Decentralizing Our Data: Registering Everything on the Blockchain

4 months ago

Hey everyone! One thing Inleo does that hasn't been talked about much is putting everything possible on the blockchain. This approach feeds the blockchain with relevant data that can be easily accessed by others.

In this clip:

Storing data on the blockchain is important for the ecosystem
Everything worthwhile to put on-chain, we put on the chain
Referral system transactions are stored on the blockchain
Others in the future could use this information for their own projects

Creating a centralized database for information like premium users and referrals could have been easier, but as a project, we decided to put everything we can, even the most niche transactions, on the blockchain.

This approach makes all the information accessible to others for use in their own independent projects. They could use the premium API to add functionalities or discounts to attract premium users, or the referral system to reward people for onboarding others into their communities.

There is also much more that may not seem important right now but will become significant over time. It is crucial to fill the blockchain with relevant data, so Lions put everything on-chain.

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1 comments

@hivebuzz 74

4 months ago

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