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Social media #Meme.... Like if you #like

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What is Blockchain technology | How it works? Guidance By Coingraph

What is Blockchain?

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

Blockchain technology relies upon a shared record of transactions across a peer-to-peer network of computers. Every computer in the network has access to this shared record and uses special software to participate in the process. The computers on the network verify transactions in chunks of data called blocks. Once a computer verifies the transactions (typically by solving a complicated math problem), the network adds the block at the end of a chain of other blocks. These blocks stretch back all the way to the earliest transactions in the system in an unbroken chain.

Remember, it’s a long chain of blocks that is continuously growing and you can’t alter the chain going through some points in the past. If anyone tries to go to some point in the past and alter a block, then it will alter all the blocks since then. Since there are many peers of blockchain on a distributed system, we can see if any of the blocks have been altered. So, it will be very harder to alter or break any block in the past. That is why we say, a blockchain is immutable or unchangeable.

 how The Blockchain works?

The very simple theme here is that it works as a system where records could be stored that could be verified by anyone and security is guaranteed. That’s why no one can alter the system by editing because everyone using the system would be watching. Blockchain stores information across the network of personal computers making them not just decentralized but distributed. This means no central authority owns the system, yet everyone can use it.

The people who run the system holds bundles of records submitted by others known as blocks in a chronological chain. The blockchain uses cryptography, which is a form of maths used in solving codes, to ensure that records can’t be altered by anyone. Digital coins like bitcoins, ethereum, steem etc use their own blockchain by tracking records of ownership over digital cash so only one person can be the owner at a time and a cash can’t be sent twice.

 How blockchain technology keeps data secure?

Blockchain poises to make online transactions more secure while eliminating middlemen. Since blockchain is decentralized, no one entity or organization can control it. Whenever a new block is added to the chain, computers verify whether the previous transactions actually occurred. Because each block references the block before it, each transaction made down to the original block is confirmed. The blocks of those who attempt to cheat the system look different from other blocks. Since blockchain requires consensuses among all users, the cheater’s version of the blockchain will be disposed of.

Get the more information about Blockchain and other Cryptocurrency on Coingraph.

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Effective Tips for Writing White Paper

Are you a start-up with an innovative project of ICO? Are you thinking of raising fund for your wonderful project through ICO launching?

If your answers to these questions are in affirmative then you need 100% success or at least 85% success in your ICO launch. And the success of an ICO is determined by its effective white paper.

As we already know that hundreds of ICOs have been launching on daily basis but just launching an ICO will not be enough to raise enough capital for your project. Because today, your white paper serves not just as a marketing document, but as your business plan going forward.

What you really need is to write a good informational guide as most of your investors will be looking at it prior to investing in a company. Some projects even write a secondary technical document if the details specifications cannot be accommodated in the first one.

So, today you will learn some useful tips on writing an effective white paper.

An ICO white paper may have 20-40 pages depending on the nature of your project. It must contain the necessary details required to answer technical and non-technical questions by prospective investors or token buyers. The White Paper must be authentic and provide credible information.

Also, the Visual depiction of facts and figures is critical. Ensure that the document looks attractive and help readers understand the topic quickly.

 Key Points for Writing White Paper

1. Problems or challenges in the existing market

An effective ICO white paper will always come out with a problem or challenges in the existing market. Every company or blockchain project starts out with a problem. It can be a problem that we are currently experiencing right now or something that we will be experiencing in the near future. It can vary from anything like how your unused vehicles get hired and give you rent, all the way up to curbing corruption by eliminating middleman from various transactions.

2. Make your project shine with the perfect solution

In this section, you have to suggest a solution to the said problem and convince your potential investors by showing them the real values of your project. Here it is very important to explain in what way your project is different from that of the competitors, how your potential investors can gain from your brilliant idea and provide an analysis of the current market.

In a nutshell, you need to elaborate each and every aspect of your project here.

3. Description of the product

Here the product is not a physical asset like gold but it’s a way of selling your idea with the help of it.

In this section, you will need to talk about the following:

The technical specifications of the product you are launching.

The infrastructure behind it.

How you are going to develop it in the long run.

Roadmap for your company.

Working  Prototype of your product.

A working prototype of your product is not a necessary feature but it acts as a bonus, and if you have one, you need to launch a beta phase in here too. This way, your investors would have a full grasp on the idea you are trying to convey and it will help them better understand your solution if they are able to test out your software or hardware.

This section is the most important part of your document. This is more like you’re unveiling to the world. You need to be truthful and honest here and be realistic about your goals. Lying here to please the investors will do more harm than good as they might not invest in your project if they see something off. Your company’s reputation is at stake here so you will need to announce every little detail regarding your company for transparency purposes.

4. Product commercialization 

Remember, the ICO uses cryptocurrency as its product. And the technology of cryptocurrencies is a both technological and financial.

You should talk about fundamentals; how your product will affect the economy. Marketing is very important here because people would want to see how their investment grows in the near future. You will also need to include your financial roadmap in this section as people who invest would like to see how you will use their money for development.

You must discuss how you are going to market your project to the public in here. If you plan on advertising it physically or virtually, you should state that in this section. You must divulge your financial responsibility to your investors because if people see that you are not capable of handling their money, they would never go for your project.

5. Who will implement the project?

Obviously, the team members will implement the project. Simply answering like this is not sufficient because Investors want to know the faces behind the project.

A team with relevant education, a lot of experience, and proven track record increase the chances of success. This high-value team will definitely attract a lot of potential investors your way. If any of your team members have prior success with a different project, all the better. You will include all their details here, from past projects, job experience all the way up to their LinkedIn profile. You treat this section as an open resume, where your investors can and will be able to check the background of each team member.

If your whole team has an impressive resume, you will have higher chances of securing a lot of initial investors. Because sometimes people are ready to invest in a prominent name knowing that this person’s expertise itself guarantees success. Remember, success attracts investment just like how sugar attracts ants.

For more Tips On How to write White Paper for your ICO Contact Us Now. We are always ready to help you.

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Retail Facts - Vietnam Global Retail Revolution Pay Through Crypto

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Retail Facts - Malaysia Global Retail Revolution Rpay.io - Pay Through Crypto

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Unique retail facts: online and offline integration

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know the facts about India’s part in cryptocurrency

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