Doom is an open-source, distributed cryptocurrency platform based on blockchain technology. It was created by a team of developers in 2017 and is designed to provide users with a secure, fast and reliable way to store or transfer funds without the need for intermediaries like banks or payment processors. The Doom network operates using its own native token called DOOM which can be exchanged for other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
The main purpose of Doom is to allow people to send money quickly, securely and privately across borders without having to go through centralized financial institutions that may charge high fees or impose restrictions on transfers due to regulatory reasons. Transactions are recorded on the public ledger known as the blockchain where they remain immutable unless tampered with by malicious actors. This ensures that all transactions made within the system are traceable but private at the same time since no personal information needs to be shared while completing them. As more people join this network it will become increasingly difficult for bad actors attempt any successfully attack it because of its decentralized nature making it one of most resilient networks available today.
Another great feature about Doom is that anyone can develop apps built upon their protocol allowing businesses around world create custom solutions tailored specifically towards their industry needs; whether these applications involve data storage, digital identity management or anything else imaginable within the realm of finance – you name it! Furthermore because there’s no middleman involved costs associated with traditional banking methods such as transaction charges are also eliminated meaning more economical options can now exist even when conducting international payments over long distances resulting in greater economic efficiency overall .
In conclusion doom provides us with an innovative solution perfect those looking form safe & cost effective alternative storing or transferring value between individuals/businesses around globe without having rely heavily regulated third party services thus empowering user freedom control over finances while ensuring utmost security privacy each every transaction processed via this revolutionary new platform
