A decade after the birth of the Bitcoin (BTC) protocol, there are still many unknowns surrounding this technology and its advantages. Is blockchain technology today what it promised to be in its early days? Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get the original essay Since blockchain technology emerged in 2009 with Bitcoin (BTC), interest in the technology has continued to grow . Experts say this will be the next industrial revolution, the era of the Internet of Value. A blockchain is nothing more than a database distributed among different participants, cryptographically encrypted and organized into blocks of transactions mathematically linked to each other. The first blockchain was Bitcoin (BTC), launched in 2009. But how is it going now, almost ten years later? In its latest edition, The Economist included a special report on this technology, claiming that “Bitcoin (BTC) and other cryptocurrencies are useless.” It wasn't supposed to work this way, says The Economist. Bitcoin (BTC) emerged after the 2008 global financial crisis, as a sort of techno-anarchist project aimed at empowering and protecting people who shared a deep distrust of governments, banks and big trusts. Its initial goal was the creation of a popular currency as an alternative global financial system controlled by governments and banks. In short, Bitcoin (BTC) is a decentralized project. A decade later, Bitcoin (BTC) and blockchain technology are hardly used for the purposes intended in their early days of life. Relatively few providers accept Bitcoin (BTC), disappointed by its volatility and dark reputation. Its decentralized nature and mining-based working environment make it slow, as this blockchain processes less than ten transactions per second, which is very slow compared to the tens of thousands of transactions per second carried out by existing payment networks or other blockchain technologies. Although the Bitcoin (BTC) blockchain-based infrastructure is highly secure, the crypto exchanges that manage the conversion of this digital asset into fiat currency have been hacked several times during the ten years of Bitcoin (BTC) existence. and blockchain technology. Keep in mind: This is just a sample. Get a personalized article from our expert writers now. Get a personalized essay Regarding blockchain technology that supports Bitcoin (BTC) and almost all other crypto -currencies, “the benefits of blockchains are often oversold,” said The Economist. Although we know that the cryptocurrency market is increasingly attractive to investors, its volatility is one of the main challenges someone faces when investing in cryptocurrencies. Blockchain technology, on the other hand, is a very promising solution compared to the conventional payment system, although it is currently slower..