Crypto With Potential To Be Efficient And Cost Effective Than Trad. Finance
The cryptocurrency has the potential to be a replacement to traditional finance due to how efficient and cost effective it is for which digital assets would gain a wider adoption. In an explanation which was given by Marc Andreessen which he explains how possible it will be for blockchain and crypto technology to disrupt the traditional financial system- which he says that the blockchain and cryptocurrency and web3 could be bigger than the internet itself.
And if you actually understand what’s happening and Marc Andreessen said this better than me, he invented the Netscape browser [and he] is a big part of web1. He said, ‘Okay, this is bigger than Web1. Why? Because it’s going to dis-intermediate transactions. It’s going to take third parties out of the system. There’s going to be a lot of costless things that happen, where fees that were once charged by banks and other intermediaries won’t be able to be charged because the technology is so good.’
We don’t trust each other, but if you have technology that you don’t need to trust each other and you can have this trustless bilateral system where I can transfer value to you, you can transfer value to me without a third party, there will be ridiculous levels of cost savings and there will be ridiculous levels of economic innovation that get unleashed.
Closely he’s contribution on the podcast which he says that the sky it’s far beyond the limit for digital asset sectors, has giving a couple of years from now the market capitalization will appreciate greatly.
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LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows eusers and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura
Posted Using LeoFinance Alpha