0%
Top 12 Applications of Cryptocurrencies
#Cryptocurrency#cryptohopper#Web 3.0 / DeFi / NFT / dApps / Metaverse+2 mais tags

Top 12 Applications of Cryptocurrencies

The beauty of cryptocurrencies lies in the multitude of diverse purposes of money compared to regular currency. We have compiled an overview of what sets cryptocurrencies apart from regular money.

1. Tokenization of physical assets

Imagine a apartment building with 100 units in which you can invest. Now, you could say that each apartment could equal 1 token, but what if you also want to give smaller investors access to the real estate market and let them benefit from rental income? You can split 1 apartment into 10 or 100 tokens over which rental income can be distributed.

2. DApps

DApps, or decentralized applications, are applications built on blockchain technology and distributed across a decentralized network of computers.

Unlike traditional applications hosted on a central server, DApps run on a distributed network of computers, usually on a blockchain.

You can use dapps by paying in the network token used (for example, Ethereum). The more a dapp or dapp network is used, the greater the token's value appreciation.

3. Data storage

Today, more and more data is stored on cloud services from Microsoft, Amazon, or other large companies.

But what if you could earn money by investing in centralized data storage services and at the same time store and access data in different locations around the world? Decentralized data storage services like Filecoin are suitable for this.

4. Big data

Big data tokens in crypto usually refer to tokens used within blockchain networks to access or pay for big data services. These tokens are intended to enable the sharing, processing, and analysis of large amounts of data in a decentralized manner. Thanks to this solution, you can earn by providing computing power.

5. Microtransactions

Microtransactions enable new business models and revenue generation, especially in sectors where users pay small amounts for specific services. Think of pay-per-view streaming, in-game purchases, or supporting content creators on platforms like Patreon.

6. Fundraising

Fundraising via launchpads in crypto is a process where new projects issue and sell tokens to investors through a platform known as a "launchpad." These platforms act as intermediaries between project teams and potential investors, offering a standardized way to launch and sell tokens.

7. Marketing purposes

There are several ways crypto projects can generate revenue while benefiting their community. Since cryptocurrencies are often linked to dapps, users can be rewarded by following certain steps in a dapp, known as airdrops.

Additionally, users can also earn money by purchasing NFT s from a crypto project. NFTs are often used by users on social media platforms as a profile picture or avatar to show support for a crypto project. The NFT can be scarce, making it more profitable when sold.

8. Mining pools

We have already explained the concept of crypto mining in previous blogs. Managing a mining rig, the hardware needed to mine, costs a lot of money. Because this is not feasible for many people to afford, mining pools exist. Mining pools are groups of people who pool money to mine and are rewarded for doing so.

9. Staking pools

We have also explained the concept of staking in previous blogs.

Many crypto projects require large amounts of a cryptocurrency to stake. Similar to mining pools, many individuals together ensure that they own a certain amount of tokens so that they can stake. They are rewarded for this.

10. Digital ownership

Digital ownership in crypto refers to the concept that individuals or entities can have ownership over digital assets, such as cryptocurrencies, tokens, digital art, or other digital possessions, thanks to blockchain technology.

In traditional systems, ownership rights often depend on intermediaries such as banks or other centralized authorities. Digital owners can conduct direct and peer-to-peer transactions without the involvement of third parties. This reduces dependence on intermediaries like banks and speeds up the transaction process.

11. Liquidity providers

Liquidity providers in crypto are individuals or entities that provide liquidity to decentralized financial (DeFi) platforms, such as decentralized exchanges (DEX) and liquidity pools.

They play a crucial role in facilitating trading on these platforms by providing digital assets to other users who want to buy or sell. Liquidity providers earn money through interest income and sometimes also by receiving trading fees.

12. Identity and CBDC

Identity tokens in the context of Central Bank Digital Currencies (CBDCs) refer to digital tokens issued on a blockchain or another distributed ledger to verify and manage identity information. These tokens are used to capture, verify, and manage digital identities of individuals in a digital form.

In conclusion, cryptocurrencies redefine the concept of money by offering diverse applications, from tokenizing physical assets to enabling microtransactions and digital ownership. The innovative blockchain technology driving cryptocurrencies promotes decentralization and transparency in financial systems, shaping the future of economies worldwide.

Imagem da caixa de entrada

Informativo

Receba o e-mail semanal com análises exclusivas de critomoedas e notícias que valem a pena ler. Mantenha-se informado e entretido, de graça.

Automatize
seus
tradings!

Bot de trading de criptomoedas automatizado de nível mundial

Vamos começar
Automatize suas operações

Artigos relacionados

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 mais tags

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 mais tags

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 mais tags

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

Comece a operar com o Cryptohopper gratuitamente!

Uso gratuito - não é necessário cartão de crédito

Vamos começar
Cryptohopper appCryptohopper app

Aviso Legal: O Cryptohopper não é uma entidade regulamentada. A operação de bots de criptomoeda envolve riscos substanciais, e o desempenho passado não é indicativo de resultados futuros. Os lucros mostrados nas capturas de tela do produto são para fins ilustrativos e podem ser exagerados. Somente se envolva na operações de bots se você possuir conhecimento suficiente ou procurar orientação de um consultor financeiro qualificado. Em nenhuma circunstância, o Cryptohopper aceitará qualquer responsabilidade perante qualquer pessoa ou entidade por (a) qualquer perda ou dano, no todo ou em parte, causado por, decorrente de ou em conexão com transações envolvendo nosso software ou (b) quaisquer danos diretos, indiretos, especiais, consequenciais ou incidentais. Por favor, observe que o conteúdo disponível na plataforma de social trading do Cryptohopper é gerado por membros da comunidade Cryptohopper e não constitui aconselhamento ou recomendações do Cryptohopper ou em seu nome. Os lucros mostrados no Marketplace não são indicativos de resultados futuros. Ao usar os serviços do Cryptohopper, você reconhece e aceita os riscos inerentes envolvidos na operação de criptomoedas e concorda em isentar o Cryptohopper de quaisquer responsabilidades ou perdas incorridas. É essencial revisar e compreender nossos Termos de Serviço e Política de Divulgação de Risco antes de usar nosso software ou se envolver em qualquer atividade de operação. Consulte profissionais da área jurídica e financeira para obter orientação personalizada com base em suas circunstâncias específicas.

©2017 - 2024 Copyright by Cryptohopper™ - Todos os direitos reservados.