Back then, Bitcoin was banned nationwide, with no promotion or hype allowed.
But people in the crypto circle did not give up; they changed their approach and started discussing technology—
Thus, the term "blockchain" came into existence.
From that moment on, this "spark" began to spread. The world is talking about blockchain, but don’t forget, its source is Bitcoin.
The more advanced the technology, the more valuable Bitcoin naturally becomes. It skyrocketed to over a hundred thousand dollars each, firmly holding the title of the world's best-performing asset.
But the question arises—blockchain has been hyped to the sky, but what is its actual use?
Many people hear it as a "technical version of a pyramid scheme," unable to clearly articulate what it can do.
Let me clarify for you what areas blockchain is making an impact:
1. Financial Sector
Contracts, leverage, staking, currency exchange... Crypto finance is more sophisticated than the stock market.
2. Cross-border Transfers
No banks, no intermediaries, just a string of addresses to receive money, saving costs and increasing efficiency.
3. Identity and Property Certification
NFTs can not only sell images but also serve as IDs and certificates, making it clear who the original creator is. India even uses it for its national identity system.
4. Asset Issuance
Stablecoins pegged to the dollar, one coin equals one dollar; some projects even rely on issuing coins for "equity dividends."
5. Supply Chain Management
Recording the entire chain from production to delivery, counterfeit goods can be spotted at a glance. Walmart uses this for food traceability.
6. Healthcare
A system developed by MIT places medical records on the blockchain, allowing patients to manage their own data securely and hospitals to share it safely. Pfizer also uses it to track drug circulation and prevent counterfeit drugs.
7. Government Systems
Estonia and Switzerland are using blockchain for voting; Sweden and Georgia utilize it for land registration, ensuring transparency and preventing corruption.
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In summary:
Blockchain is not a "technological bubble"; it is genuinely changing the fundamental logic of the world.