Blockchain or Cryptocurrency, which one is more important?
Some analysts have pointed out that blockchain technology will remain but cryptocurrency will disappear. Can this happen?
Many of today’s answers show that this is a well-thought-out scenario because blockchain technology will be useful for a wide range of industries such as transportation, logistics, healthcare, licensing, etc. But crypto seems to be the opposite. The enemy, the enemy of the governments of countries that are taking control of the world’s currencies, from the US dollar, the British pound, the euro, to the yen, the yen, Won,…
Does the death of cryptocurrency be a gradual death but that certainty? This repetitive question is the obsession of the whole Crypto community.
With a series of powerful global scythes nestled on the fragile, weak throats of power illusionists, they seem to be leading a divine revolution called decentralization and crypto to overthrow the Centralization and power with the monetary tools available hundreds of years make this outcome seem irresistible.
There are some glimpses of opposites based on our careful study, these views and arguments are most likely the basis of our next hope for the crypto market. This study will be presented below
Logically speaking, does the crypto market exist and survive? This is a core question because if it is not worth it and can not exist, it does not make a real difference, it costs us protection, maintaining it is more foolish than wise. Diminished according to the law of the survival of nature.
But our point is that blockchain can go away, but will Cryptocurrency remain? Let us consider this point below.
Blockchain will probably disappear and be replaced by decentralized and centralized, decentralized hybrid technologies such as Iota’s Tangle based on the DAG algorithm and more recently Hash Graph and emerging technologies. in the future replace the blockchain. It may not be Chain, but rather a decentralized network that uses a mixture of different technologies.
Will Murphy is vice president at Talla.com for Blockchain, the company behind Botchain (a blockchain that manages independent intelligence units).
‘I predict that in the next 10 years, blockchain technology will improve to a degree that we will no longer call’ Blockchain ‘as a term of technological history.
Think about it. Why do we call it a blockchain? There are three most interesting parts of the blockchain:
Consensus mechanism
Management mechanism
The structure of blockchain
The structure of Blockchain will affect the extent to which the network can receive, the transaction time, and so on. Why is it called ‘blockchain’?
Then, what do we define ‘blockchain’? Break up into two separate parts:
Block (block): A series of transactions are grouped together.
Chain: The cypher blocks are connected in a linear fashion.
Bye — bye Blocks
In the future, I think Block will not be needed. In its place, would be a system where the transactions are linked together and can confirm the previous transaction.
To send the next transaction, you need to validate the others on the waiting list. To get what you want (according to your deal), you have to do some work for others.
Why is it this way? Because the transaction time in this model will be faster, for example, the transaction time of bitcoin today. The diggers will be removing the technical step and every transaction when confirming the past transactions. Transaction time can be slower when more people use the system at the same time.
Strings
I also think in the future, the chain will not be a chain of designated blocks. I think it will look like a grid (or graph). We can have a non-linear set of branches going in a number of different directions, where many parallel transactions are occurring. So, we will temporarily call it the transaction graph.
Perhaps we will call it ‘graph’ the same way we refer to today’s ‘cloud’. All will save this information and transaction into this global graph (whether we know it or not).
DAG
The thing I saw most recently so far that fits my imagination is a graph that has direct cycles.
A Blockchain in the future will look like this
According to Wikipedia: ‘In mathematics and computer science, the acyclic graph is oriented as a graph of limits without the cycles being oriented.’
DAG’s model works differently than blockchain. A common blockchain requires the diggers to maintain blocks, but a DAG will not need to prove work or blocks.
There should be new management models. So, there is a lot of work to do.
But theoretically, this model will become better when new nodes are added. Thus, it can be an improved model for either charge (or ethereum term ‘gas’) and scalability for current blockchain models.
In the future, we might get something made by blockchain, of course, it should be better. But there are still challenges to this model, so I do not know how it will grow. However, I think this design is really fascinating and I am extremely curious to see how it evolved. — Quoted from Cointelegraph.
This is an interview with Will Murphy. His findings, as well as some other studies, indicate that Blockchain may evolve into new forms or that it may not survive for so long.
But crypto cannot disappear, cannot be destroyed, and here is the reason.
Cryptocurrency is the means to operate the Incentive Mechanism, which is close to the survival instinct of humanity as well as the entire organic organism on Earth. If you do not want to say the whole universe. Why is that so? Our analysis analyzes the following arguments:
Darwin’s theory of evolution has come up with the emergence and evolution of all species from microbes to plants, from single-cell to multicellular, from aquatic fish, terrestrial species, or species. birds of the sky or humans are based on the basic mechanism of nature that Darwin calls natural selection.
What is the principle of natural selection?
It encourages strong laws to live weakly and die.
How is it called strong, weak life is dead?
Example: A tiger in the forest, if some time it cannot find food to the limit it will die. Is the survival instinct of the tiger motivating it to hunt? So it’s just too general to be detailed and specific, that is, when the hunger rises the biochemical responses in the brain in conjunction with the biological algorithm that induces it to feel hungry, appetite and when To eat, the body, the spirit of emotion, happy and full of satisfaction, mechanism and naming is studied in the description described in Homo Deus. It is the mechanism of not eating, the hunger, the appetite, the satisfying food that promotes the hunting effort, thus promoting the general survival of the tiger, which it does not know. When hunger, the feeling of discomfort, weakness, appetite and when the belly appears pleasant sense of what we call it? Going deeper into the root cause of the problem, our team tried to name and identify the biological algorithm, finally finding out that it was the Incentive Mechanism that naturally programmed. It is the most important invention, the source of all the selection processes that nature has created to promote the survival instinct, the survival of the living organism, but if the tiger has only existential instinct In itself, if its race continues to exist after its death, then the second instinct creature is instinctively maintaining its race to pass on to the next generation. This instinct is because the tiger is aware of the obligation to maintain the lineage? Not at all, it is only a concept that when sex is done, both male tigers and tigers feel the orgasm running down his back and overflowing with his body. This is also the mechanism that promotes the reproductive behaviour of each species in nature. And the next great invention of nature is to encourage the survival of the offspring beyond the consciousness of the tiger. And so are the other species, Homo Sapiens.
Evolutionary theory and Incentive Mechanism motivate the tiger to hunt
Now let’s go back to the Bitcoin white paper.
Satoshi Nakamoto created two important things rooted in his White Paper. First, he created a mechanism for data entry on public ledgers using a hash-based algorithm to create a technology he called blockchain.
Secondly, Satoshi also created Bitcoin as a currency to pay incentives for the entire team to build systems, operate nodes, protect the system and use the system. Cyptocurrency and incentives have been algorithmized in the system, since the Genesis mass was launched by Nakamoto, Bitcoin began to pique the curiosity of engineers, the miner who owned the computer, Interestingly, due to the reward system, not Nakamoto, they eagerly pushed the machine to start rolling, they themselves have not imagined the value of it in the future. For example, in 2010, an office worker paid 12,000 Bitcoins for a pizza, which was the first official recognition of the value of Satoshi’s Bitcoins. And after that pizza, the speed of the miners and the people involved in trading with Bitcoin on its blockchain system is growing in number voluntarily. Remember no one forces them to do that. Until now there have been established companies exploiting and benefiting from the blockbuster Bitcoin giant Bitmain is preparing to have the first tens of billions of dollars that they themselves do not know who Satoshi does not say he has Inviting or coercing them into the system, is proof of the magical effect of Incentive Mechanism through the cryptocurrency of Bitcoin.
The Cryptocurrency, which has its own name, Bitcoin, comes with automatic Incentive Mechanism that touches not only the most basic survival traits of the human race but also the survival instinct of all creatures. It is a stimulation of curiosity, stimulating the desire to benefit even the small and permanent of each species in which there are humans. Incentive Mechanism automatically motivates each individual to participate voluntarily, so does it easily disappear? Obviously not. What touches the basic instinct of living will last forever. Cryptocurrency is the visible, perceptible part and the means to perform the automatic and voluntary Incentive Mechanism, which is a powerful stimulus that Satoshi has created. It has become and will become the soul of Crypto Industry and Crypto Market.
So if the blockchain is going to disappear or be replaced by decentralized or centralized decentralized or centralized network technologies such as Tangle or HashGraph or new technologies coming from the future. But its soul is Cryptocurrency to operate. Incentive Mechanism voluntarily engages in building, operating, exploiting, extending, and systemizing to benefit the individual or organization itself, even stepping forward. In between Machine to Machine will not only disappear but also be the main way of promoting the development of industrial, technological, commercial, financial and social systems in the present and in the future. Is this reasonable?
Once a crypto has emerged, forming the crypto industry, the crypto market, the crypto economy, it will not disappear into nothingness. What can not disappear is that it will have a great chance to survive and grow to its maximum scale. So if we do not believe that the crypto market can exist then let it die. But Cryptocurrency will not die because it is the mechanism that simulates the incentive mechanism of nature. We have to be natural by nature because we are stronger than ourselves. We will find our true opportunity. Blockchain can disappear but Crypto will go along with the technological development and economic growth of human society.
Blockchain allows reduced intermediary management costs, increased transparency, increased invariance, increased operational and decision-making democracy in the system, which has created new value for the economy. Technology, technology, world industry.
If Blockchain generates additive, additive, multiplier, Cryptocurrency and Crypto-everything with internal Incentive Mechanism will turn every evolutionary system into semi-autonomous, self-propelled engines. Completely, the value added will increase sharply exponentially. So reckless and innocent when it only recognized the value of Blockchain that hastily denied the value of Crypto Industry, Crypto Market, ironically more than intended to wipe out or let it die prematurely?
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