19/09/19 06:00 UTC-5

ING research: The less knowledge about the blockchain, the more people are confident in the cloudless future of cryptocurrencies

OtherThe more knowledge, the less expectations about the blockchain
The more knowledge, the less expectations about the blockchain

The less people know about blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology and cryptocurrencies, the more they are confident in their cloudless future. And, on the contrary, when people have at least basic knowledge about these technologies, they see a negative.


The ratio of knowledge and expectations about cryptocurrencies

The Dutch bank ING conducted a study, dedicated to knowledge and expectations about the development of cryptocurrencies among ordinary citizens. In total, the financial institution interviewed 1000 people in the 15 countries of Europe.

In general, the bank determined that most people lack even basic knowledge about blockchain and cryptocurrencies. For example, 74% of respondents know that cryptocurrency is a digital form of money. But 73% of them believe that they are managed centrally, although decentralization is the foundation of the blockchain.

However, this does not stop them from believing that blockchain and cryptocurrencies have a positive future.


But a positive attitude disappears in proportion to knowledge, the study says. ING determined that people with average and high knowledge in the field of blockchain and cryptocurrencies see a much more "foggy" future for innovative technology.


See also: "Australians revealed a scheme for money laundering through a crypto for "millions of dollars""

#Blockchain #Cryptocurrencies #Study #ING

Editor: Alex Riabukha