Whitepapers Vid White Paper Explained Summary

Vid White Paper Explained Summary

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Vid White Paper

Summary:

-the aim of the Vid White paper is to provide an overview of the Vid philosophy and technology
-the White paper discusses the inspiration for creating Vid, the problem it is trying to solve and the solution proposed by Vid
-Vid is a decentralized platform that enables users to earn income based on the value they create with their usage
-the value income model is a viable alternative to UBI and has the potential to empower users and create a more equitable society

Explained – Vid White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Vid white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Vid (VI).

Lets understand Vid (VI) after going through the Vid white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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Vid White Paper

Vid (VI) white paper will be going to provide you, all the information that is needed to get started with Vid (VI), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Vid (VI).

Introduction

We believe VI – Value Income is a viable alternative to UBI. VI is the value created by users, redistributed to users as an additional form of income. The value is generated by a users usage of a business. Users create enormous value in user centric or C2C businesses, but none of this returns to them. Every time a user opens Facebook, searches with Google or watches a video on Youtube they create value for that platform.

Other than free access to the service what does this user receive for the value they have created? Nothing. These companies have a combined value of trillions of dollars, but they have zero value without their users. The power and value is with the users. With the Value Income Model, users have the power to earn income based on the value they created with their usage.

White Paper Link: Vid White Paper

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