Author Topic: Can Blockchain Survive Mass Adoption? Future Perils Disclosed (Read 3223 times)

newshunter · « **on:** February 15, 2020, 07:01:16 AM »

Can Blockchain Survive Mass Adoption? Future Perils Disclosed

Tech giants, corporations and governments could dramatically change blockchain tech from decentralized to centralized on their path to its adoption

Source: Can Blockchain Survive Mass Adoption? Future Perils Disclosed

Would appreciate your opinion about this

Altcoins Talks - Cryptocurrency Forum · « **on:** February 15, 2020, 07:01:16 AM »

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Fenix · « **Reply #1 on:** February 17, 2020, 07:14:09 AM »

Almost all states now recognize the revolutionary nature and promise of blockchain technology. This technology provides us with many opportunities and conveniences in using the Internet and takes humanity to a new path of development. Therefore, there is no doubt that blockchain technology will be quickly implemented by most states and has a great future.
Will this technology be more centralized in the future? Most likely yes. The essence of states in centralized management, it cannot exist in a different way.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** February 17, 2020, 07:14:09 AM »

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Zed0X · « **Reply #2 on:** February 17, 2020, 08:02:32 AM »

It's pretty obvious already that many of these private traditional companies and financial institutions are making their own centralized blockchains. Whether decentralized blockchains will overcome these centralized ones will totally depends on the end users (the public). Looking at it now, some of the current breed of the crypto enthusiasts seems fine with regulations and KYC so I wouldn't be surprised if they would also welcome centralized blockchains. Of course, there will always be people who will remain supportive of the decentralized blockchains.