What are the benefits of using blockchain for fundraising?
Blockchain fundraising offers transparency, security, and lower transaction costs, making it attractive for startups.
Can you explain how transparency works in blockchain fundraising?
Sure! Every transaction is recorded on a public ledger, allowing anyone to verify contributions and track fund usage.
What about the security aspect? How does blockchain ensure that funds are safe?
Blockchain uses cryptographic techniques to secure transactions, making it nearly impossible to alter or hack the data.
Are there any downsides to blockchain fundraising?
Yes, potential downsides include regulatory uncertainty and the need for technical knowledge to navigate the blockchain space.
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