The birth of Bitcoin in 2009, by Satoshi Nakamoto, marked an important event in the history of humanity, and this is because it has revolutionized and transformed various areas of human life.
On the one hand, we have the decentralized finances of our time. We no longer have to be dependent on governments, central banks, and private banks. Now we can take control of our economy ourselves without interference from power factors.
Find out the effect of Bitcoin in an oppressed country and doubtful democracy.
But on the other hand, Bitcoin and its basic technology; the blockchain is transforming the technologies of our time and even how we obtain economic profits.
Endless crypto projects inspired by Satoshi Nakamoto decentralized vision promote and provide citizens worldwide with possibilities that were unthinkable two decades ago. For example, “earn money for listening to your favorite music.”
And that is precisely what the Bitradio platform and its cryptocurrency (BRO) offer.
Find out the most likely options of who the real Satoshi Nakamoto could be.
What is Bitradio?
Bitradio is a community-driven radio website. This free radio service brings together more than 30,000 radio stations through which you can obtain Bitradiocoins (BRO) while listening to your favorite radio station; in addition, users can exchange their BROs for bitcoin or keep them to own one part of the websites and services.
How does Bitradio work?
Most cryptocurrencies are supported by blockchain technology, but despite this, there are many differences in their way of operation. Some use the Bitcoin security protocol, Proof of Work, which is based on digital cryptocurrency mining as a method to get rewards, and others use the Proof of Stake security protocol, which is simply about validating transactions and getting rewarded for it.
Bitradio uses the Proof of Stake protocol, which allows you to constantly validate the BRO cryptocurrency transactions every time you play a radio station. At the same time, you get a reward for it.
How to start using Bitradio?
To do this, you must create an account on the Bitrad.io site and then choose your liking station. This can be selected by favorite musical genre, country, or city. Later you have to start playing it and listening to it; that's all you have to do to start earning BRO's.
An important aspect that you should consider is that when you play the audio, you may notice that the player marks four browsers in which the audio has been tested. We are talking about: Chrome, Safari, Firefox, and Explorer. If the icon is in green, it means that the station can be played in the said browser. If the icon is red, it indicates that the browser does not support the chosen station's audio, and if it is in gray, it has not been tested in that browser.
It is important to look at your profile in the “profile” option inside the control panel. There you will find four options:
In the “All-time earned” section, the total number of coins you have earned by playing your favorite radio on Bitrad.io will appear. Next step, it is important in the profile section to configure the personal portfolio where you will receive the BRO's won. Once your wallet is configured, the earned BROs will be automatically transferred to that wallet.
As we mentioned before, Bitradio works through the Proof of Stake. However, the automatic validation system in network transactions is optional, so the official portal indicates that:
“Users who keep their wallet open to secure the network through staking will get 0.5 BRO per block”.
Like Bitcoin, Bitradio is committed to open-source software so that all wallets can be audited transparently and securely.
Furthermore, Bitradio shares similarities with Dash since it also includes the Masternode system to acquire certain privileges and provide services that allow earning rewards.
“Anyone with 2,500 BROs can run a masternode to get some rewards. Masternode owners get 0.5 BRO per block”.
As Bitradio is a platform that works under the Proof of Stake protocol, this makes your transactions almost instantaneous. According to Bitradio official web portal, the transaction speed is about 120 seconds.
Along the same lines, the Proof of Stake makes this blockchain platform respectful with the environment in such a way that in this project, mining hardware that consumes a lot of electrical energy from fossil fuels is eradicated.
Regarding the distribution of BROs to users who play this blockchain's radio stations, the official Bitradio portal adds:
“For every hour, 120 BRO (4 per block) will go to users who listen to music”.
A situation that can represent a great opportunity if we consider that this platform is just beginning, and therefore currently, there is not much competition among music player users.
Likewise, it is crucial to take into note that at the time of writing, the value per unit of each BRO is $ 0.009549, according to Coinmarketcap. This means that $ 0.038196 per block is emanated per hour in the Bitradio network.
The minimum BRO transaction fee is 0.0001.
Bitradio (BRO) is just one among many examples of projects that have been born from the inspiration of the financial revolution that has brought Bitcoin and its blockchain technology.
This is how a decentralized financial market is developing and different from the one we knew, an alternative that embodies all human life tasks.
We are not just talking about banking or decentralized finance between P2P peers, Bitcoin's reason. We are also talking about Smart Contracts, Artificial Intelligence IOT, governance (centralized and decentralized), autonomous cities, insurance, medicine, agriculture, public services, and of course, entertainment, an area where we find that art that inspires beings so much to the humans; the music.
Suppose you are one of those who love music today. In that case, you can count on many blockchain projects like Bitradio that provide you with fun, entertainment, and economic rewards.
Disclaimer: This is a paid press release from Bitradio. BitcoinExchangeGuide does not endorse, nor are we responsible for the content included in this paid release. We encourage all of our readers to do their research before interacting with the company.