The future of blockchain – CoinGeek

This post originally appeared on ZeMing M. Gao website, and we have republished with the author’s permission. Read the full piece Here.

In contrast to a corrupt future of the world exploited by cryptocurrenciesthe real Bitcoin blockchain is creating a different one.

Cryptocurrencies do not represent true blockchain technology. At best it is a distortion. With its promotion of definitive opening Ponzi schemesthis is a fraudulent statement.

Unlike cryptocurrencies, the future of true blockchain technology paints a healthy picture of a world supported by a New Internet integrated with blockchain.

Regardless of the crypto noise, the technology and economics of true blockchain and DLT will emerge the new Internet to provide the needed utility and productivity. This is the main message of my two-volume book BIT & COIN: Merging Digitality and Physicality

The following is a healthy picture of a future, in contrast to the unhealthy one brought by cryptocurrencies:

• A New Internet: Secured and authenticated by a universal blockchain integrated at the core Internet Protocol level
• A unifying blockchain, with unlimited scalability (TPS over millions, capable of unlimited scaling on demand), extremely low transaction cost (cost per transaction less than 1/100th of a cent), and unlimited capacity of tokenization AND smart contracts
• Businesses and governments on the blockchain: Each entity enjoys its own secure slice of distributed ledger and benefits from a more secure and efficient database with Single Source of Truth (SSoT), but all entities are connectable through an automatically verifiable common truth framework of a Universal EDI, triple-entry accounting and automated payment
• Social networks on the blockchain, where the business models of the network owners are based on technological aggregation rather than data aggregation, while users enjoy technological efficiency and data sovereignty at the same time
• A core blockchain currency, with a total value of $1 trillion, supports $25 trillion worth of the global economy (representing a currency efficiency ratio of 25:1, many times more efficient than fiat currencies)
• Multiple CBDC tokenized on the same blockchain in a total amount of $2 trillion supports an additional $25 trillion worth of the global economy (representing a currency efficiency ratio of 12.5:1, maintaining the traditional efficiency of fiat currencies but with much better security and programmability).
• $100 trillion of real-world assets tokenized on the same blockchain and traded efficiently and transparently on-chain
• 100 billion things connected and managed on the blockchain integrated with the Internet of Things (IoT)
• 100 billion AI-enabled digital agents connected and managed on the blockchain with automated and secure data exchanges and value exchanges
• A more efficient global economy, supported by blockchain along with the blockchain-based New Internet
• A more productive and fairer global economy, blessed by the creation of enormous new values ​​for the majority of people rather than the curse of a zero-sum game of value extraction and redistribution that benefits a small group
• A world saved by Decentralized Human Capitalism (DHC) from the collapse of capitalism and the encroachment of socialism and prevented from degenerating into techno-federalism
• A less dystopian humanity because it has found a way to preserve knowledge of essential truth and a vital sense of reality – preserved for salvation because faith, hope and love are not dead.

I like the above future better than what cryptocurrency is leading to.

Fifteen years after the invention of the Bitcoin blockchain, the real Bitcoin, according to Satoshi’s vision (BSV, not BTC), is ready. Raised in an insidious environment, widely misunderstood, unfairly attacked, ironically belittled and derided for his lack of pontiosity, he is growing stronger every day and is now ready to build a new world.

Watch Spotlight On: A new blockchain sustainability index with WEB3CO2.COM

width=”560″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>

New to blockchain? Check it out on CoinGeek Blockchain for Beginners section, the definitive resource guide to learn more about blockchain technology.

Fuente