Bitcoinos is configured to change the way digital property is managed using the bitcoin block chain. Although Bitcoin has been used mainly as cryptocurrency, Bitcoinos will use its decentralized network to track and verify the ownership of several assets. From real estate and actions to digital identities, this new system aims to provide users verifiable and independent property.
“We are building a basis for people to have digital and digital assets safely without trusting centralized institutions,” said Yago, the founder of the project.
Forming a belief in financial independence
Yago’s belief in financial independence comes from their own experiences. Raised in South Africa in a family of survivors of the Holocaust, he saw the devastating effects of financial control. Some of his relatives were exiled, labeled as criminals to resist the government. When he was a child, Yago even helped his family avoid strict financial restrictions on smuggling gold coins through the borders.
“Controlling access to money means controlling people’s freedom,” said Yago. “Property rights are essential to protect financial independence.”
Solve Blockchain efficiency challenges
Bitcoin introduced a decentralized system to store and transfer money, but their limitations became evident when Ethereum expanded the use of blockchain with intelligent contracts. While these contracts allow decentralized applications to be executed, they require that each node re -execute each calculation, which leads to inefficiencies.
Bitcoinos solves this problem using zero knowledge tests (ZKPS), a technology that verifies the calculations without forcing all the participants of the network to redo the work. This makes the network faster and more profitable.
“Instead of storing the entire process in the block chain, we stored the proof that the process was completed correctly,” said Yago. “This makes Bitcoin capable of supporting large -scale decentralized applications.”
Establish safe property
Yago believes that bitcoins can turn Bitcoin into a platform to verify and ensure property. With bitcoinos, digital records of real estate titles, company actions and personal identities can be kept safely in the block chain.
“Imagine to own your home without the need for government documentation or administer the property of shares without third -party intermediaries,” he said. “That is the world we are working to create.”
Changing to real world applications
Yago compares the current state of the cryptographic industry with a rebel teenager. While the sector has retired against governments and financial institutions, it believes that the next step will imply adopting the stability, responsibility and applications of the real world.
“The industry is evolving,” said Yago. “The experimentation days are changing to maturity, which leads to innovations that solve practical problems.”
Guarantee transparency in AI systems
In addition to the advances in Blockchain, Yago is concerned about the growing influence of artificial intelligence. He warns that without adequate supervision, AI systems could end up controlled by corporations, which limits individual autonomy.
“My son will grow listening to voices of ia that shape their decisions. The real problem is, who controls those voices?” Yago said. “Bitcoinos guarantees transparency and responsibility, which provides control to people about technology that affects their lives.”
Bitcoinos Alpha Mainnet Launch
With the Alpha Mainnet of Bitcoinos that will be launched soon, Yago believes that this marks an important turning point for Bitcoin. By extending their abilities beyond the digital currency, Bitcoin could become a universal platform to track and verify property rights.
“We are building the infrastructure for the digital age,” concluded Yago. “Once people see how Bitcoin can ensure their assets, the potential becomes unlimited.”
Also read: Blackrock presents the first product quoted in Bitcoin stock in Europe
(Tagstotranslate) Bitcoinos (T) Bitcoin Digital Property (T) Property Rights of Blockchain (T) Digital Assets Management (T) Blockchain Platform Segura (T) Cryptographic Property Management (T) Yago Bitcoinos