Apps, Blockchain, and Digital Currency By Jaritza Flores-Garcia

We know all about apps and how we use them in our spare time and we all know about the term of digital currency that help us save more money but how these apps helped us connected to each other and why does digital currency help shape up the real world? Let’s find out about apps that were made for communication and how does digital currency get involved with the apps to get consumers to buy items in the digital world.

Human users, that’s us, used apps to connect each other through our communication and interaction so we could be more accurate during our spare time but the statistics were huge that according to Forbes.com’s article entitled, The Mobile Browser Is Dead, Long Live The App, Ewan Spence stated that “While users are spending more time on their devices (an average of 2 hours and 42 minutes per day, up four minutes on the same period last year), how they use that time has changed as well. Only 22 minutes per day are spent in the browser, with the balance of time focused on applications.” This quote explained that the more time we spend on our mobile devices, the less time we spend on other activities including sports, watching television, and family time.

Of course, we used apps for social media, gaming, TV, music, sports, work, school, and many others so we could increase our communication skills for our own benefit. Social media played a major in the history of apps that in Wired.com’s article, The Rise of Chat Apps, Mat Honan explained that Facebook is competing against WhatsApp, Kik, Snapchat, Line, KakaoTalk, and WeChat to get more users to enjoy text messaging without the hassle and the company just raised $19 billion to acquire WhatsApp to expand their company for their own sake. Social media could be a big subject for apps but when we use social media on apps more, we get more connected than ever in our society.

Now, we will learn about digital currency and the function it does to make more money for companies. When we use our money to buy items that we need, we have to use bitcoin which is digital cash and the founder of bitcoin was Satoshi Nakamoto when bitcoin was first introduced to the world in 2009, helping us to save or spend money with ease so we could use it later but in Wired.com’s article The Fierce Battle For The Soul Of Bitcoin, Robert Mcmillan mentioned that “Bitcoins aren’t created or controlled by a central organizing body like the Federal Reserve. They’re created—or mined, in Bitcoin parlance—by a global network of computers and governed by the cold rationality of mathematics and the laws of supply and demand. Bitcoin’s algorithms dictate that no more than 21 million bitcoins will ever be created; the math even determines how quickly new bitcoins get added—25 every 10 minutes. (That number drops by half every four years.) And crucially, from the crypto-libertarians’ point of view, the currency straddles the line between transparency and privacy. All transactions happen out in the open, recorded on bitcoin’s public ledger. But because bitcoin isn’t necessarily tied to any user’s identity, it can be spent anonymously like cash, meaning there’s a way to keep governments and marketers in the dark about your spending habits.” This quote proved an informative case that Bitcoins were mined by computers so that they could be used for us to purchase goods and service to help the economy in the real world today. But unfortunately for all of us users, the Bitcoin popularity declined that as stated in Fast Company’s article, How Bitcoin Ends, Douglas Rushkoff made an interesting case about Bitcoin and it’s that Bitcoin discourages transactions from users who purchase all items from online stores and became a less tool for the digital currency.

So at the end of my case, I have a reason to believe that both apps and digital currency are the main tools of our digital world because we used them to connect ourselves with each other and we could save up or spend our money to get us more spare time so we will benefit ourselves and others to make our society more connected in the future.

 

Leave a Reply

Your email address will not be published.