⛓️Our Use of Blockchain

We're a Web3 company

What is blockchain?

Simply put, a blockchain is a list of transactions on an immutable ledger that anyone can view and verify within the blockchain network. This means:

  • higher security because sensitive personal information does not need to be divulged in order to complete a transaction and a peer-to-peer network checks the accuracy of the blockchain

  • it's trustworthy because it is not maintained by any one individual, group, company, or even government.

  • the elimination of middlemen, since the accuracy of transactions being made is verified by vast computing power

What is Web 3?

Web 3 is a new phase in the evolution of the World Wide Web which emphasizes decentralization, blockchain technologies, and a token-based economy. This new iteration of the web comes with several distinctive features and concepts:

  • Decentralization: Unlike the current web (Web 2.0), where data and content are centralized in a few major service providers, Web 3 aims to distribute data across many nodes, reducing the control of big corporations over the internet.

  • Cryptocurrencies and Tokens: In Web 3, cryptocurrencies and digital tokens play a vital role. They are used for transactions, to reward users for various activities, and to facilitate governance in decentralized applications (dApps).

  • Artificial Intelligence and Machine Learning: These technologies are integrated to enhance the usability and functionality of the web, making it more responsive to user needs.

Why Do We Utilize Blockchain and Web 3 Technology?

  1. It is a free way for us to go global since the network is far and wide, and anyone can participate.

  2. It's more secure so everyone is more protected from having their personal information hacked or stolen.

  3. It's transparent so we can share our data publicly and get your input and feedback as we grow.

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