Cryptocurrency has both haters and lovers. Much like the political spectrum, there are moderates and radicals when it comes to crypto. While radical crypto supporters say that fiat money will no longer be viable in the future, radical crypto haters feel that all of it is just a bubble. Moderate crypto haters feel that the ecosystem is not viable for the long run. Moderate crypto enthusiasts, on the other hand, feel that crypto has good potential to be a potent investment instrument.
The point that these moderates and radicals have to agree on is the usefulness and effectiveness of the blockchain ecosystem. We must keep in mind that, as of now, we cannot think of cryptocurrencies without a blockchain network. However, blockchain is just one of the many areas where crypto is used. Blockchain has the potential to enter many sectors and thrive within them all. Blockchain may as well be the future of peer-to-peer communication.
The blockchain ecosystem has the potential to enter various sectors, both financial and non-financial. At its core, the blockchain network stores transactions and verifies them. In everyday life, there are so many sectors where recording transactions and verifying them is the main task. From ticket sales to departmental store billing, blockchain can be a better alternative to the present systems. Blockchain is considered to be better than any recent technology because of its security. It is practically impossible to hack or tamper with data on the blockchain. For many such reasons, the marvelousness of blockchain cannot be overlooked, no matter your stance on crypto.