There are so many use cases of blockchains like it can be used for smart contracts, online ledger the most known uses of blockchain. We can also use it for Decentralized Apps and and Supply chains.We could also use Blockchains in so many ways like storing and securing Digital Documents such as:
Merchant's Reward Points
Contract Agreement Certificate
Medical Records
Medical Certificate
Business Item Inventory
Coupons
Vouchers
Reservations
Movie tickets
Event tickets
Patents
Private equities
Public equities
Bonds
Derivatives (futures, forwards, swaps, options and more complex variations)
Topic: Best use case of blockchain so far? (Read 205 times)
Due to the unstable exchange rate, bitcoin is risky as a storage method (to store money cash or even gold is more predictable) but bitcoin still works as an accessible, quick, low-fee, international, pseudonymous and safe method to send and receive money (and buy/sell products and services) without banks or government ID. Bank transfers, PayPal, Western Union or cash in mail cant offer what bitcoin offers. If you convert your bitcoin to fiat (=cash) for daily living costs, you will be fine. If you want to speculate/invest/hodl and dont invest more than you are prepared to lose, you will also be fine. Bitcoin isnt dead (and will never die as long as people run full nodes and miners) and still 100% works as a currency.
I remember when bitcoin traded at $250, then $500, 1k, 2k, 5k, 10k and 18k ATH. I understand that it can be dangerous to lose money due to course changes. I exchanged some of my BTC to cash for security and because I cant afford to lose more. If you feel anxious about the drop, do what is best for your situation, if that means hodling or exchanging some of your bitcoin to fiat. But even $4000 isnt bad in the bigger picture and definitely doesnt mean that bitcoin is dead, as a currency or as investment.
I remember when bitcoin traded at $250, then $500, 1k, 2k, 5k, 10k and 18k ATH. I understand that it can be dangerous to lose money due to course changes. I exchanged some of my BTC to cash for security and because I cant afford to lose more. If you feel anxious about the drop, do what is best for your situation, if that means hodling or exchanging some of your bitcoin to fiat. But even $4000 isnt bad in the bigger picture and definitely doesnt mean that bitcoin is dead, as a currency or as investment.
According to Coinbase - Bitcoin is now trading at US $4600 today. massive fall
It's no longer a new story, we've been faced with a crumbling bitcoin price in the past one week now, it's a really massive fall, but I think we've all experienced similar issues with a fall in price in the past,so I expect the price to pick up sooner than later do you think the there has been a relevant real world use case for blockchain
The blockchain technology was created as a result of the inception of the bitcoin,to be the underlying technology,to ensure it's transactions are safe,secured,transparent,and carried out quickly..Since coming on board though,some other industries/establishments have tried adopting the technology,with varying degrees of success
But none definitely comes close to the level of success the technology has achieved with the bitcoin....
Best use case of blockchain so far is bitcoin.
You are joking right?
No, this is right, Bitcoin is the best use case for the current blockchain.
Bitcoin is currently the only successful blockchain technology application that is widely used. Others are not so successful.
That's nothing but a shared ledger. Centralized DB works better in a permissioned environment like this. Companies like IBM are using 'Blockchain' merely as a buzzword.v=mRQs9Y6CUSU
Aren't they basically selling it as a service so it could be as decentralized as the client wants?
Quote
Your source for the most complete decentralized blockchain experience available
Either way, yeah, current applications seem shaky. Barring a breakthrough, blockchains will always be extremely specialized with very specific applications. I guess we'll see.
That's nothing but a shared ledger. Centralized DB works better in a permissioned environment like this. Companies like IBM are using 'Blockchain' merely as a buzzword.
If you want to understand this in detail, listen to Andreas M. Antonopoulos @ https://www.youtube.com/watch?v=mRQs9Y6CUSU
If you want to understand this in detail, listen to Andreas M. Antonopoulos @ https://www.youtube.com/watch?v=mRQs9Y6CUSU
There are lots of great but still rather small projects with real world usecases of the blockchain beside payments. Agent not needed, Hydrogen, PowerLedger,... just to name a few. All of them started their business in 2017/2018, so I am sure there will be a lot of successful blockchain projects in the next 5-10 years.
Agreed. So taking the above into consideration, would the reduction in Bitcoins value be a correction to represent the true value of the coin and its underlying tech?
There are lots of great but still rather small projects with real world usecases of the blockchain beside payments. Agent not needed, Hydrogen, PowerLedger,... just to name a few. All of them started their business in 2017/2018, so I am sure there will be a lot of successful blockchain projects in the next 5-10 years.
Best use case of blockchain so far is bitcoin.
You are joking right?
Nope.
I would tend to agree. Bitcoin thus far has proven to have the most real-life utility. Look at all the black markets & exchanges primarily using bitcoin/Monero.
https://www.coindesk.com/swiss-city-plans-to-vote-on-blockchain-using-ethereum-digital-id
Stuff like this is interesting, but it's applied on such a small scale as of now that it's really not that useful yet/hasn't really made an impact..
Best use case of blockchain so far is bitcoin.
You are joking right?
Best use case of blockchain so far is bitcoin.
According to Coinbase - Bitcoin is now trading at US $4600 today. massive fall over the past few months.
do you think the there has been a relevant real world use case for blockchain, an application of the technology that can achieve scale, while still remaining affordable and accessible to the general public.
If so what is it?
do you think the there has been a relevant real world use case for blockchain, an application of the technology that can achieve scale, while still remaining affordable and accessible to the general public.
If so what is it?
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