Where Do Cryptocurrencies Get Their Value?

Where Do Cryptocurrencies Get Their Value – Like regural currency, crypto’s value does not come from thin air or from people simply buying and selling it in large amounts. Its value comes from some purpose that stands behind the coin. In this article we will take a look at some examples regarding this statement.

Ethereum

Where Do Cryptocurrencies Get Their Value – The main value of Ethereum was not so much in ether coins, but in smart contracts. These is a specific program, which is ran only when some specific criteria are met. As an example, the creators of the coin cited the simplest sweepstakes: two network participants bet on the outcome of a football match. After its completion, a smart contract is executed and the winnings are automatically distributed according to the specified algorithm.

The same smart contract principle is implemented in Ethereum Classic (derivative of ethereum). Though, Ethereum Classic aims to keep the system in a classic state without any significant changes, which also affects the forecast of the ETC rate. Unlike Ethereum, which had a major database change in 2016.

When comparing btc to etc or eth, main value-adding advantages are more visible.

Basic Attention Token

Where Do Cryptocurrencies Get Their Value – Basic Attention Token is a utility token based on the Ethereum blockchain network. The idea is relatively simple.

In 2016, Brendan Eich, the software engineer who created JavaScript and founded the Mozilla project, created the Brave Software team and announced a new browser. According to him, the project should solve the current problems of the industry.

The browser itself, like most other modern similar programs, is based on the Chromium engine. It’s open source and comes with built-in tracking protection and generic ad blocking. Instead, Brave encourages users to watch ads voluntarily. According to the developers, it will be targeted, but not purely personal. And all data will be stored exclusively on the device.

Tokens are transferred to the accounts of users, content creators and advertisers using the Brave Payments payment system. From the point of view of the content creator, it looks like this:

–        The user opens the advertiser’s website through the Brave software.

–        The time they spend on the page is converted into tokens for the ad creator.

–        The longer and more carefully the ads are read or watched, the more they pay.

Content creator rewards are transferred every month. In addition, users can arbitrarily transfer tokens to the author they like, as on the same Patreon.

Basic Attention Token and Brave browser are set to change the approach to online advertising. Instead of tracking users through intermediaries, advertisers simply create a database of ads. All data about a person and his preferences, including search history, is stored only on the device, and not on the Internet.

If you want to consider the bat price prediction 2030, you should know that although ver the past month, the BAT price has fallen by -58.857%, eliminating a huge average amount of $0.58 from its current value. This sudden drop means that the coin is in decline right now and this could be a good buying opportunity for a quick investment. For 2030, however, the price is estimated to be north of $10 per coin.