Everyone, even the biggest skeptics of Bitcoin and other crypto-currencies all have positive points to say about the underlying Blockchain technology. the world. However, 10 years have passed since Blockchain technology appeared, yet we still do not have a major use of it.

Some will say that it is the technology on which Bitcoin is based The main use of Blockchain is a payment system or, as it has evolved, a stock of value. But the Bitcoin revolution has hardly been global

The other uses of Blockchain, for example as a decentralized trading platform, new currency, smart contracts, distributed storage, auditing. authenticity and as an unchanging great book. tasted, but not savored.

The Banking Revolution

When Bitcoin hit the street and made promises of being an instant, cost-effective way to exchange value without the need for any money. an intermediary, people proclaimed the banking revolution was on the cards and centralized money controllers should tremble in their boots.

This did not happen as planned, however, since the original purpose of freedom gave way to greed. Bitcoin left the path of a functional currency and, with the help of its democratically empowered community, took on the role of digital gold

The banking revolution took place. is a little quieter as fees increase and transactions take longer. even though adoption has grown around the world. Even the banks themselves have stopped fearing to be surpassed by this digital currency.

So, if the Blockchain will not serve to change the face of money – although other coins continue to march toward that currency. ideal with its own blockchain, forked or whatever – what else is it to revolutionize?

No Government Supervision

Blockchain, as the intermediate cutting technology that it was proclaimed, also targets "pesky governments that are only there to scam and take the" 39 "their citizens' money" or the crypto community generally believes.

The question is, even with corrupt governments and their inept rules on taxation and other forms of the economy, they come at least to the table with a level of security. Blockchain itself can be safe and secure, but it's still a dangerous place if you do not understand it.

So for Blockchain technology to revolutionize government control over its money, it must be safe

Government-backed banking systems offer guarantees such as FDIC guarantees, reversibility ACHs, identity verification, auditing standards and an investigation system when things go wrong. . Bitcoin, on the other hand, leaves you to fend for yourself.

Hacks, such as Mt Gox, Bitfinex, and even recently with Coincheck, show that there are still many dangers in the trade outside the eyes of the government. If this is part of the Blockchain revolution, it will become a scary world for the elderly and the vulnerable, who are more likely to be hacked and spammed.

Smart contracts

Smart contracts are an interesting phenomenon in terms of revolution. Their invention, unbeknownst to the eternal Russian wunderkind Vitalik Buterin, was intended to create a global computer network that could totally eliminate the need for centralized third parties. This sounds certainly good in the modern world today.

However, smart contracts still have a long way to go, as the idea stumbled on its first major hurdle. The CAD fiasco has proven that smart contracts can still be fooled, or should we say, smart contracts are sometimes "too smart for their own good" and may need a guiding human hand.

aspect of the Blockchain as country offices continue to emerge, using smart contracts as the basis of their operations, in a border manner. ICOs continue to push the boundaries of Blockchain technology, and it remains to be seen if this can make a significant difference in these areas.

And the list goes on

There is no doubt that Blockchain can be theorized to fit almost every sector of modern life (including those mentioned above), not to mention its original use as an immutable registry, verification of authenticity, a sealed and immutable database and so on.

However, while we are here today, almost 10 years after the birth of Blockchain technology, there is not a single sector where this registry has taken over and has made its competitors obsolete. The ideas are excellent, but the execution of this revolutionary technology is still too slow.