Government Adopts Blockchain!🥳

Welcome 🙏to Joint #13! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

This week was really happening and yes aapko ni idea…but worry not! Web3 Stash Hai na😇 Let's start by having a look at BTC and ETH 👀

Abhi let's dive into some good web3 news and trust me it's fun keep reading😭😭🤌🏻 Today we will be covering the following topics -

1. Government adopts Blockchain!🥳

2. Understanding what is EVM 🤔

3. Pepe coin dead☠️

🥳Government Adopts Blockchain🥳

Government in our country has been thinking of Regulating Crypto for ages now. Now this is just a one side story as on the other end, slowly but steadily the Government of India has been adopting Blockchain Technology!🙌🤌

The Indian Government has been exploring the use of blockchain technology in various sectors.Some examples of the Government of India using Blockchain are as follows-

1. Supply Chain Management: Blockchain is being used to track and verify the origin, movement, and authenticity of goods in supply chains, helping to prevent counterfeiting and ensuring transparency.🎯🔗

2. Land Records: Implementing blockchain for land registries has enhanced the security and transparency of land ownership records, reducing the chances of fraud and disputes!💯💶

3. Healthcare: Blockchain is used to securely manage and share medical records, ensuring patient privacy and enabling healthcare providers to access accurate information.✅

4. Voting Systems: Blockchain is potentially improving the security and transparency of voting systems, reducing the possibility of tampering and ensuring the integrity of elections.📈🚀

5. Financial Services: The technology is also used to create more efficient and secure payment systems, digital identities, and cross-border remittances.🌐

6. Government Benefits Distribution: Blockchain has helpedstreamline the distribution of government benefits by ensuring that the right individuals receive their entitlements, reducing fraud and administrative inefficiencies.📈🙏

7. Intellectual Property Protection: Blockchain is used to create a transparent and tamper-proof system for registering and protecting intellectual property rights.🚫

8. Document Authentication: Blockchain also provides a secure way to verify the authenticity of important documents, reducing the risk of forgery.👨‍💻

Apart from this, recently Maharashtra Government came forward and said transfers of RTO inspectors in Maharashtra will be done with blockchain-based software!🤌🤌😭😭😭 soo cool this is!

Soon we will be seeing more and more governments coming forward and using blockchain technology 🎊🔗

👉🏻Understanding EVM👈🏻

NO! Electronic Voting Machine nhi! We are gonna learn about Ethereum Virtual Machine!🤌And as always we are gonna break down the Ethereum Virtual Machine (EVM) in simple terms with an example 🥳

Imagine you have a magical computer 👨‍💻that's not owned by anyone, but everyone can use it. This computer is the Ethereum Virtual Machine. 💰

It's like a big box where people can put special instructions called "smart contracts." These contracts🔗 are like rules written in computer language(code)

Now, this magical computer doesn't have just one owner, but it's copied on thousands of regular computers all around the world. 🔒🎯

These computers work together to make sure the rules in the smart contracts are followed correctly✅️. They check the rules and make sure everyone agrees on what happened.🙌

Whenever someone wants to use one of these smart contracts, they send a message to the magical computer🤌🌐

The computer reads the rules in the contract and follows them step by step. It does the calculations and makes sure everything is fair and transparent💯👀

Since all these regular computers have the same copy of the magical computer's rules, they can all check if the smart contract was executed correctly.✅️

This way, people can trust that the results of the contract are true and nobody can cheat🤌🤌😭😭

In summary, the Ethereum Virtual Machine is like a global computer that follows special rules (smart contracts) in a fair and trustworthy way. It's not owned by anyone but is run by many regular computers working together to make sure everything is done correctly🤗

I hope this explanation cleared what EVM is and now I want you guys to share this newsletter within your group and get us some more subscribers!🥺🥺

That's the only fee you guys need to pay for getting many more cool explanations on complicated topics🤌🏻 SUBSCRIBE NOW!

💀Pepe Coin Dead💀

Pepecoin, once an extremely profitable memecoin, has plunged by more than 80% four months after its record high.🔻📉

Now, technicals suggest that the memecoin could be at risk of even bigger losses in the coming weeks or months.💀

On Aug 24, several rogue Pepecoin developers changed the number of signatures required to move tokens from their multisig wallet from five out of eight to two out of eight😱😱

Then, they sent $16 million worth of PEPE to crypto exchanges, suggesting they wanted to sell.🥲

A lot of people viewed these moves as a hint of an impending “rug pull,” raising fears that the PEPE price may crash to zero in 2023.

On a brighter note, some PEPE investors have used the token’s price decline as an opportunity to buy the dip.💰

PEPE has entered a prolonged downward movement following its explosive rally in Q2, 2023. It has suffered a plunge of 34.5% in the last fourteen days.🔻🔻😭😭

Now, Stay subscribed and ask your Web3 friends too as we will update you on more news as soon as we have some progress 😎

This is what the JOINT #13 had to offer we went from government to evm and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #14!!🫂🫂