Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
ccFOUND (https://shop.ccfound.com/) is a platform that uses Blockchain technology in order to solve the problem explained above of searching for knowledge and wisdom in a similar way to Google. The difference is that instead of working with information search algorithms (which cause chaos), the information will be shared through people themselves, i.e. the information will come from their minds.
The main idea is that people will be able to pay for certain questions, news, etc., to create a payment channel with answers to specific questions or online chats, to publish books that can be bought, to post webinars, etc. In short, the platform will serve all issues related to the transmission of data and information.
Well, the mechanism is quite simple, as the ccFOUND platform itself is responsible for automatically generating a knowledge base by automatically translating all the content, so that each question, answer and comment will appear immediately in all search engines in each country. An important detail is that ccFOUND will gradually decentralize to a Decentralized Autonomous Organization (DAO), where the community itself will ensure the quality of the translation through the planned DAO mechanisms, and members will be rewarded for this, e.g. making translations, proofreading, etc.
FOUND will be the token of the ccFOUND platform, which will be created under the Binance Smart CHain network with the standard BEP-20 protocol for its smart contracts. The main function of the token is utilitarian within the platform as a payment method. The ccFOUND coins have been designed with the idea that they will steadily gain value over time and, at the same time, allow their holders to earn profits in the form of generated tokens. In addition, the token will be used as a form of an identity card.
Maximum supply: 2,000,000,000,000 FOUND
Social Media Links
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Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
BSC/Ethereum wallet: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad
Bitcointalk Proof of Authentication link: https://bitcointalk.org/index.php?topic=5341103.msg57258598#msg57258598
DAO startup. blockchain startup, new social network, ccFOUND
#DAO #BSC #wisdomfound #ccfound #crypto #blockchain #ICO #Cryptocurrency #Altcoin
ccFOUND: The First Worldwide Wisdom Marketplace was originally published in DataDrivenInvestor on Medium, where people are continuing the conversation by highlighting and responding to this story.