![]() ![]() Significant infrastructure already exists for secure storage of valuables today whether that be in homes, banks, businesses, or institutions. Intergenerational store of value: Just as with cash or precious metals, possession equals absolute ownership with Noteworthy cryptonotes.After redemption, the note no longer holds crypto but remains a beautifully-designed collectible art piece. Simple redemption into fiat currencies: Users may easily redeem their Noteworthy notes by uncovering the private key hidden underneath the security foil for easy deposit on to any exchange or wallet of their choice.Noteworthy offers a smartphone app to authenticate funds associated with the wallet’s public address in conjunction with a chip embedded in the note as an additional security feature. Real-time confirmation of funds: Our cryptonotes possess a QR code so that any user may easily scan a note to confirm that funds are indeed allocated on the blockchain to its corresponding address.This is critical to bringing many more people into the crypto world who otherwise won’t have access to a digital wallet infrastructure. This integrated design provides the baseline trust regime that is necessary so that a cryptonote may be physically exchanged for value in a secondary, off-ledger market for zero fees and without the intervention of any central authority. Manuela’s designs integrate literally dozens of security features and printing processes to provide the world’s most advanced anti-counterfeit notes available today and that unmistakable ‘feel’ that authentic currency has when held in the hand. Trust and Fungibility: Noteworthy cryptonotes are designed by our Chief Design Officer, Manuela Pfrunder who also designed the 9th Swiss Franc series currently in circulation.Noteworthy cryptonotes remove the remaining barriers to a truly permissionless form of crypto. Self-custody: If you hold it, you own all aspects of its value, independent of the policies of exchange platforms, banks, or governments-just like with any fiat currency or precious metal.This is the simplest and most accessible paradigm for understanding and exchanging money and will dramatically reduce the perceived risks and overall confusion associated with adopting crypto. Tangibility: A Noteworthy cryptonote is physical and denominated in the cryptocurrency it holds-just like any fiat currency across the globe.Physical notes hold several inherent advantages for cryptocurrencies, and we strongly believe it will accelerate adoption into many different sectors. However, Noteworthy contends that the centuries-old banknote industry holds the key to unlocking a significant new wave of end user adoption. There will never be a single, silver-bullet solution to solve the mass-adoption puzzle for crypto currencies. It is clear that getting Bitcoin and all of its sibling proof-of-work currencies into the mainstream will require that transaction fees can become effectively zero in most circumstances. High transaction fees: Proof-of-work coins are the workhorse of the crypto industry.Most of us have had the experience of attempting to explain how Bitcoin works to our parents or grandparents, only to conclude that cryptocurrency’s confusing mechanisms to ensure its security are simply too much new technology for most people to easily understand. For the uninitiated, this is a minefield of confusing jargon that will shake the enthusiasm of any new user to store their hard-earned money in crypto. ![]() User experience: Public wallet addresses, private keys, two-factor authentication, exchanges, full-custody wallets, non-custodial wallets, seed phrases, gas fees, mining, sidechains.With the risks associated with crypto self-custody being completely different from traditional assets, users in the mainstream will remain hesitant before investing. A user may have a sound strategy for managing passwords today, but this can’t ensure that a password won’t be mishandled following a family death. Billions more have been lost to hacking, phishing, spoofing, and other schemes. Trust: Vast sums of cryptocurrencies remain stranded in wallets of the deceased and those who have lost credentials.A closer examination of what has slowed cryptocurrency adoption reveals a landscape with still many challenges to overcome if it is to extend its appeal beyond tech-enthusiasts and speculators. For all of the urgent needs and popular demand for a new financial system, the benefits of blockchain and cryptocurrencies will remain just a promise until their adoption can be driven deep into the mainstream of the world economy. From the ashes of the Global Financial Crisis in 2008, the world learned that our institutions and banks are far more vulnerable than we had previously believed, and thus Bitcoin and all of its descendants were born. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |