Richard Iamunno — 3 Outstanding Businesses That Definitely Benefited...

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Sounds perfect Wahhhh, I don’t wanna

3 Outstanding Businesses That Definitely Benefited From Crypto

Payments can now be made using cryptocurrency instead of banks or other conventional payment methods. This may sound positive, but given how unstable the value of cryptocurrencies is, it can also be perilous.

Companies should have a clear idea of why they are pursuing this new technology and an established path that will get them there in order to reduce the risks associated with utilizing crypto for business. These are three outstanding businesses that have greatly benefited from cryptocurrency.

Steemit is a social networking site built on the blockchain that pays users for curating and publishing content. It is a decentralized application (Dapp) created on the Steem blockchain that rewards users with STEEM, the platform’s native cryptocurrency.

Steemit pays users for posting, commenting on, and even upvoting other users’ content, in contrast to established social media platforms. Users are encouraged to post high-quality content that will be more likely to obtain upvotes because of the financial incentive.

Steemit’s dependence on blockchain technology is one of its other main selling points. Your transactions and content are permanently stored in the blockchain, an open and secure digital ledger.

The blockchain is a new technology that initially appears to be quite complicated. Once you get the hang of it, however, learning how the blockchain functions is simple.

The decentralized nature of blockchains, which prevents data from being stolen or corrupted, is one of their main advantages. This stops hackers from destabilizing the system and stealing people’s money.

Users can store data on Storj, a cutting-edge decentralized cloud storage (DCS) platform, without worrying about a single point of failure. It offers both speed and security by using a sharding method to encrypt files and distribute them throughout a network of storage servers.

By allowing files to be divided into 80 distinct segments and stored on various storage nodes throughout the network, Storj’s sharding technique is intended to avoid file loss. This redundancy is crucial in countering attacks like Honest Geppetto, Spartacus, and Sybil that could result in data loss or theft.

Also, functioning storage nodes are compensated for their excess space and bandwidth using STORJ’s native coin, which is based on the blockchain. These incentives encourage everyone to operate in the most advantageous way and also give the Storj network a steady stream of income.

The “satellites” in the Storj network are data and security validators that keep an eye on storage nodes and make sure they are operating honestly. For the network to remain reliable, these satellites are essential.

There are a few things you should consider while organizing your next excursion, regardless of whether you’re looking to spend a lot of money on a big-ticket item like a dream vacation or simply want to explore some new places. To begin with, make sure you conduct research on the past and present of any country you plan to visit.

For instance, you should research the region’s top hotels, learn what to look for when purchasing an airline ticket, and educate yourself on the available local transit alternatives, such as ride- and car-sharing services.

For many people of various ages, traveling the world is a highly popular activity. If you take the time to carefully arrange your trip, it can be a ton of fun. You may make your subsequent vacation one to cherish for years to come by carefully planning your schedule and purchasing the appropriate travel insurance. Also, it’s the finest way to explore the globe, meet other like-minded people, and create lifelong memories.

Since 2015, far-right provocateurs have raised tens of millions of dollars via cryptocurrencies. In a report released on Thursday, the Southern Poverty Law Center (SPLC) claimed that the white nationalist movement has gathered “tens of millions of dollars” in bitcoin donations.

About 600 cryptocurrency addresses connected to white supremacists have been collected by the SPLC. They discovered that far-right extremists use Bitcoin and other cryptocurrencies for three different things: to pay for goods, to make general donations, and to provide money for digital material.

A growing concern is the use of bitcoins to finance extremists. According to research by the Counter Extremism Project, it permits them to facilitate domestic and international funding while operating outside of authorized channels (CEP).