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Explaining Blockchain technology using DailyCoin’s Bitcoin (BTC) and RoboApe (RBA).

Explanation of blockchain technology with Bitcoin (BTC) and RoboApe (RBA)

A blockchain is an immutable, shared ledger that supports the process of tracking assets and recording transactions on a business network. These assets can be tangible or intangible. Anything of value can be traded and tracked on the blockchain, reducing costs and risk for everyone involved. Blockchains are important because they provide instant, transparent, and shared information that only legitimate network members can access.

(BTC) has a blockchain where validators can confirm transactions and add them to the blockchain. RoboApe (RBA) shares the (ETH) blockchain to confirm transactions. In Ethereum 2.0, Proof-of-Work mechanism will replace Proof-of-Stake. It is energy efficient and reduces Ethereum’s carbon footprint by 99.95%.

RoboApe (RBA) is redefining meme token culture

Education is a necessary component in the spread of cryptocurrency and blockchain. 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 a hot topic in the crypto space and RoboApe wants its users to take full advantage of them.

RoboApe (RBA) can be viewed as a long-term investment option. It is a deflationary sign, meaning the currency is gradually being burned. This will increase demand for the token, resulting in higher value and opportunities for passive income.

RBA token holders will participate in platform governance to influence RoboApe platform development and future upgrades. This is known as DAO and 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 published a white paper demonstrating the model for a blockchain. The rest was history.

Bitcoin (BTC) is the largest cryptocurrency in the world and has a market cap of over $400 billion, nearly half the global cryptocurrency market cap. The community consists of developers, users and miners. It is the first cryptocurrency to be accepted as legal tender by a country, demonstrating its success in entering the mainstream market.

The Bitcoin (BTC) platform runs on a dedicated blockchain. It serves as a distributed ledger that contains transaction details. It relies on a SHA-256 algorithm to encrypt transactions that are sent to the blockchain. This promotes security and leaves no room for interference by third parties.

Countries continue to adopt Bitcoin (BTC) as legal tender, most recently Central African Republic in April 2022. If this continues, Bitcoin (BTC) will be an effective cryptocurrency to hold for the long term. Bitcoin (BTC) has been badly hit by the recent crypto meltdown but is showing signs of a stable recovery. The crypto giant is up 2.68% in 24 hours at the time of writing, prompting investors to add it to their portfolios.

Final Thoughts

Blockchains have effectively launched the crypto market. There are currently at least 1,000 blockchains with four types of blockchain networks. Bitcoin (BTC) is undoubtedly the most well-known cryptocurrency in the world. Crypto experts believe that it is the most effective crypto for long-term investing due to its launch in multiple countries. RoboApe (RBA) is considered a relatively safe long-term investment due to its diverse ecosystem and deflationary model.

To learn more about RodoApe, visit the official website or Telegram. To learn more about presales, click here.

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