At the beginning of January, we celebrated the 10th anniversary of Bitcoin’s creation. The last decade has been one to remember. In more ways than one!
On the one hand, we have seen rapid technological advances around — and growing public awareness of — blockchains.
On the other, we have observed a huge amount of ICOs that either did not deliver on what they promised or never delivered anything at all.
That reminds us that BUIDL is just as important as HODL!
We should evaluate crypto projects based on how well they are actually solving real-world problems. Not just on how high a polished white paper and a fancy website can pump up a cryptocurrency’s price.
BlockStamp is one crypto project that passes this “BUIDL test” with flying colors.
Instead of empty promises, the team has made a fully functional open-source platform that supports a growing ecosystem of user-friendly software applications.
A basic BlockStamp application is based on the possibility of transparently sealing up to 1 MB of data into a block on the blockchain. That’s enough room to accommodate both small hash values to serve as timestamps as well as larger files themselves.
Any attempts to manipulate data that has been timestamped or stored this way will be obvious in the future. The BlockStamp blockchain therefore acts as a digital bookkeeper or notary who can prove that certain data existed at a specific time.
Considering the importance of data security in the modern digital world, BlockStamp offers tremendous practical value across multiple economic sectors!
BlockStamp timestamping and document storage can, for example, help protect copyrights, patents, or property rights.
And not just for businesses — important personal transactions like repairing your car or selling your house can be safer, faster, and easier with BlockStamp!
Link : https://wn.nr/hfd6h8