When a
new product, technology or service is accepted widely by the people due
to its extensive usability and problem-solving approach, it immediately
becomes a thing of the past. It feels like its existence is since many
years although it arrived just a couple of years back.
Now,
people use wireless headphones to listen to music and have completely
forgotten the Walkman. With the advent of the Internet, every
information you need is just a click away on your PC/laptop/smartphone.
With its exorbitant usage, its origin and history are things of the
past.
Same is with Cryptocurrency and Bitcoin.
They are now in rage and their origin is a thing of the past. There
were many experiments carried out to bring in an alternative to the
conventional fiat paper currency. It all started way back in the 1980s
by an American cryptographer named David Chaum.
He invented the first form of Internet money known as “DigiCash” as an
extension to the popular algorithm RSA. It ended up in bankruptcy in
1998. A series of start-ups came up to do something new in the world of
digital currency but failed due to its base on centralization.
The
one who succeeded in digital payments is the well-known PayPal. Along
with PayPal, e-Gold was introduced to the world which accepted gold from
the users in exchange for digital “e-gold” units of currency
denominated in ounces of gold. But it ceased to death due to its dubious
illegal activities.
The
world was in a dying need to have something reliable and decentralized
power. In 2008, a new cryptocurrency named bitcoin was firstly stated in
a whitepaper entitle “Bitcoin — A Peer to Peer Electronic Cash System”
under the name “Satoshi Nakamoto”. There is just a name assigned to the
invention of bitcoin, nobody knows who is Satoshi Nakamoto, is it a
single person or a group of individuals, it is still a mystery.
It
is developed on the concepts of decentralization, anonymity and
blockchain. Apart from these, the previous digital currencies also
experienced a problem called “Double Spending”. It means that suppose a
person has transferred $100 to a merchant, he can also transfer it to
another merchant as well. There were no check posts on these digital
currencies and many people took disadvantage of this loophole,
ultimately resulting in the death of such digital currencies. Nakamoto
also thought of a way out to prevent this “Double Spending”. Here, every
single user connected to the network has to agree upon the transaction
to make it work.
In
the onset of 2009, the first bitcoin was released and thereafter
technology enthusiasts started exchanging and mining bitcoins. Its value
in the initial phase was almost nothing. This is because it was never
been traded and only mined. As it was a decentralized currency, no one
knew its monetary value.
The very first transaction recorded of Bitcoin in exchange for US dollars was when a person name Martti
sent 5050 Bitcoins to an organization named NewLiberty Standard for
$5.02. This transaction made people think how much is the actual worth
of bitcoin.
Prior
to this, no one had ever sold or bought bitcoins, so NewLiberty
Standard came up with its own method to determine the value of bitcoin.
The value of bitcoin was determined by calculating the cost of
electricity needed to generate the coin, from its own electricity bill.
The result was $1 for 1,000 bitcoins.
On May 22, 2010, Laszlo Hanyecz
bought two pizzas worth $41 by providing 10,000 BTC. This day is now
celebrated as “Bitcoin Pizza Day”. Like this, people started becoming
familiar with bitcoin and its value boomed. Bitcoin’s value has seen
many ups and downs in its life till now. The price of bitcoin had reached about $1,000 at the end of 2013. The highest rate achieved till now is about $20k. And now it fluctuates around $10k.
With
bitcoin’s gaining popularity many other cryptocurrencies were released
which are also known as “Altcoins” collectively. These altcoins are
basically developed with the purpose to eliminate the remaining
loopholes of bitcoin. The first ever altcoin is believed to be
“Litecoin”. There are about 1000+ cryptocurrencies in circulation today,
some popular names are Ethereum, Litecoin, Ripple, NEO, Monero, Dash,
etc.
INTRODUCING AQWIRE
AQWIRE aims to build a Global Real Estate Marketplace on the Blockchain
where all players involve can freely transact on one single platform.
This means that buyers can get connected to brokers and agents
seamlessly and hastily. Furthermore, property developers can now extend
their potential customer reach and access buyers that they haven’t
tapped before; the crypto investors.
What makes QEY different?
Unlike most real estate blockchain projects, AQWIRE does not offer fractional tokenization of real estate properties, be it private nor corporate assets. We believe that there are inherent dangers in openly trading illiquid assets.
What we did instead, is that we made it a mission to embed several utilities in QEY tokens that can help reduce, if not totally remove, difficulties present in buying and selling cross-border properties.
By the time the AQWIRE platform goes live, some of these utilities can be used on the platform. And as we grow our network and expand across different countries, more utilities will be added to give even more value to the token. This plan perfectly fits the overall goal of the team — to make real estate processes faster, more efficient and save everybody involved more time and money.
For more information, please visit:
Website: https://crowdsale.aqwire.io/
Facebook: https://www.facebook.com/aqwireplatform
Telegram: https://t.me/aqwire
Twitter:https://twitter.com/aqwireofficial
Medium:https://medium.com/aqwire
Bitcointalk username:Samuel321
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101
ETH ADD:0x5B606c2F10687e77dc7Fe644E429320C6a39Df63
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Aqwire campaign project
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