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RE: 100 Steem for your thoughts on blockstack

in #blockstack6 years ago
  • In my opinion at this moment clearly we can't say if this space is better or inefficient than other Blockchain Space. We all know that this world is Transformingand Transforming world needs the real ingredients to come up.

Blockchain Space is evolving but yet this space is not adopted as we are expecting and Technology is powerful but users 👥 are lacking Knowledge or Confidence in this space.

Security is utmost Priority without any doubt and good to know that Blockstack Blockchain is coming up with Authentication and DATA Storage services which is most vital because we are in Big Data times.

But every Project try their best to bring their Products and Services on top but the most important aspect for Blockchain Projects is Survival.

  • In my opinion Long Term success can be determined by, how much effectively particular project is collaborating and partnering with other space and projects to spread the Ecosystem of respective space.

I've read one of the Blog regarding Blockstack Blockchain and in that blog it's mentioned that Blockstack partnered with Blockchain.com and it's reflecting that Blockstack Blockchain spreading their Ecosystem.

More Partnerships means more Promotion and Learning Curve for the world. Not just that Partnerships improves the effectivity of services and boosts the Service Expansion Points.

Application Centric Blockchain space is always a great ingredient because diversified Applications can come into existence with diversified use cases and that's the beauty of Application Centric Blockchain space.

  • As per stackstoken.com, Token use case is defined as below.

Stacks tokens are consumed as "fuel" when users register digital assets, like usernames, or when they register/execute smart contracts. Using Stacks, developers can build and distribute apps that let users maintain ownership of their data and protect their digital rights.

In my opinion we have to yet see how Token Economics will work but Theoretically above definition is giving the initial picture of it.

Genuinely i have to dig deep into this Ecosystem more to know about the whole so for now it looks awesome and in my opinion one more Application Centric Platform is added to Blockchain Space.

@knircky, Keep up the great work and stay blessed.

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