You probably know blockchain technology as the digital ledger that underpins cryptocurrency markets. But blockchain is a much more versatile technology than most people realize, which is why its adoption has accelerated in recent years.
One of the most surprising factors that contributed to the growth of blockchain technology was Instagram. The social media platform encouraged influencers and celebrities to use social media to promote decentralized apps (DApps) running on the Ethereum blockchain.
These DApps were often related to cryptocurrency exchanges and virtual pets. All of which made them appealing to a younger generation who were eager for new experiences. In this article, we will explore how Instagram helped play a role in the mainstreaming of blockchain tech.
Blockchain Technology Has Blown up in the Recent Years
As a method of recording transactions, blockchain technology has blown up in the past year. The concept behind blockchain is similar to that of a digital ledger. It’s a record of transactions that is decentralized and not controlled by any one person or company. But what does that mean?
The most fundamental purpose of blockchain is as a digital ledger, meaning it keeps track of all the money exchanges occurring on its network. All information contained within this transaction record can be accessed by anyone with access to the internet. Anyone who has an account on the network will have access to all relevant information regarding their transaction history, balances, and so forth.
More People Are Becoming Interested in Bitcoin and Cryptocurrency Due to a Shift in Media Influence
Media is an important factor in influencing society. In the past, media has played a role in shaping people’s attitudes and beliefs about various issues. This influence can be seen in many social movements, from women’s suffrage to civil rights. Nowadays, we see this phenomenon taking place with blockchain technology and cryptocurrency.
In recent years, several mainstream news outlets like The New York Times have published articles and features on Bitcoin or other cryptocurrencies. Even celebrities like Paris Hilton have talked about it publicly on social media platforms like Twitter or Instagram. Through these platforms of mass communication such as Facebook or Twitter thousands of followers may read their posts at any given time.
Instagram Influencers Have Played a Big Part in Spreading the Word About Blockchain
Instagram influencers have played a big part in spreading the word about blockchain and cryptocurrency. Instagram is one of the most popular social media platforms, with over one billion users worldwide. People often turn to influencers for advice on all sorts of topics, including finance, fashion, and more.
The best thing about this trend is how easy it is for you to get involved. If you want to learn more about investing in cryptocurrencies or using them daily, simply search “cryptocurrency” or “blockchain” in your favorite app store or web browser. You’ll see dozens upon dozens of results pop up, so pick one.
Traditional News and Media Outlets Have Also Been Sharing More Content on Blockchain Technology and Bitcoin
Traditional news and media outlets have also been sharing more content on blockchain technology. The New York Times, for example, has added a blockchain-related section to its website. And the Wall Street Journal recently started to use “blockchain” in its headlines.
This is an important part of the process because it represents mainstream acceptance of the technology among those who are not familiar with it yet and are perhaps even skeptical about whether it’s legitimate or not.
The More Blockchain Is Talked About, the More It Is Understood by a Broader Audience of Non-techy Users
If you’re not a tech-savvy user, then you might be wondering how Instagram could have anything to do with the future of money and blockchain technology. The answer lies in the fact that Instagram helps make those concepts more accessible to non-techy users.
Instagram is an easy way to share information quickly and easily, making it the perfect medium for breaking down complex ideas into bite-sized pieces. In this respect, it has transformed how we communicate about technology and other complicated topics by allowing us to see them from different perspectives. And when it comes down to understanding something as abstract as blockchain or cryptocurrency (let alone both), having multiple perspectives can help make things clearer.
Influencers Help Raise Awareness About How Blockchain Technology Will Change the World
Instagram is a place where people can share their passions and interests. The platform allows users to follow other users through the app and see what they are up to. Instagram influencers are also very influential in the blockchain space, as they share photos, videos, and posts that explain how this technology will change our world as we know it, or give tips on how one can invest in cryptocurrencies.
These Instagrammers help educate others on how blockchain works by posting educational content about cryptocurrency or blockchain technology themselves. One way to learn more about cryptocurrencies is by subscribing to an influencer who posts about them regularly (or even just once) because these influencers have followers that trust them so much that they will listen when an influencer says something about investing in cryptos like Bitcoin or Ethereum – two popular types of digital money used online today.
Overall, Instagram has played a significant role in the growth of blockchain technology. The platform is a popular channel for entrepreneurs and influencers to share their thoughts and work related to the blockchain with others on social media. We’ve identified some key ways that Instagram has impacted this space, like education, inspiration, networking opportunities, and more. These findings help us understand how social media can impact the development of new technology, which could be helpful if we want to investigate other platforms like Twitter or Facebook.