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10 Cryptopreneurs Influencing Blockchain's Mainstream Adoption

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  • 10 Cryptopreneurs Influencing Blockchain's Mainstream Adoption

    Given that blockchain is a revolutionary technology, its mainstream penetration is inevitable. In 2015, a key study showed that no fewer than five million blockchain wallets existed, but in 2019, that user count has reached over 42 million. A typical yardstick to measure the success of any technology is its relevance and acceptability to users, and for the past decade, blockchain technology has not only transformed the way organizations go about their businesses, but also the way people go about their daily transactions.

    However, amidst all these leaps forward, its mainstream adoption stalls. While factors such as slow and expensive transactions, safety concerns and an unfriendly user interface are few of the many underlying impediments, blockchain enthusiasts shouldn’t lose hope just yet. While this list is neither organized in order of importance nor comprehensive, it spotlights 10 notable crypto pioneers working tirelessly towards creating a mainstream-ready and highly functional blockchain ecosystem.

    John McAfee

    The British-American computer programmer and founder of McAfee cybersecurity tools strongly believes that blockchain will experience mass adoption just like the internet. (This Entrepreneur article describes his views and stand on cryptocurrency and blockchain.) Given McAfee’s deep-rooted ties with cybersecurity, his devout support for blockchain’s progress is understandable as this novel technology offers critical security solutions by decentralizing data and computational infrastructure sources.

    Vitalik Buterin

    Buterin is a Russian-Canadian programmer and writer who co-founded both Ethereum and Bitcoin Magazine. With Ethereum, developers can build a broad array of decentralized applications (DApps) that can run successfully on its network rather than on one centralized computing location. While its mainstream adoption hasn’t clicked yet, Ethereum is gradually growing every day. In fact, Ethereum’s developers are working tirelessly towards resolving existing scalability challenges and planning future transactions to both shared network and proof-of-stake consensus protocol.

    Charlie Lee

    Lee is primarily known as the creator of Litecoin, one of the popular cryptocoins in the market. In a tweet earlier this year, Lee announced he will improve Litecoin’s fungibility and privacy by adding confidential transactions, and a few months ago, In an interview with Wharton, he said, “ think for sure cryptocurrency will be one of the currencies that people will use; it will achieve mass adoption one day. The volatility will come down and things will be priced in cryptocurrencies."

    Andreas Antonopoulos

    Antonopoulos is an entrepreneur and badass coder, as well as a speaker and author of Mastering Bitcoin, The Internet of Money, and Mastering Ethereum. Institutions in the blockchain industry, including researchers like Diar and incubators like DAO Maker, consult with him. In a Q-and-A session following his "Thoughts of the Future of Money" talk, an audience member asked, “Which scalability options should the community adopt?” Antonopolous replied, "That’s an easy one to answer: All of them.” He further explained that scalability problems don't get solved, they only get "pushed further out," and since the network expands, new forms of application and use-cases become visible to present new capacity challenges.

    Nick Szabo

    Szabo is a renowned computer scientist, legal scholar and cryptographer who developed the concept of Smart Contracts, in addition to creating Bit Gold, which many people consider the precursor to Bitcoin. Companies such as Modium, Ambrosus and Chronicled are combining Smart Contract with IOT to enhance traceability. For instance, the sensor that monitors the temperature of food in transit can record this data to the blockchain and initiate a smart contract that executes a payment to the supplier.

    Erik Voorhees

    Voorhees is an American-Panamanian founder of Shapeshift and among the top-recognized serial Bitcoin advocates and entrepreneurs. In a recent interview in Cointelegraph, he commented that, "Mass adoption needs to be specified according to the specific use case. While we aren’t at mass adoption of any of these categories yet, we are certainly past the point of 'mass adoption' in at least a couple."

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