AIAS, THE PLATFORM TO REVOLUTIONIZE THE CRYPTOCURRENCY AND PAYMENT ...

The cryptocurrency world is advancing at a very fast rate as different industries and businesses have seen the relevance of using the blockchain technology. The essence derived from using blockchain technology has brought about competition in cryptocurrency revolving around the processing of payment among parties trading on the blockchain. This competition has been so keen that, no payment processing industry of blockchain base wants to utilize any seemingly competent peer-to-peer blockchain and automated payment processing systems but rather, a system which does not prove itself worthy on paper but works more efficiently when introduced for it to be utilized in the field of cryptocurrency.
The cryptocurrency world has advanced to a point that the issue of poor fungibility stemming out from transparent transaction should have been solved by now. This issue is by far one of the several issues facing the cryptocurrency currently and measures have been put in place to tackle it by some crypto enthusiast using privacy coin ledgers, however, this initiative from the crypto enthusiast is not conducive enough for payment processing that needs to be convenient, fast, and secure. This is why AIAS is here to make cryptocurrency payment processing industry much better efficient using blockchain technology.

CHALLENGES FACING THE CRYPTOCURRENCY AND THE PAYMENT PROCESSING INDUSTRY

First of all, the current cryptocurrencies are lagging behind in terms of fungibility. By saying cryptocurrencies are lagging behind in terms of fungibility, what I am trying to mean is that whenever any transaction is carried out among parties on the blockchain, such transaction can easily be viewed by another party on the blockchain. One key feature of fungibility is privacy and anonymity. Whenever these features are breached, the value of any cryptocurrency can easily decline and this goes a long way to affect the profit one is supposed to make for rendering services via blockchain technology. This is so because someone might have set a price for his or her services on the blockchain and another party who is interested might bargain for which the person rendering the services might agree and accept the price that is set to be paid. This payment processing via blockchain can easily be viewed by another party who might be willing to patronize the same services. Quickly the new person upon seeing the previous transaction details would ignore the original price of the services and start bargaining at a price lower than the default price of the service. This will cut down the profit margin of people transacting on the blockchain.
Secondly, the solution provided to tackle the above issue above is not conducive enough for the payment processing that needs to be convenient, fast and secured. This is because the current system put in place to tackle the issue of poor tangibility seems to decrease in terms of speed as transaction blocks become larger and more detailed. This is a huge toil among parties as it requires the use of a whole lot of time and resources to obtain a successful transaction

THE PROPOSED SOLUTION BY AIAScoin

AIAScoin would establish a system that will allow for fast transaction speeds whilst providing security, fungibility, and transparency on the blockchain. AIAScoin will again rely the Proof of Work (POW) consensus by incorporating the masternodes to ensure privacy and security of all transactions that will be carried out on the blockchain. The masternode might be quite expensive but one cannot deny the numerous benefits it will offer to its users. The masternode can be connected to a network that is performing several tasks and it will still function marvelously whilst working in conjunction with the network. The masternode makes AIAScoin so extraordinary that, it grants AIAScoin the opportunity to execute transactions instantly all over the world. Contained in the whitepaper is how the incorporated masternode is going to work and integrated, kindly refer to it for further detailed reading which could not be captured in this written content.

TOKEN

AIAScoin has brought about a token economy (AIAS) which will be used in the AIAScoin ecosystem. This token can be used for payment unit for all transactions in the AIAS ecosystem and as a basis for interacting with other digital systems.