Bitcoin, PiNetwork and the story of “virtual money players” through Blockchain Engineer’s viewpoint

The present Blockchain technology and the virtual money heat

If you compare Blockchain technology with AI, Blockchain is still a minor child with many potentials as well as defects. Over the past 12 years, supporters have constantly come up with solutions to improve as well as improve to make Blockchain the easiest to use. At the same time, coins are expected not only to be traded but also to be used as stocks, giving large holders the power to vote on corporate decisions or Blockchain applications.

The outcome of the most recent efforts is decentralized exchanges. In the past, each person would have a personal wallet to store and that wallet is so secure that if you forget your password, you will never be able to recover it. However, there have not been any mechanisms yet for them to exchange coins securely. At that time, the exchanges spring up like “mushrooms after the rain”, and on a beautiful day, if the exchange disappears, the money you deposit on the exchange will evaporate accordingly. This is a type of scam.

With decentralized exchanges, people still keep coins in their wallets and can still trade with each other. However, it’s just confined to Ethereum and a number of other blockchains, yet not completely working on all blockchains. Thanks to advances in technology, plus FOMO (fear of missing out), and the pandemic, we tend to look for other types of assets to store, all of which trigger the past virtual currency heat.