With the widespread and continuous spread of technology and its entry into all details of our daily life, there has become a greater need to develop new solutions and technologies capable of maintaining the security and privacy of user data, which has become more important today, and blockchain technology has had a large share in this aspect due to its high efficiency and effectiveness in preserving On the information that is exchanged through its various platforms, and as a result, its uses and applications have diversified to include many other important aspects.
Today, it has become possible to include blockchain technologies and benefit from them in many different areas, so that some of their applications are able to provide features and services that cannot be obtained using traditional technologies and systems, thanks to their decentralized nature and their ability to work without the need for a central authority to control them. If you want to try blockchain or take a look at what it can achieve, follow this article with us, where we will talk about the top 10 things you can do with this technology in several areas.
Top 10 things to do with blockchain
Transfer money without hiring a third party
Perhaps the most important problem associated with traditional money transfer systems today is the necessity for a third party to handle the process, which means that your data and even your money may be subject to many risks that may face the third party responsible for it, but with blockchain there are many ways that can be During which money is transferred between two parties without the need for anyone to organize the process.
Platforms are considered digital currencies of various types that rely on Block Qin , such as the composition and Aithiriom and Ribble are the most prominent example of this, as the basic feature provided by users is the ability of the exchange of digital currencies between the parties in addition to many other benefits and features of course.
The ability to own a lot of assets digitally
Decentralized blockchain platforms come with a lot of benefits given that they are not affiliated with any authority or company that can control them, and therefore your possession of some digital assets such as digital currencies within your own wallet means that you will be the sole controller of these assets, as they cannot be seized, tampered with or restricted. In any way, there are also no restrictions on its purchase, and today it is also possible to own digital assets of another type that represent the value of a real asset such as real estate, as is the case with security tokens.
The possibility of making profits in easy and simple ways
The point here is the rewards that some get by participating in some practices related to digital currencies, and if you think that mining through high-performance computers is the only way then you are completely wrong in this aspect, as many applications and services have started offering some rewards in currencies Digital like the Brave browser for example, and there are many new forms of mining that depend on the Proof-of-Stake algorithm, so that all you need to do is freeze a certain amount of a digital currency within your wallet.
Buying and selling various products without using any platform or intermediary
Various products can be bought and sold on the Internet and exchanged between individuals easily without the need for a middleman to manage the process, and while it may seem at first glance similar to what the eBay store offers, relying on blockchain in this area will give more freedom without any restrictions such as forcing users On a specific payment method, for example, through Decentralized E-Commerce platforms such as QuuBe and BitStash.
Share part of your storage for profit
It is possible to do so through the use of a platform cloud storage decentralization (Decentralized Cloud Storage) such as Siacoin platform, as it allows you to share part of the memory storage is used on your computer to allow users to take advantage of them in exchange for payment of a certain subscription depends on the quality of the service and the space that will be able to It is submitted, relying on the Proof-of-Storage protocol that regulates this process and prevents fraudulent practices.
Store content on the blockchain without worrying about it being lost or accessed by anyone
You can do this also through decentralized storage platforms, as there are many options available to store your data away from known cloud services, so if you want to store with more than one person or store the same data in more than one place, you will find what suits you with different prices according to the quality of the service that you You want, so you won't have to worry about data loss or being able to access it by anyone since it will be fully encrypted.
Trade digital currencies without intermediaries
The well-known cryptocurrency trading platforms are the first place for everyone to trade cryptocurrencies, and despite their great effectiveness in this field, they still threaten the safety and privacy of users due to the fact that they play the role of mediator in this process, especially after they have become highly targeted by hackers. To avoid these problems, it is possible to use decentralized trading platforms (DEX) that do not belong to any particular party or authority and do not expose users' data and digital assets at risk, but it should be noted that most of these platforms still lack some features, the most important of which is not support for trading a lot of currencies.
Contribute to the growth of a specific project
Most blockchain projects benefit from the increasing number of their users, as the network itself depends on a large number of participants connected to it through the Internet, and in the case of new projects that are unable in their early stages to provide real profits or any other benefit to users, it may be It is difficult to convince them to contribute voluntarily, but if you find a project that you think is important in your opinion, it may sometimes be a good idea to participate in it without waiting for a financial return.
At the present time, the Pi Network project, which adopts the idea of mining from smartphones, can be considered one of the most prominent examples of this, as it aims to make mining available to everyone without the need to own high-performance computers or any other equipment, but in the current period it is still under development and cannot provide any Profits for miners and participants in its network, and according to the official Pi Network website, the coins obtained by miners today (which are still without value at present) will be able to use them upon the launch of the last phase of the project.
Granting loans directly without intermediaries
Today, thanks to the applications of decentralized financing (DeFi), it has become possible to grant or obtain loans with a level of freedom greater than what we are accustomed to with traditional financial systems, as individuals are able to agree among themselves on the loan, its guarantee, the interest rate and the type of digital currency without the need to rely on any intermediary Through smart contracts, the terms of the loan are agreed upon.
Posting content away from the restrictions imposed by central platforms
Many content creators suffer from the many restrictions imposed by the publishing platforms they deal with, and they lose a good percentage of their profits to these platforms permanently, but if a sufficient number of them move to decentralized publishing platforms, this may greatly help solve some problems They direct them, as these platforms give more freedom and do not impose unreasonable restrictions on the type of content that is published, and they allow content creators to keep most of their profits as well, and the Lbry.tv network is one of the most prominent examples of this, as it is considered a decentralized alternative to the sharing platform. Famous YouTube video.
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