Ethereum

Identity

DeBox

Cosmos

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/debox-develops-an-advanced-social-platform-utilizing-did-technology/" data-wpel-link="internal">DeBox Develops an Advanced Social Platform Utilizing DID Technology</a><br></p>
<p style="text-align: justify">DeBox (BOX) is an advanced social platform designed for the <a href="https://en.coin-turk.com/friend-tech-announces-change-from-shares-to-keys-a-decentralized-social-media-platform/" data-wpel-link="internal">Web3</a> era, leveraging decentralized identity (DID) technology. Built within the Ethereum ecosystem, the platform incorporates additional technologies such as Layer2 and Cosmos Inter-Blockchain Communication (IBC) protocol.</p> 
<h2 style="text-align: justify" id="what-is-debox">What is DeBox?</h2> 
<p style="text-align: justify">If you are familiar with WeChat, DeBox aims to provide a similar experience while incorporating blockchain technology’s advanced security and privacy features, positioning itself as the Web3 equivalent.</p> 
<p style="text-align: justify">The platform offers a range of functionalities, including one-on-one and group chats, DAO management, and asset management. It is particularly suitable for managing KOL fan groups and other communities where access can be controlled and monetized.</p> 
<h2 style="text-align: justify" id="how-does-debox-work">How Does DeBox Work?</h2> 
<p style="text-align: justify">DeBox is designed to address various urgent issues in digital and <a href="https://en.coin-turk.com/scroll-addresses-community-concerns-about-binance-partnership-4/" data-wpel-link="internal">crypto</a> communities:</p> 
<ul style="text-align: justify"> 
 <li>Bots and Fraud: The platform tackles the common issues of bots and phishing links disrupting social media and crypto forums by minimizing the impact of malicious actors using DID and advanced identification algorithms.</li> 
 <li>Centralized Control in DAOs: DeBox aims to democratize DAO governance by involving community members in the decision-making process while ensuring asset management is more transparent and decentralized.</li> 
</ul> 
<p style="text-align: justify">Operating on a decentralized identity foundation that significantly differs from traditional centralized systems, DeBox’s core elements include:</p> 
<ul style="text-align: justify"> 
 <li>Decentralized Identity (DID): DID technology allows users to control their identities on the blockchain, contrasting with traditional systems managed by central authorities.</li> 
 <li>Integration with Ethereum and Layer2: Built on Ethereum’s blockchain, DeBox utilizes Ethereum Layer2 solutions to enhance transaction speeds.</li> 
 <li>Box Functionality: One of DeBox’s standout features is its “Box” functionality, serving as a digital asset that can function in various ways, such as entry tokens for private groups or managing DAO assets.</li> 
 <li>Community and DAO Management: DeBox enhances community management through DAO capabilities, where members govern decentralized organizations.</li> 
 <li>Combating Phishing and Bots: The platform addresses phishing and bot issues by implementing advanced identification algorithms and community governance principles.</li> 
</ul> 
<h2 style="text-align: justify" id="comments-on-debox-box">Comments on DeBox (BOX)</h2> 
<p style="text-align: justify">The native <a href="https://en.coin-turk.com/bernstein-report-unprecedented-rally-in-crypto-market-led-by-bitcoin-btc/" data-wpel-link="internal">cryptocurrency</a> of DeBox, BOX, is trading at $0.055 at the time of writing. BOX ranks 1,279 among all cryptocurrencies, with a market cap of approximately $5.5 million.</p> 
<p style="text-align: justify">Additionally, BOX has a total supply of 1 billion tokens, with 99.5 million tokens currently in circulation.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-402001 size-full" src="https://coin-turk.com/wp-content/uploads/2024/10/box.png" alt="" width="1590" height="958"></p> 
<h2 style="text-align: justify" id="where-to-buy-box-coin">Where to Buy BOX Coin?</h2> 
<p style="text-align: justify">According to available data, BOX can be purchased on crypto exchanges like UniSwap, Bitget, Gate, MEXC, and LBank.</p> 
<p>The post <a href="https://en.coin-turk.com/debox-develops-an-advanced-social-platform-utilizing-did-technology/" data-wpel-link="internal">DeBox Develops an Advanced Social Platform Utilizing DID Technology</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

DeBox Develops an Advanced Social Platform Utilizing DID Technology

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