tested by many brand businesses such as Microsoft, Amazon, IOTA etc. and it is secure too

[Cryptoipad]

The blockchain as a revolution technology to related on altcoin exchange business.Although blockchain is one of the most higher coin of these new technologies, it is also perhaps the least understood. Blockchain is the distributed ledger a database that is shared across multiple sites or institutions to furnish a secure and transparent record of events occurring during the provision of a service or contract  that supports cryptocurrencies digital assets designed to work as mediums of exchange in revolution of world.The blockchain technology to support human development of revolution in this process.We have blockchains also offer a higher degree of privacy because users must use public key cryptographic tools to access the ledger and operate within the network of revolution.

[ZahaRip]

I would say rather innovative technology. Humanity has not yet understood where to use it. So as she well goes absolutely everywhere. Because anonymity is a myth in our time.

[AzureDragon]

Hi guys, have you ever thought about blockchain? If it is really revolutionary technology? I am reading many pessimistic opinions and articles, that it is not good technology. For example speed and massive adoption, we see this problem in Bitcoin blockchain and the transactions on blockchain, because it is the oldest one and there are the biggest number of transaction stored in blockchain, will this happen to every altcoins in the future? Will the Lightining network solve this problem? Why the Lightning network is not fully released - thanks to the miners - they want bigger rewards or? And what about mining - what will happen if we invent a quantum computer? Could we really trust in decentralized anonymous transactions in today's world?

Looking for your replies.

IMHO blockchain is not revolutionary technology but it is very promising. Nowdays low rate of blockchain prevents widespread of suach a technology. But it is very usefull in the field of IT (I mean version control systems). Then next step is to introduce it into bank system.
After a quantum computer will be invented we get a new world not only in cryptocurrency but in whole cryprography. This excatly will be the revolution.

[tirrke]

I think that this is a completely new technology and it will change our view of finance. With the invention of quantum computers nothing has changed, except for computing power. Hackers will always be.

[Rizky Aditya]

It seems to me that blockchain revolution is impossible without revolution in people's minds. The main problem of our time is that people have not changed. Revolution in the consciousness of not happened. People remained true to their addiction to Fiat and so we are faced with the current crisis. Those who spread fakes that the sale of 40,000 bitcoins could provoke such a fall in prices do not understand the mechanism of price formation. This situation can significantly reduce the interest not only in cryptocurrency but also in blockchain.

True. However great and revolutionary a technology may be, it is merely nothing unless people understand the purpose of it and start using it. We are still far away from seeing mass adoption of crypto currencies and blockchain technology. There are still many people that believe that digital technology cannot be trusted and old methods must not be replaced.

Unless people get to know what blockchain is and what purpose it serves, blockchain will never be able to become revolutionary. People need to educate themselves and know how blockchain provide privacy, security, accuracy of information and anonymity.

[LeyAngelDevs]

I think this is not so revolutionary technology. But this is good opportunities to create electronic currency and electronic goverment.
Also this is good opportininties for business to collect money for create new products and other technologies.
This technology will develop and will stay more faster ans safety.

[kmkfan628]

...what will happen if we invent a quantum computer?

so we do have quantum computers today. however they are no practical threat to the bitcoin network or any other at the moment. these types of machines are really only currently used for problems in optimization. for instance if you want to route all the flights of an airline carrier in the most effective way possible. quantum computers can handle problems with many many variables. like for instance taking all starting point and end points of the destinations of all your passengers, as well as all the gates you have available at all the airports in the country, as well as how many pilots you have on staff, and the amount of airplanes the company has in service... then the computer can spit out what it believes is the most optimum outcome for which people belong on which planes in order to to get everyone to their destination in the most cost effective manner possible. quantum computers are also used in weather forecasting, where again there are a tremendous amount of data and variables and the outcome is not necessarily an exact answer but a probability a specific outcome will occur. these types of computers are EXTREMELY difficult to just write programs for and to date we have not unlocked the real potential for this kind of technology. your bitcoins are safe. you should be more concerned about Bitmain tbh.

[CryptoTrip]

Definitely yes. Many leading companies either use or implement blocking technology. Another question about crypto-currencies. How much they are necessary and useful