FAQs?

Why Bitcoin?

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Blockchain technology is quietly disrupting manu industries. Just as in the internet's earliest days. It's happening without a lot of fanfare. But momemtum is gathering, particular in the area of business fundraising. Bitcoin and blockchain technolofy are creating new and interesting opportunities in crowdfunding.

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What is Bitcoin?

Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve a global consensus on the state of a periodically updated public transaction ledger called a 'blockchain.'

Practically speaking, Bitcoin is a form of digital money that (1) exists independently of any government, state, or financial institution, (2) can be transferred globally without the need for a centralized intermediary, and (3) has a known monetary policy that arguably cannot be altered.

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Key Takeaways

• Because of the level of security, blockchain- which is the underlying technology of Bitcoin-- is being used for many new applications.
• Blockchain makes the funding process safe and offers transparent access, which means crowdfunding platforms that use blockchain like Cardallas Financial can help maximize te success of a project.
• Look for more innovation as people get creative with the use of blockchain technology; its potential applications extend well beyond Bitcoin crowdfunding.

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Why Traditional Business Funding is Hard to Get?

Most traditional business funding takes one or three forms: self-funding, bank funding, or venture capital.

The problem is that for most people, self-funding is incredibly limited. Bank funding requires having an existing business with good revenues and cash flow. And venture fund capital nearly always require a product or service that has mass appeal.

This makes traditional funding very limited and hard to get for newer businesses. It can inhibit growth even for products and services with huge potential

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Why Traditional Crowdsourcing is Still Inefficient?

Crowdfunding allows business with really great products and service ideas to raise funds from regular people in a small investment amounts. When it works, it can really give your business a big boast.

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Blockchain or Bitcoin Crowdfunding Could be Disruptive?

Because blockchain makes the funding process safe and offers completely transarent access from anywhere in the world, crowdfunding platform like Cardallas Financial that use blockchain can help maximize the success of a project.

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