The WAVES Blockchain is Cool

The more I learn about the WAVES Blockchain the more bullish I become. Was learning today about how Master Nodes work and how they allow for transaction fees to be paid in custom assets and seeing how some startups are making use of this.

Cool stuff. I find it fascinating how a good Blockchain business model is essentially this:

Find a solution you want to crowdsource (data entry, content curation, providing unused hardrive space), create a token that rewards people for providing it, create a use for the token that would lead to its demand (paying for data entry/content curation/cloud storage). If this is successful the token develops an exchange value that rewards the creators on their holdings in the token.

(The model above can be used on all blockchains that support asset creation such as WAVES, Ethereum, NXT, NEO, etc.)

*subscribe to my podcast, “The Bitcoin, Blockchain, Crypto Podcast”

alexmerced@alexmerced.com

%d bloggers like this: