General discussion

  • Creator
    Topic
  • #3994681

    What will be the future of Blockchain Technology?

    by peteranderson11 ·

    Blockchain is known to be the technology powering Bitcoin, as an open, distributed public ledger recording all the Bitcoin transactions in a secure and verifiable way, without the need for a third party to process payments. In this context, Blockchain can be considered a full history of banking transactions. Is Blockchain Useful in Future?

You are posting a reply to: What will be the future of Blockchain Technology?

The posting of advertisements, profanity, or personal attacks is prohibited. Please refer to our Community FAQs for details. All submitted content is subject to our Terms of Use.

All Comments

  • Author
    Replies
    • #3994826

      Looks grim today.

      by rproffitt ·

      In reply to What will be the future of Blockchain Technology?

      We have the Web 3.0 Is Going Great as a reference. Let’s see today’s top news:
      “Algorand Foundation discloses $35 million exposure to Hodlnaut

      The Algorand Foundation is a group responsible for managing Algorand, a proof-of-stake blockchain. On September 9 they disclosed that they had put $35 million of the project’s treasury into Hodlnaut, a lending firm that halted withdrawals on August 8 and applied for creditor protection a week later. Hodlnaut was in turn heavily exposed to Terra, the ecosystem that collapsed in May.
      The Algorand Foundation reassured people that the funds potentially lost to Hodlnaut were less than 3% of the Foundation’s assets, and “we do not anticipate operational or liquidity issues due to this action”. They also wrote that they would be “pursuing all legal remedies to maximize asset recovery”.”
      https://web3isgoinggreat.com/?id=algorand-foundation-discloses-35-million-exposure-to-hodlnaut

      That’s not good news for blockchain!

    • #3994833

      Re: blockchain

      by kees_b ·

      In reply to What will be the future of Blockchain Technology?

      If you feel it’s a good idea that your financial transactions will forever be accessible to a host of blockchain servers, it might be a good idea for you. But I prefer a bank with good privacy rules for its data.

      • #3994958

        Reply To: What will be the future of Blockchain Technology?

        by peteranderson11 ·

        In reply to Re: blockchain

        I’m agree with you banks are good for financial transaactions

    • #3995560

      Blockchain Future

      by jimmywhite338 ·

      In reply to What will be the future of Blockchain Technology?

      I think blockchain have bright future

Viewing 2 reply threads