The week can be summed up in a phrase many have said: “We are witnessing the final throes of the crypto world.” Bitcoin price continues to drop, affected by the entire scandal of the FTX lawsuit. This earthquake is seen by other people as an opportunity to store more or buy some Bitcoin cheaper before it creates a new uptrend. The industry is sifting through bad actors, some of whom are forced to join because their managers are affiliated with an exchange house that spends depositors’ money on luxury homes in the Bahamas or on donations to the Party Democrat. The US, according to those who have researched the issue and have a significant portion of the information proving their wrongdoing on the blockchain.
All information about any action on the blockchain / blockchain is stored in it forever. In decentralized blockchains such as those used by Bitcoin, Hive, Cardano, WAXP and others, you can search for annotations of the activities performed on them: transfer cryptocurrencies or NFTs; sharing photos, writing a personal blog, or any other activity that the blockchain we use allows us to do. Have you ever used an Internet search engine to find a page or information about something specific? The search engine I told you about is something similar.
On the contrary, in a centralized blockchain, the information we can see in it can be changed, interrupted, vetoed or even not allowing us to return our funds for who knows what requirements we do not meet. It all depends on the good work of the person in charge. A blockchain is known to be centralized because most of the nodes (computer equipment) that confirm the actions of the activity existing in it are distributed in several hands.
The decentralization of the economy, education, information, entertainment brings a new panorama for the general public. In video games, in play-to-earn / play to win, the latest version of the game is no longer purchased, instead the money enters the player’s pocket in the form of cryptocurrencies or coins as the case may be. With regard to education and the idea of encouraging teachers and students, there is teach by ear/teach to win. This concept is linked to a startup born on the Cardano network. Teachers around the world can earn Education Coins by signing up on the Coins For College platform. Once the registration and KYC/know your customer process is approved, educational creators can start earning cryptocurrency in exchange for knowledge sharing. Those with existing content and lesson plans
The Internet can also participate and contribute to the open knowledge space of the Internet. Educational resources created by teachers will be available to students free of charge on the Coins For College platform. With a vision to guarantee all students access to high quality educational materials. The whole world is well noted on the blockchain with very clear accounts.
Source: Informacion
Brandon Hall is an author at “Social Bites”. He is a cultural aficionado who writes about the latest news and developments in the world of art, literature, music, and more. With a passion for the arts and a deep understanding of cultural trends, Brandon provides engaging and thought-provoking articles that keep his readers informed and up-to-date on the latest happenings in the cultural world.