Introduction
Blockchain technology came into the picture with the advent of cryptocurrencies. Since the value of cryptocurrencies is increasing exponentially day by day, people have started exploring its base technology, which is Blockchain. Blockchain has a lot of use cases in various industries say Supply chain, healthcare, agriculture, energy, data storage. In spite of all the use cases and numerous numbers of projects, consortiums in action today still the technology is considered to be nascent. Any technology takes time to reach masses, but Blockchain has certain hindrances that are stopping it from mass adoption. Let’s see some of them below.
No Universal Use Case
People often compare Blockchain as a new age internet. Just as the Internet changed the world forever, Blockchain is considered to do the same in the digital world. The Internet was created to provide information worldwide with the worldwide web. It created an industry for itself and reigned it. When it comes to Blockchain, it doesn’t have an industry of its own. It surely promises enough to revolutionize most of the existing sectors, but if there were one industry of its own, then the adoption and results would have been very promising. The combination of next-generation technologies, Artificial intelligence, machine learning, Blockchain, and the Internet of things may create an industry of its own that could be revolutionary.
Complicated Usage
The technology is quite complicated to use provided its secure nature. To perform a transaction in the bitcoin network, there should be an address with a string of numbers, wallets, transaction time, transaction fees, and a lot of stuff. All this terminology is pretty new to a novice user and finds it pretty challenging to use. Mass adoption will be possible only if we educate people enough. Most of the people know about Blockchain only through cryptocurrencies, and that notion should change. People should understand that Blockchain is much more than just cryptocurrencies.
Scalability
One of the significant issues with mass adoption is scalability, i.e., the number of transactions per second (TPS). When we take cryptocurrencies, the original bitcoin blockchain processed only 7 TPS. As the adoption of cryptocurrencies increased, processing time and transaction fees increased drastically, which will discourage people from using cryptocurrencies. Visa/Mastercard supports 24000 TPS, which is used worldwide and is very reliable. Even though some platforms are claiming 40000 TPS, we should check whether they are safe enough or not.
Standardization of Smart Contracts
Smart contracts have received popularity, and many enterprises have started using the same for their business needs. But there is no standardization, and there are a lot of vulnerabilities when it comes to smart contracts. The code is not standard. There is a scope for a lot of vulnerabilities. Hence if certain standards are established like formal verification of contracts to check vulnerabilities, the security of the system increases more.
Energy Consumption Issues
It is a well-known fact that proof of work, which is mainly used in bitcoin blockchain as of today, consumes a lot of energy. Environmentalists throughout the world are entirely against it. Hence the usage of energy friendly consensus algorithms like proof of stake should be used if mass adoption is to be made. Recently Ethereum has shifted to proof of stake from proof of work, which is a welcome move.
Regulation by Governments
Finally, governments should agree or accept the trade, registrations, or any legal matter of the sort to be done in blockchain platforms. As per the government rules, if certain transactions should be done only on paper, then it is not possible to use Blockchain. Governments across the world are at least trying to regularize cryptocurrency, considering the widespread usage. Hence, technology use in other aspects should also be considered.
These are some of the reasons that are holding back the mass adoption of this amazing technology. It is important to note that there is a lot of research and development being done in this space to overcome the above-mentioned hurdles.
In the case of cryptos, there exists a computer program that emails you at specific intervals and waits for your reply. If the program does not receive any reply from the sent email, it then automatically checks for death certificates of the account holder. If it finds such a record and does not receive any email, the program will transfer the coins in the wallet to the specified wallet mentioned by the account holder during the time of set up.
I am starting the article with budgetary use case as this is very close to my heart to achieve a corruption-free world. Every government around the world has its budgetary sessions for every financial year. As per the allocations, the amount is released to each department as required. Based on the amount announced for the department, they have to design a blueprint on how the funds will be utilized for the year and all the minor details like contractors, vendors; payments should be finalized to incorporate the same in a smart contract.
Every government has many departments often divided between state and central. Most of the governments are digitizing the records as of now. It will be an excellent use case of blockchain if the digitized materials are stored in the blockchain. Often the documents should be shared amongst immigration authorities, defense, homeland security, many more departments. A lot of paperwork and permissions should be sorted out to get adequate information, which is very time-consuming.
Voting is crucial for any democratic country to run smoothly at predefined intervals of time. There are huge limitations when it comes to conducting voting securely without any fraud. If blockchain is implemented for voting, that can be changed. Each vote can be converted into a smart contract and display the transactions publicly for everyone to view. Moscow has its voting platform on Ethereum.
Almost all the governments around the globe have some unique identification numbers for their citizens. Social security numbers for Americans and Aadhar numbers for Indians are some examples. These identification numbers contain the most sensitive information of the citizens of a country like tax returns, income details, retina scans, fingerprints, and so much more.
The date the trade was listed: Insert 2: 
The type of order, which could be an instant execution, or spot trade, or a limit order including a buy limit or stop buy order or a sell limit or stop sell order, Insert 3: 
the type of asset, which could be a number of major or cross FX pairs and gold and bitcoin. Insert 4: 
the method where the each trader gives a detailed analysis of the thinking behind each trade, which, incidentally, most other signal providers do not offer, and where we will come back later in this video to take a more detailed look, Insert 5: 
the entry price for the trade, Insert 6:
the stop loss for the trade, Insert 7 : 
the take profit level, Insert 8, 
The risk to reward level, Insert 9: 
the price level at close; Insert 10: 
the amount of pips won or lost or in the event of an open trade the fluctuating level of pips in play.
