Decentralized Autonomous Organization
I just got to know about this now and it is so fascinating to know what they are about.
6 Matching Annotations
- Dec 2021
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www.technologyreview.com www.technologyreview.com
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- Nov 2021
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Where do you think the overall ecosystem needs to put their focus on?
In my opinion, I think the overall ecosystem needs to put their focus on on the App coins because Protocols tokens without use case will be totally useless and will eventually lost its value.
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www.nasdaq.com www.nasdaq.com
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there are over 1,300 cryptocurrencies in existence
According to Statista, there are 7557 cryptocurrencies as at November 2021.
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deflationary model
Not all cryptocurrency works on deflationary model. First, what is a deflationary model? A deflationary model is a model that reduces the circulation of asset, that is reducing supply while demand is constant or at an increasing rate which in turn increases the value or price of the asset. So a token such as Bitcoin is an inflationary asset until the maximum cap is reached but BNB is a good example of a deflationary token.
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the total amount that can ever be in circulation is limited
Yes, this is true for Bitcoin. As there will only ever be 21 million BTC to be mined. They are currently 17 million BTC already mined.
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t wasn't long ago that very few people had heard the word “cryptocurrency,” and even less knew what it meant.
This is still true even in my country, Nigeria. The word "cryptocurrencies" is only popular among the younger generations.
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