Bitcoin Is An Industrial Revolution

From the Bitcoin technological revolution was born a true industrial revolution. Bitcoin has enabled the creation of the cryptocurrency industry.

Following the success of Bitcoin, a very large number of cryptocurrency projects have emerged.

While many cryptocurrency projects were mainly motivated by the desire of their creators to make a lot of money, some other projects that have emerged address real-world user issues.

These cryptocurrencies responding to very real problems are the ones most likely to survive in the future.

The other cryptocurrencies, those that do not respond to any problems, i.e. about 99% of the current market, will inexorably go towards zero.

Very few cryptocurrencies really address real user problems. I can give you fourteen in the following, but not much more in an instant:

Bitcoin , which aims to be the medium of digital exchange and the digital store of value. The Bitcoin benefits fully from the first-mover advantage.

, which aims to be the medium of digital exchange and the digital store of value. The Bitcoin benefits fully from the first-mover advantage. Ethereum , which provides a complete platform of Smart Contracts and dApps already used by a large number of projects and users.

, which provides a complete platform of Smart Contracts and dApps already used by a large number of projects and users. Monero , aiming to address privacy concerns leading the field of anonymous, private and fungible digital money.

, aiming to address privacy concerns leading the field of anonymous, private and fungible digital money. Ripple , which aims to replace the SWIFT interbank payment system with instant transactions and reduced fees per transaction.

, which aims to replace the SWIFT interbank payment system with instant transactions and reduced fees per transaction. Stellar , pursuing a few of the same goals as Ripple while targeting individuals with the goal of banking unbanked customers around the world.

, pursuing a few of the same goals as Ripple while targeting individuals with the goal of banking unbanked customers around the world. Factom , wanting to offer a decentralized platform for notaries.

, wanting to offer a decentralized platform for notaries. Golem , whose stated goal is to become a kind of Airbnb of computing power. The platform lets users sharing some computing power and is based on the Ethereum platform.

, whose stated goal is to become a kind of Airbnb of computing power. The platform lets users sharing some computing power and is based on the Ethereum platform. Basic Attention Token , which aims to revolutionize the world of digital advertising with an innovative model that benefits advertisers, publishers, and users.

, which aims to revolutionize the world of digital advertising with an innovative model that benefits advertisers, publishers, and users. Siacoin , offering a fully decentralized cloud storage platform.

, offering a fully decentralized cloud storage platform. IOTA , which comes with its Tangle, a technology more scalable than the Blockchain, and which targets the Internet of Things (IoT).

, which comes with its Tangle, a technology more scalable than the Blockchain, and which targets the Internet of Things (IoT). Civic , whose mission is to create a digital identity in a decentralized way for all people.

, whose mission is to create a digital identity in a decentralized way for all people. TRON, proposing a Blockchain aimed at decentralizing the Web through the construction of a free and global digital ecosystem.

proposing a Blockchain aimed at decentralizing the Web through the construction of a free and global digital ecosystem. Nexo , an instant credit line platform in cryptocurrency.

, an instant credit line platform in cryptocurrency. Enjin, leading gaming platform on the Blockchain.

This list is of course not exhaustive but it cannot be extended beyond fifty or so cryptocurrencies.

That’s very little, even though more than 5000 cryptocurrencies are currently referenced on CoinMarketCap.

On the other hand, the cryptocurrency industry is full of startups offering innovative services around these cryptocurrency projects to meet user needs.

It all started with the creation of Bitcoin and the phenomenal success it has enjoyed through adoption and promotion by its first users, the cypherpunks.

Finally, Blockchain technology has become extremely popular during the 2010s thanks to the success of Bitcoin which is the most successful implementation in the field of cryptocurrencies.

The fields of application of Blockchain technology go far beyond cryptocurrencies and most industries will be impacted in the future.

Without the success of Bitcoin, Blockchain technology would not have become a fashionable concept in most industries.