How ambitious young projects are connecting Distributed Ledger Technology and music
Cointelegraph
Published Apr 01, 2022 07:00AM ET
Updated Apr 02, 2022 09:40AM ET
Blockchain is simple to understand at a basic level, existing as a distributed database, where different devices distributed across the network must verify the entries posted. As a result, blockchain is most well-known for decentralization, anonymity and security, all of which are evident in the first cryptocurrency, Bitcoin (BTC). While many are quick to associate Bitcoin with blockchain, this is only one of the possible use cases for the technology.
One of the most notable use cases right now is the music industry, where creators have gained new opportunities to connect with their fans directly, further eliminating the need for an intermediary.
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Written By: Cointelegraph
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