skripancella
@skripancella
How the blockchain works and how the @swisstronik- project is related to it? #Swisstronik #blockchain #Web3 #DeFi #KYC Swisstronik.com
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skripancella
@skripancella
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.
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skripancella
@skripancella
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skripancella
@skripancella
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.
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skripancella
@skripancella
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skripancella
@skripancella
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.
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skripancella
@skripancella
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skripancella
@skripancella
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.
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skripancella
@skripancella
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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skripancella
@skripancella
@lilita @megabars1k @purson77 @undrake @afishka
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