In any discussion about the future of crypto, it is essential first to understand where the industry is at the current moment in time. There are three aspects to this: the blockchain space is young, moves fast, and interacts with other technologies.
Cryptography has been around for a while. Much of the innovation around blockchain is rooted in the cypherpunk movement of the 1990s. However, we must realise that blockchain was only invented and first applied in 2008/09.
That’s only 12/13 years ago. To put this into perspective, the internet’s first application was in the 1970s when academia and military networks began using it to communicate and it took until the early 2000’s for widespread usage to really take-off with expanding broadband and mobile penetration.
By comparison, Blockchain technology and the crypto industry is young.
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