Journal Entry: Stamatina Bourret-03/13/2024-Digital Economy Course-Lesson 12-(BNB)

Journal Entry

Lesson 12-Binance (BNB)

1. Specific features and utilities of altcoins influence their adoption and integration into the broader digital economy because each coin has a different audience . Ex/ doge is used for charitable donations or community aspects of cryptocurrencies. therefore people interested in that specific market would be using DOGE. Where other coins focus on other areas. Making those more likely to be adopted by individuals looking in those areas.

2. Altcoins can complement Bitcoin by creating a more inclusive and efficient blockchain ecosystem; by having both the specified coin as well as the generalized Bitcoin building successful blockchain systems by using the differences to add more inclusivity to it.

3. Altcoins like Solana and Dodgecoin play a vital role in demonstrating the versatility and community aspects of crypto because both are used for different community aspects. Dodgecoin being used for more charitable responses while Solana is able to support thousands of transactions per second. So increasing the speed making building DAPP fast and efficient.