Ideal Technology That Can Change Your World Using Blockchain Baas

Ideal Technology That Can Change Your World Using Blockchain Baas

In the digital world Blockchain is the technology to maintain the growing list of records. Blockchain technology created the backbone of a new type of the internet. Originally devised for the “Digital currency”, “Bitcoin”, the tech community is now finding other potential uses for the technology. Basically, Blockchain is the incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. In each transaction generates the hash value and every time it will follow the order at the same time previous transaction hash value.

P2P Technology: Bitcoin is first popular crypto coin. Bitcoin is an innovative payment network and first decentralized digital currency to send money from one person to another person without involving third party brokers, such as banks. You only need a computer to make transactions because Bitcoin is fundamental software. Bitcoin is open-source, and it will use the P2P (peer to peer) technology. There is no official Bitcoin price. Bitcoin price is whatever people are willing to pay: Coin Desk’s price index is a good recourse.

Digital Currency Technique: Block chain is a distributed ledger that keeps records of digital transactions. Instead of having central administrators, like a bank or the government, Block chain organizes data in batches called blocks. Block chain solves the most challenging problems of Digital transaction.

ďƒź To provide high security. ďƒź Not worried about counterfeit currency.

ICO offers public trust to build the business by using cryptocurrencies technology. ICO software mainly is focusing on starting a new business in the market. ICO has a concept of cryptocurrency funding by using investors share value using a token system. Investors can spend the currency through Bitcoin and Ethereum. The token is used on the market when the project launch and their business starts.

ICO Plan: Private ICO helps to act for the founder and advisers to pitch the products on the market before launches. It can be a solid amount of money raised by the people who already have an account in the market and known person. The crowd funded has started before the sales enter the market.

Public to collect the fund in the unknown marketplace using cryptocurrency or Bitcoin method. Whether the product launch the market BTC were running automatically to initiate the business. Once the project completed the fund will raise based on the competitor.

A start up company has the major role to start the business through Blockchain technology. Here we use Bitcoin as a process to build the website or business platform to the customer. Henceforth the Blockchain will work based on customer ideas and cost of the project which will return the customer money without fail.