Hello blurt my name is @big-boss

hi blockcahin friends or blurt friends, how are you all, I hope all is well, so friends today I want to introduce myself to friends who are on this blockchain or those who are on blurt because this is my first post on blurt

hey friends, my name is alex or @big-boss I come from Indonesia but I have Chinese descent because my mother is Chinese and my father is Indonesian, I am 35 years old and I work in one of the companies in Indonesia, my hobby is playing bicycles and traveling at home and abroad

The following are some of the most frequently asked questions by beginners in the blockchain industry, but often get lost searching for it on their own.

What are the benefits of blockchain technology, including crypto?

The following are some of the benefits of blockchain technology, but are not limited to:

• Provide rewards (one of them in the form of cryptocurrency) for participants or contributors of the blockchain network - or decentralized app ("application without middleman") on it, for example you participate as a miner and secure the blockchain network, or you become a creator who participates in the beginning -start blockchain-based social media and get bigger rewards because you contribute early.

• Provide rewards for open source developers for developing blockchain protocols, where this reward does not exist in the development of internet protocols that we already know such as SMTP.

• Eliminate or minimize the role, authority of middleman, especially middleman who do not provide great value (commonly called "rent seeking") and processed data that is mostly digital native - for example financial data. Due to the reduced role of the middleman, the fees charged to the user are very small.

• Makes data difficult to hack because the ownership of the data is with the user.

• Making data transparent to the public which is one of the keys to risk management, but this transparent data can be in the form of a pseudonym (aka) and a KYC (Know Your Customer - or submit complete data) process can also be carried out.

• If the data is transparent and permissionless (no permission is needed to use it) it will increase the innovation made by the developer.

• From a trader/investor point of view, investors can participate in ownership (or token ownership) at low prices - at any time - including at the beginning of the establishment of a blockchain project, compared to buying shares in an IPO where the share price is already very high and retail investors are the place to go exit for VCs, besides that it also provides various types of new and out of the box investments for investors, such as yield farming, staking, flash loans, NFT.

• Non Fungible Token (NFT) has a function to make ownership of digital goods (eg digital art, music, video highlights) unique because they are recorded on the blockchain (the ownership, not the media)

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