On Monday, the American billionaire, entrepreneur and media -to -Toe Kuban fueled Mark Cuban to Twitter and said that he believes in smart contracts while investing in the crypto industry. Moreover, the appreciation and use of tokens are a brand.
Cryptocurrency criticism embedded in smart contracts
According to Cuban, one of the reasons to invest in crypto because he trusts that smart contracts have the potential to create useful applications. Since the first day of exposure to technology, he learned that the value of a token is obtained from the applications that have been performed on platform And the utility that it creates.
He specifically believes in the revolutionary power of smart contracts. The aim of a smart contract on the blockchain is to simplify companies and trade between anonymous and identified parties, sometimes without needing a mediator. A smart contract reduces The formality and costs associated with conventional methods while maintaining authenticity and credibility.
He insisted that what is not generated is a universal application. Each individual must require the application in the cryptosphere, on which they are recommended to go through the learning curve. For him he hopes for an imminent project that everyone will be comfortable.
Cuban also gave an example of the use of the previous days in streaming. People who had to listen to 16K streams of music were insane, because there had to be an internet subscription for the Dial-Up modem. People also had to download the streaming client, the TCP/IP and the provider client.
Moreover, he demonstrated on a batch file on one website And make sure it all worked together while she was laughed at to turn on the TV or radio. Nevertheless, the office or outside the market was worth it. It all started as a niche in 1995. Currently, Smart Contract is about 5 years old.
Virtual assets that get a grip
Since the introduction of blockchain technology in 2008, virtual currency has received an enormous traction. In 2021, the crypto market capitalization was 927.4 million, expected to grow more than the CAGR of 11.1 during the forecast period.
Crypto transactions can be completed quickly, at low costs and in a relatively private institution. Now everyone can send and receive cryptocurrencies using a smartphone app, hardware wallet or wallet from the stores.
In theory, crypto markets work independently of other markets and their price action is influenced by factors other than those affecting those shares, bonds and raw materials. There is also decentralization in the Crypto -Bol.
