Adoption Curve

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The adoption curves show the progression of technological innovations in a market.

It is rare that a brand new product or concept is adopted immediately when it comes to the market. It is not easy to get adopted by the masses at first.

Consider cell phones as an example. As cell phone use cases grew, so did the support network. Each generation of users helped make the technology better as they were adopted more widely.

This is how new products and technologies are adopted in a variety of markets.

Blockchain technology provides a great example of the adoption curve. Although cryptographically secure chains of blocks were first introduced in the 1990s, it wasn’t until 2008 that Satoshi Nakamoto published a whitepaper setting out the foundation for a blockchain. The first genesis chain was created in 2009.

Since then, it is slowly being adopted. Today, more than 80 percent of Bitcoins are mined, and more than 55,000 cryptocurrencies were launched on blockchains after the initial BTC launch.

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