Is crypto mining worth it

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A floppy-disk meets a blockchain and sees a 40-year-younger photo of itself

Nowadays blockchain has become a synonym of the “fresh internet”.

But indeed, from the perspective of people who develop blockchain software, a blockchain is more the modern version of hardware, and merkle-trees the fresh servers (take thesis terms for their comparative, not absolute meaning).

Internet is a standard protocol for exchanging information: navigating through web pages and accessing outer servers seamlessly.

Today, ter blockchain, wij are still awaiting the “internet of blockchains”.

Just a petite fraction of users today has access to blockchain. Therefore, very few people have arms te the business and that’s why it is so difficult to find information about the topic. Think about how you operate on a blockchain te a decentralized way: you now have to run a knot of the blockchain you want to operate ter. Some blockchains are swifter than other, some have so-called “light clients”.

But the real overeenkomst is that each blockchain is different, and for each different blockchain a different software has to be run, even if it is produced by the same software house.

Is this not familiar to you? Does it not remind you of floppy-disks?

Well wij accept even comparisons with the early days of the internet before standard protocols had emerged. To us it truly does: blockchains todays can treat a limited amount of transactions and wise contracts cannot be too-big.

Blockchain today do not store gegevens, spil the size of the redundant chain would increase exponentially te a way that cannot be treated by the machines running the knots. And for each blockchain you have to fire up a separate client, just like with floppy-disks: users had to blast one software at a time by plugging te the physical disk and removing it, just to cork ter another one for accessing another software.

This is very encouraging for us on the prospects of the sector, and takes us to a prediction (take it with a grain of salt..): the internet of blockchains will be a protocol which will be adopted by web browsers and will permit browsing to different applications on different blockchains seamlessly.

How? Nobody has the response, nobody can tell when this is going to toebijten. And most importantly, nobody know how there applications are going to be used by the commercial users.

So how will the “digital hard-disks” look like?

Wij believe eventually blockchains are going to be embedded behind the modern internet, so that internet users will be able to interchange inbetween different blockchains seamlessly.

Maybe wij will not use https://*some_domain* to connect to a webstek, but something different. Maybe the difference will be ter the https. It would be pretty cool if this fresh industrial revolution resulted ter just the switch of a prefix for users, wouldn’t it? Well that little switch requires so much work nobody knows when it will toebijten, and what users will be supposed to do different.

Blockchain, a bit like the microprocessor, is one of the greatest inventions of our times, and is eventually going to be embedded almost everywhere, ter one form or another. It will be a basic pile of web Two.0, and, just like has already happened te the past, people will use it without the need of knowing what it means and maybe even without realizing, even however it is remarkable the mainstream rente ter understanding what is “blockchain”.

Wij use many cryptographic devices wij are not aware of, like PGP, SSL, they are embedded te our browsers and make our communications secure and wij recognize them by the symbol:

And boy how much work ter the background to just have this icon show up on a webstek (it is normally much much smaller on your web browser spil well ??).

So when is this fresh “internet of blockchains” protocol going to be invented or shown to the world, and adopted? A few weeks from now, months or years?

Blockchain startups are already at work, and for sure it is an ambitious and requiring task.

Thank you for getting until the end of this (for some) boring article, if you like it, please demonstrate us your love!

My name is Gabriele Rigo, founder of RigoBlock: a protocol developed on top of the Ethereum blockchain which will permit users to create their own decentralized pool of digital tokens instantly and without fees.

Gabriele Rigo

founder of RigoBlock, the decentralized hedge fund toneelpodium. Blockchain and cryptocurrencies enthusiast, former head of investment at international asset manager and treasurer at global hedge fund. MSc Finance from Bocconi & HSG.

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