We love surveys and statistics and have some interesting findings about the blockchain revolution. And yes it is a revolution– one that will change our financial lives and affect most other parts of lives.
One survey said that “80% of those who have heard of blockchain don’t understand what it is.”
Another found that 73% “don’t know what a cryptocurrency is or are unable to define it.”
Yet another shocking survey reported about by CNBC shows that “33.5% of buyers have either zero knowledge about the crypto space or would call their level of understanding ’emerging.’”
In answer to this issue We are making Free Crypto Training Reports available to the public.
The blockchain’s main use has been to record crypto transactions. But that’s not the only thing it’s capable of.
It’s a groundbreaking technology that will record any type of transaction. For instance, you’ll be able to sell your car, home, or even artwork on the blockchain and a permanent record of that sale is recorded. That’s why people are calling the blockchain the new internet.
A blockchain is simply a decentralized, widely distributed online network of connected computers. The internet is an example of this type of network. No one entity or individual owns the internet. Each computer logged into the internet is a “host.” Every host is equal in importance to all other hosts in the network and separated only by computing power. The Equality of all network partners results in power to the entire network. If you shut down one host, it won’t shut down the entire system.
The blockchain gains power and momentum as a global network linking millions of computers. As a secure platform it provides a place where individuals, businesses and institutions can store, transact, trade, and transfer digital assets like cryptocurrencies.
The blockchain eliminates the need for a bank or any other middleman in order to conduct business.
In the crypto space, first movers on the blockchain were Bitcoin and Ethereum. Soon thousands of crypto coins emerged and several platforms for conducting financial transactions were born.
Emerging at about the same time were exchanges where individuals can buy, sell and trade cryptocurrencies. Coinbase (the most popular crypto exchange for individuals in the USA), and Binance (the major Chinese crypto exchange) are two primary companies operatibg in a relatively tiny ecosystem.
It’s estimated that there are only 35 million crypto buyers. Yet between the two exchanges, they made profits of over $1 billion last year. That’s more than Deutsche Bank – the 148-year-old German bank – made that year. So as crypto trading goes mainstream, ICE could emerge as a global linchpin offering crypto trading services to a worldwide base of
500 million stock buyers.
Cryptoans gives you free training and reports like Blockchain Secrets when you simply register as a free member HERE