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Renowned Professor and Author Ahmed Banafa on Recent Changes to the Bitcoin and Blockchain LandscapeFREMONT, Calif., Oct. 19, 2021 /PRNewswire/ -- Northwestern Polytechnic University (NPU) professor Ahmed Banafa, author of Blockchain Technology and Applications, gave his thoughts recently on the Blockchain global landscape. What do you view as the primary hurdles to more mainstream adoption of Bitcoin (or other cryptocurrencies) as a form of payment? The top four challenges facing Blockchain Technology are:
I am not in any position to recommend investments, but I want interested individuals to know that it's very risky and can defy logic when it comes to the ups and downs of the value of Bitcoin. We only can create 21 million Bitcoin because of the way it was invented, and we already have around 18.8 million in the market so you can see why we have this wild swing of Bitcoin price. To me, Bitcoin is "Vegas Money" – don't get mad if you lose it and if you are successful, it's extra cash. What are other applications of Blockchain that are being discussed? What implications might they have on a global scale? Information is immutable with Blockchain. Technically speaking, if you need security and trust, then use Blockchain. A few relevant applications include:
Much like El Salvador, several nations have considered adopting Bitcoin as their national currency. Given the volatility of cryptocurrency, do you consider this a good idea? The European Central Bank has discussed a "digital euro" – does this defeat the original intended purpose of cryptocurrency? Founded in 1984, Northwestern Polytechnic University (NPU) is a WASC-accredited non-profit private university in Fremont, California that awards bachelor's and master's degrees in computer science, engineering, technology, and management programs. Learn more at https://www.npu.edu/. View original content to download multimedia:https://www.prnewswire.com/news-releases/renowned-professor-and-author-ahmed-banafa-on-recent-changes-to-the-bitcoin-and-blockchain-landscape-301403669.html SOURCE Northwestern Polytechnic University |