Blockchain has become a global phenomenon and more people are using the tool than ever. Blockchain technology is essentially a digital ledger which cryptocurrencies use to manage transactions. Blockchain technology encrypts the information inside the transaction and allows users to make these types of financial transactions without a bank or traditional financial institution. The Blockchain essentially allows cryptocurrencies to act as a decentralized entity, without the need for a central organization to handle financial transactions. Without Blockchain technology, cryptocurrencies like Bitcoin wouldn’t be nearly as effective and wouldn’t have the same global reach.
Perhaps that is why more countries are blocking digital content associated with Blockchain technology. Countries like China, who has long blocked internet content that it didn’t find favorable to its government, are beginning to block online content relating to cryptocurrencies and to the Blockchain technology that powers them. Countries fear that if more internet users begin reading about Blockchain technology and cryptocurrencies, they’ll begin using them instead of the country’s traditional currencies.
Bypassing GeoIP Bans With VPNs
Fortunately, there is a way for internet users to avoid geo-location restrictions on internet content. VPNs have soared in popularity around the world because they provide online security and open up the internet no matter where you might be located. VPNs work by creating a secure tunnel between an internet user’s device and a server located elsewhere around the world. The tunnel is encrypted on both ends, and users are provided with a new IP address as well. This allows users to access sites that might be blocked at their current location. For internet users who want to access content about the Blockchain or about cryptocurrencies, VPNs are a must have. For travelers, VPNs are also important, since they allow the access of Blockchain related sites regardless of whether they are in countries like Saudi Arabia or Iran.
Expect More Countries To Restrict Blockchain Related Content In The Future
It looks like as cryptocurrencies and Blockchain technology grow, more countries are going to block content associated with the two. That is because countries fear that a growth in cryptocurrencies means less people will be using their own national currency. And that has potential tax and currency valuation implications. So it won’t be likely that countries like China will eventually see the light on cryptocurrencies or the Blockchain. They will probably fight to add tougher restrictions and harsher penalties for violations instead. But with the power of VPNs, internet users in these countries will still be able to access the web and cryptocurrency sites without fear of reprisal. Look for more VPN growth over the next several years, especially as cryptocurrencies become more prominent worldwide.