Insanely Practical

 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

 Nostalgic has its own stand regardless of the age we stand in. In retrospect, we could see a lot of things that made us emotionally attached and then went far. But when we think of it, it reminds us of the things we enjoyed or experienced. There are a lot of ways we can actually make those emotionally attached things or moments with us. With the help of technology, we can even declare ownership. That may sound crazy and stupid. When everything is going digital, then why not the digital product itself cannot have this ownership. That is the only concern among some people about keeping their digital lifestyle memory ownership. But now there is nothing to worry about. With Blockchain we can create the digital age ownership to anything digital. NFTs are at the early stages of their digital ownership ventures. We can make those really important things more important and close to ourselves with the help of NFTs. Only a few people are making well use of this technology. By few people, I mean

The ledger in blockchain need not necessarily backed by a currency. For a system that need large amount of nodes, like in case of public permissioned blockchain, it is essential to give an incentive either in form of reduction in transaction fee or some currencies. This is a high incentive for those who works with high computational powers. They would demand this. But in case of private blockchain there is no need of providing a currency in the form of incentives. Private blockchains are used when the peer nods comes to know each at least half of them. They form a network of peer group and validate the transactions. Since private blockchain entitles the identity of each nodes, it is impossible to get a lot of people through. So these private blockchain lacks popularity and hence there is no coin. But this is extremely helpful in large corporations to store and validate data. They can create a supply chain where everything could be traceable form the very beginning. It involves no s

Every areas of development could be integrated to other areas as well. We invented and discovered many such things and integrated to many other things. Famous Newton’s law when found out might be little difficult to put in action. But after a couple od decades we discovered it’s essence in everyday life. Even space crafts use this same law at the time of its propulsion. This is not new and is happening in every where. AI when discovered hadn’t had that much of everyday implementation. But now almost half of the things we do is assisted by it. It is even helping the astronomers to find new planet and the presence of aliens. It was not believed to be a game changer in the field of astronomy. But it dad and will continue to impact for a long period of time. Experts predicated it’s user scalability and threats.   This same thing will happen with Blockchain. It is still at its initial stage and it is now identified as a synonym for Bitcoin. This will change in the near future. Change is al

 The introduction of Blockchain at its early stage required a lot of work. Technology becomes powerful when it reaches more people. It is like getting democratized. Blockchain itself is a technology of democratization. Making everything decentralize, is gonna create a revolution. Most of the time when we think about liberty and free act, we would often consider being able to express ourselves freely. That is sure of putting as it implies the literary meaning. But liberty also means letting ourselves keep our most important things. Rise technology and advertisement led every organization to collect as much data as means of advertising. Earlier data was not certainly necessary, now it is inevitable. Without it, it seems like the world is going to freeze.   Collecting data is good when we get the most out of it. For several reasons, we are obliged to give our data for free in exchange for the service they provide. We cannot resist ourselves from its influence. We care less about data and

The highest growth that is happening right now in terms of CAGR is in the field of Blockchain. It’s growth is a clear sign of change. A change like that happened when internet was introduced, or even bigger. Because only very few times in sometimes this happens that when technology getting introduced at necessity. For every entrepreneur, it would be like a heaven when his business grows in demand. Demands are created of there is necessity. Blockchain is such a disrupting technology. Because it was introduced at the very beginning stage of dictatorship. Blockchain makes the free world even more free, may be free from everything. Because of the decentralization process, the long time authorities are bound to doom.   Anyone can make fortune if observed carefully. Bitcoin more than a crypto, people are using it a digital asset to invest their money. Due to the fact that the growth is out of the chart, those who invested made tons in return. This gave a lot of hope to investors and money i

Many times I noticed people getting skeptical when it comes to Bitcoin and Blockchain. This happens every time when something that is confidential completely unknown to the masses comes to attention. The reason is the lack of proof. People need to validate the history before making sure everything is fine and safe to work. Computers and internet faced the same issue. But within a few decades it proved that this will become an everyday life thing. In case of Bitcoin we don’t have to wait for multiple decades, this can happen within a very few decade. The reason is the exponential growth of technologies and the understanding of human consciousness. In this world of everything is free, all we need is the right sources to form a good perception. A larger difference between just a decade ago and now is the mode of availability of knowledge. We could see people saying that the reason why they missed the Amazon edge was they didn’t saw its rise because of the lack of knowledge. Now this is n