INTRODUCTION
Clients and other users of the ledger tech have face the worse of the payment structure and that is due to the lingering of the old system of payment which is already obsolete. Now it is no longer accepted as the wrongs it has done has already exceeded the rights. Seeing that the general finance industry of cryptocurency has deteriorated, the affected users clamouring for a better structure that is more inclusive than the initial one. That is the main reason for the creation of Etha whose totality is to focus on the cryptocurency finance and solve the issues with the connection of Fiats to crypto or vice versa.
WHAT IS ETHA?
This project is designed to serve user with the best financiaI solutions to the monetary activities that involved the use of the real life currencies in conjunction with cryptocurrencies. As an effective payment structure, adequate remittance of funds will be possible for the users as proper decentralized payment infrastructures will be provided in the ecosystem. This is an innovation that controls the effective transfer of funds in a much more secured atmosphere. Etha is seen as a standard hybrid project with the solution to finance because it is the product of the features of both the distributed system and the centralised network. This is so much of an advantage for users in the market because Etha takes its uniqueness form this attribute. With the strong bond it forms with potential allies, it will be able to scale a little more higher in its operations because the will be there to give some support to it.
HOW ETHA PLANS TO SOLVE THE CURRENT PROBLEMS.
The ecosystem meets the requirements of the Industry and the cryptocurency market and that makes it able to serve users the right way with no fluffs. Seeing that the threats to security is becoming so rampant in the cryptocommunity, the first thing that would be installed into the system is the solution to security which will enable users to trade or do any other banking transactlons fearlessly while using Etha. It superimposed ita exchange with others and is able to achieve better Exchange activities, even at that, it is able to execute all the others in its system sooner that what users might have a experienced before.
The remittance of the entire industry will be distrupted as this platform brings users together with other business entities to initiate financial activities and then stand as the coordinator of the entire process. This program will however be sponsored through the use of special techs that are able to function well in this aspect. With the use of smartcontracts, more would be achieved simply because these facilities are only available for use by this digital finance system and not to any other traditional setup. The contracts helps to control and ensure the proper conduction of the operations carried out by the users. It also brings the miners in the ecosystem to an agreement which makes their function in the platform intact and going well. As a matter of fact, the contracts helps Etha to scale above its limitations, giving it a smooth ride along its operations.
THE RELATIONSHIP BETWEEN THE MIDDLEWARES AND THE SMARTCONTRACTS IN ETHA.
The fact that smartcontracts are deployed in Etha doesn't mean they are being aided by other components. Etha uses smartcontracts but it has some certain blockbuster middlewares programs whose duty is to aid the working or activeness of the deployed smartcontracts. It gives smartcontracts the easy access needed to all forms of data feeds in the Etha off chain network and ensure that the available API's are being used for the completion of any banking options that is given to the contracts to execute. This is how they are able to serve Etha and that goes a long way in the solutions Etha brings.
With no platform that has ever been able to conduct the transfer from cryptocurency to real life money, Etha's remittance solution has been designed to enable that and on the other hand, it is having a financing feature that makes it possible for the user to acquire loans and make use of cryptocoins as the collateral simply in the system. This feature makes it so easy to get loans without conducting any form of liquidity to the market nor the project. More so, as this is enabled, for both the borrowers and lenders to have a mutual understanding and transparency, Etha deploys smart contracts which assists and guide them both under the terms agreed upon until both parties are cleared.
CONCLUSION
The pure decentraliized system of operations takes this project high enough to be the perfect solution for finance in the ledger tech and even makes its solutions more acceptable and long lasting. Etha will succeed in establishing a smooth banking operations and services through the use of cryptocurencies and the fiat money.
USEFUL LINKS
Website: https://etharemit.org/
White paper: https://docs.google.com/gview?url=http://www.etharemit.org/V.1.1%20WP.pdf&embedded=true
Telegram: https://t.me/etharemit
Facebook: https://www.facebook.com/etharemit
Twitter: https://twitter.com/etharemit
Reddit: https://www.reddit.com/r/ETHA
LinkedIn: https://www.linkedin.com/company/etharemit//
ANN: https://bitcointalk.org/index.php?topic=5093699
WRITERS DETAILS
Bitcointalk username: Chika08
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2107609