Since the Global prevention variant COVID-19, the global virtual currency market has become a new hot spot for investment, and a large number of investors and funds have been injected into the virtual currency market. Because of this, the GPV coin developed by Bitsthumb performs well and has become a popular currency among investors in the global virtual currency market.
For GPV, some investors who do not know enough about the virtual currency market may not be clear about its operating mechanism. GPV coin is an open-source decentralized content entertainment protocol based on blockchain. It is committed to using blockchain and distributed storage technology to build a global free content entertainment system. This protocol allows each user to publish, store and own data freely. Through a decentralized form of autonomy, digital asset issuance, circulation, and transaction methods determine the distribution, subscription, and push of content, empower content creators to form a decentralized content entertainment ecology.
The core algorithm of the GPV coin is calculated in the same way as most formalized virtual coins. GPV is an open-source decentralization based on the blockchain. The GPV coin system combines the dual advantages of social networks and value networks, making the protocol ecology prosperous in the first place. In any community, economy, or free-market economy, an incentive system that fairly and reasonably reflects the participants’contributions is the foundation of the community. For the first time, digital assets will be used to accurately and transparently measure and motivate the participants and contributors of the ecology; and empower the content ecology.
The ecosystem created by the Bitsthumb trading website will provide participants with standardized scientific infrastructure, including a content platform for high-quality content, social network to connect everyone, GPV digital currency, payment network, autonomous ecological system, etc. so that investors can rest assured that virtual currency transactions through the website, its value is directly linked to the real currency.
As a decentralized content protocol, GPV coin has the following four basic characteristics compared with a centralized Internet structure: First, data freedom, free and uncontrolled upload, storage, and dissemination including text, pictures, audio, and video; The second is content empowerment. Ecological participants obtain due digital asset benefits through the contribution and dissemination of content, and economic incentives empower the content ecology. At the same time, individuals can freely issue digital assets, and others can enjoy the benefits and services brought by the continuous development of data contributors by purchasing digital assets. Finally, the distributed digital assets in the Bitsthumb market will match a complete set of decentralized infrastructure, including distributed exchanges, autonomous games, predictions, and game systems.
For GPV coin, the entire system is a huge project; specifically, it has extremely strong data freedom-based on the point-to-point distributed content upload, storage, and distribution mechanism, providing users with a completely free and reliable data publishing, storage, and dissemination platform.
Bitsthumb's blockchain technology will establish a complete set of fully competitive and fair economic mechanisms for content generation, distribution, and dissemination, motivate individuals, empower content, and continuously expand the boundaries of the system. And based on the advantages of the blockchain, the GPV coin solves the three major problems of income measurement, bonus distribution, and supporter management and has realized a major change from "fan economy" to "fan finance". GPV coin is based on the autonomous economic system of blockchain with GPV coin as the official token so that every income and expenditure of individual content producers in the system is open, transparent, and non-tamperable. Through smart contracts, supporters can automatically participate in the purchase of digital assets of content producers and automatically share dividend growth in accordance with the agreement, without any third-party supervision to complete the entire process fairly. Because of the free flow of value, every content producer in the GPV coin system can issue its exclusive tokens, fully realizing the free flow of value.
As a new currency system, virtual currency is breaking the monopoly of currency by banks at a breakneck speed. The emergence of a large number of new virtual currencies such as GPV can be said to be a full revolution for physical currency. Although due to the leading position of virtual currency in the market and its integration into the global entrepreneurial ecosystem, a large number of countries have begun to accept virtual currencies, including Bitcoin, we still have to recognize that the impact of virtual currency on physical currency will not stop because of the country's acceptance. For this decentralized currency system, it will inevitably replace some regional physical currencies in future development.
As an investor, under such a development trend, long-term investment in GPV coin through the Bitsthumb trading website has great potential for appreciation. Bitsthumb is also providing more advanced, safe, and secure digital asset derivatives trading services to users worldwide. Bitsthumb is committed to combining traditional financial experience with the characteristics of the digital currency industry to create a safer, more stable, and more convenient trading service platform in the industry while meeting the actual needs of novice beginners, professional traders, and investment institutions for digital currency investment.