Crypto Companies Will Grow Exponentially Following Rapid Developments
It's becoming increasingly difficult to put your head on everything that's currently happening because lots of companies are flooding into the ecosystem.
The financial markets are going to see a massive boost where the in-flow will be incomprehensible, the number of projects unfolding makes one wonder if all of them are fresh out of the box, or they are crypto-based rebrands, or maybe existing companies that dived into integrating and building with blockchain technology.
Developments - Changing The Way Things Unfold
Everybody in this space currently knows a couple of things when digital assets and products are mentioned and that is cryptocurrencies, NFTs, and DeFi financial products which range from yield farming to lending and lots more.
But when we say lots more, we're only referring to what we know of, but there's a lot not in our coverage!
We can't exactly dig them out because we don't know them, there are developments and project buildings being down and ongoing underground. Even publicly announced developments have limited information.
What is being built is in a million thoughts, lots of what was previously impossible will be eased by blockchain technology.
Why so?
Feeless Transactions - Blockchain Solved It.
Don't be deceived, the banking system never solved this, there isn't any "free banking" out there and with lots of things like account centralization which happens to be another blockchain solution, users are exposed to a lot of costs.
When we talk about fees we look at Hive immediately because truth be told, there are not many blockchains that can compete and not any that can currently boast of feeless transactions.
Looking at the bigger market spectrum, we see how hive is important for businesses and regular users, being able to build on a medium that allows value to flow through your business and allow for a great user experience, this is a top market bidder and many do not exactly realize how crucial it is.
What About Security and Productivity?
Most people on the outside looking in do not realize how bookkeeping can be difficult and how frustrating value data record making can be. As someone that dealt a bit with pure business studies, I know how the process can be tiresome.
The blockchain literally took away the need to constantly have an eye fixation on records, the blockchain already has this information collectively stored based on the network design. All there is to do is pull or query the appropriate or required data when need be.
In this process, data security is attained as records are handled in a more flexible manner. However, the distributed nature of blockchain adds another layer of security. Keeping chained records distributed ensures that no data is lost in a boating accident, and while also providing financial incentives to systems helping make this work, the data collected and stored can be verified as unique.
This of course is the building blocks of the ecosystem, but what's to come is far than we can comprehend. These are innovations that will likely change the financial sector, its advertising models, and the internet.
By restructuring these systems from the ground up, the economy of the world is going to see rapid changes through said developments.