Superclean Intro to Crypto
What is going on with crypto?
Updated June 22, 2018
The world of blockchain/crypto/related technologies keeps moving forward. Bitcoin, the world's premiere proof-of-work network, is still solid and expanding. Platforms and dapps, smart contracts, sidechains, smart bridges, tokens, utilities are making their way to business adoption. There is excitement and suspense as these projects advance from testnet to mainnet while the SEC and CFTC hint their perspectives.
Giants of tech (Microsoft, IBM) and finance (almost everybody) are in play and startups are everywhere. Mining means big business in China and household survival in Venezuela. Onramp exchanges are setting the custodial tables for institutional investment and new markets. Does it feel like the early days of the WWW again? Remember "the internet is a fad"?
I think we are about to witness a momentous wave of innovation as the Internet of Information transforms into the Internet of Value, and it will effect everybody.
Mainstream smart contracts adoption is coming, and this will only be the beginning, as Blockchain*, Artificial Intelligence, Internet of Things, Robotics, and VR advance together (for better and worse). Great new companies will emerge and stodgy ones will fail. The decentralized nature of blockchain -- should it persevere -- keeps things honest. That's the dream, anyway. Whatever happens, I think it's important to get a handle on the concepts, as there will be huge benefits to those who can see what is coming.
*By blockchain I mean the overlapping areas of blockchain and distributed ledger technologies.