Los Angeles, CA, November 10, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Blockchain technology. You’ve probably heard of it, but what exactly is it?
According to TechTerms.com, the description of the “blockchain” technology is as follows:
“A blockchain is a digital record of transactions. The name comes from its structure, where individual records, called blocks, are linked together in a single list, called a chain. Blockchains are used to record transactions made with cryptocurrencies. like Bitcoin, and have many other applications.
Multiple computers validate every transaction added to a blockchain on the internet. These systems are configured to monitor specific types of blockchain transactions, form a peer-to-peer network. They work together to ensure that every transaction is valid before it is added to the blockchain. This decentralized computer network ensures that a single system cannot add invalid blocks to the chain “. (Https://techterms.com/definition/blockchain)
How does it apply to you? The traditional banking sector is increasingly shifting towards digital wallets, which are precursors of blockchain technology. Very soon, payments will be processed almost universally via blockchain, which will ensure maximum security and instant transactions for close to zero fees.
“But I don’t use a digital wallet. My online account works perfectly. “This could be said, but in 2019, consumers around the world interacted with a digital wallet over 2 billion times per day (Takeoff, App Annie, April 2020). Digital wallets, and thus blockchain technology, are the future of financial processing.
However, there are knowledge gaps for the average consumer that can create resistance and fear regarding the use of the blockchain. This places an obstacle to the immense benefits of blockchain technology and the way consumers interact with their digital wallets from a user experience perspective.
Digital names simplify the process of this type of transaction by making using the digital wallet much more manageable. Digital Names assists with payments, receipts, data entry and overall transactions using their digital wallet. Digital Names is based on Total Network Service (TNS) global decentralized network (TNS Blockchain is an active community project of W3C). As adoption is increasing, it is helping to transform the way financial transactions are working.
Frank Corsi, founder of Total Network Services and the Internet database network, with Thomas Carter, “The God Father of Fintech”, has created Digital Names in recent years.
Fast forward to today, and recently, by completing the A Raise series, Frank, Thomas and their team at TNS – Digital Names have created the ultimate fireproof digital payment method. This technology now provides users with the ability to create a “$ DigitalName”, in much the same way you can create a personal website.
Unlike opening a bank account with private logins, users can quickly transact over 250 blockchains using a single ID (their $ DigitalName), making the buying process efficient and smooth. As with companies like PayPal, Venmo, Zelle, although specifically for digital AND fiat currencies, Digital Names provides a single ID for sending and receiving money for cryptocurrency, retail, and more.
Blockchain doesn’t sound too scary now, does it?
While Frank Corsi developed prominent domain security and support networks during his previous career, he created the Digital Names platform to deliver world-class digital finance security and protection. Say nothing more! “To small hacks, slow and expensive processes, as well as annoying unknown logins on the other side of the world.
Blockchain is the future of payments and Digital Names is helping you to abandon plastic!
Remember the early days of the Internet? Did you miss that special domain name? What do you want your digital name to be? $ Kanye? $ Trump? $ Lakers $ Dodgers $ Travel $ MyNameis $ SlimShady. Don’t miss the chance to have yours
You are interested in investing in the new “Internet blockchain”. Receive the latest financial technology innovations from Total Network Services – Digital Names? Go to dlbx.io and submit your information to be contacted at the opening of Serie B on 11/11/20 at 11:11 am EST
Thomas Carter is the founder and CEO of DealBox, Inc. Read more here on Thomas and connect with Thomas on LinkedIn and Instagram.