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Be the user of cryptocurrency today is comfortable. It is because there are so many platforms, network, and marketplace to choose. All of them has a lot of different characteristics. The user can choose the appropriate one. However, do not happy to see the development of cryptocurrency era. That was because it left many problems. The user can avoid the problem by reading the review of every project. In this paper will give a review about TOKOIN with all advantage and many details.
WHY THE USER HAVE TO CHOOSE TOKOIN? That question will answer in this paper explanation.
TOKOIN use blockchain technology. It has a function of sharing private data in the network. The data will appear for the user to access and query. It should be encrypted and immutable. Like the explanation before that many platforms based on blockchain technology. Most of them are created for a transaction like transfer and extraordinary data storage. In another platform, the data capacity is limit. Sometime there will be lack interface for a query. The solution for that problem is adopting IPFS or hash with data stored in an isolated database.
TOKOIN is different from another project because the problem above is not happening. TOKOIN offers big quantity data to become cryptographically save with high security. There is the adoption of blockchain technology in a novel way. Besides that, TOKOIN uses DynamoDB for the store credit data in the data store. It will allow the user to get flexible JSON data model. This is a kind of database implementation to accept the query big data set.
The user in TOKOIN has guaranteed that TOKOIN record is non-fungible. It makes sure the data are sign cryptographically to input in the database. TOKOIN is operating in a place where there is no centralized control. This is a consensus mechanism to coordinate the data between nodes. There is Tendermint to validator on every node.
There are some features of TOKOIN like invoice based financing, the lending marketplace, product for survey or voting, debt crowdfunding, and the last is loyalty program. TOKOIN is a matchmaker for MSME. It needs fund and bank to the lending solution. The MSME company will give a reward to others in the TOKOIN system. It is in the form of a digital asset. Toko point is a digital asset in TOKOIN. It can be used to redeem user discount voucher the merchant in the system of TOKOIN. The user in the TOKOIN will get an incentive from Toko point. The incentive is getting from inflation, reserve pool, and platform fee.
The other important reason why the user has to choose TOKOIN it is because TOKOIN helps MSME. It is available in the features of TOKOIN. Invoice based financing help MSME in the late payment of customer and business. It can be used to unpaid the invoice to earn fund. In this method, there are three parties like bank/creditor, invoice issuer, and invoice buyer. The use of blockchain can make sure that the authenticity of every participant is to avoid filling more than one.
Thank You for Reading My Article About Tokoin
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Author Information
Name: Ridwan.P
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=795655