Member-only story
Do not overlook Cardano
It can be difficult to get oriented in the cryptocurrencies if you are not an IT specialist and you make your decisions only on facts that are provided by people on the internet. Let’s have a look at what is wrong with people talking about cryptocurrencies and why adoption is so slow.
How quickly have been significant technologies adopted
The adoption of new technologies is often straightforward. New technology appears and if it gives people a benefit they will adopt it if the price is reasonable. New products using the technology are expensive at the beginning but the price will decrease over time with higher adoption. Thus, inventors and producers are well-paid for bringing new technologies to the world. People adopt new technologies quite quickly and the tempo usually increases. For example, the telephone was invented in 1877 and the adoption took over 100 years. The adoption of smartphones, which is a similar technology, has taken not more than 10 years. The adoption of the automobile started somewhere in 1910 and took also over 100 years. The adoption of a computer started in 1990 and nowadays it is a standard in many households and you can have it on a smartphone.
Blockchain technology is often considered as a fundamental technology that, as the internet did, could reshape the world. Blockchain is basically a…
