Blockchain is exploding

Blockchain is exploding

Some people say that blockchain is the biggest change and progress since the birth of the Internet. I think so.

The Internet has always had centralized networks and distributed networks.

Due to various reasons (I think the main reason is technical implementation), centralized networks have been prioritized for development.

Over the years, a large number of Internet products and business models based on centralized networks have emerged, and finally cloud computing has been developed, and a large number of products and business models based on cloud computing have emerged, such as many big data and artificial intelligence products, even smart cities. ’s stuff, at least so far, is mostly based on cloud computing and centralized networks.

Products and business models based on distributed networks have always been relatively rare and relatively well-known. For example, products such as torrent downloads many years ago and Bitcoin, blockchain and some p2p social communications (such as telegram) in recent years. .

The emergence of blockchain has given distributed networks many advantages and solved many problems that centralized networks cannot or are difficult to solve. For example, trust, privacy and other extremely sensitive issues.

So, what can blockchain do?

This question is difficult to answer, and digital currency is only one aspect. Blockchain has the potential to subvert all existing Internet products and business models. It may also have a great impact on the way human society is organized as a whole.

Let’s wait and see.