Crypto Currency: The Social Experiment of Our Lifetime
Cryptocurrencies like Bitcoin, Ethereum and many more, gave birth to an incredibly dynamic, fast-growing market for investors and speculators that don't depend on central banking systems or centralized electronic money. Instead, it uses Blockchain as a decentralized network that records and validates cryptocurrency transactions without any central point of failures. It has built an ecosystem of investors, developers, regulators, exchanges and traders that can work as an alternate borderless financial system. The excessive centralized rules of our traditional social systems have polarized the ownership of social resources. The blockchain is the technology with the potential to reallocate resources and build a society where centralization and decentralization co-exist to provide services where they are needed most. Socio-economically, utilizing Blockchain technology in various areas of our lives will be the biggest social experiment of our times. Let us discuss how we can prepare ourselves for this future of money.