The use of cryptocurrencies in our daily transactions is on the rise due to the mass adoption of the blockchain technology by industries and businesses. Despite the numerous benefits the blockchain offers, there are still some challenges that cryptocurrencies users experience. The key ones among them are fungibility, transaction speed, anonymity and the ease of its usage.
Am happy to introduce to you a very wonderful project known as AIAScoin brought to you by the AIAS team which is here to operate upon an expedition, private and a more secure blockchain. Their peer-to-peer platform is automated and user friendly since it can be implemented into any websites that require it.
The masternodes contained in their blockchain will give it a high-speed performance and also ensure privacy in its transactions. They are going to provide an open source API and a decentralized marketplace in order to keep the identity of their customers anonymous as well as providing instant transactions through the swiftX technology. When a transaction is sent as a SwiftX, that particular transaction will be sent to masternodes to process, confirm and guarantee them instantaneously. There is no need to wait for conditions from multiple parties before one can be assured of the validity of the transaction.
It can be argued that the privacy our traditional cryptocurrencies provide is not truly anonymous. This is because aside the fact the wallet addresses are not connected to any personal details, a sender sometimes has to provide other details of his or her wallet (such as wallet balance) as a proof of payment and that alone can make it possible for the identity of the user to be known. Despite the fact that their codebase is going to remain open source, they will ensure that the privacy of the coin holders will still be maintained. This is the more reason why they are going to introduce the zerocoin since zerocoin adds true cryptographic anonymity to cryptocurrency transactions.
With Zerocin, there is total privacy and transactions made can never be traced. Coins are redeemed using a zero-knowledge-proof. This technology can enable the user to prove the validity of a transactions without necessarily having to provide wallet details as proof, hence, providing a true anonymity in crypto transactions. AIAScoin is going to ensure fungibility in cryptocurrency transactions. The word fungibility generally means the ability of an asset to be interchanged with another asset of the same kind. An example of fungibility in crypto is exchanging Ethereum for another Ethereum. Through the masternode technology, AIAScoin will ensure that cryptocurrencies of the same type can be traded.
AIAScoin will be using a distributed consensus based on proof of stake instead of proof of work. This method will help to reduce the higher cost of electricity used in mining of coins which has been causing a constant downward pressure on the digital currency values. This proof of stake method will provide a cheaper distributed form of consensus. Payment processes on the platform are going to be very simple and user friendly. It’s set up will be quick and so simple that one does not need to be technologically inclined before he or she will be able to set up the AIAScoin payment system.
Setting up the API is no big deal; one does not need any background knowledge in programming. All that a user has to do is to register and add the plugin to his or her website and it will be linked to their account allowing them easy acceptance of payment and remittance with other business partners. Due to the proof of state method transaction fees are very low and cheap. AIAScoin wishes to provide a payment system which is not limited to only one platform. There can be cross-platform payment which will make it easy to use AIAScoins on different platforms.
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You can visit the following links to read more about this wonderful project
Website: https://www.aiascoin.com
Telegram: https://t.me/aiascoin
Twitter: https://twitter.com/AIAScoin_team
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