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What is a Notary Coin (What does notarization mean)?

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What is a Notary Coin? According to official sources, a notary coin is a way to

What is a Notary Coin (What does notarization mean)?

What is a Notary Coin? According to official sources, a notary coin is a way to solve legal disputes using blockchain technology. The registration, rights confirmation, and transactions of digital assets conducted on the internet require the completion of procedures such as notarization certificates (Gongxinbao), electronic data recording, and preservation to receive corresponding currency as a reward. Bitcoin is also a good example – by verifying a real and valid off-chain transfer and a transfer of 1000 yuan of encrypted currency from one address to another user through smart contracts, one can obtain these funds. Additionally, this portion of encrypted currency can be used for the exchange between legal tender or non-fiat currencies in various financial service fields. For example, the Chinese yuan can also be used for the exchange of legal tender and virtual currency, and this type of token is also known as “Libra Coin.”

What does notarization mean?

Notarization means that through notarization certificates, people are able to prove the authenticity and reliability of their information sources.

In our country’s laws, a notarization certificate refers to a decree or regulation issued by the government that can be used to verify and store electronic data, actions, or documents. It includes ownership records, transaction records, and information related to contract rights. Therefore, “notarization certificate” is also called “Gongxinbao.” It is a digital certificate generated based on public key encryption technology and has uniqueness and traceability. (Blockchain investment direction)

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