corresponding real estate token , investors can receive real-time information about the value of their investment . Furthermore , because no notaries or banks are involved , token transfers are much cheaper and faster than traditional real estate transactions , and activities can be carried out at any time from anywhere via the Internet .
Can property titles be managed on blockchain ?
Depending on the country and the kind of operating property laws , blockchain-based virtual shares can include property titles through the use of smart contracts . However , many countries still lack institutional regulations of this kind , which is why the majority of blockchain real estate projects see the property tokenized instead and only in rare cases accredit the investor with true property rights . We are confident that this will change in the coming years , as the technology evolves and the laws change with it .
Learn the lingo
Unless you are familiar with Blockchain and cryptocurrencies , many of the terms and acronyms used can be confusing . Keep learning to stay ahead of the curve .
BLOCKCHAIN
Blockchain is a decentralized database , operated by numerous users in a network of computers . It cryptographically links blocks that contain
unalterable information in particular about all
transactions carried out in the system .
CRYPTOCURRENCY
A unit of currency that exists only in digital form .
DECENTRALIZED EXCHANGE ( DEX )
A decentralized exchange or DEX is a peer-to-peer marketplace that connects buyers and sellers of cryptocurrencies .