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Has anyone ever told you that #cryptocurrencies are useless? 💢
Here are 5 simple use cases for #crypto that anyone can understand! 🧠
Level: Beginner 🔰
Reading time: 2 minutes 📚
THREAD 🧵
Here are 5 simple use cases for #crypto that anyone can understand! 🧠
Level: Beginner 🔰
Reading time: 2 minutes 📚
THREAD 🧵
1⃣Online Payments
With #blockchain technology, we can make online payments without the need for intermediaries like banks or payment processors.
This can reduce transaction fees and increase the speed of transactions.
Anyone can do it, all you need is INTERNET!
With #blockchain technology, we can make online payments without the need for intermediaries like banks or payment processors.
This can reduce transaction fees and increase the speed of transactions.
Anyone can do it, all you need is INTERNET!
2⃣Digital Identity
#Blockchain can be used to create a digital identity that is secure and transparent.
This can help to prevent identity theft and fraud, as well as make it easier to manage our personal information.
Some companiesare already working on these solutions.
#Blockchain can be used to create a digital identity that is secure and transparent.
This can help to prevent identity theft and fraud, as well as make it easier to manage our personal information.
Some companiesare already working on these solutions.
3⃣ Decentralized Marketplaces
#Decentralized marketplaces allow users to buy and sell goods without the need for intermediaries.
This can reduce fees and increase transparency in the buying and selling process.
Plus, it puts more control in the hands of the users.
#Decentralized marketplaces allow users to buy and sell goods without the need for intermediaries.
This can reduce fees and increase transparency in the buying and selling process.
Plus, it puts more control in the hands of the users.
4⃣ Decentralized Lending
#DeFi platforms, like Compound and Aave, allow users to lend and borrow funds without the need for intermediaries.
This can provide access to funds for those who might not have traditional banking options, and can also provide better interest rates!
#DeFi platforms, like Compound and Aave, allow users to lend and borrow funds without the need for intermediaries.
This can provide access to funds for those who might not have traditional banking options, and can also provide better interest rates!
5⃣ Decentralized Social Media
#Blockchain-based social media platforms can provide more control and transparency to users.
Plus, they can incentivize content creation and curation with #cryptocurrency rewards, rather than relying on advertising revenue.
#Blockchain-based social media platforms can provide more control and transparency to users.
Plus, they can incentivize content creation and curation with #cryptocurrency rewards, rather than relying on advertising revenue.
There are many other use cases, and new ones are found every day.
You only have here the basic use cases here that are enough to answer these skeptics ;)
You only have here the basic use cases here that are enough to answer these skeptics ;)
Tagging these gigachads who’s retweet would help engagements
@CryptoShiro_
@rektdiomedes
@Flowslikeosmo
@0xSalazar
@Deebs_DeFi
@DeFiMinty
@Slappjakke
@crypto_linn
@TheDeFISaint
@DeFi_Made_Here
@Louround_
@0xsurferboy
@CryptoKoryo
@WinterSoldierxz
@Chinchillah_
@DAdvisoor
@CryptoShiro_
@rektdiomedes
@Flowslikeosmo
@0xSalazar
@Deebs_DeFi
@DeFiMinty
@Slappjakke
@crypto_linn
@TheDeFISaint
@DeFi_Made_Here
@Louround_
@0xsurferboy
@CryptoKoryo
@WinterSoldierxz
@Chinchillah_
@DAdvisoor
I hope you enjoyed it, don't hesitate to let me know in the comments, without forgetting to like and RT the first tweet of the thread!
Stay safe and learn 💪
#Cryptocurency #blockchain
Stay safe and learn 💪
#Cryptocurency #blockchain
https://twitter.com/the_smart_ape/status/1642941824644923411?s=20
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