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Blockchain technology is constantly being modernized, the market coverage and the number of people and projects involved in this topic are increasing. Each new startup tries to surpass its predecessors, creating something more perfect, taking into account the existing advantages and disadvantages of earlier projects. Today we will talk about one of these projects, which after analyzing the existing shortcomings of the industry creates an improved and devoid of shortcomings model of its own blockchain ecosystem with an expanded range of features and functions. This project is designed to create a decentralized society of the future with its economy, providing people around the world with better tools than the institutions of the financial and social sector functioning today.
LocalCoin is an already functioning decentralized exchange, a secure wallet for storing assets, a social network, an anonymous payment system, and much more.
LocalCoin has gone the way of the maximum possible decentralization, eliminating the shortcomings that are standard for most blockchain projects, which are beginning to forget what the technology of the distributed registry was created for and are led by the authorities. LocalCoin is developed by specialists with extensive experience, the system they have created is impressive and gives hope that not all for personal gain are able to betray the basic idea of the blockchain - decentralization and independence. The platform is able to provide a full range of services, the main of which are:
All transactions on LocalCoin are encrypted, transfers are completely anonymous. Each user is responsible for his wallet, because the platform here acts only as an intermediary, the developers do not have access to any of the accounts of registered users, so when you register the wallet, you will need to save a backup copy, otherwise you will not be able to access your account in case of anything. Transactions on the platform fly at the speed of light, processed 100k TPS, it's even more than visa and Mastercard!
LocalCoin is a unique project that gives the world convenient tools to build a decentralized economy of the future, in which there will be no corruption and bribes, where citizens do not have to report for their own savings to the regulatory authorities and pay taxes on the construction of another mansion for the official. LocalCoin is a promising technology, which undoubtedly in the future is able to turn the whole world order and return power to people. The project has everything necessary for this, a highly qualified team of specialists, reliable partners and a working product that surpasses the traditional financial model that has been developing in the wrong direction for centuries. In General, the project is very interesting and with global goals, for more detailed information you can follow the links below.
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