Jan 28, 2020 16:15 UTC
Jan 28, 2020 at 16:15 UTC
The truth behind Crypto-cities!
There are a lot of advancements in the technological space of the era and one of the most prominent and well-known spaces is definitely the Blockchain space. There are a lot of developments in the crypto space and many of the Blockchain giants are pushing forward to implement the crypto-technology on the larger picture.
Something new Brewing!
One such development in the technological advancements in the Blockchain space is the Crypto-city concept. There is a lot of interest in the space where the giants in the space are trying to implement blockchain big-time.
The urban scenario with the technological blend is making sure that there is a very good scope for the development and implementation of the concept.
The core concept!
The main idea behind crypto-city is to make the crypto-currency a mode of payment for all the common services that you can come across in a city. The big-day features that are present in a crypto-city include an electrical charging station to charge EV’s that can be fully paid through the medium of cryptocurrencies.
These cities are based on a very complicated concept of developing smart-city algorithms that will greatly influence the current patterns in which the current cities operate on.
The concept of crypto-currency involved with the smart city concept clearly makes a great trajectory for the blockchain space to develop at a rapid phase.
The Buzz around smart crypto-cities is slowly seeping into the fandom industry as well. The recent update from the legendary Hip-hop star Akon regarding the crypto-city is sparking a huge sensation in the field with a lot of his fans eagerly wanting to know what runs behind the concept.
The main idea behind the plan is to implement a city that does not rely upon cash and is purely based upon crypto-currency as a medium of transit and transactions. The crux of the idea is to regularize and monetize the crypto-currency space.
Research is still in progress!
The plans for many of the crypto-cities are underway and many of the whitepapers are still yet to be released to the market. But the expectation from the crowd is that there will be more than smart crypto-features to these cities.
The biggest haul to the market of the crypto-cities is the initial take-off period. If it was to move well, the rest would fall in place according to the experts.