Explaining Blockchain Technology With Bitcoin (BTC) and RoboApe (RBA)
2022.06.23 19:15
Explaining Blockchain Technology With Bitcoin (BTC) and RoboApe (RBA)
A blockchain is an immutable, shared ledger that assists the process of tracking assets and recording transactions in a business network. These assets can be tangible or intangible. Anything of value can be traded and tracked on the blockchain, cutting costs and reducing risks for all involved. Blockchains are important because they provide instant, transparent, and shared information that can be accessed only by permissioned network members.
Bitcoin (BTC) has a blockchain where validators can confirm transactions and add them to the blockchain. RoboApe (RBA) shares the Ethereum (ETH) blockchain to confirm transactions. Ethereum 2.0 will see the Proof-of-work mechanism substituted for Proof-of-stake. It is energy-efficient, reducing Ethereum’s carbon footprint by 99.95%.
RoboApe (RBA) is redefining meme token culture
Education is a necessary component in spreading cryptocurrency and blockchain uptake. RoboApe (RBA) provides its users with the tools to understand blockchain technology in its RoboApe Academy. Users can access a variety of informative articles and videos, and become certified after completing exclusive courses.
The RoboApe (RBA) platform will host a unique NFT marketplace. It will allow users to buy, sell, trade, and mint NFTs for a small gas fee. NFTs have become pivotal in the crypto space and RoboApe wants its users to take full advantage of them.
RoboApe (RBA) can be seen as a long-term investment option. It is a deflationary token, meaning the currency is burnt gradually. This will increase demand for the token, resulting in a higher value, opening up opportunities for passive income.
Holders of the RBA token will take part in the platform’s governance to impact the development of the RoboApe platform and future upgrades. This is called a DAO, and it ensures that the voices of token holders are heard.
Where blockchains began: Bitcoin (BTC)
Bitcoin (BTC) is the reason blockchains exist today. In 2008 a developer working under the pseudonym Satoshi Nakamoto released a white paper demonstrating the model for a blockchain. The rest was history.
Bitcoin (BTC) is the largest cryptocurrency in the world, boasting a market cap of over $400 billion, almost half of the global cryptocurrency market cap. The community is composed of developers, users, and miners. It is the first cryptocurrency to be accepted as legal tender by a country, showing its success in entering the mainstream market.
The Bitcoin (BTC) platform runs on a dedicated blockchain. It serves as a distributed ledger that contains details of the transactions. It relies on a SHA-256 algorithm to encrypt transactions sent into the blockchain. This promotes security, leaving no room for third-party interference.
Countries continue to adopt Bitcoin (BTC) as a legal tender, the most recent being the Central African Republic in April 2022. If this continues, Bitcoin (BTC) will be an effective cryptocurrency to hold long-term. Bitcoin (BTC) was affected heavily by the recent crypto collapse but shows signs of a stable recovery. The crypto giant has risen in value by 2.68% in 24 hours at the time of writing, prompting investors to add it to their portfolios.
Final thoughts
Blockchains effectively jump-started the crypto market. Currently, there are at least 1,000 blockchains with four types of blockchain networks. Bitcoin (BTC) is undoubtedly the most famous cryptocurrency in the world. Crypto experts believe it to be the most effective crypto for long-term investments due to its adoption by multiple countries. RoboApe (RBA) is seen as a relatively safe long-term investment due to its diverse ecosystem and deflationary model.
To find out more about RodoApe visit official website or Telegram. To find out more about the presale, click here.
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