Very little in our lives hasn’t been touched or changed somehow by the dual revolutions of computer technology and the internet. In a larger sense, the changes they’ve inspired can be summed up in the term digital transformation (DT), from banking and investing online to communicating with virtually anyone in the world for free. And blockchain technology is quickly becoming one of the main drivers of DT, for good reasons.

Whether or not we’re ready for it, the growth of blockchain technologies is only going to continue expanding. Sources report that blockchain utilization is expected to grow more than 56% yearly through 2027. Even the growth of global mobile data traffic and consumer IP traffic is currently growing at much less than 56%.

One may be the loneliest number, but cryptocurrency most certainly is considered the loneliest asset class out there. For all of their prominence and value, cryptocurrencies on the same blockchain are not exchangeable simply as a matter of proportionate value the way fiat currencies are. It’s more complicated than that, and cross-chain transactions still exist at blockchain’s innovative edge.

More and more of our financial life is happening online, and it’s not just in our online bank accounts. The tech we are becoming increasingly reliant on is making a reality of its own, with the lines between the virtual and real becoming more blurred every day.

Source: https://tinyurl.com/r93psu2z/

What is decentralized finance, otherwise known as DeFi? Many new terms are coming out of the world of blockchain, but this one may very well be one of the most essential to learn.

Decentralized Finance (DeFi) is poised to transform the entire financial services industry by creating peer-to-peer alternatives to traditional financial services and institutions.

The inception of blockchain as a solution to secure data is a welcome change. All the more now, as social media platforms have leveraged their pervasive presence to abuse people's privacy constantly. It is a fact. A fact that has attracted massive public outcry in the last few years.

“Bitcoin has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing.” — Larry Summers, Former US Secretary of the Treasury

Why has bitcoin's market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily?