Unfiltered

How Bitcoin, Blockchain and Ethereum Rose Against All Odds

People dismissed cryptos for what they are worth today, because of some failed attempts are blockchain tech and its usage back in the 90’s. The first impression was ineffective. This meant that the second needed to be very well presented to make a lasting mark in a positive way.

The timing as we know and hear, was impeccable for cryptos to come put after the 2008 financial breakdown. The crises served as a good context for cryptos to gain popularity.

E-currencies have come and gone, but they were never good enough until they were freed from a central authority or an owner, or a brand or a business person. While cryptos are still business, they are owner-less, or decentralised, this means they are run by the people in a democratic way and they are free from the owners bias or tendencies to defaulter.

Bitcoin was a revolution because it made possible the idea of digital trust. This changed what could be done with cryptos eventually. Hell, it also changed what could be done with the technology.

You don’t need to trust a person or institution or government, the system itself is provable. The system is fair. The system is transparent for you and me to look through and find bugs that can not hold us back from being treated rightly.

Because, you and i can both see it, we both know whether i sent you the money or not. This means that i don’t need a third-party approval to send my personal money to you. It changed all online and offline money games and trading plots.

In the near future after Satoshi Nakamoto was gone, and the first 2014 crypto bubble faded away, smart people saw that blockchain can be used not only for the payment operations but for other applications too.

This gave birth to the idea of a second gen blockchain. That’s how the Ethereum smart-contract was eventually introduced. Ethereum became the second big thing after the bitcoin paper and it shaped the year 2017.

Now we have blockchain powered dating apps, collectibles, digital assets and unlimited goodies. Hell we have blockchain casinos that help us win and play at home, we can get automated donations for blog posts on Steemit, many big brands like Toyota are using the technology to employ its benefits for them. The tech is everywhere and yet very little people understand it.

Trust is now provided by the code, not by the person or company with an expected goodwill. And this is what makes it beautiful!

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Khunsha Javed

A Filmmaker, PR enthusiast & Editor of BlockPublisher-Unfiltered. I like things that make my brain tingle. Email: khunsha@blockpublisher.com or editor.unfiltered@blockpublisher.com

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