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Blockchain Technology in Financial Institutions and Banking

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5 years ago

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The financial system has evolved from analyzing traditional ledgers to providing digital solutions such as online banking and mobile applications. It is not surprising that commercial banks around the world are entering the race for the latest technology in vogue: Blockchain. Financial institutions are increasingly betting on this technology to revolutionize the financial system once again.

Banks and financial institutions are so interested in blockchain the lies of the banking system’s competitive nature and the growing demand for faster and more efficient service. To keep pace with society, which increasingly seeks to see its needs met instantly, financial institutions seek to adapt to the demand for greater agility, new products, and services. However, the sector’s own needs, such as security, continue to be a priority and a challenge in the face of the threat of cybersecurity and hacking.

What is blockchain?

The blockchain is often described as a decentralized ledger or a replicated database on a peer-to-peer network. In other words, this technology is essentially a new type of storage that allows all of its users to share a database and make modifications safely.

Unlike other more traditional options, the data has been duplicated thousands of times through a decentralized computer network (the peer-to-peer network ) independently in this storage system.

With this public and decentralized network, transactions are protected and carried out under a total privacy blanket. Data protection is achieved through the encryption of information in the transaction link. These transactions are based on digital accounts or wallets that grant participants anonymity through their digital identity.

The system works under the participants’ consensus, conditional on each version of the data corresponding in its entirety with the information shared in the database. This eliminates the need for a central authority and puts the control in the participants’ hands, which means that any inappropriate modifications to the database will be immediately detected by all participants, turning this process into an immutable auditing mechanism.

Blockchain technology, also known as the blockchain, was developed as an underlying technology of bitcoin that aimed to record and verify the cryptocurrency transactions. The blockchain has achieved its own place thanks to its potential as a disruptor of the centralized system and streamlined more complex processes. Although bitcoin’s evolution has been erratic, other cryptocurrencies are also gaining attention thanks to this technology and the advantages it offers. To stay updated with blockchain and cryptocurrency news you can find relevant content here.

Blockchain can achieve this thanks to the nature of its design: a collection of distributed, shared, secure and immutable blocks. Each block of information is distributed to all the participants (nodes) in the network, which guarantees a replica to prevent data’s undue alteration. For a transaction to occur, its validity will have to be verified by each of the network nodes, and the information will be registered and shared transparently within the chain.

This is what makes blockchain attractive to financial institutions. To understand how blockchain will fit the modern world’s needs, it is worth taking a step back and analyzing the relevance of this technology in various sectors of the economy.

Who is using blockchain?

The World Economic Forum estimates that the blockchain stores only about 0.025% of the world’s GDP. However, the expectation is that this figure will increase, with banks, insurance companies, and companies in the technology sector leading the trend.

According to research in PwC’s 2018 Global Blockchain Survey, approximately 84% of the executives surveyed are looking to calculate the impact this technology could have on their businesses. At the same time, global companies such as Amazon, Microsoft, IBM, and Facebook are evaluating possible applications for the blockchain, as well as other financial institutions, such as JP Morgan and HSBC, and other leading multinational companies in consulting and audits, such as Accenture and Deloitte (respectively).

The interest that blockchain technology has generated can be observed in the economy’s various sectors, from finance to health and pharmaceuticals. However, banks are leading the advances in the development and implementation of this technology.

Another example is emerging economies seeking the benefits that blockchain technology offers. Kenya has explored the possibility of providing election results in real-time to build confidence in its electoral process. Meanwhile, Nigeria has adopted Oracle Blockchain Cloud Service in its customs services to support merchandise tracking, automate processes, and increase levels of transparency and trust in the business sector.

Among the advanced economies, Spain seeks to apply the blockchain in the forestry sector for time certification and improve the management of logistics companies’ supply chains. Also, in our country, Valenciaport seeks the application of blockchain technology to get closer to the concept of the smart port.

The use of blockchain in banking

For banking, the blockchain’s use offers potential benefits for the prevention of fraud and even for the elimination of some errors typical of humans. On the technical side, the validation, protection, coding, distribution, and tracking of data and transactions are the main attractions of this technology. The blockchain is already considered a transformative agent for settlement and clearing, international transactions, trade finance, identity verification, and loan management.

Since international regulations do not restrict blockchain technology, its implementation has the potential to transform the banking sector and turn it into a cooperative industry between financial services institutions and Fintech companies and boost digital cooperation and innovation. , the evolution of new business models, and more competitive banking.

Spanish banks and the blockchain

Spain quickly recognized the potential of blockchain, and banks are showing a growing interest in this technology. Below, we present some examples of the advances of Spanish banking based on the blockchain:

In April 2018, Banco Bilbao Vizcaya Argentaria issued the world’s first corporate loan with Indra. The transaction of 75 million euros was carried out with its solution based on blockchain technology. In June, BBVA and Repsol closed the first operation of a credit line for 325 million euros, again through its blockchain network. A month later, the bank issued a 100 million euro corporate bilateral loan for the ACS Group.

Banco Santander and leading company Broadridge Financial Solutions used blockchain technology in March 2018 to vote at a general shareholders meeting. Also, Santander launched via iTunes Pay FX, the world’s first application for international payments (Eurozone and USA) based on this technology. In the same year, the bank created a blockchain research team to explore its potential in securities trading, including derivatives, debt, and other products.

In that sense, according to Carlos Bernal, Indra’s director of financial services in the country, the blockchain should stop being seen as a threat, to be seen as an opportunity.

How has the financial sector changed?

It is facing a profound change in the model as a consequence of the digital transformation. Phenomena such as platformization, open banking, or the growing demand for advanced digital identity solutions mark this evolution.

However, rather than as a threat, digital transformation should be a fantastic opportunity to improve entities’ cost structure and increase their predictive capacity in terms of risk analysis.

What is the relationship that the financial sector has with technology?

This sector is in the post smartphone era, which requires the creation of a new model of digital relationship with customers and, for this, it is necessary to evolve from a branch centric concept to another customer-centric, and this is not only achieved with the closure of offices and reduction of staff.

How is security approached within the new financial environment?

The digital transaction is one of the processes that best characterizes the new model towards which the bank is heading. That is why the so-called digital identity is presented as a fundamental technology to implement new business models that take advantage of the digital field’s potential.

What is Indra’s role in this sector?

Indra is a leader in the development of technologies for the financial sector in Spain and Latin America. Currently, the top 10 Spanish entities are clients of the company, and it’s Latin American clients represent more than 40% of total banking assets in the region.

The company manages more than 2,000 projects per year for 400 banking and insurance groups in Europe, Latin America, and the Asia Pacific. And it is the leading company in means of payment in the Iberian Peninsula and one of the largest global operators in Latin America.

Additionally, it is a leading operator in digital transformation, whose differential offering aims to achieve immediate and tangible results.

They recently announced their ability to launch 100% digital banking.

We have an innovative, disruptive, and differential offer that allows creating a native digital bank from scratch in record time. In practice, our model enables the financial institution to respond quickly to the challenges posed by the new context, characterized by an unprecedented level of interaction with customers through exclusively digital channels.

What do banks gain from this?

The banks, which count on Indra as a technological partner, enjoy the highest functionality and ability to serve their customers, thus offering a differential service with high added value.

Thus, the banking customer benefits from a personalized and homogeneous user experience.

What is your perspective on the ‘blockchain’?

For us, this technology has a great capacity for transformation in complex scenarios and processes. Several actors have to trust and collaborate since it provides two essential elements for change: more trust and less friction while focusing on information privacy and performance.

How could the ‘blockchain’ boost the financial sector?

This technology can represent significant savings in terms of infrastructure and an improvement in the efficiency of the processes in the back office.

Besides, it is a facilitator for the development of new digital businesses, which lead to the implementation of new business models and the design of new products and services. The blockchain system works like a large ledger or database.

Do you already have experience in this type of technological development?

BBVA and Indra have successfully concluded the first operation that facilitates the negotiation and signing of a corporate loan using blockchain worldwide; this, in line with their close collaboration to transfer the advantages of the most advanced technology to business operations.

How does blockchain technology help in the accounting of people and companies?

One way that the blockchain can represent a step beyond accounting lies in the fact that, instead of keeping separate records based on transaction receipts, parties will be able to write their transactions directly to a common record. These entries are protected with encryption so that falsifying or deleting them is practically impossible.

Will digital accounting be more and more a trend?

Indeed, the blockchain allows us to go beyond digital accounting. Although digitized, the accounting processes always required a neutral mediator to verify the acceptance of the terms of both parties, making the operation possible.

What other uses does the ‘blockchain’ have?

Despite the advances of the blockchain, financial transactions continue to transit mainly through networks and infrastructures that were built half a century ago. The operating systems of banks were designed on network protocols that are not current.

Therefore, it is not plausible that replacing banking and interbank infrastructures from off-blockchain to on-blockchain is imminent, but it should be intensified as of 2020.

But if a bank uses blockchain, there are no risks that the copy of the database on my computer can be compromised?

Blockchains can be public or private databases. If we had a public registry like a property registry, maybe we would like to have a public blockchain. If we are a private entity, we can choose to encrypt the database, and the encryption system is protected by the collective power of the connected computers. To this day, the world does not know a safer protection system than BlockChain. In a public BlockChain, such as Bitcoin, you can see the history of the transactions, but the two parties’ entity is secret.

In addition to security, Bitcoin offers other benefits. Since each piece of information has a unique identifier, a user’s ability to “double pay” is eliminated. In other words, if I have a digital photo and I send it to my friend, in the world of Bitcoin, the photo cannot be copied, and it is transferred from me to my friend. Bitcoin also offers to speed up transactions and lower costs by eliminating the burdensome part of verifying transactions. Electronic money, financial products, even physical property, can be registered in a BlockChain, eliminating the need for many red tape and lawsuits to determine who is the “real” owner of something.

As a new technology, BlockChain is still being tested and explored to determine its best uses. As JPMorgan Chase and Goldman Sachs, along with bags as NASDAQ, banks are investigated the potential of BlockChain (a technology whose source code is free and available for anyone to download person). In short, BlockChain could represent the next wave of innovation in the financial sector. Is your bank considering how to use it? What other uses could we give to BlockChain? Leave your ideas in the comments section.

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Blockchain

Not Just Talk, BlockDAG Goes All In: 100M Live Airdrop, Tools Running, and BDAG Still at $0.0030 For 12 More Hours!

Published

14 hours ago

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June 28, 2025

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BlockDAG is doing things differently. It raised over $324 million, sold 23.3 billion coins, and onboarded more than 2 million mobile miners, all before launch. And now it’s rolling out a massive 100 million BDAG airdrop to drive even more engagement. This isn’t about hype; it’s about getting users involved. The airdrop has users jumping into quests tied to real features like the testnet, presale tools, and referral challenges.

These aren’t just gimmicks. BlockDAG wants users to test smart contracts, use wallets, join communities, and spread the word. The goal is to build a strong, active base before BDAG hits exchanges. This is the shift from hype-driven crypto launches to real, hands-on community building, and BlockDAG is already ahead of the curve.

A Closer Look at BlockDAG’s Live Features

This isn’t a whitepaper fantasy. BlockDAG already has major parts of its ecosystem live. The testnet is active and lets users deploy smart contracts. The no-code dApp builder is up and running, and the X1 mobile mining app is among the most used tools of its kind.

Here’s what’s already happening:

  • 18,150+ mining devices sold, with July/August delivery underway.
  • Builder grants are live and rewarding early devs.
  • The dApp builder helps users build without writing code.
  • 2 million X1 miners form one of the biggest mobile mining groups.
  • Tools are ready now, not months later.

BlockDAG is making it clear, this isn’t a “coming soon” setup. People are already testing, building, and mining. While many other projects are still finalizing plans, this one’s in motion.

How BlockDAG’s Airdrop Strategy Focuses on Growth

Many crypto airdrops attract users who show up for the reward but disappear just as quickly. BlockDAG is taking a different path. Its airdrop is built to reward meaningful participation, not empty clicks. The goal is to engage people who actually use the tools and contribute to the ecosystem’s early growth.

To earn BDAG through the airdrop, users complete a variety of quests across four key areas. First, Testnet Quests allow users to interact with the network on a technical level, testing the wallet, deploying smart contracts, and reporting bugs. This helps improve the infrastructure while giving rewards to those helping shape it. Second, Presale Quests include actions like buying BDAG, installing the X1 mining app, and generating referrals. These directly fuel presale momentum and increase miner activity.

Third, Social Quests encourage users to actively participate on platforms like Twitter (X), Telegram, and Discord by posting, following, and amplifying BlockDAG organically. No influencers are needed, just genuine community energy. Finally, Referral Quests offer ongoing rewards to users who bring in new participants. Every referral strengthens the network and turns individuals into drivers of growth, reducing the need for paid ads or marketing gimmicks.

Seeding a Real Network Before the First Trade

This approach is not a short-term promotion. It is a strategic framework for community-led expansion. By the time BDAG lists on exchanges, the network will already feature a live and growing miner base through the X1 app, a community that has tested its infrastructure, and functional dApps developed on the live testnet.

Most Layer 1 projects launch first and hope users show up later. BlockDAG is doing the opposite, building its ecosystem before listing. With $324 million raised, a current presale price of $0.0030, and the next increase to $0.0080 approaching fast in 12 hours, the value of early engagement is becoming more obvious by the day. This crypto airdrop is not just about giving away tokens. It is about seeding a network that is already working.

Looking Ahead

BlockDAG’s airdrop is part of a plan to build real activity before the coin is even live. With 23.3 billion coins sold and a $0.05 launch price locked in, it’s already made serious progress. The tools are live, miners are active, and builders are shipping.

Right now, the crypto presale includes a special limited-time offer: $0.0030 per BDAG, even though Batch 29 is priced at $0.0276. That offer’s ending fast, with a jump to $0.0080 coming in just 12 hours.

This project isn’t focused on hype. It’s rewarding the people who show up early, test the features, and help the ecosystem grow. From live mining to a no-code builder and a smart airdrop model, BlockDAG is creating something built to last. And for those watching from the sidelines, this might be the last low entry point before things go big.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Web3 ai, Polkadot, VeChain & Sui: Why These Are the Best Crypto Investment Picks for 2025 

Published

23 hours ago

on

June 28, 2025

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Are you ready to catch the next wave in crypto before the big run begins? The crypto market is shifting fast, with new tech, whale moves, and early listings changing the playbook. As traditional markets turn volatile, crypto is once again drawing everyone’s attention. The question is no longer whether to invest, but where to put your capital for the best crypto investment returns in 2025 and beyond. 

Right now, investors are zeroing in on a few select projects showing momentum, fresh development, and actual adoption. Polkadot, VeChain, and Sui are all making headlines for different reasons, but if you want an all-in-one ecosystem that could unlock generational gains, Web3 ai stands out from the crowd. If you’re hunting for the best crypto investment and don’t want to look back with regret, now is the time to pay attention.

1. Web3 ai – The AI-Powered Upside Most Traders Still Miss

Web3 ai’s crypto presale is taking its place as the best crypto investment for anyone looking for something beyond memes and speculation. With the presale currently in Stage 9 and $WAI tokens offered at just $0.000443, the project has already raised over $8.1 million. The listing price is set at $0.005242, meaning early participants lock in nearly 1,700% upside even before any exchange hype. But what makes Web3 ai a best crypto investment isn’t just the entry price. It’s the utility: eight AI tools that cover everything from portfolio optimization, DeFi yield farming, and scam detection, to automated trading, market sentiment tracking, and risk management. The project’s emphasis on utility over hype has helped build real momentum, both from retail and early whale buyers.

The $WAI’s presale token is more than a ticket for presale gains. It’s the access key to an entire platform of smart investing tools, staking, governance, and even discounted subscriptions for premium services. This gives $WAI an actual reason to be in demand post-listing, which is rare in the presale space. As Web3 ai pushes its hack-resistant and governance-ready infrastructure, analysts are already floating a long-term $5 narrative for $WAI, making it the best crypto investment window for those who want real upside before the crowds pile in. With its all-in-one design and real on-chain AI utility, Web3 ai could soon define what the next phase of crypto investing looks like.

2. Polkadot – Connecting the Chains, Unlocking Value

Polkadot (DOT) continues to be one of the best crypto investment picks for 2025 thanks to its focus on cross-chain connectivity and parachain development. Currently trading near $7.20, DOT has attracted renewed whale attention following upgrades to the XCM messaging protocol and new parachain slots. In the past month, DOT has been holding strong with positive momentum, as total value locked in the ecosystem pushes higher and more DeFi platforms choose Polkadot for their interoperability needs. This tech focus isn’t just hype; it translates to actual usage, which is what drives sustainable value in crypto.

Polkadot also benefits from a robust staking ecosystem, with more than 50% of circulating supply staked for network security and rewards. Analysts have set their eyes on DOT’s potential return to double digits, especially as the parachain auctions accelerate adoption and new integrations go live. Whale data shows large wallets accumulating DOT throughout June, pointing to a buildup ahead of the next leg higher. With active development, institutional interest, and a unique approach to solving blockchain silos, Polkadot stands out as a best crypto investment for anyone who wants both innovation and real market action.

3. VeChain – Enterprise Utility Meets Real-World Adoption

VeChain (VET) has earned a solid reputation as a best crypto investment for those seeking actual enterprise adoption. Priced near $0.031 and holding a market cap above $2.2 billion, VET has seen consistent whale inflows as it rolls out new partnerships in supply chain, healthcare, and sustainability. VeChain’s blockchain is already being used by brands like Walmart China and DNV, proving the tech has real-world impact, not just a vision. In recent weeks, the VeBetterDAO rollout and the launch of marketplace incentives have boosted both transaction volume and network activity, attracting more developers and enterprises to the platform.

A standout feature is VeChain’s dual-token model, using VET for value transfer and VTHO for transaction fees. This approach keeps costs low and makes it easier for enterprises to adopt blockchain technology at scale. Whale tracking sites show big wallets scooping up millions of VET since the start of June, betting on continued integration with global business networks. As the world focuses on sustainability, VeChain’s carbon tracking tools and transparent supply chain solutions position it as a best crypto investment for those who want more than just speculation, they want blockchain changing the real world.

4. Sui – Speed, Scalability, and New-Gen Blockchain Buzz

Sui (SUI) is quickly becoming one of the best crypto investment candidates of 2025. Trading around $0.84, SUI has drawn attention for its unique Move programming language, blazing transaction speeds, and ability to process up to 297,000 TPS in controlled environments. Recent months have seen a surge in Sui DeFi projects, NFT launches, and GameFi applications, making it one of the most developer-friendly networks in the market. Whale watchers have noted significant SUI accumulation, with several new wallets picking up large positions following the announcement of cross-chain bridges and deeper CEX integrations.

What makes Sui especially compelling is its focus on usability and mainstream adoption. Low fees and fast settlement are attracting users tired of congestion and delays on other networks. The Sui Foundation’s recent grants and hackathons have also stoked ecosystem growth, bringing in new talent and fresh dApps. With the Layer-1 sector heating up and Sui’s tech proving itself in real market conditions, this token is firmly in the best crypto investment conversation for 2025. For investors looking for speed, scale, and community-driven growth, Sui offers a clear edge.

Summing Up

If you’re on the hunt for the best crypto investment this year, don’t just chase what’s hot, look for projects where utility, innovation, and momentum all line up. Web3 ai, Polkadot, VeChain, and Sui are four of the most exciting opportunities in the market right now. Web3 ai leads the pack, combining AI tech, a killer presale, and live tools that are set to reshape how investors trade and manage crypto portfolios. Polkadot continues to connect the ecosystem with real value, VeChain proves blockchain can solve real-world business problems, and Sui delivers the speed and scalability new users crave.

Each of these tokens is backed by strong fundamentals and growing adoption, but Web3 ai may be the only one with true 1000x potential still left on the table. If you want to make your mark on this market cycle, keep these projects on your radar. With the best crypto investment keyword as your guide, you’ll be ready to capture the next big move, before everyone else sees it coming.

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As Ethereum Stabilises and Celestia Surges 17%, BlockDAG Delivers 100M BDAG Airdrop and 16x Upside at Just $0.0030!

Published

1 day ago

on

June 27, 2025

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What happens when Celestia’s surprise rebound meets Ethereum’s steady support above $2,400? You get a market that is not just recovering, but realigning. Celestia surged 17% after revealing a $100 million treasury, calming doubts and reigniting interest. Ethereum held firm after a brutal flash crash, showing strength backed by ETF inflows and whale activity.

Both tokens are back in focus, but another name is quietly building momentum with more than price action. BlockDAG (BDAG) is doing something different, and it is turning heads for good reason.

The project has launched a 100 million BDAG airdrop structured across two three-month cycles. With four ways to earn points, testnet use, coin buys, content creation, and referrals, the system is designed to reward effort and consistency. It is not just a giveaway, it is a real opportunity for those ready to engage.

Celestia Price Surge Follows Reassurance & Treasury Disclosure

Celestia (TIA) is making headlines after a sharp 17% rebound took it from $1.32 to $1.63 in just 24 hours. The price jump followed public remarks from co-founder Mustafa Al-Bassam, who denied insider selloff rumors and confirmed the project holds over $100 million in reserves. He emphasized that the team remains committed, easing fears of a leadership exit.

Despite the bounce, TIA remains over 80% below its all-time high. Some traders view the move as temporary, while others point to renewed whale accumulation as a sign of confidence. If resistance around $1.80 breaks and $1.60 holds, a stronger recovery could take shape, but execution will be key.

Ethereum Holds Ground Above $2,400 After Massive Selloff

Ethereum (ETH) has recovered from a sharp dip to $2,224 and is now trading around $2,435. The crash was sparked by a wave of high-volume selling, but prices quickly stabilized following geopolitical easing. ETH is now holding short-term support levels between $2,290 and $2,370, keeping bullish momentum alive.

Institutional flows are strong, with over $4 billion entering ETH ETFs this month. Big names like ConsenSys and SharpLink are adding to their positions, with large stakes being staked or locked. Combined with the recent Pectra upgrade, ETH’s fundamentals are improving fast. If it clears $2,580, a push toward $2,800 could follow.

BlockDAG’s 100M Airdrop Turns Action Into Long-Term Crypto Rewards

BlockDAG is not running a typical airdrop. It has launched a 100 million BDAG reward system that is split across two three-month seasons. Each leaderboard reset gives users a new shot at reaching the top 100 and claiming serious rewards. But what sets this apart is how points are earned. Testing features, joining the presale, posting content, and bringing in referrals all count. This system is not just about holding, it is about doing.

The airdrop structure is designed for sustained engagement. Instead of one-and-done claims that reward early noise, BlockDAG offers a repeatable challenge where users earn by participating across multiple fronts. With new entries able to join and compete at the start of each season, it opens the door for latecomers to make real progress.

BlockDAG stays at $0.0030 for only 12 more hours, then it climbs to $0.0080. More than 23.3 billion coins have been sold, and $324 million has already been raised. With a target listing price of $0.05 and a total presale target of $600 million, the current entry point presents a potential 16x upside.

With 2 million users already mining via mobile, hardware deliveries scheduled, and listings confirmed with major exchanges like MEXC and BitMart, BlockDAG is showing clear execution. That is exactly why it is being called one of the best cryptos to buy before launch.

The Path Ahead

Celestia is gaining renewed momentum after revealing a $100 million treasury, and Ethereum continues to hold firm above $2,400 with strong support from ETF inflows and whale accumulation. Both tokens are drawing attention, but for those looking beyond price charts, BlockDAG is offering something with more structure and upside.

Its ongoing airdrop is designed as a long-term strategy, not a one-off event. With two three-month leaderboard cycles and 100 million BDAG in rewards, users can earn by testing features, sharing content, or joining the presale. At $0.0030 for only 12 hours with a $0.05 listing target, BlockDAG is shaping up as the best crypto to buy before launch.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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