Cryptocurrency is one of the particular aspects of blockchain, but not the only one.
The cryptocurrency market is developing very rapidly. More and more people are getting involved in this market. Someone gets richer, someone gets poorer. This way it is very similar to the classical stock market. Since it is linked with higher risks, many people are cautious about it, including regulators.
However, cryptocurrency is just one of the various ways of using blockchain technology. The technology itself can do much more than just provide passing coins to one another without intermediaries.
First of all, blockchain has opened up an opportunity for all participants to play by the same rules, on equal terms with system administrators. Indeed, one person is the creator of a project, such as a blockchain game, but then he plays by the same rules as all players. Blockchain never fails to track it. It does not let anyone break the rules, even the creators of the project.
Secondly, blockchain has provided an opportunity to own. This is what web2.0 couldn’t provide. A bank is set up on everybody’s telephone, but do we own the figures displayed by the balance? Can anyone change it unilaterally? He certainly can! All those numbers are stored on computers and can be deleted, changed and blocked just like ordinary files. That can be done by the bank administrators. But blockchain does not allow this! Your figures can not be changed by the administrators. And you yourself can not change them for higher ones. You manage what you own. This is ensured by blockchain technology. And this is what web3.0 is.
Just imagine what kind of opportunities this technology provides apart from cryptocurrency! The financial sector is using the blockchain extensively because all the participants want to play by the same rules of the game. As a result, we have obtained cryptocurrency. The art market wants to know who an artwork belongs to and to have rules for buying/selling it. As a result, we have obtained NFT.
How many more rules will the blockchain help to secure? Game rules, trade rules, rules of property devolution. You surely can list many spheres where rules are broken in certain situations. And it is done by the leading countries. Pay attention to the UAE where most of the bureaucracy has been switched to the blockchain.
Moneta Today company keeps monitoring the blockchain technology market carefully. Right now we are developing a blockchain game Honeywood. The beauty of the game is that all the players can play by the same rules that are initially set. There is no way of breaking them even for us because blockchain tracks it. Apart from the game sphere, we also analyze the media market, the market of messengers, and the NFT market. We intend to actively develop these spheres.
Essentially, blockchain has made it possible to create shared products that are common and transparent. This is a real breakthrough, and it is up to us to see its strength and future power!
Join the new announcement channel and Telegram chat of the Honeywood game:
https://t.me/honeywood_game
https://t.me/honeywood_chat
