Hello all my Steemit friends !!!
Today we will discuss how the future of Bitcoin and other Crypto Currency looks like.
As in this 21st century all People are taking about blockchain technology. And People are saying that Blockchain is a Revolution of 21st Century and blockchain is connecting the whole world under one place only.
Blockchain has taken out many innovations in 21st century and came up with many opportunities in different different different industries. And this has made Bitcoin and other Cryptocurrencies more popular among people. As it got so much Popularity among people in 2017 that Bitcoin gained around 3200% in just a one year but in 2018 it's shows spectacular downward also . This shows that this Crypto Currency Market got over attention in 2017.
To understand the potential of Blockchain technology we will make comparison with internet technology a way back when internet was introduced. Introduction of Dotcom in internet and what Blockchain is gradually doing will give us a small pictures what Blockchain hold the future.
Based on how Dotcom worked. We are showing you how Blockchain has the future?
Generally three phases of disruption are common and same is following with blockchain technology . Three disruption are:
- Creation
In early days of every technology a lot of excitement is there like in Dotcom. As lot of excitement was there and a lot of companies were coming with new technology. And we can see what all Dotcom technology has gave us. Similarly in Crypto a lot of companies are coming with their project. So many institutional and educational companies has also entered in Crypto market.
2.Retraction
In starting every new technology makes people excited and number of people start making investment in it and the prices reaches to a unsustainable level of growth and then the bubble pops. And We can see the condition of bitcoin chart of last six months, it is same as of dotcom in 2000. Like dotcom it is healthy for long term.
3.Institutionalization
Dotcom gave birth to a lot number of companies and still many new innovations are coming similarly in Crypto Currency many innovation are taking place and many more will take birth and it will again reach unsustainable level like Dotcom.
For Sure Blockchain is a revolution of 21st Century.
What you think About Blockchain Is it a revolution and does it have a future?
What's your opinion about let me know by Commenting below.👇👇