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Blockchain advancement

 The blockchain concept is spreading like a wildfire. Right after the announcement of Bitcoin: a peer-to-peer electronic cash system, the concept of Bitcoin came into existence. Some people were thought of it as a revolutionary thing, but most of the people thought it was a foolish idea to have everything decentralized. People who believed that was a minority. But when we look now the minority is no more a minority. The acceptance of Bitcoin and Blockchain is really disrupting and more people are getting to know about this.

If we look at the county's central authority, although they are unhappy about the concept of bitcoin, they are interested in the technology behind bitcoin, the Blockchain. Estonia being the very first early adopter of Blockchain trusted it and paved the way for a new revolution. The countries which once banned the system are now experimenting with it. The panic that is created at the beginning of its emergence is not at all a panic anymore, instead, it became a necessity. Blockchain can be really disruptive when it is implemented.

The flaws that every technology brings at its initial time were made advanced by engineers and developers. But to make it happen first we have to acknowledge this fact and let the people know that this is a necessity than a play of money.


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