Blockchain Technology Use Cases Explained in One Minute

Can blockchain technology solve 100% of the world's problems? Of course not and there is absolutely nothing wrong with that... why should it? Instead, anything blockchain-related shines when it comes to a core group of sovereignty-oriented use cases.

With these blockchain use cases alone being more than enough to justify the existence of the technology. To put it differently, blockchain technology and cetralized solutions complement one another. For some use cases, it makes more sense to use centralized options whereas for others, blockchain technology is what shines.

At the end of the day, there is room in the ecosystem for a wide range of options and what's most important is understanding what blockchain technology is all about in a meaningful manner. It is this understanding that will enable you to form an educated opinion with respect to when it makes sense to opt for blockchain technology and when the cons outweigh the pros. There is no such thing as a "one size fits all" solution in the tech world and the financial dimension most definitely doesn't represent an exception :)

[OneMinuteEconomics]

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[EddyGingles]

Thank you for sharing! Looking for advice: My Safe Wallet has some Tether, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I go about moving them to Kraken?

[WilfordWaterford]

Appreciate it for posting! I need advice: My Trust Wallet has some Tether, and I have the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I go about sending them to Kraken?

[JackPrice-ci]

Cheers for sharing! I need advice: My wallet on OKX contains some TRX 20 USDT, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to proceed with sending them to OKX Exchange?

[EltonMorely]

Thanks for sharing! Looking for advice: My Safe Wallet contains some TRX 20 USDT, and I possess the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how can I handle moving them to Bitget?

[CurtisGaddie]

Thank you for publishing this! Hoping for some help: My OKX wallet has some USDT, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how to proceed with moving them to my Binance account?

[elishasanders]

Thanks for posting! Hoping for some advice: My wallet on OKX holds some TRX 20 USDT, and I possess the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how to handle transferring them to Binance?

[loganavila]

Thank you for publishing this! I need guidance: My TRX Wallet holds some USDT trx, and I know the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to handle transferring them to Bitget?

[JoeDepp-oe]

Thanks for posting! I need guidance: My TRX Wallet holds some TRX 20 USDT, and I know the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to go about transferring them to Bitget?

[OneMinuteEconomics]

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[LanguagesWithAndrew]

I agree with everything except blockchain not being cheaper in terms of transaction costs: it absolutely *can* be if you choose the right currency. With anything centralized, you're paying fees one way or the other (if the merchant pays the fees then they will build that into the price that *you* pay, so yes you do pay transaction fees in that case, you just can't see them).

[CarolYoung-uq]

Super video! But I can't seem to move my USDT from OKX Wallet because of 'not enough gas.' Any tips? Wallet phrase: notice leisure umbrella over east select damage pink devote drip federal august

[aryaastark]

So the blockchain can help me do illegal things at a more expensive and slower pace then traditional money, got it.

Every positive thing you mentioned can be done with cash with the added bonus of not having a digital trail of everything you did. Smh

[freemarket]

bro come on.. you have to be better than this. there are different types of block chains, they are not inherently decentralized. for instance the differences between PoW, PoS, Pol, PoA and so on..