Tokenization of

CN
by Crypto Noob0 views·Updated May 7, 2021
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  1. Hey Krypton News, I am back with a new video
  2. and this time I am going to talk about korda.
  3. No as usual don't forget to smash the like button
  4. and subscribe for the youtube algorithm.
  5. So what is called a no and why am I
  6. invested in the long term?
  7. Giordano is a Blockchain platform that is open source and
  8. decentralized. It facilitates peer to peer transaction with its internal
  9. Cryptocurrency 88 cardinals purpose is to create a platform built
  10. for a sustainable future to help people work better together
  11. and build global solutions.
  12. Now a lot of ethereum investors and Cardona investors compete
  13. with each other while they really like ethereum I think
  14. Giordano is much more efficient and solves a lot of
  15. issues within the ethereum platform.
  16. One of them being the extremely high gas fees at
  17. E T h charges.
  18. Why is this?
  19. Because if their game uses a consistent consensus mechanism called
  20. proof of work, where it validates transaction using this method
  21. requires minors to solve complex equations that are back by
  22. cryptography. Due to this, mining requires much more energy while
  23. proof of stake, on the other hand makes transaction much
  24. more efficient because there are no complex mathematical mathematical equations
  25. in proof of state.
  26. Our society and financial markets are based on transactions and
  27. contractual agreements among people and entities interaction and transaction between
  28. the society and entities is based on trust.
  29. So how can Cardinal this shrub or evolved society.
  30. Cardinal will be able to issue tokens that can represent
  31. real assets.
  32. Thus the transaction can be completed accounted in the Blockchain.
  33. Let me give you examples of scenario for which it
  34. could be useful for.
  35. Let's say you're from the US and traveling out of
  36. the country somewhere in South Africa for invocation and while
  37. on vacation you get sick and the doctor in South
  38. Africa needs to access your medical information in the U.
  39. S. How can the doctor in South Africa get those
  40. medical records?
  41. Well your primary physician in the US can just give
  42. your records to the South African doctor.
  43. They have to verify the identity of the African doctor
  44. as well as your identity.
  45. So how can that be solved?
  46. Cardinals technology can be implemented in so many ways.
  47. I think about this.
  48. Cardinals watching can be used to verify that information within
  49. its Blockchain and with that said there are also other
  50. issues that Blockchain can be used for within the inefficiency
  51. within the government, financial system, insurance, education and etcetera.
  52. To summarize it all Korda.
  53. No is a third-generation Blockchain that uses technological advancement from
  54. previous generations of cryptocurrencies.
  55. It is still in some of the early stages of
  56. growth with the current market cap of $50 billion.
  57. I really do believe that Cardinal still has the potential
  58. to grow even larger.
  59. But that said, help me grow this platform by liking
  60. this video and subscribing to my channel for the Youtube
  61. algorithm.