Question 1

What's the current price of Ties.DB (TIE)?

Accepted Answer

As of now, the price of Ties.DB (TIE) is ADA 0.04348484. The price has increased by +0.00% in the last 24 hours.

Question 2

Can you explain what Ties.DB (TIE) is?

Accepted Answer

Ties.DB is a unique cryptocurrency project that has the primary task of serving as the first public database for decentralized structured data storage. It is designed to cater to the needs of Ethereum-based decentralized applications (DApps), which need an efficient and secure way of storing non-financial data along with capabilities to search through their documents in a swift and comfortable manner.

Question 3

Who created Ties.DB (TIE)?

Accepted Answer

The Ties.DB project is developed and maintained by the Ties.Network team. The team members are skilled professionals committed to leveraging blockchain technology's potential to offer reliable and effective database solutions for decentralized applications.

Question 4

How does Ties.DB work?

Accepted Answer

Ties.DB is engineered to facilitate the storage of structured data for Ethereum-based decentralized applications. With this technology, DApps can store non-financial data, which includes anything from texts and photos to videos. The stored data is not only reliably encrypted, but it can also be searched through and modified, offering a significant level of flexibility and usability. This makes Ties.DB a crucial resource for DApps as it provides a solution for a significant aspect of data management in the decentralized environment.

Question 5

Can you explain more about Ties.DB's technology?

Accepted Answer

The primary technology behind Ties.DB is a public, distributed, and decentralized database that DApps can utilize for their data storage needs. Unlike centralized databases, Ties.DB operates on a decentralized network, minimizing the risk of data loss or corruption. It leverages blockchain technology to secure data and ensure its immutability. What sets Ties.DB apart is its ability to allow for advanced search through the stored documents, a feature not commonly found in other decentralized databases. Moreover, the database enables document modification, granting users far greater control over their data.

Question 6

How is the Ties.DB network secured?

Accepted Answer

The Ties.DB network uses the blockchain's inherent security properties to keep data safe. Due to its decentralized nature, there is no central point of failure, and the data stored within the network is highly resistant to hacking attempts or data corruption.

Question 7

What is the circulating supply of Ties.DB (TIE)?

Accepted Answer

The circulating supply of Ties.DB (TIE) is currently 40.8M, and the total supply is 59.3M.

Question 8

Where can I buy Ties.DB (TIE)?

Accepted Answer

Ties.DB (TIE) can be purchased on the YoBit. Please ensure to conduct your due diligence when dealing with cryptocurrency exchanges to ensure safe transactions.

Question 9

Is there anything else to know about Ties.DB?

Accepted Answer

In a field where the importance of secure and reliable data storage is increasing, Ties.DB is carving out a niche for itself as the first public database for decentralized structured data storage. Its unique offerings such as advanced document search and modification can prove to be game-changers for Ethereum-based DApps, potentially making Ties.DB an integral part of the blockchain infrastructure.

Convert TIE to ADA

Try our Crypto Pro app