The rise of cryptocurrency and blockchain

Assuming that you haven’t lived a secluded life as a hermit on a mountain, you have probably heard all about cryptocurrency, especially Bitcoin. Thus, you needn’t have to look far to hear about the soaring popularity of this topic, its terminology, and its growth in value.

Blockchain was regarded as the technology that would bring the dawn of a new era of justice and prosperity for mankind. It would democratize wealth. It would take the power away from the oligarchy and give it back to the people. It would protect the data of the people.

Blockchain started to be used as a payment solution without the middleman, namely Bitcoin. Then, people found out that blockchain has some other interesting properties.

First, it is transparent, meaning people can audit it to check whether there is money laundering going on or not. Second, to some extent, it gives users privacy, which can be used to avoid profiling.

Then, after Ethereum...