Technological Convergence And How It Applies To Crypto
We certainly are living in interesting times. Convergence in technology is something that bears watching. It is one of the most powerful things in effect. Cryptocurrency and blockchain are no exception to this.
In this video I discuss how convergence works as well as the impact on cryptocurrency, in general, and Hive, in particular.
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Very good post and educational at that. Thanks for sharing. I do believe blockchain and crypto will change dynamics around the world unless we allow the "powers that be" start controlling the blockchains and influencing it like what happened to another blockchain we do not speak of.
Summary:
In this video, Task discusses the concept of convergence, particularly in the context of Hive and cryptocurrency. He explains how convergence involves the merging of different technologies or projects that are focused in a similar direction, creating something greater when combined. Task illustrates this idea using the example of the smartphone, which combined mobile communications, computing, and the internet. He then delves into how DeFi (Decentralized Finance) is an example of convergence in the cryptocurrency space. Task emphasizes the importance of development, decentralized projects, and the power of exponential growth through convergence in driving the growth of technologies like cryptocurrency and platforms like Hive.
Detailed Article:
Task, in this video, provides a comprehensive explanation of convergence, relating it to technological advancements and grassroots projects such as Hive and cryptocurrency. He starts by discussing the concept of technological convergence - the merging of different technologies to create something more powerful. The example of smartphones is used to illustrate how the convergence of mobile communications, computing, and the internet revolutionized the tech industry.
Moving on to cryptocurrency, Task highlights the role of convergence in the world of decentralized finance. He reflects on the evolution of DeFi and how various projects and developments within the crypto space are converging to create new and innovative solutions. Task mentions the importance of open-source projects, decentralized development, and the lack of central authority in driving the growth and progress in blockchain and cryptocurrency.
Task then shifts the focus to Hive, a blockchain platform, and how convergence is taking place within its ecosystem. He discusses the development of Hive Engine, the emergence of different tribes within Hive, and the success of projects like Leo Finance. Task emphasizes how different projects like Leo Finance, Hive Stats, and Leo Shop are converging within the Hive ecosystem, resulting in a more powerful entity collectively.
Furthermore, Task explores the potential for further convergence within Hive, such as the integration of Metamask and the creation of wrapped tokens. He illustrates how the merging of different projects and technologies within Hive can lead to exponential growth and enhanced user experiences. Task underscores the importance of community engagement and development in driving the convergence and growth of platforms like Hive.
In conclusion, Task emphasizes the significance of convergence in driving the growth of technologies like cryptocurrency and platforms like Hive. He highlights the power of exponential trajectories and the potential for explosive growth through the convergence of standalone technologies or projects. Task expresses optimism about the future growth of cryptocurrency, underlining the importance of exponential user growth and the role of convergence in fostering innovation and development in the industry.