Monday, January 30, 2023

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Entrepreneur Meet Godhani all set to enter crypto world as he announces his own token


It has been more than a decade since blockchain has been invented and digital currencies are in the process of taking over the world. Bitcoin, Ethereum, Solana, and many more are decentralized digital currencies secured by blockchain technology. They are being adopted by many countries and becoming the future of the payment industry.

 

A blockchain is a distributed database that is shared among the nodes of a computer network. This concept of decentralization is what gives blockchain the security it is known for. Apart from financial institutions, blockchain is being used in different sectors and research is being done every day to discover and modify the utility of the technology.

As the world moves toward a more secure and privacy-focused future, the appeal of blockchain-based technology grows as; with blockchain, no single person or group has control; it is collectively retained by all the users. Moreover, decentralized blockchains are immutable, which means that the data entered is irreversible and cannot be tampered with.

 

NFTs are also getting media attention as another use case of blockchain as the future of digital art, but it has more utility than just art. Every digital asset can be minted as an NFT, And they are unique as the ledger is supported by blockchain.

Public awareness at Crypto, NFTs, and other blockchain-based tech is at an all-time high, but the public education towards them in the country is still lacking. People remain hesitant in investing in crypto and are often rebuffed by the highly technical knowledge required.

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