What is a Blockchain?
You’ve likely heard of “crypto” and names like Bitcoin, Ethereum, or even DogeCoin. These are crypto currencies built on blockchain technologies. Blockchain is way more than just the backbone of new digital money, it’s the most exciting, disruptive, and revolutionary technology since public adoption of the Internet. There are essentially two types of ways to keep track of activities such as transactions; centralized, the way a bank may be the sole entity keeping a ledger of your bank account, transactions, credits, and so forth, and; decentralized, where a network of unrelated and disparate users and devices create a consensus to validate and record a ledger. Blockchain is simply an open and public system by which ledgers, such as financial transactions or contract exchanges between parties, are validated and recorded by a group of unrelated parties to ensure accuracy.
Blockchain is a Powerful Tool
By design, a blockchain is very resistant to modification of the data recorded in it. It is an open, distributed ledger that can record transactions between parties efficiently and in a verifiable and permanent way. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires total agreement of the majority of parties on the network. Because of this, the blockchain contains a true and verifiable record of each and every transaction ever made in the system. Blockchain allows for the recording and verification of transactions for virtually anything of value and, when combined with other information assets, becomes an incredibly powerful tool on which to build secure content and value exchanging ecosystems not previously possible.
Kaxaa is Blockchain Tied to Real Estate
Kaxaa (pronounced “Ka-sa”) is a blockchain that’s tied to the will be freely tradable and usable like a “currency” in real estate transactions and for trade on open exchanges with value tied to global real estate market factors. Kaxaa connects token holders and other stakeholders to real world market value indicators in a more substantial and permanent way than typical volatile speculative crypto projects. Kaxaa is the vehicle for the convergence of the emerging new generation of enthusiasts, especially newcomers to crypto, who are open to new technologies and better ways to do things. Expand on this. Maybe discuss the index?
Kaxaa is Stable: Value is Not Set by the Wild Markets
If you’re new to crypto and look around the web for stories you’ll probably see a trend: instability and volatility is famous among the crypto space, but crypto does not have to be that way. Even the big networks like Bitcoin and Ethereum are based on supply and trading volume fueled by mere speculation and hope. Kaxaa is different. It’s not a crypto currency like Bitcoin. Kaxaa value is set by the health and stability of primary real estate market indicators not by the wild crypto market. Kaxaa does this through its proprietary index, the Kaxaa Index. Hence, Kaxaa has strong immunity from “rug-pull” price drops where founders or large stakeholders sell off their tokens en masse and create plummeting market values. Typical crypto projects are highly volatile and carry significant valuation risk during the time real estate transactions require to be completed. Holders of Bitcoin, Ethereum, and other cryptos may convert their holdings to Kaxaa which is inevitably more stable and far less likely to fluctuate dramatically during the transaction timeline. Further, Kaxaa will securely hold a reserve of assets in trust and will establish agreements with third parties holding real estate portfolios to support liquidity.