Whether you are a tech enthusiast or just an ordinary person with little interest in technology, have you heard of blockchain and cryptocurrencies in one way or another. Despite appearing in the past decade, blockchain technology has received mixed reviews.
Some believe this technology is a new market tool with enormous potential for growth, while some are still puzzled by its novelty and how it works.
However, Blockchain technology overcame its own challenges and began to receive interest from businesses in different industries, such as finance and insurance. With its growing applications, many believe that this technology can eventually impact our daily lives and change the way we work.
BLOCKCHAIN- THE FUTURE TECHNOLOGY
Blockchain is a decentralized database that stores information in blocks of information that are encrypted and expands over time. Each information block contains information about the time of creation and linked to the previous block, with a time code and transaction data. Blockchain is designed to resist changing data: Once the data is accepted by the network, there is no way to change it.
BLOCKCHAIN TECHNOLOGY RACES IN THE CRYPTOCURRENCY MARKET
The global crypto market size is valued at 1,590.9 million USD in 2018 and is expected to grow at a CAGR of 69.4% from 2019 to 2025. Blockchain technology is a in the most promising upcoming technology trends in the information technology industry. It allows a ledger that can be accessed by the parties to a transaction and can act as a common and immutable repository of all transactions between related parties.
Blockchain technology has also incorporated other cryptocurrencies, including Litecoin, Ripple, and Mintchip. Many financial institutions and banks are deeply interested in this technology, due to its unique and innovative structure with regulators, such as the International Monetary Fund (IMF) and the UK bank are showing considerable interest in this matter.
Outside of finance, blockchain technology holds enormous opportunities across many application areas. Healthcare applications and the public sector are expected to see tremendous growth in the coming years. This is because the implication of technical knowledge is limited to the BFSI segment. The actual model of blockchain is currently being implemented in different core applications.
THE APPEARANCE OF EUSD CREATED A HUGE IMPACT IN THE CRYPTO MARKET
The cryptocurrency market has been feverish about EUSD coins recently, with enormous potential and a diverse ecosystem that has helped this cryptocurrency take a foothold when it first appeared. Let’s find out what special it is and can do such extraordinary things.
EggsBook USD is the cryptocurrency used in the game ecosystem EggsBook. It is known that EggsBook is a decentralized game that simulates investment and trading through developing a small fish farm. Players need to understand the game policy and rules before participating. The game is built on Blockchain technology and uses cryptocurrencies for transactions.
With a “giant” ecosystem behind the support for EUSD, of course, when just launched, it was immediately targeted by investors around the world and included in the list of “potential coins of year 2021”.
In addition, users who own EUSD gain control over their personal information and financial data. In particular, prevent identity theft when dealing with fiat currencies or paying via credit cards.
Besides, other ecosystems like 123Betnow ecosystem and other ecosystems that launch later will also use EUSD as an official cryptocurrency to join and exchange as well as the issuer team. EUSD has specific issuance strategy as follows:
First: Use USDT to load into the EggsBook ecosystem and convert to EUSD
Second: Direct conversion when loaded into the 123Betnow ecosystem and later ecosystems.
Third: EUSD will be allowed to buy and sell widely through famous exchanges in the world
EUSD cannot be counterfeited because it does not exist in physical form and this digital currency exists under a single set of encrypted bits on the Internet and EUSD’s profitability will be very high when it has a lot of development potentials in the future.
Finally, every transaction as well as information about EUSD is public on Blockchain, can be checked and used in real time. Because EUSD’s protocol is encrypted and built on a decentralized network, no single person or organization can interfere, control and dominate it. This is exactly the reason for the transparency of EUSD cryptocurrency.
The global economy is in crisis due to the impact of the Covid-19 pandemic, this is the right time for EUSD to be the currency that the whole world wants to own.
Through the above information, it can help investors and traders better understand EUSD and will come up with appropriate strategies to increase profits in the future.