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What is a decentralized search engine?

When searching for your favorite goods and services online, you should know that using China’s Blockchain gives you more privacy.

Instead of the main search platforms deciding what is relevant to you and what is not, and instead of a decentralized search engine based on the huge amount of data they have collected in silence, you decide what information you want to share.

Instead, you get targeted ads that fit your interests. In addition to restoring ownership of personal information to users, this is also beneficial for businesses. They no longer have to target people that big advertising platforms want.

They only advertise to users looking for their products and have a relative interest in them. These limited-focus ads can dramatically increase conversion rates and increase sales.

Usually, the more information you provide to these types of exchanges, the higher your withdrawal, and payment ceiling. Authenticated users of these platforms can contact the exchange support team in the event of any technical errors or if they forget their password.

In most cases, centralized exchanges provide their users with currency pairs that are a party to stable coin exchanges. These exchanges are very popular among digital currency activists, and you can easily find one of these virtual or online platforms. Examples of centralized digital currency exchanges include Binance, Coinbase, LocalBitcoins, etc.

What is a decentralized exchange or Dex?

DEX or Decentralized EXchanges are similar to a centralized exchange, except that there is no third party you can trust. All payments and sales are stored in this blockchain exchange. These platforms allow cryptocurrencies and tokens for peer-to-peer ( P2P ) trading.

In decentralized digital currency exchanges, individuals can trade their digital currency on a peer-to-peer (user-to-user) basis without opening an account at the exchange. This exchange operates decentralized, and there is no controlling authority. In a decentralized exchange, the need for trust in a third party is eliminated, there is no intermediary, and transactions are done through smart contracts.

How do decentralized exchanges work?

In a decentralized exchange, the client converts its cryptocurrencies into exchange network tokens in the Dex exchange, stored in a wallet. After doing this, users can use their tokens in the exchange blockchain. The digital currency in the wallet acts as collateral.

You can exchange the digital currency in the exchange with other cryptocurrencies or request to sell cryptocurrencies. The sales order or any other request is stored in the exchange blockchain, one of these exchange features. When a transaction is completed, the passwords will be credited to your account after a while

How a decentralized search engine

It works like a normal search engine.

It provides a platform for you to search the Internet. Information related to your searches is stored in the blockchain. By constantly circulating and interacting with the decentralized search engine, you create an online identity and a buyer personality.

True, this can be bypassed-but not unless you’re a techie who knows what he’s doing. Your information is encrypted with a private key and remains secure and anonymous for as long as possible.

You have the option to make smart contract this information directly available to specific retailers. This reduces advertising intermediaries, which expose users to meaningless, high-volume ads, and reduces sponsored ads, costing businesses millions of dollars.

In addition, users can receive compensation (or rewards) for any related search, which is sent directly to the user by the advertiser. An example is a BASE (BitClave’s Active Search Ecosystem), which compensates users with digital currency, cat, for related searches. This currency can then be used in online shopping from retailers.

The main benefit of such a system is that it allows users to potentially benefit from their online searches and get information about the products they are interested in.

Businesses, in turn, directly advertise the user’s needs. Buyers are more likely to buy in this area. This will significantly increase the average conversion rate by 2%. Organizations are already spending billions of dollars to achieve that.

Why do we need a decentralized search engine?

Online advertising is run by a handful of giant companies, including Google, Amazon, and Facebook.

These big companies dictate to businesses how they should run their advertising campaigns if they want to stay competitive.

We may not always realize that whenever we work with the Internet using search engines, mass media, or large retailers, much of our personal information is recorded and tracked in various forms and forms.

This information is then used in various advertising campaigns. Businesses spend large sums of money participating in the online industry, hoping to gain a billion dollars in online customer base. These campaigns become aggressive and often irrelevant sponsored advertisements that overshadow our day-to-day online experience. Therefore, this industry must be eliminated.

What search engines like BitClave do is return power to everyday customers and the businesses they buy from.

This type of search engine creates an environment where you only receive ads from your favorite organizations. Businesses also only pay to advertise to people looking for their products.

Simply put, you get the opportunity to make money while surfing the Internet by receiving highly relevant offers. For businesses, this means significantly reducing advertising costs by eliminating intermediaries (advertising campaigns) and at the same time achieving higher revenue by increasing conversion rates as a result of advertising.

In fact, how can it be done?

Suppose, for example, that you are looking for summer clothing on the Internet.

When you search for the latest modes, the blockchain-based application captures information about the parameters you are searching for. This allows merchants to base their offers on the same parameters (i.e., summer clothing) and to do targeted and timely advertising.

When you search, you are not bombarded with unsolicited advertisements that are not relevant to you at the time – such as buying the best house or car or choosing the best restaurant in town -.

At best, these irrelevant advertisements act as a distraction and take you away from your main priority: buying clothes. However, if your main priority is to buy a house or a car, this platform assures you that it will show you the relevant offers depending on the budget and the criteria you are looking for.

If you decide to learn more about a particular offer and click on it, you will receive compensation (reward) for this effort.

Uses are almost unlimited and can be applied to any product or service you are interested in and search for online. In any case, you will be compensated or rewarded for the targeted offers you receive