The most famous application of Blockchain is “Bitcoin”. Whoever bought just $1000 worth of Bitcoin around year 2010 would be a millionaire now. However, other than “Bitcoin” and cryptocurrencies, blockchain technology do have other uses. So is blockchain useful or not? Only time will tell.
See also our previous posts:
- Blockchains and Application in Bitcoins
- Education and the Blockchain – Should We be Teaching Blockchain in Schools?
- The Math of Bitcoins
Source: Channel News Asia
Blockchain has been heralded as a potential panacea for everything from poverty and famine to cancer. In fact, it is the most overhyped – and least useful – technology in human history.
In practice, blockchain is nothing more than a glorified spreadsheet. But it has also become the byword for a libertarian ideology that treats all governments, central banks, traditional financial institutions, and real-world currencies as evil concentrations of power that must be destroyed.