Vitalik Buterin, the Founder of Ethereum, speaks about his experience of getting into the blockchain space.
❓What is Ethereum?
▪️Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. ⠀
▪️Using smart contacts one can create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. ⠀
❓What is a smart contract?
▪️Smart contract is just a phrase used to describe a computer code that can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met.
A crypto company has launched a new product that focuses on the tokenization of real-world assets, such as property, art and commodities — a venture it believes will transform the way the world invests, trades and transfers value.
DGTO is the latest offering by Darico, and the firm says its service provides business owners and developers with “all the tools needed to tokenize assets into security tokens,” including legal and technical expertise as well as sales and marketing strategies. The parent company claims that its tokenization platform says it is in contact with regulators in different jurisdictions to ensure that its platform is legally compliant.
With a view to kickstarting the new product and “establishing itself as a major player in the tokenized real estate market,” Darico says it has acquired 30 apartments and 15 villas with a combined value of $20 million — all with a view to tokenization. The company says it is currently in negotiations with some of the biggest players in the UAE real estate market, as well as “some significant infrastructure projects.” Source: https://cointelegraph.com/