Blockchains are still early!

[Cashi]

Well, Blockchains can be very different  

There is a Bitcoin Blockchain (which is quite old compared to Ethereum or EOS) so there are different Blockchains.
But I got your point here, the Blockchain technology is still in its early days and will be a solution of many parts for everyday problems. There will be a huge development and coins we maybe don't know today.  

[Aligab166]

"We tend to exaggerate the impact of technology on the short term, but massively underestimate its impact on the long term. It’s clear that blockchains are early today, but they will undoubtedly transform economies tomorrow." - Beniamin Mincu CEO - www.elrond.com

What do you guys think?

https://twitter.com/ElrondNetwork/status/1102530679324196864

The Blockchain technology is barely 11 years that means we still have a lot to develop. Everyone has to be patient, and think of more innovative projects to host on the blockchain.

[dirgayeah]

Yeah it still to early bro. It need much time for blockchain adoption. Because some institution like bank not interested with this. But I hope this will implemented on governance soon.

[sabine80]

crypto certainly has a long way to go before it can fully unfold and that will probably take years. that is why i think we're still at the beginning of crypto development. the internet took a long time to be as it is today. that also took years.

[Burogh]

I think that blockchain is future.. it is already proven.. more cost-effective, less fees and higher speed as there are no intermediaries, more transparency, lack of one point failure... That is why sooner or later, this will make a huge impact in all our lifes and will get massively adopted.

I am agree. Blockchain technology will used by any institution. Every company must be want to safe cost and to secure their data, with blockchain, company can do both. Blockchain will growing and will adopting in our lifes

[defoman]

I agree with this statement, in my opinion, we expect that the blockchain will make a revolution today, but for the development of technology and its full use, time is necessary. I am sure that we should talk about such things in 5-10 years, when the first results will be visible and the blockchain will be used everywhere.

[tonibyuzen]

My experience in the field of information technology suggests that this is true. People tend to exaggerate the impact of technology in the short term and underestimate its impact in the long term. Blockchain is one of those technologies that can really turn our lives around and make it better, but do not expect that it will happen tomorrow, it can take decades.

[bittraffic]

Blockchain is gradually spreading its use.  There was recent news about it being used on election system which is quite a good example for utilizing blockchain technology. There are networks today that is spreading the word about the technology so this is going to be adopted soon and I think those who invest today are going to be the rich guys of tomorrow.

[robro]

Blockchain is gradually spreading its use.  There was recent news about it being used on election system which is quite a good example for utilizing blockchain technology. There are networks today that is spreading the word about the technology so this is going to be adopted soon and I think those who invest today are going to be the rich guys of tomorrow.

another aspect to keep in mind is blockchain as being user-friendly - we'll have to see how projects will implement this in time.

[Little Mouse]

Yes, agreed that blockchain is still in its early stage and there is a massive chance of getting flourished. By the way, what's the connection between blockchain's early age and altcoin? Is there any?

[danherbias07]

Strongly agree.
It is still in the baby stage of adoption. In fact, tell that word to someone on the streets and they even know what "blockchain" is or do not even have any idea.
News anchors dont even have the guts to make a report about it and would rather feed people with lies or just known artist for them to be more popular and get monthly salary.
I guess local television owners wont even want it for it will give them no rating.

[jan.nicolas]

I think that today they are trying to apply this technology not only in the financial sector, so I think that it is already time to apply it wherever it finds a place. I think that today there is a sense to really talk about it.

[Sebas.tian]

The internet took decades to be adopted into society. Before that, it has to improve in the technological aspect like the OSI layer, IP addresses etc. Now bitcoin is still a decade year old and it's not technologically mature not imo considering it scalability, its use as a currency and a store of value. But I'm positive that along the way, we will have a breakthrough and the same thing will happen like in the case of the internet.

[salad daging]

in fact many people believe in the potential of the blockchain in changing the economic system in the future but usually they are quickly carried away so that when crypto prices go down, they will quickly claim that the future of blockchain and crypto will soon die and therefore people are the growth blockchain and crypto are hampered due to the impact of their pessimism, others will be affected and eventually give up or leave crypto and that will extend this difficult period, if only everyone is optimistic the market will recover quickly and the blockchain will become increasingly popular

[St4yInTh3D4rk]

Blockchain technology was implemented invented way back then it was implemented on bitcoin at 2009 so it is literally not new when compared to the technologies were are using like smartphones but applications are blockchain is is not implemented on many places so it looks new to the common people.

[StephenJH]

I think that today they are trying to apply this technology not only in the financial sector, so I think that it is already time to apply it wherever it finds a place. I think that today there is a sense to really talk about it.

Blockchain technology is the biggest invention after the Internet. Big companies think about ways to implement this invention to their system. It makes sense to promote this technology and this promotion will increase both demand and supply in a timely matter.

[Barbut]

Blockchain technology was implemented way back then it was implemented on bitcoin at 2017 so it is literally not new when compared to the technologies were are using like smartphones but applications are blockchain is is not implemented on many places so it looks new to the common people.

You didnt get this topic, moving from one system from another is slow process, it can last very long, how much will last implementing blockchain  in global economy we will see, some people say 5 years, others 20, but I guess we will need to wait to see.
Here the main word is global, globally, not individuals, its about full adoption of blockchain, and I think thats coming.

[Milamol]

In some form, the blockchain has been around for a long time. Perhaps this would be common everywhere, but the highest hierarchy of society does not need it. Therefore, the introduction of the blockchain into the lives of all people is the work of all of us.

[rosezionjohn]

I think everyone knows that the implementation of blockchain technology is still in the early stages. It may have accelerated a bit this past few months but it is still a long way to go.

[styca]

Yes, we are still in the early days. Obviously the very beginning has gone, when all discussions were very technical and there was a considerable barrier to entry. Nowadays that barrier, whilst still there, is more easily surmountable. We will have mainstream adoption at some point, and we're getting there, but it's still a fair way off.