Debunking common myths of developing blockchain applications

Fibo Quantum

Many developers are on the fence about pursuing a career in blockchain, which is unsurprising given the industry’s deeply ingrained misconceptions. Largely influenced by the media’s role in spotlighting scams that aren’t related to the blockchain technology itself but leverage common blockchain buzzwords – as well as the circulation of misinformation within blockchain communities in forums and on social media – these ‘myths’ have steered the blockchain conversation further away from its true functionalities.

They have also generated antagonism in the developer world, causing conflict between the gamers and those who want to mine blockchain and cryptocurrencies. As the hardware used by blockchain is similar to those who want to play video games – notably, graphics cards – when demand is high, the hardware becomes harder to get hold of. This has put the two groups on a path to question blockchain and how it works.  

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