Curated Crypto Airdrops – Get free cryptocurrency

How to add an airdrop into this listing?

Please submit your airdrop for review here: https://topicolist.com/submit-airdrop

Note: Each airdrop is manually reviewed and we only add top quality airdrops. Please don’t even bother with bad quality airdrops or scams.

What is this?

This page is a crypto airdrop list with all the active and upcoming airdrops from initial coin offering (ICO) companies. We maintain an easy to use list of quality airdrops so you can earn free cryptocurrency.

Go through the list, learn more about the ICOs and join the ones that you think might have potential. Be among the first ones to receive free airdrop tokens from these projects.

What is a Crypto Airdrop?

A crypto airdrop is crypto giveaway where a blockchain project gives the community free coins/tokens to introduce the provided services. Airdrops are usually done to engage and call in the industry pioneers into new or expanding projects. Airdrops might also act as loyalty rewards for the early adopters in the projects.

In order to receive a crypto airdrop you will usually need a wallet that supports the received coins. In many cases the airdropped tokens are built with the Ethereum ERC20 standard and common wallets such as MyEtherWallet address can be used to receive the airdrop. Read the more accurate terms and conditions from the airdrop page of your choice.

It is good to distinguish the difference between an “airdrop” and a “bounty”. An airdrop should not ask too much effort from you. Bounty on the other hand is a reward from a contribution to the project – usually in the form of translating or marketing a project.

Airdrops are a great way to build an initial audience for an upcoming ICO. By joining telegram groups, posting on social media etc you can earn more coins which you can sell later.

How to get free airdrop coins?

The requirements and instructions will be different for each airdrop. Some airdrops require you to join their telegram group, some want you to give your email address, some require you to PM (private message) the admin on Bitcointalk forum with your ETH address and others require social media posts (you will probably need a minimum amount of followers).

There are also cases where you will need to do many of these in order to get your airdrop coins.  Click through to the airdrops we have listed and follow the instructions to earn your free airdrop coins.

Why ICOs are giving away free coins in their airdrop?

Good question!

Airdrop ICOs aren’t doing this for altruistic reasons to make you money. They are giving away airdrop coins to build their community and educate crypto investors and enthusiasts about their project so they might potentially invest and contribute in it later down the road. Airdrops are a good way to get an engaged community to test, develop and market new projects with limited marketing capacity.

While you aren’t spending money to receive airdrop coins, you are spending a little time and might be contributing your social capital to the project. For this reason – even if we are working hard to deliver you only the best available projects – it is always advisable to do your own research before joining a new project.

In short: Airdrop is a marketing and implementation mechanism for an ICOs.

How to sell airdrop coins?

Most of the time airdropped coins aren’t different from other cryptocurrency coins. You won’t be able to convert the airdrop tokens into Bitcoin, Ethereum, other cryptos or fiat until they are listed on an exchange. Sometimes the airdrops are distributed to holders of other tokens and exchanges inform the users separately if they are supporting this kind of airdrop campaign. In that case the airdrop comes into your exchange account and is tradable immediately.

What about Initial Coin Offerings?

If you’re looking a list of initial coin offerings navigate to this cryptocurrency ico list.

Why Ethereum’s Price is Due for a Huge Boost

This article takes a look at the current state of Ethereum and seeks to identify the root cause off its staggering drop since the start of 2018.

Ethereum (ETH) has been one of the most underperforming cryptocurrencies in the market since the entire cryptocurrency market crashed at the start of 2018. From all-time highs to a significant reduction in our portfolio by over -80%, it is high time we take a deep dive into the current issues surrounding the 2nd largest blockchain in the world.

ETH Vs Cryptocurrency Market: Poor Performance

Since the bear market at the start of 2018, the price of ETH has underperformed as compared to the rest of the cryptocurrency market. Ethereum’s price has fallen by more than 80% since the start of the year, from an all-time high of over $1,400 back in January 2018 to less than $200 in September 2018.

Ethereum, Ethereum's price, huge boost, why Ethereum, boost

Even though the entire cryptocurrency market has fallen significantly in tandem since the start of 2018, ETH has been hit particularly worst. Here is a graph that shows the returns of the market for the past 6 months compared to ETH’s returns (denominated in %):

Ethereum, Ethereum's price, huge boost, why Ethereum, boost

It is clear that ETH has severely underperformed relative to the rest of the market. In order to compare the returns of ETH with the rest of the market, an index of the top 300 top cryptocurrencies based on market capitalization (known as the Fundstrat Crypto 300 Index: FSTOK300) is used as the benchmark for the average cryptocurrency market returns. It can be seen that ETH has been losing more than double in value compared to the entire cryptocurrency market. In the past 6 months, ETH’s value has shrunk by close to 70%, while the top 300 coins had an average reduction of just 31%.

This goes to show that ETH’s price struggled with greater price decline than the entire market.

(Read more: Guide to Cryptocurrency Liquidity: Understanding Liquidity & Its Importance

Biggest Hindrance: ICO Sell-offs

Perhaps the biggest hindrance to Ethereum’s price is the heavy selling pressure by Initial Coin Offering (ICO) projects that raised huge amounts of funds – denominated in ETH – back when the ICO craze started in 2017. Over $ 6.2 billion USD was raised by a total of 875 ICOs back during the bull run in 2017. Here is a graph that shows the exponential increase in ICO fund-raising in 2017:

Ethereum, Ethereum's price, huge boost, why Ethereum, boost

(Source: ICOData)

The second half of 2017 saw ICO funding grew tremendously, and coupled with the crazy bull run, many were investing in ICOs in the hopes of amassing huge returns. This meant that ICOs raised a tremendous amount of funding in ETH coins. The reason why most ICOs raised money in the form of ETH is because the majority of new ICO projects are built on the Ethereum blockchain, and therefore accepts ETH as the initial investments for their ICO in return for the project’s native tokens. It is important to understand the difference between cryptocurrency coins and tokens: cryptocurrencies have their own native blockchain while tokens are built on top of  open-source existing blockchains. Ethereum is the most popular (and one of the oldest) platform for new ICO projects looking to build their applications on and issue their own native tokens.

Looking at the list of over 1100+ tokens in the cryptocurrency market at the moment, we can assess the popularity of Ethereum. Out of 1,107 tokens in existence, more than 87% – 966 tokens to be exact – are issued on the Ethereum blockchain. And if you look at any new ICOs in the market, you can see that the majority of them are ERC-20 tokens, meaning that it is issued on the Ethereum blockchain and complies with Ethereum’s protocol standards. This highlights the success of Ethereum as being an open-source preferred blockchain for projects to build applications on. However, it comes with a cost.

Ethereum’s popularity has a disadvantage; ETH coins face a huge sell pressure due to ICOs raising money in ETH and thereafter selling it down the road to meet their expenses.

According to the data collected from Santiment, a number of ICOs offloaded their ETH stash in July and August. Here’s a visualization of the data:

Ethereum, Ethereum's price, huge boost, why Ethereum, boost

(Source: Santiment)

ICO projects that raised funding in ETH must liquidate their ETH stash to fiat money at some point in the future to meet operational expenses, just like how a business operates. Especially when the market turned bearish since the start of 2018, ICO projects have been dumping their ETH to not only meet expenses but also to manage their risks amidst the bear market. There have been many reports of projects selling away a huge portion of their ETH, and this has caused immense selling pressure for ETH. This selling pressure has been a constant factor that has caused ETH’s value to underperform the entire market.

(See also: Crypto Beginners Guide: 5 Things Crypto Newbies Should Know)

Reduction in ICO Selling Pressure

A recent report by Bitmex Research that tracks 222 ICOs suggested that almost 75% of all ETH raised in ICOs have been sold or transferred out of their wallets:

Ethereum, Ethereum's price, huge boost, why Ethereum, boost

(Source: Ethereum Blockchain, BitMEX Research, TokenAnalystToken Data, Price data from Etherscan)

It was no surprise that the largest ICO in history was issued by EOS (EOS), which raised a whopping 7,211,776 ETH (equivalent of $4 billion) and represented close to half of the total ETH raised amongst the pool of 221 ICOs. The entire ETH raised from 222 projects (including EOS) initially stood at over 15 million. Throughout the year however, ICOs started to liquidate their ETH stash, leaving only a quarter of the total ETH raised that has yet to be sold or transferred out. There is therefore an ETH balance of 3.8 million ETH tokens, which roughly translates to approximately $830 million.

This is positive news since only a smaller balance of ETH held by ICO tokens across the board would generally mean lower selling pressure. It is also worth mentioning that EOS positions itself as a direct competitor of Ethereum and has liquidated all of their ETH coins, which is excellent news.

(Read also: Guide to Ethereum: What is Gas, Gas Limit and Gas Price?)

In A Nutshell

ICOs have started offloading or selling away their ETH stash in order to manage risks and pay for operational expenses throughout 2018. Only a quarter of total ETH – raised in 2017 and early 2018 – is left to be spent. This would naturally reduce the selling pressure of ETH prices since the majority of ETH coins collected through ICOs have been spent. We can expect to see a sharp rebound of ETH prices thereafter. With a slew of fundamental news coming up that include the testnet implementation of Constantinople, scalability progress and potential futures listing, things are looking great for Ethereum.

(See more: Will A Crash in Bitcoin’s Price Lead to Its Demise?)

Beneficial Resources To Get You Started

If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

Trading & Exchange

Wallets

Read also: Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience and Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis.


Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.

Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!

You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!

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Guide to Smart Contract: What are Smart Contracts?

Home » Blockchain » Guide to Smart Contract: What are Smart Contracts?

This guide to smart contract takes a look at what are smart contracts and how they work. The various applications and use cases will also be explored.

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

Blockchain technology is a crowning jewel created from the advancements of cryptography and computer science. It is fast gaining traction as a revolutionary innovation with the potential of disrupting current systems and a wide-range of industries. One of the most exciting evolution of blockchain is the advancements of smart contract technology. This article will be dedicated in uncovering the concept of smart contracts and how the technology works.

(See more: Guide to Blockchain Protocols: Comparison of Major Protocol Coins)

What is A Smart Contract?

Smart contracts are any contracts that have been pre-programmed with a set of definitive rules and regulations that are self-executing, without the need of any intermediaries. Therefore, with any given inputs, there will be a known output.

Smart contracts are the rough equivalent in the blockchain of an Application Programming Interface (API) in a traditional web environment. An Application Programming Interface (API) is a set of functions and procedures that allows users to interact with an application. It allows applications to communicate with each other. API is mostly used to develop different software applications and features.

In order to better understand the concept of APIs, let’s take a look at a simple analogy. Imagine sitting in a restaurant and looking at the menu. After the waiter records the food items that you’ve ordered, he will send that order to the kitchen. Once your food has been cooked, the waiter will deliver your food to your table. In this case, you are the application user, the kitchen is the computing system (that executes all commands and requests) and the waiter is the API. The waiter is the messenger that takes your order (requests) and tells the kitchen (computing system) on what to do. API therefore facilitates the communication between different software components and applications.

The smart contract is what connects the decentralized blockchain database (which in our example replaces a conventional central database) to the front-end application, which on the blockchain is a decentralized application (dAPP). The dApp uses one or more smart contracts, each enabling different functions or transactions, to communicate with the blockchain. For example, in a financial application one smart contract could allow the user of the dApp to send and receive funds, while another smart contract could schedule a payment plan. Here is a visualization of an application of smart contracts:

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

These transformative tools are game-changers for those looking to have a more efficient and credible process for contracts of all kinds.

(Read also: Guide to Blockchain Scalability: Bitcoin Scalability Problem and Effects)

Evolution of Smart Contracts

Nick Szabo – a legend in the field of computer science and cryptography – is often regarded to as the inventor of smart contracts. He dreamed up the notion of recording contracts in code way back in 1994. His work laid the foundations for smart contract technology; a software program that appends layers of information onto digital transactions via the blockchain. Smart contracts are self-executing contracts that operate on an if-then premise, enabling transactions to complete once the terms of the contract are met. The terms of the contracts are coded directly into the smart contract. We can illustrate using the purchase of a car; if the funds are released via smart contract, then the digital title of the car is turned over to the buyer, also via smart contract.

Ethereum is one of the earliest and most popular blockchain project that is built specifically to support smart contract functionality. Since then, there are a wide variety project that focuses on implementing smart contract technology such as NEO, Lisk and Waves.

Smart contracts allow for much more complex transactions than just the exchange of digital currency for services or products. They can execute many other functions as well. Imagine a blockchain version of a social media site like Facebook or Instagram. The homepage the user interfaces with could be a blockchain-based dApp, while every interaction—every comment, every like and every post—is driven by multiple smart contracts.

(See more: Evolution of Cryptocurrency: Importance of Retail-Driven Crypto Adoption)

Multiple Contracts Can Be Used in Each DApp

Most decentralized applications will use more than one contract to execute its various tasks. Each smart contract must be deployed independently, and will have its own blockchain address, where you can go to interact with it. If different smart contracts need to interact with each other – say for instance contract number one needs to communicate with contract number two – contract number one will need to know the address of contract number two. Both contracts – one and two – are “first class citizens in the network,” even though one depends upon the other.

There are many applications that utilizes smart contracts. In fact, most projects use smart contracts to facilitate their Initial Coin Offerings (ICOs). Investors would send their initial investments – usually in the form of Ether (ETH) – to the ICO smart contract address and would automatically receive the ICO native tokens in proportion to their investment. By using smart contracts, ICOs would eliminate the need for using intermediaries to handle and manage the investments, since smart contracts would automate the entire process. Here is how one can participate in an ICO:

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

There are also blockchain projects that facilitate smart contract functionalities across a range of industries. For instance, social media mavens can use smart contracts in conjunction with BOOSTO to track client deals, store transactions, and literally any if/then scenario where trust and security is required. And for even more added safety and assistance, projects like blockchain-based Hosho will audit your smart contracts to ensure every element is properly and efficiently executed. If a particular dApp requires multiple contracts, it helps to use additional tools to streamline and simplify the process.

(Read also: Crypto ICO vs. Stock IPO: What’s the Difference?)

Advantage of Smart Contracts

Nick Szabo famously likened smart contracts to vending machines. Just put in your change and in return, you’ll get a can of soda or a candy bar out. No third parties are necessary; if you deposit the change, then the soda comes out. The efficiency that smart contracts afford are obvious advantages. Let’s take a look at the different advantages that smart contracts facilitate:

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

Efficiency & Cost Reduction: Smart contracts facilitate direct transactions between two or more parties, without any need for intermediaries. The absence of intermediaries will reduce the costs of execution and streamline the entire process.

Immutability: Since all transactions are recorded on the open-source, public blockchain, all information pertaining to the transaction will be immutable and transparent. This means that transactions cannot be altered or removed; it becomes forever a part of the record of the public blockchain database.

Secure: Blockchain technology uses a decentralized and distributed system, which is much more secure than a centralized system. Since all nodes in the network is required to download the entire database of transactions, no single authority has control over the database. This makes it extremely hard for hackers to infiltrate the network.

Trustless: Smart contracts are made up of coded rules. Therefore, “Code is King”. Users do not need to trust the other party or anyone else, since the rules of the smart contracts are transparent on the blockchain and there is no intermediaries that facilitate the transactions. Therefore, transactions will be executed in a trustless environment. Blockchain also allows for transparent and easy verification. Imagine the benefits of running a smart contract-enabled crowdfunding campaign. There would be far less danger of donating to fraudulent campaigns with monies going into an account that is distributed across the network, instead of being handled by one person or group of persons.

Convenience: Software code automates tasks, making formerly complex and time-consuming transactions much quicker to complete. Documents can be digitalized and notarized in an instant.

(See more: A Guide To Fundamental Analysis For Cryptocurrencies)

Possible Use Cases for Smart Contracts

As stated earlier, smart contracts can be used for a broad range of use cases, not just financial transactions. A smart contract can execute a financial or contractual agreement between two parties, or it can simply trigger the execution of functions in a blockchain-based application. Here are few industries that smart contracts can be used to facilitate transactions and business operations:

Healthcare Systems: Smart contracts can be used to securely transfer data, allowing patients to actually have control over their own data. Third parties – such as researchers or biomedical institutions- would have no access unless given express permission by the patient. They could also be used for healthcare management tasks like prescription management, testing results, regulation compliance and ordering healthcare supplies.

Government: Smart contracts would provide a secure system for voting, greatly reducing concerns about voter fraud by providing a much more secure and transparent system. Votes protected by the blockchain ledger would have to be decoded and would require a great deal of computing power to access. Also, the ease of voting via smart contract could greatly improve voter turnout.

Management: The blockchain, with its automated systems, facilitates workflows and provides an immutable ledger as a source of trust. The accuracy and transparency of a blockchain-based system cuts time spent waiting for approvals and signatures. Smart contracts streamline procedures and eliminate discrepancies that can lead to issues such as settlement delays and lawsuits.

Real Estate: The real estate industry is inefficient and expensive due to its manual nature and that it greatly relies on third party brokers to facilitate transactions. With smart contracts, participants can save a huge amount of costs related to listing and brokers’ fees. In late 2017, a house was bought using smart contracts and blockchain technology for the first time in Ukraine. There are estimations that smart contracts will be used by more than 25% of global organizations by 2022. The evolution of these technologies is a dynamic process, and as businesses open themselves up to using smart contracts to enhance operations and change the face of traditional employment, more innovative ways of implementing smart contracts will present themselves.

(You might also be interested in: Guide on Identifying Scam Coins)

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This article is contributed by Heidi Yu, a serial entrepreneur, influencer marketing evangelist and AI enthusiast. An MBA graduate from Seattle University, she successfully founded Boostinsider at the end of 2014.  As one of the few women leaders in blockchain adaptation, Heidi founded BOOSTO.io, an influencer driven decentralized app store that returns power to creators and makers.  Heidi speaks to audiences around the world about the adoption and the benefits of the blockchain.

Beneficial Resources To Get You Started

If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:

smart contract, smart contracts, what are smart contracts, guide to smart contract, what are smart contract

Trading & Exchange

Wallets

Read also: Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience and Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis.


Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.

Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!

You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!

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3 Major Industries That Blockchain Technology is Changing

Home » Blockchain » 3 Major Industries That Blockchain Technology is Changing

This article takes a look at 3 major industries that blockchain technology is changing and how blockchain is shaping industries of the future.

Blockchain & Cryptocurrency

During the last few years, blockchain technology registered on most people’s radar in the form of cryptocurrency. Bitcoin and other cryptocurrencies have never been far from the headlines as financial markets constantly re-evaluate how much value they actually hold in comparison to traditional currencies.

Although cryptocurrencies function by using blockchain technology, these two concepts are not the same thing nor are they synonymous. Blockchain is the underlying technology that powers cryptocurrency, representing a novel solution to secure data in a transparent and secure manner through its decentralized structure. Cryptocurrencies are a manifestation of blockchain technology, with a wide-range of projects extending the use cases of this revolutionary technology through different applications and functionalities.

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

(Source: Deloitte)

Blockchain holds great potential in redefining systems by incorporating ‘trustlessness’ through a distributed network of computers that work towards a common set of goals, thereby eliminating the need for intermediaries or third parties. This would significantly streamline the data verification process, enabling fast and cheap transactions. More importantly, blockchain holds amazing potential for authenticating transitions without the need of a central authority. This empowerment that blockchain affords is one of the many reasons why industries and companies are jumping into the bandwagon to explore its possibilities.

(Read more: Category of Cryptocurrency Market: Blockchain Platform)

Does it Work?

For any technology to be realistically adopted and embraced, there must be conviction that it could actually work. The most prominent example of blockchain’s effectiveness can be seen through Bitcoin, which is regarded as the ‘founding father’ of cryptocurrencies. Bitcoin is the first decentralized cryptocurrency that was created in 2008, representing a peer-to-peer (P2P) electronic cash system that eliminates banking intermediaries. With Bitcoin, users can send value transactions globally within minutes, while paying an insignificant fee for doing so. The creation of Bitcoin is an important milestone in not only cryptography and computer science, but also the evolution of our financial system. For the first time in human history, we are empowered to participate in a decentralized system that allows us to have total and absolute control over our wealth.

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

(Source: The Bernie Group)

Though currently the major limitation of blockchain is scalability, a comprehensive amount of innovative and exciting solutions are currently being worked to enable blockchain technology to scale to massive levels.

(See also: Guide to Centralized Cryptocurrencies: What Makes a Coin Centralized?)

Industries that Blockchain Technology is Changing

The first application of blockchain technology is digital cash in the form of Bitcoin. The potential of blockchain technology lies in its versatility for a wide variety of applications and use cases across many different industries. Let’s take a look at 3 industries that blockchain is poised to disrupt:

1. Banking

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

It is ironic that banks are now starting to embrace blockchain technology, even though cryptocurrencies were first created to eliminate the reliance and trust on financial intermediaries. As much as many would argue, financial institutions will still play a vital part in our monetary system. Banks play intermediary to a bevy of financial services across the world, and blockchain will change the nature of many daily bank operations over the next decade.

By using blockchain, transferring assets between two parties that are located on opposite sides of the world work as if they were right next door to each other.

Blockchain could also help banks move currency internally within their own organizations. Banks could develop their own regulated cryptocurrencies to replace traditional dollars. Bank-centric cryptocurrencies would completely transform the way that the world interacts with money and finance. An example of a cryptocurrency that has been making waves in the banking arena is Ripple (XRP), which has partnered with an impressive number of renowned banks.

However, banking regulation moves slowly and it will probably be some time before financial institutions have the go-ahead to integrate blockchain in their services.

(Read more: Cryptocurrencies: A New Asset Class for Institutional Investors?)

2. Healthcare

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

Healthcare is an incredibly complex industry comprised of many players along the health services supply chain. Medical information and client records are siloed in individual systems across the healthcare landscape, and accessing those records remains difficult for providers and consumers alike.

Blockchain technology offers the healthcare industry a chance to store all medical information on one comprehensive database. When patients switch doctors or providers, the patient’s entire medical history would be stored in a single, easily accessible system.

Blockchain technology could lead to a medical record storage system so robust that medical history could be passed down to future generations, which could lead to new medical breakthroughs.

(See also: Crypto Beginners Guide: 5 Things Crypto Newbies Should Know)

3. Sharing Economy

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

The sharing economy – or widely known as the peer-to-peer (P2P) industry – has only begun to be recognized over the last few years, but it is important to include it on this list because of the fundamental changes that it will undergo once fully integrated with blockchain technology.

This fledgling industry will grow to monumental portions over the next few years. In 2014, the global P2P lending market – which is just one aspect of the industry – was valued at 3.5 billion U.S. dollars. Statista estimates that this market will be worth close to one trillion U.S. dollars by 2050.

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

(Source: Statista)

Uber and Airbnb are examples of companies that has consolidated their dominance in the sharing economy. These companies changed their respective sectors by undercutting traditional intermediaries such as taxi services and hotels, thereby streamlining the user experience and garnering huge profits in the process. However, most P2P services still rely on a central authority to facilitate transactions.

When blockchain hits the P2P industry in earnest, these central authorities will be completely removed from the equation. Uber and Airbnb-like services will still exist, but now consumers will have the power to deal directly with each other over a blockchain network.

As the ease of completing transactions with blockchain increases P2P platforms’ versatility, this industry will absorb many more services that were once handled by traditional business models.

(Read also: Guide to Cryptocurrency Liquidity: How to Measure Liquidity & Trade Well)

In a Nutshell

Blockchain is finding new advocates beyond the tech industry every day. But this technology still needs time to be proven and enhanced upon. As it gains traction in a comprehensive range of sectors, blockchain will shift and adapt as we find new uses for it. Many blockchain systems are currently still in their conceptualization phase, and it could be the case that its implementation and execution in the market will undoubtedly look very different from its current status today.

(You might also be interested in: Bitcoin vs Alt Coins Returns: Comparison of Gains Between Bitcoin & Altcoins Investing)

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This article is contributed by Manju Mohan has a background in computer science, economics, instructional design, and UX design. She is the CEO and Co-Founder of Ionixx Technologies – a design, web, mobile and blockchain technologies service provider. She holds a Bachelor’s degree in Computer Science and Economics from the University of Western Ontario and a Master’s degree in Instructional Technology from San Francisco State University.

Beneficial Resources To Get You Started

If you’re starting your journey into the complex world of cryptocurrencies, here’s a list of useful resources and guides that will get you on your way:

Blockchain, blockchain technology, major industries, Blockchain Technology is Changing, 3 Major Industries

Trading & Exchange

Wallets

Read also: Crypto Trading Guide: 4 Common Pitfalls Every Crypto Trader Will Experience and Guide To Cryptocurrency Trading Basics: Introduction to Crypto Technical Analysis.


Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing.

Get our exclusive e-book which will guide you on the step-by-step process to get started with making money via Cryptocurrency investments!

You can also join our Facebook group at Master The Crypto: Advanced Cryptocurrency Knowledge to ask any questions regarding cryptos!

Comments

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