How the blockchain works and how the @swisstronik- project is related to it? 

#Swisstronik #blockchain #Web3 #DeFi #KYC

Swisstronik.com

Layer 1 solution designed to build scalable dApps that ensure users' data protection and privacy, while remaining compliant | Built on 
cosmos

The global blockchain market started in 2008 when the Bitcoin whitepaper was published,
and evolved to the first purchase of goods for a cryptocurrency made in 2010. Today, the
blockchain market by component includes networks and services. There are 5 largest
networks (ecosystems of blockchains): Ethereum, Polkadot, Solana, Cosmos, Bitcoin - of
which Ethereum is the largest one with more than 50% TVL (total value locked) of the
global blockchain market.

Interoperability is the ability of different blockchain networks to exchange and leverage
data and to move unique types of digital assets between one another. It contributes
significantly to scalability and decentralization in the crypto space and allows users to
seamlessly interact with apps on different chains.

Anonymity has always been the key philosophy of decentralized blockchain products.
However, the issue is that while being anonymous, all operations (transactions) are still
publicly available and traceable on the blockchain. The users’ anonymity only remains
intact unless someone knows their wallet number - but that would almost always be the
case, eventually.
Moreover, even if blockchain networks provide some level of anonymity, what they
certainly lack is privacy.

But in order to fulfill the true potential of blockchain technology, it needs to
extend to everyday life operations - including those run by corporations: supply-chain
management, client data processing and so on. And for this, the blockchain world has to
cope with the existing legal framework - particularly data protection regulations and KYC
(Know Your Customer) procedures.

But what if there was a solution that would allow regulators to ensure that operations in
crypto are legal without taking away people's privacy? A solution that would solve the
interoperability issue and be user-friendly while staying true to the original philosophy of
decentralization? That is precisely what Swisstronik aims to bring to life.🇨🇭

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