Can metaverse work without blockchain? Back to list

Member SinceJul 08, 2021

Posts 713

Kihn

Nov 23, 2022 a 10:42
Blockchain is essentially a large database that keeps track of cryptocurrency transactions on its 'ledger.' The primary purpose of this ledger at the moment is to allow token holders to confirm that their tokens have not been double-spent, while also allowing users to access their tokens (or, in some cases, blockchain assets) via smart contracts and decentralized apps. This is ideal for people who are accustomed to operating in a digital economy where they are not required to hold physical assets.

However, as blockchain projects gain popularity and transaction volume increases, so does transaction recording. This means that blockchain adoption is accelerating. Furthermore, blockchain, like other technological innovations, has the potential to infiltrate industries that aren't necessarily involved in crypto trading or digital assets.

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