Do all cryptocurrencies use blockchain? As it has been shown for Hedera Hashgraph, it’s not obligatory. At the same time, an opportunity to use blockchain beyond Bitcoin is quite recent. The decentralized cryptocurrency bandwagon’s diversity and the variety of ways to use these bitcoin alternatives make atypical blockchains a force to reckon with.
It’s not necessary to use a “standard” blockchain in order to build your own cryptocurrency. “Atypical” blockchains are widely implemented in a great range of areas (the banking industry, the gaming industry, the real estate industry, etc.). In gaming, blockchain is leveraged to purchase in-game items and remove the large corporations’ intrusion (they often eat up a large chunk of the game developer’s revenue). In the real estate industry, blockchain works as a boon for real estate customers, who do not have to pay the middlemen a significant sum (1-2% of their total property value).
Atypical blockchain networks are also being used for managing entertainment and sports events. Some platforms are even using their native tokens for supporting sports talents!