HELLO FROM THE METAVERSE ALONG THE BLOCKCHAIN BRIDGE

Change is inevitable. With this knowledge are your choices retroactive or reactive?

–          VisionPioneer

{key facts}

o   What is a blockchain?

o   Intro to Bitcoin

o   The growth of the digital financial system

As the title suggests, join me on this journey through the growth of the evolving digital economy and the death of modern financial institutions.

Now you might ask “but why crypto?”, and a quick response would be because of blockchain technology. A framework that seamlessly transfers and securely stores digital property and assets on a digital chain. This becomes possible with the help of miners or (PCs’) that process the transaction(s) into a block. Once a block is filled with data, it is then added to the chain, thus forming the blockchain. Transactions can be reviewed.

BITCOIN

Bitcoin was introduced back in 2009 by the pseudonymous  Satoshi Nakamoto. Being the first popularized blockchain that was built upon the initial ideas of others such as a Merkle Tree, proof-of-work, and hashcash.

Instead of it being complicated, let’s just keep it stupid simple   :-*

Think of blockchain technology literally as an organized network of individual {blocks} of info connected by a digital chain. It’s a database of blocks of info of completed transactions.

It stores irreversible recorded info by still providing anonymity through voted protocols. Believe it or not, currency such as the US dollar is a “fake” asset. How can you manage to maintain something that can, and currently still is being printed at free will? Printing more cash to offset outstanding debt does not seem like the most efficient option.

Blockchain technology has the possibility to create a mathematical set total number of shares of an asset. For example, Bitcoin is capped at 21,000,000 ever to be created; thus creating a sense of scarcity and value. Many would consider Bitcoin to be the digital gold. Honestly, Bitcoin being the first truly popularized blockchain out there, its name holds value like brands such as Gucci, Louis Vuitton, Audemar Piquet, and Nike to name a few. Like whom wouldn’t want to associate with that type of value?

I would even go as far as to work the analogy of Bitcoin as a train going up and down mountains, through various terrains. When are you stepping unto the train? But also consider this to be a value move, but neglect the fact that Bitcoin is old technology that doesn’t meet the demands of the new digital financial system.

Not to say that Bitcoin at certain buy points, wouldn’t be a great value buy, but there are other more exciting blockchain technology since then that we shall explore together through this research.

BLOCKCHAIN

Now we know a blockchain to be a database or digital ledger. Let’s explore some examples of the kind of assets move across and the pros and contras. A digital currency such as Bitcoin, Ethereum, USD coin, and Tether can be seen being transferred and recorded on the chain. Where contracts are initiated and completed, non-fungible tokens such as a club membership or artwork; or even digital real estate and game assets can be found on the chain as well. A network that can systematically process transactions, has reserved protocols, and consensus voting rights to ensure a safe plausible digital economy. Throughout this journey we shall learn about different ones including:  Bitcoin, Ethereum, Solana, XRP to name a few.

DIGITAL ECONOMY

It can’t be that hard to believe our evolution into the digital economy. Not that the complete physical world is to be discarded, but fiat currencies such as the US dollar is coming to an end. A fake asset that depreciates in value every year, where a saver becomes the loser. I’d rather focus my “stored income” into assets with the possibility to produce income. Passive, even better.

Crypto is that digital currency with the means of making data and assets flow throughout the blockchain. Think of when traveling to another country that has its own fiat currency, which imposes the need to convert your current currency. Where crypto can be easily exchanged provide different use cases.

The leap is too close when we begin to consider the increased use of credit cards and online banking, or even the in-game purchases of game assets and game tokens. Little do we know, that we as a society are moving closer to becoming a truly digital economy.

Welcome to the Metaverse and non-fungible tokens. A framework set (a digital ledger) where coins and tokens hold some value and allows for the transferability and recording of data and assets. All of this is done in a space called the Metaverse, where everything from banking operations, investment opportunities, digital asset collection, performed contracts, digital signatures, club memberships, gaming skins and assets can be found and verified.

Where a whole new meaning to digital ownership and ways to make money are being redefined.

But alas, no fear, as we shall journey and learn this new world together. This is the future, it is already here and will only get better and bigger. Let us adapt and be ahead of the curve.

Where can a blockchain exist? Let’s explore Web 3.0.