Blockchain technology is without a doubt a great step for mankind on the path of its technological evolution. Essentially, if put in plain language, the technology provides a means of storing data that cannot be altered by any means. Blockchain can and is being implemented in various fields, and the question really stands when will we see blockchain becoming the next go technological solution?
Of course, mostly we are accustomed to discussing blockchain in regards to cryptocurrencies, and this year has been a tough one on the crypto community. Up and downs, and downs, and downs. However, the technology behind digital assets is much more than the cryptocurrencies that it is associated with.
The CEO of Binance, one of the leading crypto exchanges in the world, Changpeng Zhao, who is usually referred to as CZ, has been on Twitter with quite provocative statements, that emphasize the necessity of believing in the technology.
I have yet to meet a person who understands blockchain but don't believe in it.
— CZ Binance (@cz_binance) September 9, 2018
When lack the context, you lack intellect!
— CZ Binance (@cz_binance) September 9, 2018
Considering the situation on the market right now, it is quite fair to ask, are we believers of blockchain?
WHY IS THIS IMPORTANT?
- Like any industry, the number of people that are interested and are ready to invest in it, create a demand for a product of this industry that determines its growth. While it is easy to fight for a cause when it is winning, the CEO of Binance reminds us that we must not lose faith even things don't look so hopeful.
- Considering the provocative tone of the tweets of CZ, one can conclude that no matter where you stand in regards to crypto, be you a common user or a crypto shark, things are not as bright as they previously have been.