News for hackers. Stuff that matters.

A comment on There aren't that many uses for blockchains. Parent comment

Re:There aren't that many uses for blockchains by soco on Thursday August 11, 2022 @05:18AM (#32423301)
So basically replicating the way financials work today, but with blockchain.
[ Parent | on HN ]
Re:There aren't that many uses for blockchains by whatisweb3 on Thursday August 11, 2022 @05:52AM (#32423518)
Yes, recreating some aspects of the financial system but with an open source, permissionless, and decentralized base layer that uses more modern code and cryptography.

From that, additional applications can also be built on top - multi signatory accounts, a social graph, ownership of digital property, decentralized exchange and lending services, escrow, crowdfunding, and more.

[ Parent | on HN ]