N01Zet

Februari 23, 2024

Will Create Its Own Coin, N01zet Coin

About

Transactions are also recorded in a decentralized way on all of the computers that are a part of the network, as opposed to being saved in a single centralized database as they were in the past. The contribution that blockchain technology brings to the table is represented by this. Putting these blocks together results in the formation of what might be called a ledger, which is something that all of the members of the group are able to see and update at the same time. By using blockchain technology, it is possible to augment the level of security of a transaction that is conducted between individuals. This means that all encrypted transactions are now automatically verified by all of the persons who have access to the network, rather than being examined by a single individual. This is a significant change from the previous situation. The necessity for the aid of trustworthy third parties in order to execute transactions is no longer necessary as a result of this development.

The core principles behind the blockchain technology

When the transaction is included in a “block” in a distributed consensus system, it is deemed to have been finished processing and is regarded to have been completed. The transaction is considered to have been validated after all of the miners, who are the individuals responsible for verifying the transactions and activities carried out by users on the Blockchain network, have verified the block. The next step is for them to be registered on the blockchain, which is a registry that is accessible to the general public.

Blockchain is a distributed and synchronized record that provides a list of all the transactions that have taken place among the members in a network. Blockchains are used to record and verify transactions. As a result of the blockchain’s decentralized nature and the cryptography process, the information that is kept inside the blockchain is shielded from access by unauthorized parties.

The intelligent contract is as follows: Intricate transactions that are carried out in accordance with a specified set of parameters are known as smart contracts. In the event that the appropriate conditions are met, a smart contract has the capability of autonomously carrying out the execution of a transaction.

The many benefits that N01zet tokens provide

The E-C01N (where E is the name of the firm) is a specialized cryptocurrency that may be created with the assistance of N01zet for each and every business and its customers.

These cryptocurrencies will have a consistent value that is comparable to euros, and this value will be guaranteed for each and every business. Additionally, N01zet will be developing its very own cryptocurrency, which will be known as “N01zet C01N.” It is possible that the E-C01N may be converted into N01zet C01N, which would then be used as “local currency” in the core of the eco-system that was developed by the client firms, suppliers, or partners of N01zet. This would allow for the expansion of the spectrum of applications for E-C01N. An initial coin offering (ICO) will be carried out for the N01zet C01N.

Objects of Value on the Blockchain

The five values of the blockchain are maximized on the N01zet blockchain.

Values on the blockchain are maximized by NO1ZET.

Symbol Value: The work value is represented by the symbol N01zet. The individual and collective performances that are communicated via the distribution of N01zet tokens are a tangible representation of the efforts that have been done by the business management and the stakeholders individually and collectively.

Value of labor: The production of products and services that are generated by the labor of stakeholders enables the creation of value via the distribution of NOIZET tokens as a payment for the work that is given.

Value Based on Utility: N01zet The consumption of goods and services with a payment depending on the quantity of tokens gained is an example of the utility value that tokens provide. With tokens, one may have the ability to save money, make donations, and have the ability to have buying power.

A value of N01zet for exchange On the N01zet marketplace, tokens have the ability to be traded for products and services. Additionally, in the future, tokens may be obtained by trading them for other tokens via a marketplace that is comprised of exchanges of cryptoassets that are released on the N01zet platform.

Utilization Value: The N01zet Tokens may be used to generate buying power and to fulfill the requirements of the stakeholders and the management for the success of his organization.