Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Propy records country’s first blockchain-only real estate deal just north of LA County
The Bitcoin transaction for 10 acres of land outside LA involved a buyer in NY  Propy founder Natalia Karayaneva 
 
The country’s first blockchain-only real estate trade involved 10 acres of land just north of Los Angeles County.
 
The sale was made through a platform developed by Palo Alto-based real estate startup Propy. The company’s platform records the information of the sale — the purchase agreement, payments, and other essentials — on the public Ethereum blockchain. The amount was unknown.
 
An unnamed New York-based buyer paid a California seller in Bitcoin for the 10 acres of land in Kern County, about 130 miles north of Los Angeles. Details of the sale were recorded both on the blockchain and with traditional government registries.
 
While cryptocurrencies including Bitcoin have been used to buy and sell in the past, the Kern County sale differs because the entire transaction was recorded on the blockchain, not just the transfer of money.
 
Ethereum functions like Bitcoin, but can record any type of information on its public blockchain. Bitcoin, meanwhile, only records transactions involving its currency.
 
And like Bitcoin, that information is stored on the public ledgers of users around the world, which makes transactions ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention