Why we use blockchain

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HubertMon
Posts: 140
Joined: 24 Dec 2021, 13:42

Re: Why we use blockchain

EdwardNy wrote: 06 Jan 2022, 13:53
Vincent wrote: 05 Jan 2022, 20:02
lindapowell wrote: 27 Dec 2021, 17:53

No its about which platfrom uses which blockchain since there are many of them
Most of them use ETH blockchain since they aren't very big to have their own blockchain
This one uses Opensea blockchain so ETH is not that common
Does opensea have its own coin?
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GeorgeLakeman
Posts: 130
Joined: 25 Dec 2021, 13:11

Re: Why we use blockchain

Vincent wrote: 05 Jan 2022, 20:02
lindapowell wrote: 27 Dec 2021, 17:53
FlatcherMI wrote: 24 Dec 2021, 12:12

Are not all platforms with crypto and NFT trading use blockchain? Some do not? Explain this concept in details please
No its about which platfrom uses which blockchain since there are many of them
Most of them use ETH blockchain since they aren't very big to have their own blockchain
Well that doesnt mean they are poor. Maybe the want thing to be that way doesnt every platform has to do its own
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GeorgeLakeman
Posts: 130
Joined: 25 Dec 2021, 13:11

Re: Why we use blockchain

HubertMon wrote: 13 Jan 2022, 16:47
EdwardNy wrote: 06 Jan 2022, 13:53
Vincent wrote: 05 Jan 2022, 20:02

Most of them use ETH blockchain since they aren't very big to have their own blockchain
This one uses Opensea blockchain so ETH is not that common
Does opensea have its own coin?
As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
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PeteHugh
Posts: 210
Joined: 22 Dec 2021, 09:47

Re: Why we use blockchain

HubertMon wrote: 13 Jan 2022, 16:47
EdwardNy wrote: 06 Jan 2022, 13:53
Vincent wrote: 05 Jan 2022, 20:02

Most of them use ETH blockchain since they aren't very big to have their own blockchain
This one uses Opensea blockchain so ETH is not that common
Does opensea have its own coin?
Yes they do. But its too weak do not recommend having it
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PeteHugh
Posts: 210
Joined: 22 Dec 2021, 09:47

Re: Why we use blockchain

GeorgeLakeman wrote: 21 Jan 2022, 18:26
HubertMon wrote: 13 Jan 2022, 16:47
EdwardNy wrote: 06 Jan 2022, 13:53

This one uses Opensea blockchain so ETH is not that common
Does opensea have its own coin?
As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
Exactly. All zero coins have no meaning and basically just trashing you crypto wallet
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John_ji
Posts: 140
Joined: 25 Dec 2021, 10:53

Re: Why we use blockchain

GeorgeLakeman wrote: 21 Jan 2022, 18:26
HubertMon wrote: 13 Jan 2022, 16:47
EdwardNy wrote: 06 Jan 2022, 13:53

This one uses Opensea blockchain so ETH is not that common
Does opensea have its own coin?
As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
I do not recommend trading with opensae coin it about zero everytime and it doesnt value anything
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John_ji
Posts: 140
Joined: 25 Dec 2021, 10:53

Re: Why we use blockchain

PeteHugh wrote: 29 Jan 2022, 15:54
GeorgeLakeman wrote: 21 Jan 2022, 18:26
HubertMon wrote: 13 Jan 2022, 16:47
Does opensea have its own coin?
As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
Exactly. All zero coins have no meaning and basically just trashing you crypto wallet
And you are paying uncomparable gas fee for so small amount of coins
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John David
Posts: 1
Joined: 31 Jan 2022, 11:31

Re: Why we use blockchain

Blockchain is a decentralized network of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.
Since the introduction of Bitcoin, Blockchain Technology has evolved greatly around the world. Today, innovators in various fields are realizing the benefits of the technology beyond Bitcoin. Several organizations from medicine to finance are searching for news to integrate blockchain technology into their infrastructure.
Let’s have a look at some real-world examples of blockchain technology in action:
    Eliminating middle man- Blockchain Technology is now being used by many organizations to cut out the middleman and create a secure, decentralized way for service providers and customers to connect and transact safely and directly.
      Reviving Healthcare Industry: Blockchain has a wide range of applications and uses in healthcare. The ledger technology facilitates the secure transfer of patient medical records, manages the medicine supply chain and helps healthcare researchers unlock genetic code.
        Enhancing Banking & Transaction Facilities: Blockchain has the potential to allow banks to settle transactions directly and keep better track of them than traditional methods. A standard bank transfer takes a few days to settle due to the way our financial system was set up.
          Smarter Supply Chain: Knowing the status, condition and provenance of every product on your supply chain is key for businesses – and, for consumers, provenance is becoming an increasingly important issue.
            Offer Efficiency In The World Of Insurance: Blockchain-enabled smart contracts have the potential to revolutionize insurance claims by ensuring only valid claims are paid out.
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            HubertMon
            Posts: 140
            Joined: 24 Dec 2021, 13:42

            Re: Why we use blockchain

            PeteHugh wrote: 29 Jan 2022, 15:54
            GeorgeLakeman wrote: 21 Jan 2022, 18:26
            HubertMon wrote: 13 Jan 2022, 16:47
            Does opensea have its own coin?
            As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
            Exactly. All zero coins have no meaning and basically just trashing you crypto wallet
            Yes they annoy me so much. What is the purpose of them in the first place?
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            HubertMon
            Posts: 140
            Joined: 24 Dec 2021, 13:42

            Re: Why we use blockchain

            John_ji wrote: 04 Feb 2022, 19:17
            PeteHugh wrote: 29 Jan 2022, 15:54
            GeorgeLakeman wrote: 21 Jan 2022, 18:26

            As much as i know yes but it is not so valuable and smal its almost zero so just better buy ETH
            Exactly. All zero coins have no meaning and basically just trashing you crypto wallet
            And you are paying uncomparable gas fee for so small amount of coins
            Gas fees depend on the amount so they wont charge you more than you buy
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