Blockchain Utility

Blockchain utility refers to the use and functionality of a blockchain network beyond just serving as the underlying technology for cryptocurrencies. In the context of cryptocurrencies, blockchain utility typically refers to additional features or capabilities that are built on top of the blockchain technology itself.

These additional features could include smart contracts, decentralized applications (DApps), tokenization of assets, supply chain tracking, voting systems, and more. The blockchain network enables secure, transparent, and immutable transactions between parties without the need for intermediaries.

By leveraging blockchain utility, users can benefit from increased efficiency, transparency, security, and traceability in various industries and sectors. As blockchain technology continues to evolve and mature, the potential applications and use cases for blockchain utility are expected to expand even further, revolutionizing traditional business models and processes.