ATLAS NOW
LYDIANS OF THE NEW WORLD: CRYPTO 101
Are you aware of how quickly the economic habits of society are changing? Not so many years ago, paper money and coins began to give way to credit cards. Payment systems have been mobilized and facilitated. Now, millions of lira payments can be made with a paper-thin, cotton-light card in wallets. Waiting in line somewhere to pay bills, saving money in piggy banks are a thing of the past. However, all these developments were not the actual change, but the preliminary steps of the main change…
‘We are entering the era of Digital Gold’
Finance Specialist D. Zeller
In 2007, a major economic crisis occurred that shook the whole world
Although it started with the mortgage project in America, its effects shook the whole America, then Europe, and then the whole world. During the process, many banks went bankrupt and many people borrowed money that completely changed their lives. It was at this time that someone named Satoshi Nakamoto published a new 8-page economy project on the internet. The foundations of this project were based on a new economy, a new foreign exchange model, which would be established with the principle of decentralization without being dependent on banks or the financial units of the state, which had lost a great deal of reliability at that time. This sharing was the first example of the concept of ‘Whitepaper’, which explains the foundations, objectives and technology behind the project to be created to investors. Of course, this white paper belonged to Bitcoin, which is seen as the first coin in history.
Buchi Okoro, “Imagine a book where you write down everything you spend money on every day, that’s Blockchain!”
Steve Wozniak: Bitcoin Is No Different From Pure Gold!
Although the system seemed rather complicated at first, it was actually based on Blockchain technology. Blockchain technology was actually transferring the approval and recording tasks undertaken by the state in today’s bureaucratic and financial transactions to thousands of computers around the world. Thus, any exchange (transfer) movement using cryptocurrencies could be recorded without being dependent on only one source. Such a technology has actually been supporting and diversifying the ‘don’t put eggs in one basket’ principle of finance educators for years. The fact that this public and digital registration and approval system is not dependent on the initiative of any individual or institution has attracted the attention of investors, and almost 10,000 crypto currency members using this system since 2008 began to be traded on approximately 3,500 different exchanges.
Total Market Value of Crypto Currencies in 2021: 1 Trillion Dollars
Moreover, this change and approval system was not the only advantage of the most important tools of the digital revolution. Especially after the pandemic process, many countries of the world were involved in an economically difficult process. The states found the remedy for this cash shortage in their countries by printing free money, and this, of course, caused the depreciation of the currencies of the states that adopted this principle. How long this process will continue will always be a mystery, because of course, any government cannot guarantee or promise exactly how much new money it will produce. However, many coins, especially Bitcoin, entered the market with a certain upper limit, as stated in the ‘white paper’ contents of their projects. In fact, in the process of contributing to the blockchain technology and allowing its processors to be used in this way, the software will give 1 BTC (Bitcoin) as a reward, and as stated from the very beginning, only 21 million Bitcoin will be produced. As with many coins, this sets the supply of Bitcoin with very clear limits and gains a huge advantage over any physical currency and significantly indicates the limits of its value.
Of course, the fact that some of the digital currencies specify the supply exactly does not prevent projects that do not act with such a principle. Ethereum, one of the most popular cryptocurrencies today and holding about 24% of the cryptocurrency volume, did not publish itself with a certain upper production limit. However, the feature of the Ethereum project, which will set an example for many projects that emerged after it, is that its sources are open-coded and projects can be produced on top of these codes. Thanks to these projects produced on, what can be purchased with Ethereum and other coins, which hold the feature of being the most used crypto currency in shopping with crypto currencies today?
CoinDesk: Barclays is expected to invest $2 million in crypto markets!
Although states are producing new regulations and opportunities on cryptocurrencies every day, it will not be easy for a system that rivals physical currencies to integrate into the physical world. However, at this point, meta-universes, which have begun to have stock markets as large as physical worlds, come into play.
FREE ECONOMY AT ATLAS SPACE
Setting off with the promise of a brand new world to companies and users, ‘Atlas Space’, of course, also allocates a place to cryptocurrencies in its innovative and sustainable economy plan in the new universe it has created. The Atlas Space universe offers its users brand new and customizable experiences for their business and professional lives. Atlas Space offers an in-app market for those who join its universe, to customize their avatars or business areas created in the universe, which will be created according to their needs. Atlas Space does not limit the economic activity in the universe to this, but offers the opportunity to have the products of hundreds of companies customized to the digital universe and even unique digital works of talented artists. Moreover, all this economic mobility can be experienced with coins such as Ethereum and Solana in their digital wallets. In addition to all these, in this innovative universe, Atlas Space will be able to use its special token, which will enter the market soon.
Atlas Space, which is determined to provide a smooth process to its users during the transition to meta universes, also provides its users with the ability to use credit cards such as MasterCard and American Express.
In our previous article, the process of Meta Universes becoming the popular topic of our day and future, and Atlas Space’s unlimited possibilities, Atlas Space Blog will also discuss topics such as the Digital Shopping Process, the past and present of NFT culture, the difference made by Digitalization in Education, which is another important topic of digital worlds in the coming weeks will be mentioned. In order not to miss all these articles, do not forget to subscribe to the Atlas Space Medium Blog page. For all your questions and comments, you can contact us at the following social media addresses.
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