can metaverse work without blockchain?
Posted: 23 Nov 2022, 09:32
Blockchain is basically a large database that records cryptocurrency transactions on its 'ledger'. Presently, the main purpose of this ledger is to allow token holders to confirm that their tokens have not been double-spent, while also allowing users to have access to their tokens (or in some cases blockchain assets) through smart contracts and decentralized apps.
This is excellent for people who are used to operating within a digital economy where they don't have to worry about holding physical assets.
However, as blockchain projects become more famous and transactions grow, the recording of transactions also increases. This means that blockchain usage is growing exponentially. Additionally, as with other technological innovations, blockchain can begin creeping into other industries that aren't necessarily involved in crypto trading or digital assets.
Metaverse is a vast concept and blockchain technology like various other emerging technologies is expected to be a part of it. Likewise, the GDCC Blockchain ecosystem Just launched GDC World-A Virtual Community on GDCC Blockchain Ecosystem.
In simple terms, it is the collection of several different technologies brought together to function in harmony and redefine how we interact with the internet.
This is excellent for people who are used to operating within a digital economy where they don't have to worry about holding physical assets.
However, as blockchain projects become more famous and transactions grow, the recording of transactions also increases. This means that blockchain usage is growing exponentially. Additionally, as with other technological innovations, blockchain can begin creeping into other industries that aren't necessarily involved in crypto trading or digital assets.
Metaverse is a vast concept and blockchain technology like various other emerging technologies is expected to be a part of it. Likewise, the GDCC Blockchain ecosystem Just launched GDC World-A Virtual Community on GDCC Blockchain Ecosystem.
In simple terms, it is the collection of several different technologies brought together to function in harmony and redefine how we interact with the internet.