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Blockchain technology has the potential to surpass the internet in terms of its transformative impact and widespread adoption. While the internet revolutionized communication and information sharing, blockchain introduces a new paradigm that revolutionizes trust, security, and decentralized transactions. Here are several reasons why blockchain has the potential to surpass the internet:
Enhanced Security and Trust: One of the fundamental features of blockchain technology is its ability to create a highly secure and tamper-resistant network. Unlike the internet, which relies on centralized authorities and intermediaries to validate transactions and secure data, blockchain utilizes a decentralized network of nodes that collectively validate and record transactions in an immutable ledger. This distributed consensus mechanism eliminates the need for intermediaries, reduces the risk of fraud, and enhances trust among participants. As data breaches and online fraud continue to plague the internet, blockchain's inherent security features make it a compelling alternative.
Decentralization and Empowerment: The internet brought about a centralized model where power and control are concentrated in the hands of a few large corporations. In contrast, blockchain enables decentralization by distributing control and decision-making among network participants. This decentralized nature has the potential to democratize various industries, such as finance, supply chain, and governance. Through blockchain-based platforms, individuals can directly interact and transact with one another, bypassing traditional gatekeepers and intermediaries. This empowerment of individuals and communities fosters innovation, reduces inequality, and challenges the centralized status quo.
Immutable and Transparent Records: Blockchain's distributed ledger technology ensures transparency and immutability of records. Every transaction or piece of data added to the blockchain is recorded permanently and cannot be altered without the consensus of the network. This feature eliminates the need for trust in centralized authorities, as anyone can independently verify the integrity of the blockchain's history. Such transparency and immutability can have far-reaching implications for industries that require auditability, such as supply chain management, healthcare, and voting systems. By providing an indisputable and traceable record of events, blockchain technology enhances accountability and reduces fraud.
Smart Contracts and Automation: Blockchain's programmable capabilities, particularly through smart contracts, enable the automation of complex transactions and agreements. Smart contracts are self-executing contracts with predefined rules and conditions embedded in the blockchain. They eliminate the need for intermediaries and automate the enforcement of agreements, thereby reducing costs, increasing efficiency, and minimizing human error. This automation potential has vast implications across various sectors, including finance, real estate, intellectual property, and supply chain management. By streamlining processes and increasing efficiency, blockchain's smart contracts can reshape industries and drive substantial economic benefits.
Tokenization and New Economies: Blockchain technology facilitates the tokenization of real-world assets, enabling the representation of physical or digital assets as tokens on the blockchain. This tokenization unlocks the potential for creating new economies and markets. It enables fractional ownership, liquidity, and seamless transferability of assets that were previously illiquid or inaccessible. Tokenization has the potential to revolutionize finance, art, real estate, and even personal data ownership. By enabling the creation of decentralized marketplaces and new economic models, blockchain technology can disrupt traditional industries and foster innovation.
While the internet has transformed the world, blockchain technology presents a paradigm shift that can surpass its impact. With enhanced security, decentralization, transparency, automation, and the potential for new economies, blockchain has the power to reshape industries, empower individuals, and foster trust in ways that the internet alone cannot achieve. As blockchain continues to evolve and find applications in various sectors, its transformative potential is becoming increasingly evident, making it a strong contender to surpass the internet in terms of its overall impact.

The trustworthiness of Bitcoin, a decentralized digital currency, is a complex topic that warrants careful analysis. To evaluate whether one would still trust Bitcoin if it were to experience a drastic crash in value, such as plummeting to $300, it is essential to consider various factors, including the underlying technology, historical context, market dynamics, and individual perspectives.
Fundamental Technology:
Bitcoin is built on blockchain technology, which provides transparency, immutability, and security. The technology's integrity remains intact irrespective of short-term price fluctuations. Supporters of Bitcoin argue that its underlying technology remains robust even during price crashes, reinforcing their trust in the long-term viability of the cryptocurrency.
Historical Perspective:
Bitcoin has witnessed multiple price crashes throughout its existence. Notably, the cryptocurrency experienced a significant decline from its all-time high in late 2017 to a low point in early 2019. Despite this decline, Bitcoin has shown resilience and a propensity to recover and reach new heights. Past recoveries and subsequent price appreciation may influence individuals' trust in Bitcoin, as they perceive such crashes as temporary setbacks.
Market Dynamics:
Bitcoin's market dynamics are influenced by various factors, including supply and demand, investor sentiment, regulatory developments, and macroeconomic conditions. Sudden drops in price can be triggered by factors such as negative news, regulatory uncertainty, or market manipulation. Analyzing the specific reasons behind a crash to $300 is crucial for assessing the trustworthiness of Bitcoin. If the crash is driven by market manipulation or temporary external factors, individuals may maintain trust in Bitcoin's long-term potential.
Risk Tolerance and Investment Strategy:
An individual's trust in Bitcoin during a $300 crash will depend on their risk tolerance and investment strategy. Those with higher risk tolerance and a long-term investment horizon might see the crash as an opportunity to accumulate Bitcoin at a discounted price, believing in its eventual recovery. Conversely, individuals with lower risk tolerance or short-term investment goals might lose trust in Bitcoin and perceive it as a highly volatile and unreliable asset.
Fundamental Value and Adoption:
Bitcoin's trustworthiness is also influenced by its fundamental value and adoption. Supporters argue that Bitcoin's scarcity, decentralized nature, and potential for disruption in traditional finance provide a solid foundation for trust, irrespective of short-term price fluctuations. Additionally, the growing adoption of Bitcoin by individuals, institutions, and governments can reinforce trust in the cryptocurrency's long-term potential, even in the face of a price crash.
Conclusion:
Determining whether one would still trust Bitcoin if it crashed to $300 is a subjective decision influenced by various factors. While price crashes can test investor confidence, it is crucial to assess the underlying technology, historical patterns, market dynamics, risk tolerance, and individual investment strategies. Bitcoin's long-term potential, fundamental value, and adoption rates also play a significant role in shaping trust. Ultimately, each individual must carefully evaluate these factors to make an informed decision about their trust in Bitcoin during periods of extreme price volatility.

Seems Ledger hardware provider are making a U-turn on its use of third-party recovery phrase keys service, the decentralized wallet CEO made ab announcement that on pivoting the use of centralized means to store users recovery phrase keys.

#awesme #somee #crypto #ledger

[Image source](https://www.instagram.com/p/Cso-PhtxqYa/?igshid=MzRlODBiNWFlZA==)

Investors love Binance for several compelling reasons. Binance, founded in 2017 by Changpeng Zhao (CZ), has emerged as one of the leading cryptocurrency exchanges in the world. Here are some key factors that contribute to its popularity among investors:
Strong Market Position: Binance has established a dominant position in the global cryptocurrency market. It consistently ranks among the largest exchanges by trading volume and boasts a broad user base. The exchange's popularity and reputation attract a vast pool of traders and investors, ensuring high liquidity and a wide range of trading opportunities.
Extensive Range of Cryptocurrencies: Binance offers an extensive selection of cryptocurrencies for trading. It supports a vast array of digital assets, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins. This wide range of options allows investors to diversify their portfolios and capitalize on various investment opportunities.
User-Friendly Interface: Binance provides a user-friendly and intuitive interface, making it accessible to both beginner and experienced traders. The platform offers a seamless trading experience with advanced charting tools, order types, and customizable settings. Additionally, Binance offers a simplified interface for novice users, ensuring a smooth onboarding process.
Robust Security Measures: Security is a top priority for Binance. The exchange has implemented several measures to safeguard user funds and data. These include two-factor authentication (2FA), withdrawal whitelisting, cold storage for the majority of funds, and regular security audits. Binance's commitment to maintaining a secure platform instills confidence in investors and helps protect against potential security breaches.
Wide Range of Services: Binance offers more than just a trading platform. It has expanded its services to cater to various investor needs. Binance features a decentralized exchange (Binance DEX), margin trading, futures trading, staking, lending, and a launchpad for token sales, providing investors with diverse avenues to explore and profit from different investment strategies.
Innovation and Adaptability: Binance has a track record of innovation and adaptability to market trends. The exchange frequently introduces new features, products, and services to stay ahead of the curve and meet the evolving needs of its users. Binance's ability to adapt to the changing landscape of the cryptocurrency industry makes it an attractive platform for investors seeking growth and innovation.
Binance Coin (BNB) Utility: Binance has its native cryptocurrency, Binance Coin (BNB), which adds an additional layer of value for investors. BNB offers various utilities within the Binance ecosystem, such as discounted trading fees, participation in token sales, and access to exclusive events. BNB has demonstrated significant growth and has become one of the most valuable and widely used cryptocurrencies, further increasing its appeal to investors.
Strong Leadership and Reputation: Binance's founder and CEO, Changpeng Zhao (CZ), has established himself as a prominent figure in the cryptocurrency industry. CZ's leadership and vision have propelled Binance's success and earned the trust of investors. The exchange's commitment to transparency, compliance, and regulatory efforts has also helped build a strong reputation within the crypto community and traditional financial sectors.
Overall, Binance's strong market position, extensive range of cryptocurrencies, user-friendly interface, robust security measures, wide range of services, innovation, BNB utility, and strong leadership make it a preferred choice for investors looking to participate in the cryptocurrency market. However, it's essential to conduct thorough research and consider individual investment goals and risk tolerance before making any investment decisions.

On this day May 22 two papa John's pizza were bought for 10,000 BTC in 2010.  which is worth $270 million today what a legend bitcoin has gain lots of  value over the years cheers to decentralized currency.

#awesme #somee #crypto #monday #pizzaday


[Image source](https://www.instagram.com/p/CsiNxwVMMJ6/?igshid=MzRlODBiNWFlZA==)

Cryptocurrency Mining
Greetings my friends, I resume lecture on crypto and today I will be talking about crypto currency mining and we will learn if some can be mined or not.


1) What is cryptocurrency mining?

Cryptocurrency mining is the process by which new units of cryptocurrency Are created and transactions Are verified and added to the blockchain . It involves utilizing computational power to solve Complex mathematical problems which helps maintain the integrity & security of the decentralized network .

2) How does it work?

The mining process typically involves network of computers known as miners competing to solve the mathematical puzzle. They do so by continuously making attempts To find a hash Value that meets specific criteria.

Once miner successfully solves The puzzle they broadcast the solution to the Network along with the verified transactions. The solution is then verified by other nodes in the network and if it is deemed Correct the miner is rewarded With a certain Amount of newly minted crypto currency

3) Can SOMEE token be mined?

As for SOMEE the native token of the SOMEE blockchain it operates on a different consensus mechanism called Delegated Proof Of stake (DPoS) . In DPoS SOMEE tokens are not mined in the traditional sense. Instead they are distributed through a process called " witness voting" & "delegated proof of stake ."

In the SOMEE ecosystem users can become witnesses by receiving votes from stakeholders. Witnesses are responsible for validating and producing blocks on the blockchain . they are rewarded with SOMEE tokens for their efforts. Additionally Users can delegate their SOMEE tokens to Other users who act As " delegated proof of stake" (DPOS) validators and they Also receive rewards for their role .

Therefore while SOMEE tokens Cannot be mined through the traditional mining process they Are obtained through witness voting and delegating stake in the SOMEE network.


#SoMee #HIVE #someeofficial #SME #crypto #mining #

The new Ledger firmware policy that will allow users to encrypt their recovery keys with third parties by linking their national identity did stir lots of motion on the internet according to an insider it has always been possible for Ledger team to extract users keys, well what do we know? I thought hardware wallets were the most decentralized means of storing one's crypto.

#BRK #awesme #crypto #somee #bitcoin #market #ledger

[Image source](https://www.instagram.com/p/CsYzq2ZxEqv/?igshid=NTc4MTIwNjQ2YQ==)

source

Decentralized exchanges have continued to gain popularity in recent years due to their potential advantages over traditional centralized exchanges. DEXs operate on a blockchain network, allowing users to trade cryptocurrencies directly with each other without the need for intermediaries.

DEX as they are fondly called, also known as community-owned or community-driven DEXs, are designed to empower specific communities or within the cryptocurrency space. These DEXs aim to foster inclusivity, transparency, and community governance.


### Investing in DEXs can offer certain benefits, such as:

### Community-driven governance:
DEXs often provide community members with voting rights and decision-making power. This enables the community to collectively determine the direction and policies of the DEXs.

### Alignment with shared values:
DEXs are often created by and for specific communities that share common goals and values. Investing in such projects allows you to support and participate in initiatives that align with your beliefs.

### Early adoption potential:
DEXs may attract a dedicated user base from the community they serve. By investing in these projects early on, you may potentially benefit from the growth and adoption of the DEX as its user base expands.


However, it's important to note that investing in any cryptocurrency or DEX carries inherent risks.
#### Some factors to consider before investing in tribal DEXs (or any investment) include:

### Market volatility:
Cryptocurrencies, including tokens associated with DEXs, can be highly volatile. Prices can fluctuate significantly in short periods, which may result in substantial gains or losses.

### Regulatory uncertainty:
The regulatory landscape for cryptocurrencies and DEXs is still evolving. Changes in regulations or legal actions can impact the operation and value of these platforms.

### Technical risks:
Like any blockchain project, DEXs may face technical challenges, security vulnerabilities, or other risks that could affect their functionality and user experience.

### Conclusion
Before making any investment decisions, it's crucial to conduct thorough research, assess your risk tolerance, and consider seeking advice from financial professionals or experts with domain-specific knowledge in the cryptocurrency space.

Year 2022 will be remembered as one where multiple centralized lending platforms file for bankruptcy, Celcius which has been among those affected platform has seek an alternative means of unstaking its liquid ethereum from Lido finance could this be used to pay some of its customers who are patiently waiting for withdrawal to reopen?

#awesme #somee #crypto #social #bitcoin

[Image source](https://www.instagram.com/reel/CsURi7sx_6E/?igshid=NTc4MTIwNjQ2YQ==)

This doesn't sound quite good for crypto users, crypto hardware storage provider Ledger announces it will be enabling ID based recovery service that will allow users to backup their phrase keys with their passport or other means of identification.

In a nutshell it means users spending, holding record will be available for third-party auditing this isn't decentralized at all.

#awesme #crypto #somee #bitcoin #ledger #finance

[Image source](https://www.instagram.com/p/CsTxKrEuZYY/?igshid=NTc4MTIwNjQ2YQ==)

In an interview with the independent media organization Bright Light News in Brussels, Belgium, the board-certified internist and anthrax expert said under the direction of the WHO’s Pandemic Treaty and proposed changes to the International Health Regulations (IHR), the United Nations specialized health agency would be given centralized powers superseding those of its 194 member states’ sovereign governments.
http://gg.gg/143mhp

Polygon was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, with the aim of addressing the scalability issues facing Ethereum.
The Polygon network is a Layer 2 scaling solution for Ethereum, which means that it operates on top of the Ethereum blockchain to provide faster and cheaper transactions.
The Matic Network was rebranded as Polygon in February 2021 to reflect its broader mission of building a multi-chain ecosystem that supports interoperability between different blockchains.
Polygon uses a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient and faster than the Proof-of-Work (PoW) mechanism used by Bitcoin and other cryptocurrencies.
The Polygon network supports a wide range of decentralized applications (dApps), including decentralized exchanges (DEXs), gaming platforms, and NFT marketplaces.
The Polygon network has seen significant growth in recent months, with the total value locked (TVL) in its ecosystem surpassing $10 billion in May 2021.
Polygon has a native token called MATIC, which is used to pay for transaction fees and provide governance rights on the network.
The Polygon team is actively working on a number of initiatives to improve the scalability and functionality of the network, including the development of new Layer 2 solutions and partnerships with other blockchain projects.
Some notable investors in Polygon include Mark Cuban, Coinbase Ventures, and Binance Labs.
Polygon has been recognized as one of the most promising projects in the blockchain industry, with Forbes naming it as one of the top 10 blockchain projects to watch in 2021.

Good morning great people. My name is Eberechi and am from Nigeria. Am a Centralized and Decentralized social media content creator. This is my first post on this platform and am using it to solicit for your support as I start my journey on this platform. I promise to be supportive to every member of this platform. Please if you have any information that you believe will be useful to me, I really need it. Thank you.

Good morning great people. My name is Eberechi and am from Nigeria. Am a Centralized and Decentralized social media content creator. This is my first post on this platform and am using it to solicit for your support as I start my journey on this platform. I promise to be supportive to every member of this platform. Please if you have any information that you believe will be useful to me, I really need it. Thank you.

Image Source: https\://image.cnbcfm.com/api/v1/image/
Ethereum and Bitcoin are two different cryptocurrencies, and while they share some similarities, they also have some significant differences. Ethereum is often considered to be more flexible and versatile than Bitcoin, as it was designed to be a platform for decentralized applications (DApps) and smart contracts.
In recent years, Ethereum has gained popularity, and its market capitalization has grown significantly. As of May 12, 2023, Ethereum's market capitalization is around $1.2 trillion, while Bitcoin's market capitalization is around $1.0 trillion. However, market capitalization alone does not necessarily indicate which cryptocurrency is "better" or will overtake the other.
Both Ethereum and Bitcoin have different use cases and target different audiences. Bitcoin is often seen as a store of value and a hedge against inflation, while Ethereum is more focused on powering decentralized applications and smart contracts. While Ethereum has been making strides in terms of adoption and development, Bitcoin has a much more established and recognized brand.
It is possible that Ethereum may overtake Bitcoin in the future, but it is also possible that Bitcoin will remain the dominant cryptocurrency. The cryptocurrency market is highly volatile and unpredictable, and many factors could influence the future of these cryptocurrencies. Ultimately, it is up to individual investors to research and evaluate the potential of each cryptocurrency and make their own informed decisions. #bitcoin #ethereum #cent #someeofficial #archon #v #ecency