- 8 April 2021
- Posted by: Vincenzo Stefanini
- Categories: Investing & Trading, Technology
As you might already know, last week, US President Donald Trump has been banned from many social media networks (Facebook, Instagram, Twitter, Youtube, etc).
I don’t care if what he said was right or wrong.
The point is that this has been possible because these platforms are centralized. The same could happen to any of us if they don’t like what we say.
Blockchain is the solution that can help us fight back against censorship and protect our freedom of speech because it’s possible to create decentralized social networks, decentralized mobile apps and decentralized websites and obviously decentralized currencies such as bitcoin.
Because bitcoin is decentralized, no person or entity can change any bitcoin transactions.
Also, no one can stop someone else from using bitcoin.
And you don’t have to ask anyone’s permission to own bitcoin.
Centralized authorities don’t issue or control bitcoin.
It’s out of the hands of governments, central banks, and commercial banks.
Ethereum allows you to build decentralized apps on the blockchain.
Also known as DApps (decentralized applications), these new types of apps are resistant to censorship, hacking, and intervention from a central authority.
And because they are decentralized, they can’t restrict anyone from using the platform.
There’s no CEO or founder who can shut down, modify, or restrict what you do.
The next phases of the internet will be built on the blockchain.
Blockchain is a revolutionary technology changing the world.
Investing today in Ethereum (ETH) and Bitcoin (BTC) is a great way to benefit from this trend.
If you are interested in investing in my portfolio, I’m a Popular Investor at eToro.
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