Decentralization and Scarcity — Blockchain and the Cultural Industries

The decentralization of applications and services is one of the driving concepts of the markets and commercial environments that will be established with the emergence of blockchain technology. But there is a second crucial shift that has been caused by blockchain technology: by presenting an entirely new way of dealing with algorithmic validation of peer-to-peer transactions, Bitcoin introduced the concepts of scarcity and value to the digital world!

Source: Decentralization and Scarcity — Blockchain and the Cultural Industries

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