It is a decentralized crowdfunding platform with main aim to help capital woes of startup. It can also function as a means of credit for unbanked people in areas lacking a substantial banking system. Abhinav Agarwal of CoinGape said, “Crowdfunding and peer-to-peer lending is a multi-billion dollar market and this [AZ Fundchain] is the first step towards making this space more efficient and friendly.”
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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