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DISRUPTIVE TECHNOLOGIES Joel Rodriguez Erick Lidioma - Coggle Diagram
DISRUPTIVE TECHNOLOGIES
Joel Rodriguez
Erick Lidioma
BITCOIN
Censorship restraint
anonymous transactions
One of Satoshi Nakamoto's, the anonymous creator of Bitcoin and it's blockchain network, core philosophical beliefs is the right to privacy
truly descentralized financial asset
decentralization acts as a checks and balances system before blocks are added to the chain
Hard Cap Of 21 Million Bitcoin
The hard cap of 21 million is built into the core of Bitcoin's code.
WIKI
Collaborative
allows multiple users to create, edit, and publish content
Term Origin
The term "wiki" comes from the Hawaiian word "wiki wiki," which means "quick" or "fast,"
reflects the ease and speed with which users can
update content
modify wiki content
Version control
Wikis typically have a version control system that tracks changes made to content over time
This allows for
transparency and accountability in the editing process
ability to revert to earlier versions if necessary
Cryptocurrency
What are cryptocurrencies?
A cryptocurrency is a digital asset that uses cryptographic encryption to guarantee its ownership and ensure the integrity of transactions
How do cryptocurrencies work?
A decentralized database, blockchain or shared accounting record is used to control these transactions.
CHAT GPT
Human-like Text- With its Natural Language Processing program
Interactive Responses
Because it works on Reinforcement Learning with the Human Feedback model
NFT
Before we dive into what makes NFTs valuable, let's first understand what they are
Scarcity
there are only a limited number of an NFT available, its value is likely to be higher
OpenSource
A software helps facilitate more rapid innovation as it encourages the sharing of resources and information
Freedom
users also have the opportunity to help other developers and programmers to utilize the open-source software
DE-FI
Programmability
Highly programmable smart contracts
Immutability
Tamper-proof data coordination across a blockchain’s
REFERENCES
https://argoblockchain.com/articles/5-features-that-make-bitcoin-a-unique-asset-class#:~:text=Bitcoin's%20network%20effects%2C%20immutability%2C%20censorship,as%20a%20unique%20asset%20class
https://www.analyticsvidhya.com/blog/2023/03/__trashed-12/&ved=2ahUKEwiI5sP0qvP9AhUqibAFHV_CBOoQFnoECAcQBQ&usg=AOvVaw0LvxUeN7wbDp3QCcAhkAgT
https://www.nftgators.com/what-makes-an-nft-valuable/
https://consensys.net/blockchain-use-cases/decentralized-finance/
