What is the future of blockchain?

It turns out that the idea of a blockchain can be a platform for a vast array of applications to be built on top of it. It’s still a new and rapidly evolving technology, but many experts believe that blockchain has the potential to change the way we live and work, similar to the potential of public internet protocols like HTML in the early days of the World Wide Web.

The Bitcoin Cash and Litecoin blockchains operate in a very similar way to the original Bitcoin blockchain. The Ethereum blockchain is a further development of the distributed ledger idea because, unlike the Bitcoin blockchain, the Ethereum blockchain is not designed solely for managing digital currencies. (That being said, Ethereum is a cryptocurrency and can naturally be used to send value to others). We can think of the Ethereum blockchain as a powerful and highly flexible computing platform that allows coders to easily build a wide range of applications using the blockchain.

For example, let’s say a charity wants to send money to a thousand people every day for a year. With Ethereum, that only takes a few lines of code. Or maybe you’re a video game developer who wants to create items like swords and armor that can be traded outside of the game? Ethereum can do that, too.