The problem SupportHub solves

The problem that the decentralized crowdfunding application solves is the lack of transparency and accountability in traditional crowdfunding platforms. With the use of blockchain technology, the decentralized crowdfunding application provides a secure and transparent platform for individuals and organizations to raise funds for their projects.

The application makes it easier and safer for individuals to support projects they believe in, as all transactions are recorded on a tamper-proof ledger. The decentralized nature of the platform also eliminates the need for a middleman, thereby reducing the fees associated with traditional crowdfunding platforms.

Additionally, the platform offers more control to project creators as they can directly manage the funds raised through the platform without having to rely on a third-party.

Overall, the decentralized crowdfunding application provides a secure, transparent and efficient platform for individuals and organizations to raise funds for their projects, while also offering peace of mind to supporters who can track the progress of their investments.

Challenges we ran into

One of the biggest challenges we ran into while building the decentralized crowdfunding application was ensuring that the platform was user-friendly and accessible to individuals who were not familiar with blockchain technology.

To overcome this challenge, we invested a significant amount of time in designing the user interface and ensuring that the platform was intuitive and easy to use. We also provided detailed tutorials and FAQs to assist users in navigating the platform and understanding how it works.

Another challenge we faced was ensuring the security of the platform and the funds raised. As the platform is decentralized and operates on the blockchain, it was important for us to ensure that the platform was secure from malicious actors. To mitigate this risk, we employed several security measures such as two-factor authentication and regular security audits.

In conclusion, we faced several challenges while building the decentralized crowdfunding application, but we were able to overcome them through a combination of technical expertise and a commitment to providing a secure and accessible platform for individuals and organizations to raise funds.