What is the blockchain more concerned about?

Under the encouragement of instant wealth, many people have claimed blockchain entrepreneurship. The internet enterprises are also to adopt blockchain technology to expand business coverage. What is the blockchain more concerned about? Where will blockchain trend to?

What is the blockchain more concerned about?

The early blockchain projects such as Bitcoin, Ethereum and Litecoin not eventually worry the rise or fall of the prices. However, efforts to improve the underlying technology and community have never been relaxed. For instance, the original idea of Bitcoin is to construct a large community supported globally. Later the ETH founder Vitalik Buterin has traveled to China to coordinate with mine owners to widen the supports of miners and improvement to ETH community; not to mention that the EOS token designed to deploy super nodes worldwide in order to enlarge the communities...

Although all communities composite with different social roles and they are transformable to each other, they densely demand for large-scale community support to land coins and tokens. “In financial thesis, a commodity or service is valuated by consumers whom concern it values in a certain units of assets, so does the cryptocurrency.” said Citicoins. If none of us concern Bitcoin value, for example, we “would ever not get wind of cryptocurrency” eventually. Meanwhile technique is definitely the most basic background. Whether it is performed as distributed storage, smart contracts, or future blockchains development, it is inseparable from technical supplies.

Where will blockchain trend to?

In the first quarter of 2018, news medias continuously exposed various deceitful blockchain scams. While governments gradually enforce regulatory, bear market was accelerated. At the same time, some experts and scholars proposed to reform coins and blockains. However, some insiders are not much optimistic about “coin or chain reform” as to believe “reform” is the concept and routine that scams are best at.

The concept of blockchain is a civic idea and began to spread globally by the influence of monetary effects. Some insiders believe that a few well-known cryptocurrencies such as Ethereum and EOS market foot on the experimental phase as there is still far to reach up hundreds-of-millions user bases. Also none of newly deployed cryptocurrency orientates as a succeeded sample.

Nowadays, many internet giants motivates blockchain applicability in use rather than trade such as IBM, Amazon, Apple and Microsoft. In comparison with the ordinary blockchain project, the internet giants have greater advantages in terms of resources, user base, and technique that are relatively powerful. They therefore, are able deploy projects soon after implementing. The concept of decentralization will undoubtedly be realized gradually. However, the issues of Bitcoin, Ethereum, EOS and many other cryptocurrencies have provided the internet giant with good examples.