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Uses what? Ethereum? Proof of Stake? Ethereum is the most heavily used blockchain by far and powers all of DeFi which comprises of digital versions of most of
by Sargos 6y ago
Uses what? Ethereum? Proof of Stake?
Ethereum is the most heavily used blockchain by far and powers all of DeFi which comprises of digital versions of most of the traditional finance tools. It also powers the entire NFT/collectible space which is used by many games, the NBA, and MLB. The interesting experiments such as quadratic funding and decentralized autonomous organizations are also homed on Ethereum. There's some good overviews out there if you're genuinely interested.
- blackrock 6y agoSo.. it’s used for sports gambling? Actually, this might be a very good use case for crypto currencies. Guaranteed payout, based on a triggered scenario.
- everfree 6y agoGuaranteed payout on triggered scenario is one of the big promises of smart contracts. * Sports betting where the contract itself pays you the winnings. * Insurance where everyone pools together as peers, and the contract arbitrates payouts (think simple-to-arbitrate things at first, like flight insurance or credit default swaps). * Financial contracts like futures and options, but with arbitrary asset classes. * Open hedge funds where someone trusted manages a large portfolio, and the contract awards them with a pre-defined bonus based on performance. As long as an asset can be represented digitally, it can be awarded based on arbitrary, turing-complete conditions, and any programmer in the world can write those conditions with no permission from any bank and with no legal team. Money legos.