Weekly Round-Up #83 | Exploring Crypto in 2024: Beyond Market Turbulence ?
Release: 2024/01/01 23:53 Reading: 949
Let's take a moment to look back at the rollercoaster ride that was 2023 for the cryptoverse. From crashing lows to surprising highs, it's been a wild journey.
We saw Bitcoin hit rock bottom at $16,000 after some major shake-ups in November 2022, only to bounce back and soar to over $43,000 by December 2023. But beyond the price swings, there's something fundamental about crypto that's often missed in all the chaos.
Image from DALL-E
You see, crypto isn't just about coins and their crazy ups and downs. It's basically a high-tech system that can solve real-world problems without the complications of older solutions. Think of it this way: Would you rather walk across a bridge or zap yourself to the other side?
As we enter 2024, there's a lot of hope about what blockchain technology can do. It's not just about the ups and downs in the market; it's about how this tech can change things in many different parts of our lives.
Newcomers need to know that judging a crypto project solely by how much money it makes overlooks its bigger potential to change things for the better.
Going Beyond Money: Blockchain's Other Superpowers
Sure, we often talk about blockchain solutions in terms of money, but it can do so much more. Take a look at these real-life examples; mind you, these are just the tip of the iceberg:
- Supply Chain Transparency: Logistics companies use blockchain technology to track products from their origin to the store shelves. This helps ensure authenticity and fights against counterfeit goods.
- Voting Systems: Some regions are testing blockchain for voting. Blockchain voting is secure and transparent and could revolutionize how we cast votes.
- Healthcare Service Delivery: Blockchain can make medical records secure and easily accessible, improving patient care. Blockchain can facilitate payments and distribute medication to friends and family, especially in developing countries that may find it hard to access medical prescriptions, healthcare insurance, and general medical treatment.
- Decentralized Finance (DeFi): This is like traditional banking but without the intermediaries. DeFi is driving a fresh wave of inclusion, making financial services accessible to everyone, regardless of location or status.
Understanding Blockchain vs. Crypto: Why It Matters
It's important to know that blockchain and crypto aren't the same thing. Projects with brilliant real-life applications like XRPH Healthcare show us how much more blockchain can do when we don't just think about money.
The brutal volatility of the crypto market doesn't mean the technology behind it—blockchain—isn't worth paying attention to. That's like saying a bumpy road means the car isn't any good.
Achieving Web3 mass adoption is not a walk in the park, but we should never stop working to discover how blockchain tech can improve lives.
Let's Shake Things Up
Crypto enthusiasts have a big role in making this tech work for everyone; with a mandate to change how things have always been done and make them better. That's the real power of blockchain. Let's keep exploring and shaping a future where this tech makes a real difference.
Exciting times ahead in 2024!
Catch up on our published articles for the week!
ARTICLES
● Web3 Gaming: Is the Play-to-Earn (P2E) Model on Its Last Legs? >>> Learn more.
● Top 7 Meme Coins To Look Out For in 2024 >>> Learn more.
● Crypto Exchanges Under Siege: Safeguarding User Information in a Decentralized World >>> Learn more.
● 2023 Recap: With L2 Activity at ATH, What’s The Utility For Ethereum Moving Forward? >>> Learn more.
● Crypto’s Year in Focus: Reflections on 2023’s Pivotal Events >>> Learn more.
Spotlight on interesting projects
Tezoro
Tezoro is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you've already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.
Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.
For more information, visit https://tezoro.io/
If you want more content like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, Medium. and CoinMarketCap Community.
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