Imagine sending or receiving crypto as seamlessly as shaking someone's hand? Or picture walking into an electronics shop, with no card and no wallet and walking out with all the items you needed to buy. Sidera was created to make this happen - by building and designing an entire solution that's fine-tuned for contactless POS.
See here's the thing, when blockchain was introduced to the world in 2008 nobody really knew what it was, and up to now most people still don't know what it is. In fact, an acquaintance of mine once looked me straight in my face and told me he thought blockchain was a new form of Wi-Fi. Laugh now but this shows there are so many in the world who don't have a clue why blockchain technology is so revolutionary. So, to get the thrill of it they need to be placed in a situation where they can use blockchain in their daily lives and there's nothing more 'daily life' than buying something.
Sidera wants to get the world to adapt to blockchain technology and cryptocurrency. This is one of the biggest reasons why it's looking to invest in covering shopping malls, convenient stores, retail shops, cafés, restaurants etc.
But how will this whole system work? You may be asking.
It's as simple as placing an offline digital wallet inside something most of us have with us every day. A watch. Sure, the concept is simple, but the company has invested a lot to make sure this revolutionary technology is possible.
The world is a big bad place, every minute there's someone lurking behind a computer at a masked location waiting to steal all the data you leave behind with your smartwatch. Smartwatches such as the Fitbit, the Skagen Wristwatch are great until they're not. See all the data you log in to your device can be automatically synced to an account or profile you hold inside your phone or tablet, and because all this data is stored at a central location by the parent company, it's very vulnerable to cyber-attacks.
Sidera is using a completely new way of dealing with this data, it's making it so that there is no middleman and that you oversee all your information. Sidera's Smartbit (A decentralized wearable device) for example - is very cool because it works like a bank on your wrist that can be accessed using your secure pin and can be used to facilitate wrist to wrist exchanges all from an offline environment. So basically, anyone can send or receive bitcoin or any other ERC20 token securely and at fast times. The platform can support up to 500,000 TPS, compared to bitcoins 7 TPS.
The Smartbit devices will work the way every other smartwatch company does. Users can access the date and time and receive important notifications such as missed calls, messages, weather, news stories, trade alerts and much more from their phone anywhere, anytime. Other than the basic, the watch will also have a bevy of other features unique just to the company. The one I’m personally most excited about is the continuum which is a secure and decentralized digital asset exchange that will allow users to trade directly amongst themselves on a peer to peer level completely bypassing the middleman and all through an automated process.
Other cool features integrated into the watch are its bitcoin wallet operations which allow anyone with a wallet to send tokens to anyone with a crypto-address. Basically, if the Smartbit detects a suitable crypto-address nearby it will alert its user through a notification and ask them to take a course of action, you can then decide whether to transfer some coins/tokens or not. Receiving the crypto is just as simple, users can generate a new crypto address, which will be conveniently integrated into a QR code, this QR code can be shared to friends or on social. Friends can send crypto thanks to this code.
To ensure the wallet is always secure, Sidera has introduced something called a Ghost Mode which allows a user to completely mask all the wallet and crypto functionalities so that every unsuspecting individual sees a normal smartwatch, the company says all these functions will be kept away in their own military-grade encrypted crypto-layer only accessible to the owner of the Smart but.
Conclusion
In this digital age, we all want everything happening faster. We want faster cars, faster phones, faster services, faster internet and faster transactions. Current NFC-enabled wearables have this fast portion nailed down but when it comes to security they fall short. Sidera is doing both things really well and all inside a neat beautiful package. Here's your chance to participate with the company.
Getting on the - Sidera action -
Ever since the founders of Sidera came up with the concept for the company back in 2016, the company has come a long way. The founding team has been established, a lot of research regarding the workings of both the hardware and software conducted and a prototype developed.
Tokenomics
Sidera has in supply 51,000,000 EQUOES and is looking to raise 15,000,000 USD to fund its activities. The company has also already conducted a pre-distribution campaign and will be launching its actual distribution campaign from 1st September 2018 to 30th September 2018 with the eQUOS price set at 1 eQUOS for 2 USD.
Roadmap
Please note that you need to invest at least 100 USD to get your foot in the game, which is chump change compared to what you get in return. Think of it like this - by investing you get to be a part of changing the world and because the company has promised to give away 1% of all the funds it has collected to charity, you will most likely be making the world a better place. Everyone likes a hero.
This post isn't conclusive, to get juicier information you can either:
Browse their main website here: https://Sidera.io
or
Read the company's 54-page whitepaper here: https://Sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
To get extra information, you can also follow and engage with Sidera on all their regularly updated social channels:
On Twitter - https://twitter.com/Siderabc
On Medium - https://medium.com/@Siderablockchain
On Facebook - https://www.facebook.com/Siderablockchain/
On Telegram - https://t.me/SideraOfficial
On Reddit - https://www.reddit.com/user/SideraBlockchain?st=JIRSDIAI&sh=dd548a81
Blog by: Isaac Kimutai
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