How are cryptocurrencies like Pieta helping startups?

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In the current scenario, blockchain is envisioned as cutting-edge technology at a global front. It holds an utmost value because of its wide-ranging applications in various fields including cybersecurity, logistics, policy enforcement (smart contracts), etc.

The blockchain is a technique used for storing records of data and transactions in a public, distributed ledger, where the stored information is immutable and secured but can be easily verified in case of disputes.

Do you know why this technology has gained tremendous success in its infant age? What are those features which makes it an indispensable need for smart start-ups? We are presenting some advantages of blockchain technology and cryptocurrency for startups.

Secured and Verified Transactions

The format of cryptocurrencies like Bitcoin is designed in a fashion that it is based on an international network of miners, who gets a reward for their PoW (Proof of Work) that verifies the crypto transactions and keeps them secure.
 

No chance for overwritten

The blockchain technology is designed in such a way that transactions will be recorded in the form of a long chain of blocks in only successive orders and so no blocks can be revamped or overwritten.

Increasing demands for blockchain

Blockchain is an asset for startups and the demand for blockchain technology is very high at the international level because of its ample utilities.

Secured and Fast Payment Mechanism

Cryptocurrencies are secured payment mechanism which enables quick and cross-border settlements in the easiest manner. Apart from a payment mechanism, Cryptocurrencies effectively execute PoW & PoS.

Cryptos are an advanced and fast-moving asset

In the digital era, Cryptos are also used as an advanced and fast-moving asset. Young generation considers crypto better than traditional assets like gold, silver, stocks, and bonds.

Faster and Easy Funding

ICOs (Initial Coin Offerings) of cryptocurrencies help the blockchain startups in getting the funds easily and quickly while publicizing the blockchain ecosystem at a global front.

Pieta is one such cryptocurrency - The most anticipated tokens in terms of popularity as well as profitability. Pieta has broken new ground by inventing an ecosystem which uses solar energy for crypto mining on blockchain and turning the mining as affordable, accessible, and above all- eco-friendly affair.

The mining cost becomes low with the use of renewable solar energy and the latest X20 hashing algorithm that keeps mining equipment cool and also lessens the energy consumption up to 50%.

Pieta has transformed mining into a profitable as well as an accessible task for everyone, regardless of their technical and financial powers, by providing an easy and globally-accessible mining platform that let merchants, customers and businessmen make crypto payments throughout the world through a point-of-sale network. Moreover, it incentivizes miners for all their activities on the platform to frame a rewarding and optimistic network.