Review on Bread by Jesmin Akter

Blockchains will one day be comparable to smartphone apps, which quickly went from obscurity to the front of the line in the smartphone world. Blockchain technology is in use in a variety of applications, including cloud storage and identity verification. However, from the outset, the cryptocurrency Bitcoin was created with the intention of disrupting the traditional financial system. A new product has been released in the hopes of helping us get back on track with our initial goal.



Breadtech aims to disrupt and redefine conventional banking. Aims of this project include creating a blockchain-synchronized, Bitcoin-based wallet that is made available to everyone. In the early stages of Bitcoin, one might view Bread's mission as moving the concept of virtual currency closer to becoming a widespread phenomenon. In reality, however, Bread employs Bitcoin to achieve this goal. Bread tokens (BRD) are utilized by the Bread blockchain to carry out its activities, and BRD tokens fulfill other purposes, which are described below.



A decentralized economy may find wide acceptance, but big changes usually need to be backed by a third party organization. Bread's goal is to provide easy-to-use, advanced blockchain capabilities while using the Bitcoin network.



As with other major cryptocurrencies, the Bread BRD token is kept on the Ethereum blockchain and has no potential of mining. As a reward, or as a way to give out tokens as rewards, it may be utilized inside an institutional framework for rewards and loyalty points. Traditional cryptocurrencies intentionally do not have this kind of capability.



Finally, Bitcoin's original aim was to create a decentralized financial system. Some people think it is taking too long to realize this goal, or we have lost our patience waiting for it. However, it also seeks to speed up the transformation process. Bread's biggest move was the rollout of the BRD token, which has the potential to become the main incentive for users to join the network due to its loyalty and discount programs. Let's say this actually is true. Investors may very well see a rise in the value of the BRD cryptocurrency, given its current value. While this is all well and good, one of the reasons for the cryptocurrency's value decline since its ICO is cause for concern, and investors are urged to do extensive research and analysis before making any decisions.