It's been few years criptocurrency is invented. First criptocurrency "Bitcoin" was created in 2009 by pseudonymous developer Satoshi Nakamoto. It's decentralized. Means no one controls it.
I think at first bitcoin was used in deep web. Because it's transaction is anonymous. However cryptocurrency became popular when the bitcoin price went to the moon. Every news channel was talking about it. Many alt coin was created. But no one could't beat the popularity of bitcoin. There are currently more than 16.8 million BTC tokens in circulation, out of a predetermined 21 million token limit.
It's hard now to mine bitcoin. Days is gone when people use their old laptop to mine. Then people realized that they can use their GPU to mine bitcoin. Now there are specialized computer in market that can mine bitcoin. So, it became harder.
But many people are jumping in altcoin like litecoin, etherium. But no one controls them. So the question is will criptocurrency be the future?
1. Cryptocurrencies value will continues to grow and more people will invest
Mr Tapscott said: “Forget about a massive and permanent crash. Cryptoassets will be volatile, and there will be melt-downs, but expect an overall increase in value, as long as innovation in functionality continues.
“We will see a flood of institutional, retail and family office money entering the market.
“Over the next years, most of the cryptocurrencies on the top 10 will be superseded by platforms that have more powerful functionality.”
2. Businesses will embrace cryptocurrencies and look at innovative blockchain projects
Mr Tapscott predicts that blockchain promises to transform 10 major industries: financial services, retail and consumer goods, government and democracy, energy, higher education, transportation, manufacturing, media and telecommunications, technology and healthcare.
3. In 2018 technology giants will embrace cryptocurrencies
Mr Tapscott warns that this year “Digital Conglomerates” such as, Google Facebook, Amazon and Apple, will invest heavily in blockchain technologies.
He said: “I have no doubt Facebook is exploring cryptocurrency payments within the Facebook Messenger platform or some other token-related initiative.
“We may even see an acquisition attempt by Facebook.”
4.Cryptocurrency security will become even stronger and more secure
Mr Tapscott believes hacks won’t stop next year and will still occur in exchanges, wallets and applications but credits that overall blockchain and crypto robustness will grow.
He said: “The more cryptocurrencies are attacked, the stronger they become.”
5. Future of Steem
According to a research. Steem is more used by women then any other coin. It is easy to understand. More people are joining steemit. This is making the currency more popular. It is only a matter of time. That many websites will take steem for the product.
So, I think it criptocurrency will take over in future. But not now. May after long long time.