{"id":53,"date":"2021-08-06T19:21:08","date_gmt":"2021-08-07T02:21:08","guid":{"rendered":"https:\/\/theplandanhollings.com\/?p=53"},"modified":"2021-10-07T14:15:45","modified_gmt":"2021-10-07T21:15:45","slug":"real-life-crypto-applications","status":"publish","type":"post","link":"https:\/\/theplandanhollings.com\/cryptocurrency\/real-life-crypto-applications\/","title":{"rendered":"What Is Cryptocurrency Used For? A Guide to Real Life Crypto Applications"},"content":{"rendered":"\n

Mark Cuban has said the advent of crypto feels like the early days of the Internet. Jack Dorsey says there\u2019s nothing more important for him to work on than Bitcoin. Bill Gates believes digital currencies can open the doors to financial stability for the poor. What does this all mean? Cryptocurrency is the future, and the future is now.<\/p>\n\n\n\n

We\u2019ve all heard about the hype around crypto \u2018going to the moon.\u2019 Still, there hasn\u2019t been very much conversation around what cryptocurrencies can actually do. If we don\u2019t uncover the world of potential applications that cryptocurrencies offer, we could miss out on billions in wealth and progress.<\/p>\n\n\n\n

Luckily for you, I\u2019ve aggregated some of the most exciting applications of cryptocurrency today. Everything from payments, new asset classes, crowdfunding \u2014 by the end of this guide, you\u2019ll even learn how to turn crypto into a passive income machine.<\/p>\n\n\n\n

What is cryptocurrency?<\/strong><\/h2>\n\n\n\n

Put simply, cryptocurrency is a digital currency. Unlike traditional currencies, they aren\u2019t backed or monitored by a central authority like the government or national bank. Crypto runs on blockchain technology, a distributed ledger network that records all the transactions made with that currency and secures it using high-level cryptography.<\/p>\n\n\n\n

Applications of Crypto and Blockchain Technology<\/strong><\/h2>\n\n\n\n

Just like other currencies, you can use crypto to buy and sell goods and services online. But cryptocurrencies, and the blockchain technology that underlies them all, have various applications beyond just commerce.<\/p>\n\n\n\n

Sending money<\/strong><\/h3>\n\n\n\n

Traditionally, sending money overseas and around the world was a lengthy, costly, and complicated process. But cryptocurrency can solve all of those problems. Since Bitcoin is more of a store of value than actual currency, we\u2019ll use Ethereum as an example:<\/p>\n\n\n\n