Description
The vast majority of the population associates Blockchain with cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. In this discussion, please describe at least two cryptocurrencies with applicable examples. Discuss some similarities and differences. Lastly, discuss if you have any experience using any cryptocurrencies.
A substantive post will do at least two of the following:
Ask an interesting, thoughtful question pertaining to the topic
Answer a question (in detail) posted by another student or the instructor
- Provide extensive additional information on the topic
- Explain, define, or analyze the topic in detail
- Share an applicable personal experience
- Provide an outside source that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
- Make an argument concerning the topic
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
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Blockchain and cryptocurrency applications
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Blockchain and cryptocurrency applications
Introduction
In recent years, numerous technological developments have occurred. These technologies
have focused on developing new approaches and techniques for handling daily operations.
Blockchain is one of these technologies that many businesses and individuals have used in
fostering their daily operations.
Discussion
Two of the commonly used cryptocurrencies today are bitcoin and Ethereum. These
crypto solutions have been developed to facilitate digital payments by decentralizing
conventional monetary systems. These cryptocurrencies' primary advantage is that they enable
users to make payments regardless of location because of the decentralized attribute (Lee, 2019).
Conclusion
I have limited experience with cryptocurrencies. However, I have researched numerous
articles about cryptocurrency and blockchain, which have offered me new knowledge and
insights about their application areas.
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References
Hamledari, H., & Fischer, M. (2021). The application of blockchain-based crypto assets for
integrating the physical and financial supply chains in the construction & engineering
industry. Automation in construction, 127, 103711.
Lee, J. ...