AIAScoin Token ICO: Auto Cryptocurrency Payment Processing System?

2018-8-10 15:43

Crypto and the blockchain apps have seen significant growth in recent years. Right now, some of the biggest companies on earth are working on new blockchain-based projects. Experts have said that the blockchain could forever change some of the industries in the world forever. Right now, the blockchain is mostly utilized in crypto as a store of wealth. At the height of its market valuation, crypto had hit above $800 billion.

Despite its drop from that high, all experts agree that blockchain technology has real-world applications in the fintech world and other areas. The blockchain brings efficiency where inefficiency was caused by centralization.

The Current Problem

Satoshi Nakamoto, the creator of the first blockchain, was to integrate the blockchain with daily aspects of life. Before this vision came to fruition, it was realized that the blockchain has some issues. One of the major issues is fungibility. This refers to the ability to exchange one unit of currency for another one. A good example is to exchange one US Dollar for another Dollar. However, the Bitcoin, ETH, and other are not fungible.

This lack of fungibility is caused by the transparency of the blockchain. The transaction history of a coin can be traced. As a result, if Bitcoin is used in money laundering, it becomes less valuable than Bitcoin stored by the original owner.

The solution is to create a privacy coin. However, because of the slower transaction speeds, the settlement of transactions can take quite long. In some cases, it can take hours to complete a transaction. This is not good for fast payment processing needed in the world of commerce. The main hindrance to speed for privacy coins is proof of work (PoW).

It relies on hardware to make complex calculations and validate a transaction. This leads to a high cost of mining. The result is that the speed gradually falls as blocks grow. Thus, a solution that offers fungibility without compromising speed is required.

Another issue is the limited adoption of the blockchain by both offline and online merchants. The liquidity and ease of use need to be addressed if the blockchain is to be adopted by the masses. Most crypto requires merchants to buy costly equipment and open wallets to receive payments. This is too complex for ordinary businessmen.

Market Vision

The crypto market is worth billions of dollars. At the fore of this industry will be privacy coins, which offer the benefits of crypto. However, they will maintain fungibility of crypto. As the number of cyber-attacks grows, more people will turn to the blockchain for security. The future of the crypto market is bright if the issues highlighted are addressed.

To solve the issues, AIAScoin is a PIVX fork. It will rely on PoS and the consensus mechanism. To achieve its goals, it will utilize masternodes for privacy purposes. This will ensure that the AIAScoin platform can execute transactions globally in an instant.

About the Coin Algorithm: XEVAN Mining: Proof-of-Stake Block Time: 180 Seconds Transactions: 127tx/s Total Tokens: 25,000,000 AIAS Pre-Mine: 2,500,000 AIAS MN Collateral: 1000 AIAS Date: TBA

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0.0100291 (+7.61%)
Объем 24H $25.057k
Изменеия 24h: 5.20 %, 7d: 30.40 %
Cегодня L: $0.0090557 - H: $0.0100291
Капитализация $732.823k Rank 1812
Цена в час новости $ 1.083 (-99.07%)

blockchain right forever crypto said could experts

Источник: bitcoinexchangeguide.com

blockchain right → Результатов: 120


100% of Profits from the EarthCycle (ECE) Coin Launch Invested into Profitable Businesses

Today many companies understand that their long-term investment goals can be achieved only within stable, healthy and free social and financial environments. Earth Nation’s businesses have been in profitable operation for two to twenty five years, and incorporating the blockchain to their system is seen as a leap in the right direction. Earth Nation takes […]

2018-7-26 05:26


Cardano (ADA) $1 Trillion in Market cap Soon – Charles Hoskinson

One of the most sought-after cryptocurrency right now is Cardano (ADA), the popularity of the coin is growing higher by the day, as its user base seems to be increasing, with each passing day. The Cardano (ADA) still maintains its charm and ability to attract hodlers, due to its highly secure blockchain and ease of […] The post Cardano (ADA) $1 Trillion in Market cap Soon – Charles Hoskinson appeared first on ZyCrypto.

2018-7-25 23:07


Blockchain and Its Video Rendering Industry Takeover. Feat. Leonardo Render

Out of the multitude of various industries blockchain technology has the potential to significantly impact, the world of graphical rendering is right at the forefront. If you’ve ever taken a video editing course or gone into video production, you’ve felt… The post Blockchain and Its Video Rendering Industry Takeover. Feat. Leonardo Render appeared first on CoinCentral.

2018-7-24 15:55


Blockchain and It’s Video Rendering Industry Takeover. Feat. Leonardo Render

Out of the multitude of various industries blockchain technology has the potential to significantly impact, the world of graphical rendering is right at the forefront. If you’ve ever taken a video editing course or gone into video production, you’ve felt… The post Blockchain and It’s Video Rendering Industry Takeover. Feat. Leonardo Render appeared first on CoinCentral.

2018-7-24 15:55


STARKs, Part I: Proofs with Polynomials

Special thanks to Eli Ben-Sasson for ongoing help, explanations and review, coming up with some of the examples used in this post, and most crucially of all inventing a lot of this stuff; thanks to Hsiao-wei Wang for reviewing Hopefully many people by now have heard of ZK-SNARKs, the general-purpose succinct zero knowledge proof technology that can be used for all sorts of usecases ranging from verifiable computation to privacy-preserving cryptocurrency.

2018-7-21 23:03


Фото:

Can SpaceBit’s Blockchain Decentralize Space Exploration?

Until recently, it was only nations that had the resources for space exploration. In 1973 private space missions were simply unthinkable. Who would bankroll the $25.4bn it cost the United States to launch the Apollo missions? The richest American at the time was thought to be Howard Hughes (certainly a man with the right ethos), […] The post Can SpaceBit’s Blockchain Decentralize Space Exploration? appeared first on Crypto Briefing.

2018-7-19 18:06


Фото:

Ethereum’s Vitalik Buterin Talks About Big Challenges Ahead For Cryptocurrencies

Ethereum’s Vitalik Buterin has said that blockchain technology and digital currency have at least a few more bigger challenges left until they can finally reach a mainstream appeal. Buterin sat down the economist Tyler Cowen in a new interview whist explaining that scalability and making it easier for the users are imperative for the success of new technology.

2018-7-19 16:30


дальше еще 71 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

It Isn’t Layer 1 or Layer 2, It’s Time for LayerZero

While layer 1 solutions like Solana (SOL), Avalanche (AVAX), Binance Smart Chain (BSC), Polkadot (DOT), and Cardano (ADA) are trying to compete with Ethereum, layer 2 solutions like Arbitrum and Optimism are here to solve the issue of high fees and congestion on Ethereum network and have been gaining traction.

Jump Trading Group formally introduces Jump Crypto

Jump Trading Group, a data and research-driven trading business in operation for more than twenty years, today announced the formal launch of Jump Crypto, a dedicated unit focused on the development of blockchain ecosystems and cryptocurrency.