Without a doubt, cryptocurrencies have marked the Internet at the end of 2017. At this point, a lot of people are asking themselves if ‘the craze’ will continue or it will end with a bubble. However, big money is now in play and it seems like things are getting serious.
The most interesting (and logical) thing about cryptocurrencies, though, is not the fear of them being a bubble. Instead, it is their widespread use. Thanks to the blockchain as a technology, cryptocurrencies are powering a lot of things including email, search, social networking and everything that needs certain decentralization.
There are even bigger projects in plan such as improving healthcare, banking and allowing for faster and better transactions. The blockchain can also improve the ways we track land ownership, how we distribute medicine and how we grant diplomas. According to many, blockchain is the new Internet – and crypto currencies are here to mark its value.
In 2018, we are probably going to see blockchain tried, whether we like it or not. This is mainly because of the venture capital that is flowing around most of these startups (which are also cryptocurrencies) and their radical ideas to make the Internet safer from a new perspective. This will also be a breaking point which will decide whether the Bitcoin bubble keeps soaring or finally pops.
Still, there are a lot of questions that need proper answers in the crypto world. These three perfectly sum up the most important ones:
- Are ICO tokens primarily investments – or tools?
- Can we give up the idea that cryptocurrencies are a new species of traditional cash?
- Can developers end the technical problems surrounding Bitcoin and many other coins?
Once these questions are answered, the future for cryptocurrencies will be certainly brighter. However, it is no doubt that their value will continue to grow – and that people will invest even more of their money in hopes to capitalize on the trend.
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