What is Decentraland
¿What is Decentraland?
Decentraland is a project that is carried out on the Ethereum blockchain, it was also executed under the idea of Esteban Ordano and Ariel Meilich in 2015.
However, this project was publicly launched in February 2020.
It was in the month of August 2017 that an initial coin offering was held.
In which a sum of 26 million dollars was obtained in exchange for Mana tokens, decentraland’s native token.
¿What does it offer?
Decentraland offers the creation of a wide virtual world where users can attend as they do in their daily lives.
This means that you can interact with other users, research and trade in the virtual world.
Also, MANA is its native token, it is an ERC 20 token that is used to buy land and pay for goods and assistance from the virtual world Decentraland.
¿How does it work?
Decentraland works under the Ethereum blockchain, in turn it has a consensus layer where all the commitment to locate all the maneuvers of the game falls.
To understand us better, if a user has created an account and in turn has purchased a parcel or lot, this consensus layer will produce the blockchain code due to such activities.
It also has a content layer whose function is to save the information that is used to obtain digital images or render content in the virtual world.
Finally, decentraland has one last layer, called the real time interaction layer.
This gives access to communication between users in real time within the game.
¿How is Decentraland regulated?
Being a decentralized platform, there is no financial institution that regulates it, however it is supported by Ethereum.
¿Why do people use Decentraland?
People use decentraland as it has become quite a flashy game.
Likewise, the community has increased their experiences in the game and in turn the earnings for attending it.
Also, decentraland has a great security of its smart contracts.
Making this a very well thought out and eye-catching game for users.
¿How is Decentreland different from other blockchain games?
The difference between Decentraland and other virtual reality games is that the users own the game, the developers of this platform believe that virtual reality games should be run by open models, so no central institution forces their agenda.
Decentraland approves that its users have full control and freedom of their land and can preserve their profits acquired from the value produced by other users.
All this is functional thanks to the fact that decentraland makes use of blockchain technology.
Allowing to evidence the properties of the users and not to carry out fraudulent acts in the attempt.
¿Where can i buy it?
One of the ways where you can buy MANA is through Binance, as it has a large tradable variety in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, deposits are also allowed banking.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
