CRYPTOCURRENCY SPARKING A WAVE OF GLOBAL TRANSFORMATION

Posted by Deb Williams on June 27, 2020 - 6:38am Edited 6/27 at 9:24pm

CRYPTOCURRENCY SPARKING A WAVE OF GLOBAL TRANSFORMATION

The future of finance is being redefined as cryptocurrency is becoming a thriving ecosystem, quietly encroaching on the territory of traditional finance institutions’. 

Over the last five years, Bitcoin users and transactions have averaged a growth rate of nearly 60% per year. Similarly, private and public investors have deepened their commitment to cryptocurrencies including Ethereum, Ripple (XRP), Stellar, and the upcoming Markethive Coin (MHV) along with a number of other cryptos across different sectors of the industry.

We are most definitely heading towards decentralized communities. Countries all over the world are taking notice of cryptocurrencies, particularly the countries that have suffered hyperinflation. One prime example is that of Venezuela, where inflation soared, trust in the national government policy, and currency plummeted led to a rise in the interest of cryptocurrencies.

 

Cryptography Begets Cryptocurrency

Cryptocurrency has erupted into a $200 billion industry, sparking a wave of what is seen as a global disruption, however, in many ways a savior in this world of oppression and the autocratic system that society has been subject to. 

There is a rich history of innovation at the heart of cryptocurrency and blockchain. One of the core elements being cryptography and dates back to ancient times of nearly 4000 years ago in Egyptian and Mesopotamian writings only to enhance its linguistic appeal. 

Cryptography has been used throughout the course of history and evolved into being used to protect sensitive information with analog cryptography used in WW2. The science of cryptography continued to advance progressively throughout the centuries. It’s come a long way since then and as long as there is a need to protect sensitive data cryptography will continue to advance. 

Beginning in 1990, an entirely new form of cryptography, dubbed quantum cryptography, was under development by computer scientists hoping to once again elevate the level of protection offered by modern encryption.

Then came cryptographic techniques used to make cryptocurrencies possible. Cryptocurrencies leverage several advanced cryptographic techniques, including hash functions, public-key cryptography, and digital signatures. These techniques are used primarily to ensure the security of data stored on blockchains and to authenticate transactions.

 

 

Since then, a series of key events have continued to shape the sector

Year     Event

2009    Satoshi Nakamoto mines the first Bitcoin on a decentralized network


2011    Litecoin launches


2012    Ripple is founded


2013    The price of a single Bitcoin reaches $1,000


2015    Ethereum launches, introducing smart contracts into the crypto ecosystem


2017    Over 1,000 cryptocurrencies listed


2017    Bitcoin's price rockets past $10,000, reaching a peak just shy of $20,000


2018    EOS offers a blockchain-based infrastructure for decentralized apps (DApps)


 2019    Markethive, the first Blockchain-based Market Network introduces crypto coin (MHV)                 

 

Now, there are over 5,000 cryptocurrencies in circulation, some will stagnate and peter out and others will soar as they are built on innovative applications and have real use-cases giving rise to a rapidly evolving ecosystem.

 

The infographic below displays a cross-section of cryptocurrencies, stakeholders, and core applications across a sector that’s continuing to grow more important as we see the economic climate change dramatically.

 

Setting The Stage For The Bigger Picture

As cryptocurrency and blockchain technology continues to gain momentum, its longer-term ramifications will be a focal point. Essentially, its cryptographic foundation sets the stage for future developments in a financial economy.

  • Privacy

Anonymized transactions protect users’ data through cryptographic techniques.

  • Access

Providing a new financial model for 1.7B unbanked individuals around the world.

  • Efficiency

Steep reductions in settlement time and efficacy could save consumers $16 billion annually.

  • Security

Providing immutable, traceable records of security-rich transactional networks.

  • Programmable Money

Smart contracts could drastically eliminate manual and administrative work⁠, ultimately bypassing them altogether.

 

The Practical Advantages Of Cryptocurrencies

The cryptocurrencies of today go beyond just replacing cash. This new token-based economy is evolving, with unique solutions emerging in finance, security, identification, social engagement, the marketplace, digital media, and ownership. Cryptocurrencies are adding both value and utility to the digital economy, and to the global financial market as a whole.

  • Payments

Digital cash can be used for both ecommerce and brick-and-mortar retailers for purchasing goods without the need for a trusted third party. 

  • Store of value

A new form of scarce native currency and a means of settlement.

  • Global Transactions

Borderless money that enables easy conversion between currencies.

  • Stablecoins

Crypto version of fiat which is tied to the value of resources like gold or the U.S. dollar.

  • Digital ownership

Digital handling, storage, and monetization of data.

  • Alternative finance

Digital assets such as collectibles, commodities, and tokenized securities

  • Decentralized utilities

Crypto-enabled networks, products, and services that exchange between assets.


 

Four Projects Set To Rock The Landscape

Cryptocurrency and blockchain offer cutting-edge advances that are diverse and transformative. These are just a few of the ways cryptocurrencies are breaking down barriers for people and companies worldwide, allowing them to grow personal wealth and enter the global market.


SPEDN auto-converts crypto to fiat for merchants, reducing exchange rate risk while offering convenient customer payment options. SPEDN makes it possible to spend Bitcoin and other cryptocurrencies without needing to cash out to fiat currency or load a plastic card.
 SPEDN currently supports Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), the Gemini dollar (GUSD), and Zcash (ZEC), with many more coins coming soon.

 


ECOSC is a Malta-based company and has designed a platform using blockchain technology to embrace the oil and gas minerals and all products for trade. It is a global, decentralized supply chain management solution that aligns stakeholders, vendors, and buyers with the strategic management of supply and demand outcomes with cryptocurrency assets. 

ECOSC will reduce the risk of human error, counterfeiting, and fraud. It means less time will be spent processing documents and reconciling, which will increase the transaction process speed.

 


Blockchain Foundry provides custom blockchain consulting, development, and integration solutions that help leverage blockchain technologies. This firm targets governments and enterprises in need of customized blockchain solutions. 

Blockchain Foundry’s mission is to disrupt markets by leveraging the potential of blockchain technology. It eliminates middlemen, clearinghouses, and other mechanisms that can lead to errors, security breaches, or negatively affect your bottom line.

 


MARKETHIVE Market Network incorporates social media, digital media, ecommerce, ewallet, and inbound marketing that enables entrepreneurs, business professionals, commercial artists, etc, to utilize a blockchain-driven state of the art platform that encompasses every aspect of inbound marketing and social media engagement where it rewards all users’ activity with MHV and allowing all users’ to prosper on many levels. 

With the ability to take advantage of the many cottage industries within the ecosystem brings financial sovereignty, privacy, autonomy to every individual with a genuine opportunity to be in control of your future with peace of mind and set to champion the social media and internet marketing industry. 

 

The Blockchain Crypto Industry Is Expanding 

Worldwide, the numbers show that blockchain-based technology and cryptocurrency use is growing. Blockchain wallet users rose from nearly 9 million in 2016 to over 47 million recorded in March 2020.

Only 100 decentralized apps (DApps) were produced by developers in 2015. with that number skyrocketing to over 3,118 by 2020.

Overall, cryptocurrencies are helping to create an innovative and accessible financial system around the world giving back freedom and autonomy to the community at large. 

 

“Cryptocurrency deserves an opportunity to find a sustainable future in our economy.”
                                                                                     Adena Friedman, President & CEO of NASDAQ

 

While the future of the new cryptocurrency economy is still taking shape, one thing is for sure, cryptocurrencies are infinitely changing the way we view and measure the value of money.

Grounded in decentralized and autonomous systems, cryptocurrencies are having an unprecedented effect in the financial world. Ultimately, cryptocurrencies will help to transform finance as we know it, delivering a slew of investment opportunities across the global economy and a more secure, autonomous way to engage and conduct business online. 

 


 

ecosystem for entrepreneurs

 

 

Deb Williams
A Crypto/Blockchain enthusiast and a strong advocate for technology, progress, and freedom of speech. I embrace "change" with a passion and my purpose in life is to help people understand, accept, and move forward with enthusiasm to achieve their goals. 

 

 

Great Article
June 27, 2020 at 6:54am
I am always impressed with your writing. Markethive is truely blessed!
June 27, 2020 at 11:16am
Fantastic post Deb. Very informative and makes me want to learn all I can about the wonderful world of crypto.
June 27, 2020 at 12:23pm
Thanks Deb for the good info.
June 27, 2020 at 4:46pm
Great info Deb, thanks
June 27, 2020 at 4:54pm
awesome...
June 27, 2020 at 9:23pm
Great work Deb
June 27, 2020 at 11:14pm
We are the future. Crypto and blockchain are here to stay, and Markethive is on top of it's game in getting ahead. Thanks Deb for another amazing post.
June 28, 2020 at 12:22am
Another great article Deb. Thank you for your dedication and wonderful writing skills
June 28, 2020 at 4:54am
Thank you very much.
June 28, 2020 at 6:44am
For sure markethive will be at the top. Thank you very much.
June 28, 2020 at 8:03am
Transacting cryptocurrencies over a secure decentralised blockchain is quietly taking over traditional finance; cutting out the middleman and saving those facing oppression and hyperinflation. The MHV Coin is set to revolutionize the inbound/network marketing space. Superb explanation of cryptocurrencies Deb, thank you.
June 28, 2020 at 8:48am
Good information, it certainly seems that cryptocurrencies are here to stay.
June 28, 2020 at 1:02pm
Great article, Deb. Cryptocurrency is finally gaining its stronghold. In the not-too-distant future mhv will be one of the top cryptocurrencies in the market.
June 28, 2020 at 5:10pm
Thanks
June 28, 2020 at 6:36pm
Great article Deb
June 28, 2020 at 7:45pm
Thanks again Deb, Your information is continuing to provide the community, and others valuable knowledge to make and learn more about the world of cryptocurrency.
June 28, 2020 at 9:15pm
Thanks Deb. Your articles always deliver additional understanding and perspectives about the topics you write about.
June 28, 2020 at 11:18pm
Great work, very well explained thank you Deb
June 29, 2020 at 7:29am
There is so much to learn about cryptocurrency and blockchain technology in today's ever changing world and Markethive can definitely be one of the leaders when it comes to educating the general public on how this will affect our daily lives, both in the present and future. MHV is probably the first introduction for many into the world of cryptocurrency. Thanks for sharing this great post, Deb!
June 29, 2020 at 11:34am
Cryptocurrency, the wave of the future
June 29, 2020 at 9:17pm
Good
June 30, 2020 at 11:16am
Really enjoyed the article. Great info
June 30, 2020 at 1:12pm
Good
June 30, 2020 at 1:59pm
Great blog, thanks.
June 30, 2020 at 4:03pm
Thanks
July 1, 2020 at 1:59am
Thanks Deb another high impressed parts of the Blog must share with our group membes, too. Have a Nice Magic July, God Bless You and Markethive.
July 1, 2020 at 8:56am
BLESSED MARKETHIVE
July 3, 2020 at 6:55am
nice article
July 3, 2020 at 7:57am
good
July 3, 2020 at 10:06am
Good
July 3, 2020 at 10:06am
Good afternoon. Thanks Deb. Good info.
July 4, 2020 at 7:02am
Great work Deb, thanks
July 4, 2020 at 7:04am
great info
July 4, 2020 at 9:57pm
Excellent article Deb as always
July 5, 2020 at 2:51am
Really enjoyed the article. Great info
July 5, 2020 at 5:36am
Good info
July 5, 2020 at 12:02pm
Great write up
July 5, 2020 at 3:34pm
Thanks for writing a very informative article. It is my first exposure to cryptocurrency.
July 5, 2020 at 10:16pm
very nice thanks :)
July 5, 2020 at 11:26pm
Great blog
July 6, 2020 at 6:46am
Good afternoon thanks.
July 6, 2020 at 6:50am
V goof
July 7, 2020 at 6:29am
good
July 7, 2020 at 7:11am
Good article
July 9, 2020 at 2:37pm
ths for info
July 10, 2020 at 3:45pm
nice
July 10, 2020 at 3:52pm
Great
July 10, 2020 at 6:37pm
mhv is not on most exchanges but it may get there - Every one who is studying and using this space of crypto -
knows it has changed the world's financial markets - meaning billions have been spent in this area - even bigger spaces of forex have been changed because of what is currently being done in crypto markets - so keep learning and working in this space it will eventually pay off! Even the US government is working a us digital dollar - it "may" in time greatly affect the us dollar - time will tell - internationally banks are concerned with money movements by these systems - many people in the billion don't have access to banks - think about what digital cards can do with that problem! It will be life changing for many people!
July 11, 2020 at 3:56pm
This is a lot of information, hard to find in a single article. I've written almost 100 of these in different articles. It is an awesome read.
July 12, 2020 at 7:11pm
Wow. I didn't know there were so many types of crypto coin.
July 12, 2020 at 7:24pm
Great article
July 15, 2020 at 2:49am
Blessed Markethive! Be Happy!
July 15, 2020 at 2:59am
Blockchain is old and outdated. www.RAIDATech.com is here and will dominate! Make way for Cloudcoin.
July 18, 2020 at 2:30pm
Thanks to the author of this great informative article.
July 19, 2020 at 6:07pm
Edited 7/19 at 6:08pm
Really enjoyed the article. Great info
July 19, 2020 at 6:11pm
great share
July 19, 2020 at 8:03pm
Great article
July 24, 2020 at 8:04am
Crypto has changed many lives and also the way we value money.
July 26, 2020 at 6:13am
Great information
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