LeoFinance V2: A Universal Crypto-powered Blockchain Blogging Interface

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Reading the latest update by @leofinance on LeoFinance V2 Roadmap and Release Schedule convinces me that Hive is finally unto living out the Web 3.0 realities through the leoFinance community. The present development surrounding the LEO ecosystem is a leap into the multi-faceted possibilities that blockchain and cryptocurrency technologies provides.

few days ago, I explained in this post a diversion in the focus of blockchain leaders from the core with which the blockchain should have provided due to what I called "unhealthy competitions". The centralized financial and socialmedia systems are finding it easy to excessively tax and dis-incentivise users because of the long network. An attempt to create an alternative solution would be possible when there is a synergy in like-thinking individuals that are on the forefront of blockchain and crypto BUILDing.

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The strength of blockchain and crypto technology would be tangible when there is "building to complement" rather than building to compete. No two chains are built to perform the same exact functions even if they are forks of the same blokchain. Very closer to us is the Steem-Hive and Steem-Blurt forks. A cursory look at the three blockchain reveal a similar-looking protocols which greatly vary in terms of community, tokenomics, governance and a lot of other features.

A reflection of the above brought me to the conclusion that @Brofund's DreamR project has the capacity to surge mas adoption to decentralized blogging powered by cryptocurrencies. This is because the project looks at the possibility of unifying earnings from the various crypto-backed blogging blockchains.

A test case showing the power of blockchain collaboration is the growth of DeFi which has pooled billions of dollars in few months and has caused a great attraction to the blockchain space. This is why we are seeing traditional financial institutions begin to keep a gaze at DeFi and they now long to join us.

Back to the focus of this write, I see the new LeoInfra feature of LeoFinance as a tool to enhance a synergy amongst multiple blockchains. This has the potency of pulling together the individual strengths of the connected chains into a singular pool of great value that would be difficult to ignore by the centralized systems addicts.

Bridging between chains is an amazing development to Hive via the Leofinance community. This will go a long way to deal with the onboarding bottlenecks.

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If you ask me, I would say that wrapped-LEO is the biggest development that has happened on the Hive blockchain not because it has caused a pump in LEO price, not attracted more users to the Hive blockchain but because an inter-blockchain link has been built that makes the crypto space look more like a community and not a singularly owned venture as seen in the centralized systems.

We are finally approaching the realities of Web 3.0 with the development on LeoFinance V2. Paramount of the features is the provision for cross-chain user interactions and engagement which has been a huge hindrance to adoption over the years. WHile many crypto enthusiasts have seen the potentials of the Hive blockchain, but most find it difficult to adopt because they can't afford to start afresh to understudy the operations of a "new" blockchain when they already have huge holdings in BTC and ETH and other older chains.

At LeoFinance, our overarching mission is to onboard new users outside of Hive. Out of the gate, our target is Ethereum blockchain users. These are users who are already familiar with crypto and blockchain and who generally fit our target audience of being financially-oriented.

This is why I choose to say that LeoFinance V2 is a "Universal Crypto-powered Blockchain Blogging Interface. The possibility of allowing account holders in other blockchain to interact and transact in Hive blockchain is a priceless development.

As shown above, the first screenshot is a sign-up option from an ETH address through METAMASK such that LeoInfra does the following in a few clicks:

  • Creates a Hive account for the user
  • Links it to their ETH address using Custom JSON
  • Delegates some HP for RCs

Beyond that, there is the possibility of the ETH account earning LEO rewards on Hive in form of wLEO which the ETH blockchain understands. All these is just possible with one click to take those LEO rewards on a Hive post/comment and auto-convert to their ETH address as WLEO. See a demo screenshot below.

I sincerely salute @khaleelkazi and his team foe thinking this huge development in LeoFinance. This is actually proving https://leofinance.io as a blockchain-based social media community for all Crypto & Finance content creators and investors.

Head unto this post to learn more about LeoInfra and LeoFinance V2: https://leofinance.io/

 

 

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Posted Using LeoFinance Beta



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4 comments
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The possibility of allowing account holders in other blockchain to interact and transact in Hive blockchain is a priceless development.

I believe this to be absolutely true as well. The truth is that these interactions creates a healthy co-existence and one of its advantages is giving people who do not even know about Leo or hive to be precise to opportunity to see the gem we have here waiting to explode to the world. Beautifully written sir. Wow.

Posted Using LeoFinance

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You made mention of ethereum holders earn Leo on hive in the near future, wow that is a great one coming.very soon i will be an ethereum holder.

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This Leofinance-Ethereum collaboration is a really huge one. It will not only contribute to the growth of LEO alone but to Hive blockchain generally. It is synergies and collaborations of this sorts that will foster crypto adoption.

Posted Using LeoFinance Beta

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WLeo is a big breakthrough! The integration with the Ethereum protocol brings a series of benefits and possibilities! Leo to the moon! great post! Thank's!

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