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Author Topic: Would blockchain technologies continue Its development without cryptocurrency?  (Read 341 times)
Tides_Network
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September 09, 2018, 03:07:38 AM
 #41

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

Blockchains don't technically need a currency, bitcoin is quite simply simply a token representing value but other more convoluted things can be put in blockchains besides simple tokens.

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September 09, 2018, 03:13:10 AM
 #42

Remember that cryptocurrency utilizes the blockchain technology not like in the vice versa that blockchain technology uses Bitcoin. It is a ledger more of like something that records transaction. Free from manipulation unlike the physical that you could hear from bookkeepers or accountants in a company since it is recorded digitally. Don't put up the misconception into it.

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September 09, 2018, 03:16:03 AM
 #43

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?
I do not think this will happen. The basic stuff is running very well but it still does not have a good foothold in the world. It needs to stay this way for a long time and need some revision to attract more investors.

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September 09, 2018, 05:50:37 AM
 #44

Blockchain is a system of recording or databases that are widely distributed on the network, or also called the distributed ledger. So blockchain can stand without cryptocurrency. only now we find hundreds of projects using blockchain and create lots of tokens to deal with in the project
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September 09, 2018, 06:15:07 AM
 #45

Even if there is no crypto currencies the blockchain technologies have applications in this modern world so it will be developed on other fields too in the future,but now crypto currency already became part of our economy so it is not going to stay away from this world anymore unless a new technology comes and makes the bitcoin technology no use.

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September 09, 2018, 06:47:56 AM
 #46

Innovation requires research and it requires funds. Therefore, as long as the blockchain profitable for economy and profit one or more parties, blockchain will still get attention and development, unless there are other innovations suddenly appear like the blockchain itself which is given by Mr. Nakamoto to the world.


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September 09, 2018, 07:16:18 AM
 #47

The blockchain function is broader compared to cryptocurrency, as data processing and a transactional bookkeeping owned by blockchain will make various sectors, either from the industrial sector or other sectors, to adopt this technology. Who I know, blockchain was created to write all transactions in bitcoin, so if you ask blockchain to develop without cryptocurrency the answer is yes blockchain can develop without cryptocurrency. But on the contrary, cryptocurrency won't exist if the blockchain is destroyed.

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September 09, 2018, 11:02:49 AM
 #48

To be honest, I believe that blockchain is not the blockchain without decentralization part of it. When banks and private institutions are adopting blockchain technology, they are not actually transferring the control as per the decentralization so we cannot take the full benefit of it in that case. However, when it comes to the real blockchain project, cryptocurrency is necessary as it is like the fuel for the whole infrastructure. We won't be able to use blockchain ideally without cryptocurrency, in my honest opinion.

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September 09, 2018, 12:37:04 PM
 #49

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

Yes off course it will continue to rise no matter what happens. I mean it doesnt matter if the crypto currencies exists anymore or not because as you said blockchain itself is base for them and this thing is not the other way around.  Wink

Blockchain is self sustained technology which is there and can be modified due to its open and decentralised source and thus anyone can use it for their own benefits. This tech can be used anywhere in the world and in any industry. So surely it will survive on its own no matter what happens with the crypto currency.

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September 09, 2018, 01:06:18 PM
 #50

Even if there is no crypto currencies the blockchain technologies have applications in this modern world so it will be developed on other fields too in the future,but now crypto currency already became part of our economy so it is not going to stay away from this world anymore unless a new technology comes and makes the bitcoin technology no use.
Indeed, blockchain technology will still grow in other areas without cryptocurrency but I strongly suspect that this development will be maintained  to some degree, it can not go any further in the future because it lacks a tool, a product that can be linked to other areas. And here, I can say this omission is located in cryptocurrency, this is where intermediaries that help blockchain technology clearly demonstrate its value and convenience, in addition, legal barriers and issues surrounding the blockchain remain unresolved, that just made the technology really stand out when it passed crypto, instead of other fields
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September 09, 2018, 01:22:04 PM
 #51

The blockchain technology was developed for the sole aim of making financial transactions easy and on a peer to peer system, so the blockchain can and is use in the finance sector of the economy. But cryptocurrency became the major user of the blockchain due to it operations which is base on blockchain as it bank and the system on which it runs. But blockchain will keep developing without cryptocurrency.

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September 09, 2018, 07:44:57 PM
 #52

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?

Technically, blockchain (it is blockchain, not chain block or chain saw, yeah) is just one approach to organizing a distributed, fault-tolerant database, so it can be used in this field specifically. It may be not a very efficient solution for in-house applications where there is no issue of trust between nodes, but in a trustless environment it is probably the best solution out there, though I'm not that tech-savvy to make any definitive conclusion in this regard

In addition, it is rumored that the blockchain technology can be used for elections as it effectively prevents rigging the results, though I don't know if any government in the world would agree to implement a system which they don't have total control of. And especially in such delicate matters as the polls

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September 09, 2018, 07:47:11 PM
 #53

As we all know chain block technologies are the foundation of the cryptocurrency and chain block technologies can develop without the cryptocurrency.

Is this possible happen in the future? If so, how?
The technology blockchein is not directly related to the crypto currency and may well exist by itself, even if there is no crypto currency. First of all, blockchein technology is used where it is necessary to openly and safely store large databases using the global Internet. In my country, for example, blockchein technology is used for open storage and use by one of the ministries of the database of the Land Cadastre, that is, the database where information is kept about all the owners of land plots of the country and their full characteristics. These data are constantly replenished and changed. Earlier, putting such information on the Internet for open use was dangerous because of all sorts of hackers, but now blockchein technology allows doing this with a high degree of security. There are a lot of such examples and they have nothing to do with crypto currency.

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September 09, 2018, 07:58:12 PM
 #54

Yes, I think blockchain technology will continue to be developed without cryptocurrency. In government, for example, blockchain technology has many use cases that can help achieve greater efficiency and transparency, which has nothing to do with cryptocurrency. Recently, there have been many statements that the Government or bank will explore the use of blockchain technology to usher in a digital economy.

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September 09, 2018, 08:14:56 PM
 #55

one of the most successful reasons behind cryptocurrency was blockchain system. It was taken a long time and it has a lot of potentials. People are trying to use it for numerous projects like smart contacts and even altcoins, But it can be used with mostly on solving problems which include huge databases. Maybe blockchain will become something like a new data structure.


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September 09, 2018, 08:28:15 PM
 #56

I think blockchain technology will continue to grow without cryptocurrency. Because this technology is a modern technology and certainly will continue to grow. Now many industries are using this technology. So blockchain technology is a very good technology for the future.

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