Cryptocurrencies now are being crafted and tailored to meet specific cyber resource needs. Filecoin uses coins as cooperation incentives for a Dropbox-like decentralized storage system. Ethereum uses coins for decentralized computational power. AXE* uses coins as cooperation incentives for decentralized bandwidth. Are you seeing the theme? The heart of the crypto crowd is to replace biased, and sometimes downright unethical, governing third-parties with unwavering algorithms and ledgers that every peer gets to watch. Everyone is a watchman. Ancient Greece’s vision for democracy realized in the electronic economic realm.
Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.