To date, Bitclave has raised upwards of $25 million (USD equivalent at time of posting).
What is Bitclave?
BitClave is focused on creating the next generation of decentralized search powered by taking advantage of the privacy and security of Bitcoin technology.
What is Bitcoin Technology?
The blockchain network is a type of online distributed ledger that embeds contracts and transactions in digital code.
A self-auditing ecosystem, the blockchain network reconciles every transaction that happens in ten-minute intervals. Each group of these transactions is referred to as a “block”.
Why Blockchain Technology is Valuable
The blockchain network is incredibly valuable for two main reasons:
- Data is transparent and embedded within the network and is public.
- Data cannot be corrupted.
Unlike more traditional forms of search engine optimization and paid search, which requires you to pay sometimes large sums of money to various services in order to reach a prospective audience, Bitclave completely eliminates the “middleman,” giving consumers control over their own data.
Bitclave vs. SEO
The search engine is an impressive piece of technology that has served us well over the years and has been dominated by the likes of Google, yahoo! and Bing (to name a few). So, how does Bitclave related to modern day search?
Think of Bitclave as the next generation of search engines, aiming to bring the Internet back to consumers.
The Bitclave ecosystem puts control back in the hands of consumers, giving them ownership of their data and allowing them compensation and added value for this freedom. However, like most things that are associated with a centralized framework, there is a hefty price to pay.
Consider, for example, the fact that more than $500 billion worth of ads are posted with the help of the data from search engines each year and the number is increasing astronomically. [source ]
LTTR: On the Bleeding Edge of Technology
Let LTTR bring your business into the fold of cutting edge technology. We constantly have our finger on the pulse of what works and what doesn’t, what new technology is out there and available, including decentralized web, projects like these that relate to search and other things that relate to advertising such as the Brave Browser .