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What is MediBloc (MED)?

MediBloc basic info

Name:MediBloc
Ticker:
Introduction:

What is MediBloc (MED)?

In the healthcare industry, there's a South Korean-based decentralized blockchain protocol called MediBloc (MED). This protocol facilitates the secure transfer, collection, storage, and management of data for medical institutions. Physicians can access patient information, medical history, prescribed medication, insurance issues and more using MediBloc. One of the significant benefits of MediBloc is that it makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments, and more.

Who Are the Founders of MediBloc (MED)?

MediBloc was founded in 2017 by a team of experienced doctors and entrepreneurs, along with talented software engineers. The co-founders, Dr. Allen Wookyun Kho and Dr. Eunsol Lee, are both healthcare professionals with impressive credentials and achievements in their respective fields.

Dr. Kho holds a Bachelor of Science from Korea Advanced Institute of Science and Technology, a Master in Computer Science from Columbia University in New York, and a Master of Dentistry from Kyung Hee University. He is a former lead software engineer at Samsung Electronics, where he played a significant role in the development of the Galaxy S software.

Dr. Lee, on the other hand, holds a Bachelor of Medicine from Hanyang University and a Master of Medicine from the University of Ulsan. She is a radiology and biomedical informatics specialist with a remarkable track record, having worked as a developer at NEXON, a radiology specialist at Asan Medical Center, and a public health doctor. She was also a former member of the Presidential Committee on the Fourth Industrial Revolution and a representative of the Special Committee on Digital Healthcare under the same committee.

How does MediBloc (MED) Work?

MediBloc is a decentralized blockchain protocol in the healthcare industry that has been designed to provide secure transfer, collection, storage, and management of medical data for patients and medical institutions. The ecosystem is built on three key elements: MediBloc Core, MediBloc Application, and MediBloc Service. These layers enable physicians to access all the necessary patient information, including medical history, prescribed medication, insurance issues, and more. The platform offers three categories of accounts, which are for general users, healthcare providers, and data scientists. MediBloc is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users control over their data. Additionally, it complies with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

What makes MediBloc (MED) Unique?

MediBloc's ultimate objective is to create a health data platform that is centered around patients, driving the importance of data and encouraging a healthy lifestyle. The project aims to revolutionize the healthcare industry by creating a unified, real-time patient database. The decentralized platform brings together patients, healthcare providers, and medical researchers, with the patient being the sole owner of their health data, records, treatment history, and more.

The platform is designed to prevent any data loss through backups, and only reputable medical institutions and trusted healthcare affiliates are allowed to make changes. The blockchain system provides an added layer of network security, minimizing risks such as fraud and data hacking.

The protocol aims to minimize redundant data, ensuring streamlined treatment, efficient medical care, and greater accuracy of diagnoses. The platform also features an objective incentive system, where all contributors or data owners are rewarded in MED tokens.

How is the MediBloc Network (MED) Secured?

MED was launched in December 2017 as a decentralized application (dApp) on the Ethereum Virtual Machine (EVM). Later, it was deployed on the Qtum blockchain and then moved to Cosmos via the Cosmos Software Development Kit (SDK). In 2019, the project announced the decision to create and launch its own mainnet.

The platform uses the Delegated Proof-of-Stake (DPoS) consensus algorithm, which is an evolution of the Proof-Of-Stake (PoS) concept. DPoS is considered one of the most energy-efficient models and provides network security through delegate approval voting.

Conclusion

To summarize, MediBloc has the potential to disrupt the management and sharing of medical data. Its emphasis on privacy, security, and decentralization could have a significant impact on healthcare and patient outcomes. As with any investment in cryptocurrency, potential investors should carefully consider the risks and conduct thorough research before investing in MED or any other digital asset.

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Current price:
All-time high:$0.3528
All-time low:$0.001558

MED supply and tokenomics

Circulating supply:9,543,627,000 MED
Total supply:10,337,069,612 MED
Max supply:0 MED
Market cap:$102.63M
Fully diluted market cap:$111.16M

Links

Buy MediBloc for $1Buy MED now

What is the development prospect and future value of MED?

The market value of MED currently stands at $102.63M, and its market ranking is #445. The value of MED is not widely recognized by the market. When the bull market comes, the market value of MED may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MED has broad market potential and significant room for development. The distinctiveness and appeal of MED may attract the interest of specific groups, thereby driving up its market value.

What will the price of MED be in 2025?
Based on MED's historical price performance prediction model, the price of MED is projected to reach $0.01705 in 2025.
What will the price of MED be in 2030?
In 2030, the MED price is expected to change by -7.00%. By the end of 2030, the MED price is projected to reach $0.03920, with a cumulative ROI of +280.33%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MED and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is MED worth investing or holding? How to buy MED from a crypto exchange?

If you want to buy MED, the following information may be helpful for your investment decisions:
In the last 7 days, the price of MED has fallen by -10.82%, leading to negative returns for most MED investors. The market is currently pessimistic about the price trend of MED.
It is important to note that the current price of MED has retreated by -96.95% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether MED is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MED or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of MED, if you want to buy or sell MED, you can consider Bitget for your trading needs. The best place to buy MED is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in MediBloc has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy MediBloc. Here's a step-by-step guide on how to buy MediBloc on Bitget.

How to get MediBloc through other methods?

Using cash to buy MediBloc is not the only way to obtain MediBloc. If you have the time to spare, you can get MediBloc for free.
Learn how to earn MediBloc for free through the Learn2Earn promotion.
Earn free MediBloc by inviting friends to join Bitget's Assist2Earn promotion.
Receive free MediBloc airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to MediBloc through Bitget Convert, Bitget Swap, or spot trading.

What is MediBloc used for and how to use MediBloc?

The use case of MediBloc may expand as the crypto market and the project itself develop. Currently, you can use MED to achieve the following goals:
Arbitrage by trading MED: Since MED is a frequently traded cryptocurrency, the price of MED is always fluctuating. Earn more MED by buying low and selling high on the exchange. Bitget spot market provides a variety of MED trading pairs to fully meet your needs.
Earn by staking MED: You can also generate income through financial management methods such as staking MED or lending MED. Bitget Earn offers a variety of financial products designed to help you earn more income from your MED.
Send or pay MED: If you want to give MED to your friends, a charity, or a fundraiser, or you want to pay someone with MED, you can quickly and easily send MED to the recipient through their payment address.
You can also go to the official website of the MediBloc project to learn more about the use cases of MED. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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