Although people are gripped with fear and doubt about the evolution of cryptocurrencies and the Blockchain technology, it still does not dispute the fact that the Blockchain technology has some advantages that the masses can adopt and incorporate into their businesses and any other transactions.
An important feature that came with the introduction of the Blockchain technology is the smart contracts. The smart contract allows all parties involved in the transaction to have access to the history and all other records related to the transaction. This makes the transactions transparent and ensures trust amongst the parties involved.
There are other advantages such as the elimination of middlemen in transactions, faster cross –border money transactions, decentralization of power and its immutable or otherwise unchangeable nature.
Many a time, transactions that could have been completed within the shortest possible time are prolonged by numerous, middlemen and this incurs extra costs which could have been prevented. The Blockchain technology involves just the relevant parties and eliminates all the intermediaries.
Furthermore, the Blockchain technology does not hand over power into the hands of a single entity, thus, no single authority or person can manipulate affairs at the detriment of others. Also, no information can be altered on the Blockchain.
The fore mentioned advantages sum up to provide a transparent, secured and trustworthy technology that can be adopted by almost every sector, be it health, sports, business, etc.
Considering all the benefits that the Blockchain technology offers, many people believe that this amazing technology and cryptocurrencies indeed have a lot to offer in the future. As it stands now, even the most ignorant person of the crypto industry has heard something little about Bitcoin. Bitcoin has been used for several transactions globally and has even allowed transactions to be made between individuals in different geographical areas.
Interestingly, numerous Blockchain –backed projects have sprout up recently, however, only a small proportion of these projects actually function and become successful till the end. Many of these projects fail to see the light of the day and it leaves investors devastated, disappointed and heart broken. These disappointments give a bad impression about the crypto industry and deter others from investing in it. In the end, the chance of the cryptocurrencies to be accepted by the masses reduces.
The Maternet team believes that some of these new Blockchain-backed projects have very interesting ideas that will help make the world a better place for us all, however they do not get the acceptance from people and the project collapses in the end.
The Maternet team will build communities and get real users for the proposed projects. The team will help upcoming projects and existing projects to get the public to adopt their idea and patronize it. As users get satisfied with the idea, the patronage and advertisement will increase and others will also start buying into the idea.
- Masternet will help prevent the “death” of good and lucrative projects.
- Masternet’s idea will help create a good impression about the crypto industry and this will contribute to the mass adoption and acceptance of crypto-related ideas and the Blockchain technology.
- This idea will also help in stabilizing the coins of the projects that are part of the Masternet ecosystem.
- Project initiators will now be saved from the headache of not getting people to patronize their ideas; they will now have communities that will give it a try.
The MASH Token is an ERC20 token that is based on the Ethereum Blockchain. T o be part of the ecosystem, users will be required to secure a place using the MASH Tokens.
As more people patronize the Masternet platform, the MASH token will also increase in value.
Visit these relevant links for details on Masternet and the Akasic Network
Masternet Website
Masternet Telegram Channel
Masternet Telegram Chat Group
Masternet ANN Thread
Masternet Whitepaper
Akasic Whitepaper
Akasic Telegram Channel
Akasic Global Chat
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