Abstract:

After the COVID-19 pandemic hit throughout the globe, the financial system of most nations was given tampered with. Since then, online engagement is at its top and people determined social media as a brand new weapon to invest in and promote their enterprises and skills. This led to the advancement of a capability idea of investment, referred to as crowdfunding. All the traditional crowdfunding systems are not much secure and reliable. In order to protect the funds from being misused and the platform from getting hacked, we should implement the solution using Blockchain. The use of blockchain technology in crowdfunding has several advantages, including transparency, security, and lower transaction costs. Since blockchain transactions are recorded in a public ledger, all stakeholders can access and verify the transactions, ensuring transparency. Additionally, the use of smart contracts ensures that funds are automatically distributed based on pre-determined rules, reducing the risk of fraud or misuse of funds.

Description:

Crowdfunding, Cryptocurrency, Blockchain,Dapp, Ethereum, Smart Contracts, Metamask, Web3.