Imagine a world that is moving fast towards prosperity, where the widening gap between the “haves” and “have-nots” is fast disappearing. The financial institutions that controlled the flow of money and made a few people rich while keeping the majority poor are crumbling. Governmental activities are being performed on “smart contracts” that get automatically enforced. Cryptocurrencies are being used massively as regular money. The world is truly becoming a utopia. Is this even possible?
Cryptocurrencies, backed by the immutable blockchain technology, can decentralize the entire monetary system and along with existing financial institutions can transform it completely to make it better and more efficient. Although this might seem like a fairytale, its possibility cannot be denied.
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