The CEO one of the world's largest digital wallet platforms told that the total cost of all cryptocurrencies in the world will hit $1 trillion in 2018.
Some of the market gamesters think bitcoin alone will be worth $1 trillion in the near future. Bitcoin accounts for over 50 percent of the total cryptocurrency market cap. It is worth around $317 billion. Ether is the second-largest digital currency with a market cap of $68.9 billion.
Nevertheless, bitcoin was also under criticism. Jamie Dimon famously called the cryptocurrency a "fraud" calling people who invest in it "stupid". Deutsche Bank recently warned that a bitcoin crash could pose a risk to the broader financial market later.
Whereas this sounds like a collision of word meanings, an important consideration is going into how these technologies could be made to work together to make better everyday life and business processes.
Blockchain’s ciphered and faithless nature makes it a necessary option when it comes to keeping a constantly growing amount of connected devices in our homes and offices safe. Guarantee of safety is one reason they are a good fit. Research provides that blockchain compute power that is used to “mine”.
Some more proposed use is that the cryptocurrencies built on blockchains would prove cast for automatized micro-transactions that are made between machines.
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