We’re all witnesses to crypto becoming a vital part of our reality. In the digital world, crypto is making a meaningful impact, influencing how we view and develop new technologies. It’s indisputable that crypto has been a breakthrough, and its ripples are still making waves. While crypto’s most impactful contribution was in the field of digital safety and privacy, there are still plenty of other aspects it contributes.
1. Safe Transfers
Crypto has changed how we do online transactions in such a resounding fashion that we can safely divide them into pre and post-crypto time. Before crypto, transactions had to go through X intermediaries. From payment processors to banks and many more, depending on the complexity of the transaction, the older ways were a ripe field for hacker attacks. Because transactions had to go through multiple data points and centers, each presented a vulnerability in the system.
Crypto changed all of that by introducing blockchain technology, where each part of a transaction is encrypted and part of a wider network. This ushered in a new trading era of a larger magnitude, where crypto trading on listings became exceedingly popular. Binance listings have fully embraced crypto for its unprecedented security, allowing large-volume trades and updated market situations. Crypto journalist Elliott Lee recommends Binance listings to get in on the benefits crypto trading can offer, starting from early starts leading to being in time to benefit from a significant price pump for all new cryptocurrencies.
Following upcoming listings on Binance lets you experience the hype, community, and marketing promotions that have evolved around crypto trading. As the industry grows, so too will it attract more users, and crypto practices will get applied to other industries, which will all benefit from the added security.
2. Ownership identification
Proving what you own and create is easy with a piece of paper, but what about when that paper is in digital form? Real documents can get forged or lost, but the same can apply to digital documents. Crypto improves how digital documents and online ownership work by allowing users to store source, place, and timestamp all of their files.
Each piece in the crypto blockchain is not only encrypted for safety but is also connected to others and shared on the network. Making digital information, intellectual property, copyright, and similar traceable, but not changeable or susceptible to compromise. Since every bit of info has its digital record, proving digital ownership is easy for users, and they can even allow particular access when they wish to share their data.
3. Custom offers
Long ago, during the mobile golden era, there was an expression: “There’s an app for that.” It’s being replaced with a modern “There’s crypto for that.” The versatility of crypto has allowed for multiple crypto tokens to come into play, offering users unique functions. From a broad aspect like trading to niche-oriented crypto tokens forming around specific communities, crypto allows web developers to create specialized tokens for their needs, or to cover any desired community desire.
Bitcoin is digital gold, Polkadot allows for interoperability between blockchains, Litecoin has lightning-fast transactions, Tezos allows for protocol transfers, etc. The customizability of crypto presents a unique opportunity for smaller or even individual developers to affect the tech world or their desired crypto community. By targeting a niche or offering a unique function, crypto devs can make a name for themselves, secure funding, and get their project famous. And on the topic of crypto tokens, we also have tokenization.
4. Tokenization
Before we could buy a CD with a game on it, but we didn’t own any in-game aspects. Whatever the game devs made remains there, but with crypto and its tokenization feature, asset ownership is drastically changing towards the user. The simplest explanation would be ownership of digital land through NFT tokens. The digital frontier is vast and limitless, but it’s filled with incredible landscapes, which can now become anyone’s property via NFT tokens. Users can buy, sell, or trade these tokens, and the list does not stop at land. In-game currency, pets, items, and whatever is inside a game can now be made into an NFT token and shared on the blockchain.
This drastically changes how we view modern games and allows for more player agency and freedom. Players can become game co-owners and influence development. Each NFT token has its value based on perceived use, scarcity, and perceived prestige in its community. But, tokenization has also led to the rise of a play-to-earn (PTE) concept, which is an entirely new type of game, especially crypto, and they are still in their infancy. As crypto continues to develop and tokenization becomes widespread, the role of crypto in web and gaming development will continue to change how we view certain aspects of digital creations.
5. Secure APIs
Just as transaction communication is prone to breaches and attacks, so too is direct API communication between users (or users) and servers. Crypto influences API communication in the same way as financial transactions, by making the exchange encrypted and going through fewer data points. Because of numerous approvals and access checks in place, on top of blockchain’s built-in security and anonymity, API communication with crypto is safer than its predecessor.
Even giant names like Amazon are now providing blockchain services, so smaller groups can easily start using them, leading to more innovation and competition. And whenever a big player adopts a seemingly new technology, it’s a sure sign that the technology is on the right track.
Every day presents a new opportunity to learn something new about crypto, and to find out its latest contribution. Whenever a new technology appears it goes through a strict process of testing and adaptation, which crypto has passed so far with flying colors. Crypto will continue to unobstructedly improve various development areas and our lives. With each breakthrough will come a whole slew of improvements, available for big and small players in the industry, all equally important and eager to make a name for themselves.
