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Posted by17 hours ago

The advancement of cryptography technique and blockchain technology has made cryptocurrency an alternative medium of exchange. Since its launch in 2009, the existence of cryptocurrency is becoming increasingly well-known throughout the world. It has attracted so much attention due to its unique characteristics. In order to fully grasp into the cryptocurrency revolution, it’s important to understand the fundamental aspects of cryptocurrencies and blockchain technology that make it so revolutionary and game-changer.

In traditional fiat currencies, central authorities and banks control the financial system. However, with Bitcoin and other cryptocurrencies, these transactions can be processed and validated by a distributed and open network that is owned by no-one. In all cases, that central authority becomes the central weakness that leads to the demise of the currency.

Since there is no need for a central authority, users do not need to identify themselves when transacting with cryptocurrency. When a transaction request is submitted, the decentralised network will check the transaction and verify it and record it on the blockchain accordingly. Cryptocurrencies, like Bitcoin, use a private key and public key system to authenticate these transactions. This means users can create anonymous digital identities and digital wallets to transact on the decentralised system and still be able to securely authenticate their transactions. This all adds up to give many crypto projects a chance of success. Moreover, these projects continue to strengthen crypto and make it more popular. This is made possible by truly innovative projects such as With Bind, we will have access to a clear ecosystem that will make crypto transactions as easy and fast as banking apps, making quick purchases and instantly converting currency to fiat and back. In addition to additional profits for merchants who will be listing their goods on the platform, it is also an opportunity for us to earn money.

Posted by9 hours ago
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Posted by3 minutes ago

Are you excited for the Punk concept Metaverse, which was created using Web 3.0 infrastructure and up-to-date technology and libraries?

WEB 3.0

Web 3.0 represents the next iteration or phase of the evolution of the web/internet and potentially could be as disruptive and represent as big a paradigm shift as Web 2.0 did. Web 3.0 is built upon the core concepts of decentralization, openness, and greater user utility.

Berners-Lee had expounded upon some of these key concepts back in the 1990s, as outlined below:

- Decentralization: “No permission is needed from a central authority to post anything on the web, there is no central controlling node, and so no single point of failure...and no ‘kill switch’! This also implies freedom from indiscriminate censorship and surveillance.”

- Bottom-up design: “Instead of code being written and controlled by a small group of experts, it was developed in full view of everyone, encouraging maximum participation and experimentation.


About Community

An initial coin offering or initial currency offering is a type of funding using cryptocurrencies. This subreddit is a location for posting those offerings
Created Feb 19, 2013






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