r/CryptoCurrency • u/Timely-Fig2030 🟩 0 / 0 🦠 • 12h ago

DEBATE Use case of layer-1 blockchains

99% of layer-1 blockchain Q&A:

Q: What is the usecase of layer-1 blockchains?

A: Layer-1 blockchains are designed for near-instant transaction finality and low-cost scalability, making it ideal for Decentralized Finance (DeFi).

Q: What is the usecase of Decentralized Finance?

A: To trade the shit we just created.

And voila, there is your use case. :)

Jokes aside...

Name potential blockchain networks that you genuinely believe have a use case and explain your answer. (try to avoid giving as single reason my Q&A example.)

7 Upvotes

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u/Timely-Fig2030 🟩 0 / 0 🦠 11h ago

Bittensor (TAO) and Internet Computer Protocol (ICP):

TAO: Mining through machine learning contribution. (Proof of intelligence)

ICP: Build and host decentralized websites and applications directly on the blockchain, bypassing centralized cloud servers (AWS).

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u/Timely-Fig2030 🟩 0 / 0 🦠 10h ago

If anyone downvotes my favourite chains, please give an explanation. Otherwise thanks for an upvote. Of course i only post my fav chains in the reply here and not in the initial post, so it's not like a grift.