Commerce thrives when trade is free and unrestrained, the blockchain is no different.
I recently wrote about:
- immutable x
- second layer solutions on ethereum
- the promise of nfts to accelerate mass adoption
- the ethereum founder vitallic buterin embracing the new decentralization; cross blockchain trading
And I ask you what does this mean for Hive?
It turns out that it is the perfect illustration of why Hive is a futurestic blockchain, not a backwards blockchain.
When you look at vitalillic buterin embracing second layer solutions for the fix to all that ails ethereum, it was simply the math. current solutions provide 2x, 4x, 8x, 16x or 64x increases in transactional capacity, and little or no reduction in fees. BUt second layer solutions provide 10x, 100x, 1000x increases in transaction capacity and speed, along with huge reductions in transaction cost to the point that transactions are almost free.
When you lok at NFTS as they took the world by storm, embraced by crypto-natives and crypto-newbies alike as a simple and easy to understand concept, ownership is clear, buy low and sell high, and power and profit to the content creators along with a new breed of middlemen. A technological innovation which can be easily fit into the legacy financial system infrastructure and thought process. A great trigger for mass adoption.
Then you look at the rise of Play to Earn as a huge economic force in the universe. Axie infinity and Splinterlands have millions of accounts and several hundred thousand daily players using their blockchain games daily.
Then you look at Hive and think...
- Hive has had a second layer for 3-4 years
- Hive has fast free transactions for years
- Hive embraced cross chain trading with Hive on Ethereum via Uniswap
- Hive embraced crosss blockchain trading with Leofinance trading on UNiswap
- Hive embraced cross blockchain trading with Splinterlands reaching out to Wax blockchain
- Hive is the home of one of the biggest NFT based Play to Earn games in the cryptoverse: Splinterlands
- Hive has been increasing their ability to scale and successful answered the challenge of a million new accoints on Hive just for Splinterlands
- Hive is one of the first blockchain based social media projects with token holders owning their accounts and their content.
- Hive is proof of stake, technically delegeted proof of stake, but the point is Hive that has a much smaller carbon footprint then Bitcoin or Ethereum. Being green is in the genes of Hive.
The future is alive and well here on Hive..
You are living in a land of innovation, cutting edge tech and multiple developers and entrepeneurs reaching for the stars.
Be not ashamed and be not afraid that the many in the world didn't understand the value.
Just be glad that you did and you will profit as the rest of the world discovers Hive.
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Despite the hacks, cross chain trading will continue and we should continue to learn about developments like this.
Posted Using LeoFinance Beta
Bridges are very important, as we use one to get Leo onto Uniswap, and we use one to get Leo onto Cubfinance. They are the doorways to specialized investment opportunities off our chain.
Posted Using LeoFinance Beta
True.
I wrote about them today.
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Many Good points.
Ethereum has moved away from the one chain to rule them all thesis about ethereum being the best blockchain.
Now it will be the perview of whales and bots.
They have embraced the sidechain or second layer solutions, which are joined to or dependent on the mother chain Ethereum for settlement and security. But they are finding that even side chains need bridges and bridges are a vulnerability.
Posted Using LeoFinance Beta