What Is BSCBAY (BSCB)?
The BSCBAY Platform aims to provide privacy, security and anonymity to all. Protex decentralizes the ownership of user data like browsing history, location data and much more by giving users the rights to their own digital footprint. With easy-to-use applications, Protex users can not only control what gets shared, but finally get paid for the data they provide.
As these accounts see gains they will stay in secured holding to create a greater total market cap. They expect to list the BSCBAY tokens on popular exchanges where their values will be able to rise according to supply and demand, however, to make for a truly safe investment opportunity they will be allowing token holders to initiate a buyback of their tokens after a five year period.
BSCBAY Storage Key Points
|Source Code||Click Here To View Source Code|
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|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Security and Anonymity Of Individuals
Data runs the world. From analyzing financial trends to recommending a movie, it permeates all aspects of life. For years, databases and memory units have been used to store this data. Because of this, data has become highly centralized – living primarily in the databases of large corporations and governments. Over time, individuals have lost the ownership of their digital footprints, and the rights to its privacy.
The existing structure has led to the monopolization of data, and has considerably decreased the privacy, security and anonymity of individuals. The Protex platform builds on Ethereum’s idea of decentralization and smart contracts. By removing the need to store user data in vulnerable locations, BSCBAY saves companies money, time and liability, while providing users significantly increased privacy, and a new stream of income. Protex is the future of exchanging data securely.
What’s a non-fungible token?
Think of them as digital certificates of authenticity. A non-fungible token, or NFT, is a unique, irreplaceable identifier created by an algorithm BSCBAY distinct bar code for a digital piece of art or collectible. It’s a solution of sorts to a problem that’s long faced digital artists: how to create scarcity for an item that can be infinitely reproduced.
Uniqueness is the reason (ok, one reason) that the Mona Lisa is priceless, while a signed and numbered Peter Max print of his version of the Mona Lisa is $5,500 and Mona Lisa posters are $9.95. Money is fungible, meaning that any dollar bill serves its purpose as well as any other one. Images of the same GIF or meme are fungible – unless yours comes with an NFT declaring it to be the “real” version.
How do they work?
BSCBAY an artist wants to sell a work, they create, or “mint,” a NFT that will from then on stand as a claim on ownership for the piece. NFTs are registered on open blockchain ledgers, making it possible to track ownership (or as they say in the physical world, “provenance”), prior sales prices and the number of copies in existence. And the security provided by blockchain technology provides means that selling fake tokens is all but impossible, which can’t always be said of physical works even of famous artists.
What’s in it for the buyers?
Uniqueness And security: Buying a token from a verified artist, seller or auction house allows them to purchase a work without fear of fraud or forgery. BSCBAY question of authenticity has bedeviled even the most venerable of real-world art dealers Manhattan’s Knoedler Gallery went out of business in 2011 after being sued for selling millions worth of sham paintings made by a forgery ring based in Queens.
Add to that that buyers of digital assets don’t have to worry about storage or preservation or fearing that they’ll accidentally put their elbow through a priceless work. And just like digital artists now being able to turn an unwitting public good into a private one, NFTs have made it possible for fans of the medium to actually purchase the works for the first time.