"BITONE is a blockchain network that allows numerous audit nodes to verify the integrity of data through the self-developed 2DIVS system and stores the verified data in the block chain in the IPFS method. 2DIVS stands for Distributed Data Integrity Verification System. It is a concept of data verification block chain network. Numerous data exist in the world, both offline and online, but since most data is stored in a centralized device, reporting on data integrity has no choice but to depend on the announcement of the relevant company or institution.
In some cases, the results are announced after verification through a third-party audit, but even this cannot say that the reliability of the results has been secured. It is also insufficient to induce reasonable trust to have the integrity checked by multiple institutions or auditors.
These cases occur in many areas, and the area of ​​data verification is an essential element of various business groups."

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MultiversX is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost.

MultiversX rewards the community and active participants with EGLD tokens. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators provide services.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX was first announced in August 2019, and its mainnet went live in July 2020.

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