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Author: Admin | 2025-04-28
Share Tweet Cryptocurrencies have undergone a considerable evolution since their introduction to the market several years ago. No longer are they merely a means of exchange or store of value, but have proven effective for empowering a range of diverse applications and uses.Cryptocurrency Use CasesIn this post, we’ll go over 7 of the most surprising uses of cryptocurrencies that you never knew existed.1. FactomThe Factom (FCT) token is a relatively new entrant to the cryptosphere. However, it has already made its mark, and is something that developers and investors have paid keen attention to since its release.Factom joined the market in 2014, and has a unique position in the blockchain that separates itself from others. Factom’s mission statement is to be the “Universal record keeper of the world.”Factom’s developer, Peter Kirby, stated that bitcoin’s network has key limitations that prevent entrepreneurs from launching their apps on the bitcoin blockchain. In order for Kirby’s platform to materialize in the real world, he would need to create an entirely new set of technologies to interface with bitcoin’s immutability.Once data is input into the Factom platform, it is permanent, and uses bitcoin’s blockchain for recorded transactions. This input works as a trustless transaction that can protect it against digital tampering. Any media can be recorded on the Factom blockchain, be it videos, writing, or audio files. The immutability and trustless nature of Factom allows for each file to be verified for their authenticity.Factom uses hashed encryption, the bitcoin blockchain, and it’s own networks to verify three different attributes of files.ExistenceProcessAuditSo far, Factom has verified the legitimacy of 126,000,000 pieces of data, and that number is growing as the platform moves from design to implementation on a wide scale.2. Digital PublishingThe interplay between online publishers and advertisers has created for a combined synergy between the two industries. That synergy and relevancy appears to be sorely lacking, given the amount the irrelevant or ignored advertisements served to online visitors on a daily basis. (Most web surfers have ad blockers, or are simply so used to seeing ads that they do not process their existence at all.)To address the burnout and relevancy issues that these platforms face, a startup called SolidOpinion has pioneered a new generation of pay-per-article advertising where advertisers can bid for targeted views. The platform automatically serves ad spaces above relevant articles on a range of eligible websites.Its blockchain operates with its own digital currency: the Engagement Token. To encourage clicks and views, both content creators and the audience itself can earn tokens by publishing and commenting on unique content. The network’s advertisers can purchase these tokens to serve ads.No advertisement platform would be complete without a way to track and measure an ad’s effectiveness, and Solid Opinion has that covered, too. A core feature of its blockchain is to record the engagement and virality of the content posted. This can then be used by advertisers to make adjustments to their content marketing plans for optimal returns.3. Going Green With Solar PowerIf you
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