Why Crypto Is The Future
If you been keeping up with my Instagram or just crypto news in general you would know crypto has been doing good recently in the news and in the market. Well all that good news means something. That's exactly what I wanted to discuss today. All this doesn't just mean nothing. What I believe is that this is just further proof that crypto is becoming more adopted in society and is becoming the future. This is why in todays blog I'm going to go over why I believe cryptocurrency is the future of our world. Let's now get into todays blog.
Recent News
One of the main reasons why I believe cryptocurrency is becoming the future is because of all the recent news and publicity around cryptos recently. If you haven't heard a lot of financial institutions and people of wealth and influence have been adopting cryptos and making them a part of their main investments strategies and portfolios. Some examples are things such as JP Morgan allowing clients to start investing and trading into cryptocurrency. On top of that many investment and banking firms and companies one such being gold man sachs are looking into incorporating and using DeFi applications. This is showing people and companies of wealth and power are accepting cryptos more and more by the day. If we keep seeing such adoption the future of cryptocurrencies might be closer then we thought.
Crypto Updates
besides all the recent news happening with cryptos there have also been updates and upgrades to certain cryptocurrencies. We can see this happening with Ethereum which is going live on august 4th with it updates. Then we have the cardano goguen update also coming in August. Then on top of all that bitcoin which is having a upgrade coming in November called taproot. This shows that development of cryptos is not slowing down and if anything means more work is being done for preparation of the more adoption that is soon to come. All of these updates are sure to increase the adoptions of cryptocurrencies in the world.
Future Uses Of Cryptos
With all this news around cryptos we now need to know what all that means for the future. What all these means for us is we will see more store and merchants accepting cryptos as payments. Especially since the taproot update for bitcoin is suppose to make transactions quicker and faster then what they typically are. Then I also believe that we will see blockchain technology being used more in government and public use besides commerce. We can look at some real world examples where this is happening. For example look at cardano and its deal with the Ethiopian government. They have a deal where the Ethiopian government will put money into cardano if they can develop a way to make certified government education and school ids for students and whoever needs one. This is just one way blockchain technology can be used. Other ways include things such as verifying election results which could very useful for countries having a hard time with corruption and verifying ballots. There are many uses for blockchain Technology that can do some good for cryptocurrencies I believe and we are only just seeing the beginning of it all.
My Final Words
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