How the events around Ukraine affected the cryptocurrency. What will change

The latest events taking place in the world can affect the attitude of people towards cryptocurrency technologies. At the same time, blockchain and other technologies have not changed in any way since the beginning of geopolitical upheavals - most of the coins and projects that have attracted interest today were available earlier in exactly the same quality and with exactly the same set of properties.

The change in attitude towards decentralized technologies is based not on a simple interest in these solutions (there have always been enthusiasts and researchers in the blockchain space), but on the impossibility or inconvenience of using the usual centralized solutions. Let's consider several reasons why interest in the study and use of cryptocurrency technologies may grow rapidly in the near future in many countries.

Almost every centralized platform has a blockchain counterpart. For several years now, a huge number of decentralized video hosting sites, clouds for storing files, streaming services for gamers, blogs and platforms for freelancers have been functioning and serving users. Unfortunately, despite the huge work of developers, decentralized counterparts are often inferior to classic services in terms of convenience and ease of use, interface, speed and amount of information available.

However, faced with the inaccessibility of familiar platforms, users will be forced to look for alternatives. And if earlier alternative services were criticized for inconvenience, now they remain uncontested and can somehow function in the difficult and changing conditions of today's reality.

Distributed technologies can play a direct role in creating new economic links between different regions of the planet. Such a development of events is possible if the world is divided for a long time into several opposing parties, leading an informational and economic confrontation between themselves.

New economic ties will differ from the usual characteristic features. Initially, such relations will have a P2P nature, that is, they will be an agreement between two parties without the need for the participation of a third party as a guarantor of the fulfillment of the conditions. The guarantor of the fulfillment of the conditions will be only the program code.

For this reason, such connections will be smaller than before, since ordinary users or small organizations associated with creative and IT professions will enter into relationships. An important feature of such connections will be their pseudo-anonymity and lack of binding to a specific country.

The identification of users on decentralized services is a blockchain address, which is a randomly generated set of numbers and letters of different registers. Decentralized services in most cases do not ask what jurisdiction the users are in, since the services operate according to the same rules for all, the storage and accounting of which is automatically carried out on the blockchain.

In the context of informational and economic confrontations, cryptocurrency technologies can get into the headlines more often than usual and attract the interest of new users due to the use by certain parties. We are talking about both spontaneously appearing fundraising for those in need anywhere in the world, and the potential inclusion of cryptocurrency technologies in the rhetoric of the media. Based on the initial neutrality, technologies can be used by any of the parties - centralized crypto platforms can participate in economic sanctions, and decentralized crypto platforms can help circumvent restrictions.

Citizens of many countries, whose economies are more likely than others to be subject to rapid inflation and the subsidence of the national currency, may need to exchange frequently for more stable currencies. Large banks usually sell dollars and euros above the market price and buy below the market price. A large spread is usually explained by the desire to prevent excessive speculation by ordinary users, leaving this niche for qualified traders and investors with brokerage accounts where you can buy and sell dollars and euros at their market price.

At times of rapid depreciation of national currencies, frequent trading in more stable currencies turns from speculation into a necessity - having received a salary in the national currency, users may prefer to save funds in dollars, however, since dollars cannot be paid, for example, in a local household appliance store, they will be forced sell dollars again for the national currency before making a purchase.

Platforms that make such operations easy and accessible could become quite popular. Whether it will be cryptocurrency platforms with their stablecoins or classic brokerage solutions depends on many factors. Not the least of them is the attitude towards such activities of the authorities of the states of different countries.

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