Blocto Valuation Soars to $80m Following Series A Round
Image source: Blocto
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Blocto price is $0.018411, down -2.67% in the last 24 hours, and the live market cap is $4,339,362. It has circulating supply volume of 360,624,924 BLT coins and a max. supply volume of 360,624,924 alongside $57,373 24h trading volume.
Blocto is a blockchain-based platform that provides users with secure, reliable, and fast digital asset management services. It is designed to enable users to easily store, transfer, and manage their digital assets in a safe and secure environment. Blocto also offers an integrated suite of tools for developers to build decentralized applications (dApps) on the platform.
The Blocto platform utilizes a unique consensus mechanism called “Proof of Stake” (PoS), which allows users to earn rewards for staking their coins. This helps ensure the security of the network by incentivizing users to participate in consensus activities. Additionally, Blocto utilizes advanced cryptographic algorithms such as Elliptic Curve Digital Signature Algorithm (ECDSA) and Advanced Encryption Standard (AES) to ensure data privacy and security.
The platform also features an intuitive user interface that makes it easy for users to navigate through its various features. The interface includes a wallet system that enables users to securely store their digital assets, as well as view transaction history and account balances. Additionally, the platform provides access to dApps built on top of its blockchain technology.
Blocto has partnered with several leading companies in the industry such as Microsoft Azure, IBM Cloud Services, Amazon Web Services (AWS), Google Cloud Platform (GCP), Oracle Cloud Infrastructure (OCI), and more. These partnerships help provide additional security measures for customers using the platform.
Overall, Blocto is an innovative blockchain-based platform that provides users with secure digital asset management services while offering developers powerful tools for building dApps on top of its blockchain technology. With its robust security measures and intuitive user interface, Blocto is sure to become one of the leading platforms in the industry.
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