Blockchain, which was originated in 2008 as the backbone of
Bitcoin, is now growing at a rate faster than the internet itself. In fact,
many people are now actively considering blockchain as one of the most
promising new technologies of our time. So, what is so special about blockchain
that makes it such a great technology and adds to its rapid growth? Let’s find
out.
Blockchain was invented as technology to support the
development of digital assets. Its standard features included decentralization,
fast speed of transactions, security and anonymity. Thanks to these features,
blockchain has now become a technology the uses of which go beyond the digital
asset world.
Even though digital assets are becoming mainstream very fast,
many experts believe that blockchain as technology will become more significant
in the long term. Wondering why?
Well, the main reason behind the popularity and growth of
blockchain is a number of applications, based on this technology, that have
already become successful in their respective fields. The interesting thing is
that blockchain, which was originally meant for faster digital transactions, is
now being used in a wide range of applications which even differ from the
original digital asset concept. In fact, the continuous evolution in this field
has proved that bitcoin was just one application of the blockchain technology,
which has a much bigger future.
There are a number of organizations, including startups, around
the world that are working on developing or have successfully developed
blockchain based decentralized applications (DApps), platforms and ecosystems.
One of the best examples of the growth of blockchain technology and its
applications for the benefit of the actual world is Era Swap Ecosystem. Let’s
try to understand the growth of blockchain with the example of Era Swap.
Era Swap is a blockchain powered ecosystem that consists of a
number of platforms designed to perform various tasks in the ecosystem. For
instance, there is the Time Swapper Platform which is a p2p marketplace for
traders to exchange various services in the form of tokenized time. The benefit
is that there is no middleman so a service provider can be assured of the
maximum value for their time. There are various other applications, such as Era
Swap Wallet for storing and trading digital assets, ComputeEx - a one-in-all
global crypto exchange, and the TimeAlly Smart Contract for controlling the
demand and supply of the Era Swap Token (EST).
Visit: http://www.blocklogy.org/
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