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Stellar signed an agreement with ETH for the standard ERC-3643, which is super important for the blockchain world and tokenization.
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Estimated reading time: 4 minutes
🎙️ Audio and Video Overview [Czech]
🎙️ Audio and Video Overview [English]
🔹 What is it?
ERC-3643 is a special standard for tokens on the blockchain (like ERC-20), but which additionally allows control over who can own and transfer them. It works like permissioned tokens.
🔹 Why is this important?
The main use is for tokenization of real assets (RWA), such as real estate, stocks, or bonds. These types of assets are subject to regulation and cannot be easily transferred freely like regular cryptocurrencies. ERC-3643 solves this problem by building compliance checks directly into the smart contract.
🔹 How does this relate to KYC?
Imagine it like this:
- User must pass verification KYC (Know Your Customer).
- After successful verification, you will receive digital identity (e.g. in the form of NFT).
- This identity is linked to the ERC-3643 system. When a user wants to buy a tokenized share, the smart contract first checks if they have a valid KYC identity. If not, the transaction is blocked.
🔹 How does this relate to Pi Network?
PiNetwork has ambitious plans with Pi KYC, which is necessary for the transition to Mainnet. Although Pi is not yet focused on tokenizing real assets, the system Pi KYC is a great example of how identity verification can play a key role.
Like ERC-3643 controls who can own tokens, Pi KYC verifies users to ensure the security and trustworthiness of the network.
🔹 Video – ERC-3643 Transformation | Dennis O'Connell
YouTube Video | Transforming ERC-3643 Into a Dynamic RWA Token Standard With Chainlink | Dennis O'Connell, ERC-3643
🔹 Conclusion
ERC-3643 is therefore a bridge between traditional finance and the decentralized world, enabling the regulated and secure transfer of RWA to blockchain.
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PiNetwork
Pi Network Announcement
PiNetwork is a blockchain-based cryptocurrency project that aims to allow users to mine coins Pi using smartphones. The project aims to promote the adoption of cryptocurrencies.
The project was launched by doctoral students at Stanford University in 2019. PiNetwork offers users a simple and environmentally friendly way of mining Pi coins by simply opening the app and pressing a button once a day.
One of the features of the Pi network is that users can increase mining speed by expanding their network. Pi Network also aims to increase the value Pi coins by allowing users to create and use web applications on the platform Pi.
PiNetwork is currently launching its mainnet. To to Pi Network To join, you must download the mobile app and enter an invitation code. PiNetwork is an innovative project that aims to pave the way for the future of cryptocurrencies.
How to participate in Pi Network
If you are not a member of the Pi Network, you can get started in 5 minutes by clicking here link. By registering using my referral code jwkkbiz we can earn Pi both. Pi Network is an application that allows you to easily mine the cryptocurrency "Pi" on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using a referral code jwkkbiz, you will get a 25% increase in mining speed.
After 30 minings you will pass KYC (Know Your Credit), so remember to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.
For more detailed information and reasons for registration, please see here.
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