Filipcoin is a cryptocurrency that is run on the Ethereum blockchain network and operates under a Decentralized Ledger Technology. However, this cryptocurrency do not have the same goals as other cryptocurrencies out there. The Filipcoin is used to handle all the services that FILIP offers their community. Meanwhile, other cryptocurrencies mainly focus on the value of their token, and the profits that could be made through its increase. Refer to the whitepaper and Terms and Conditions of the platform to know more about how the operation of Filipcoin works.
Blockchain and Decentralization
Most people just see Blockchain as the starting point of Bitcoin, and have probably used at least one blockchain-based project before. The constant innovations of technology in the digital space does a lot of work in real-time, but we don't fully recognize this. But, what exactly is Blockchain technology, and why do organizations make use of decentralized processes when carrying out any activity?
Transparent technology
Blockchain gather information, then store the information gathered in blocks, and arrange them in a chronological order. What people don't know is that Blockchain is usually arranged in blocks and chains. Most times, it can act as a digital ledger for any form of transaction carried out among a group of people. For a network that can store an exact copy of digital asset, the decentralized blockchain is transparent and secured. The way the Blockchain was built has given it enough strength to survive in many other sectors such as health, finance, politics, etc.
Decentralization and Transportation
Decentralization is very important for any application that has been built with the help of Blockchain. Decentralizing the managing of data helps to create more accessibility of data, lesser fees for transaction, etc unlike in centralized systems. This kind of advantages which decentralized systems possesses, will allow for automation and connectivity of payment systems.
For example, one of the concerns that the Philippines had when they were building a common public transport system was a unified fare collection system.
Does it mean that passengers have to get different AFC cards to travel to different places? The transport cooperatives, AFC providers, and the government doesn't have to allow this kind of u economical and unreliable operations.
A decentralized network that will provided By FILIP will offer a secure technology while handling different sectors.
Mission
The mission of the platform is to provide the community with a platform that cares for service development and social capital through Blockchain and decentralization. This will help ensure the improvement of decentralized transaction system to provide an effective platform for users to carry out safe transactions. This will handle the interests of not only the local users, but users overseas.
It is the first approach to ever involve Cost Efficiency, Risk and Autonomy. This will push partner developers to promote applications that will positively impact on the users. The platform will take a customer-oriented approach which is driven by the community's goals and needs, although it will remain on its decentralized path when it comes to payment.
The Team
For more information on Filipcoin visit :
Website : https://filipcoin.com/
Facebook : https://www.facebook.com/filipcoinfilip/
Twitter : https://twitter.com/filipcoin
Whitepaper : https://filipcoin.com/static/media/whitepaper.b53415d7.pdf
Telegram : https://t.me/filipcoinfilip
PUBLISHERS DETAILS :
Bitcointalk Username : Ebewah
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835164
Bep-20 Wallet Address: 0x940f53050143Be5F78B90B6239Ae6f0deCf75702