Here is an article on “Decentralization of cryptocurrency: a role of researcher of decentralized and guarding blockchain (KYC)”:
Decentralization of cryptocurrencies: decentralized blockchain researcher and role of knowledge-based guard (KYC)
The cryptocurrency landscape has undergone significant changes in recent years, with more and more users adopting digital currencies such as Bitcoin and Ethereum. However, security and confidence in these transactions have been very worrying for many people and institutions. In order to solve this problem, decentralized researchers in blockchain have become an essential part of the cryptocurrency ecosystem.
What is the explorer of decentralized blockchain?
The decentralized explorer blockchain is software that allows users to study and test the validity of the blockchain without relying on central authorities or intermediaries. Unlike traditional centralized block chains, such as Bitcoin Lightning Network, decentralized researchers operate independently and use the technology of the large distributed book (DLT) to ensure that all network nodes have the same sentence during the verification of transactions .
Decentralized researchers in blockchain are designed to provide users with a transparent and sure way to discover new cryptocurrencies, understand their economy and test the legitimacy of the existing. As decentralized scholarships (DEX), which offer a number of commercial characteristics, decentralized researchers in blockchain have become essential tools for investors, developers and enthusiasts.
What is knowledge-based supervision (KYC)?
Police custody (KYC) is a regulatory framework aimed at ensuring that financial institutions and organizations are processed for money laundering (LMA) and the fight against terrorist financing rules (CFT). KYC understands the identity and background of users who interact with digital assets such as exchange, handbag and decentralized financing platforms (DEFI).
KYC is based on a two -courses process: identification and test. The first step obliges users to provide personal and financial information to help the authorities understand their risk profile and assess the rules. The second step is to verify the authenticity of documents, such as identification documents and addresses, to ensure that users are those they claim.
KYC meaning in a decentralized cryptocurrency
In the context of a decentralized cryptocurrency, KYC is particularly important due to the anonymity and the pseudonymat of blockchain transactions. In addition to the appropriate verification process, individuals can engage in illegal activities such as money laundering, terrorist funding and identity theft.
Decentralized researchers in blockchain play a crucial role in the conformity of KYC rules, offering users transparent means and sure to test their identity and experience. This allows you to exchange, portfolios and other decentralized services to identify and test legitimate users by reducing the risk of illegal activities on their platforms.
Practice of decentralized blockchain explorers
To ensure safe and appropriate decentralized use of Blockchain researchers, follow this better practice:
1
Select the sources of respect : Explore and select suppliers of reliable decentralized blockchain researchers who comply with regulatory standards.
- Check user identification information : Make sure that users check their identity and background using KYC processes before allowing them to interact with your platform Or your service.
3
Use stable safety measures : Introduce secure communication protocols, use encryption and protect user data against unauthorized access.