AIAScoin attempts to solve the problem facing settlement methods using virtual money. Cryptocurrency has proven its usefulness to the world and more people are coming to terms with the fact that they may be part of this digital age. Their usefulness can still get better however, according to AIAScoin as they have noted, as have others, that there are inherent problems that can be solved by the change in the core technology used in the protocols in which virtual money is built on. This is on the technical front, on the other side of the coin are the regulations that inhibit the growth of virtual cash. Creating a trusted platform that checks all the boxes on financial regulations by various bodies is one of the objectives of AIAScoin. There is a lot to be gained from a trusted crypto financial service platform.
Meeting real world demands
The practically of virtual money has been elusive for quite sometime now. Finding a lasting solution requires uniting aspects of the traditional fiat financial structure to the new crypto structure. AIAScoin has found a solution that will satisfy both worlds making the use of currencies such as Bitcoin and Ethereum as easy as the traditional fiat system is.
AIAScoin, in their roadmap, plan on acquiring two banks in two different regions that have crypto-friendly laws. From these two banks, they plan on building their financial service that can be used worldwide. Owning banks would enable them to understand the requirements placed by regulatory bodies hence meeting them as required. Thus, AIAScoin would have a recognized institution that can operate worldwide through its platform.
A traditional banking system alone would not solve the crypto problems that exist in the virtual money space. There has to be a harmonization with the crypto financial service providers as well. For this reason, AIAScoin also plans to partner with various wallet providers in the virtual money space. By integrating these two financial entities, AIAScoin will now be at a favorable position for providing crypto services that can be used in the real world.
AIAScoin also targets to have a platform that can provide the fungibility that is lacking currently in the cryptocurrency market. This it can accomplish through providing exchange services as it will have ties to wallet service providers who have access to digital money and also a traditional banking service that can readily provide fiat when required.
Meeting technical demands
AIAScoin is a PIVX fork. It runs on the PoS mechanism which is appropriate for the financial services AIAScoin intends to offer. Instant transfers are rare in the virtual money space. Most platforms take between days and weeks to actualize a transaction request. This is obviously disastrous especially to new users of cryptocurrency services. The PoW mechanism is part of the challenge as its limitations end up reducing the rate at which transfers can be processed. AIAScoin’s use of PoS 3.0 will improve these rates making transfer actualization almost instant.
Privacy of transactions will be guaranteed in AIAScoin through the use of masternodes. The criteria for becoming a masternode is set up such that only reliable parties can offer this service. Masternodes will be responsible for carrying out instant transfers and private ones as well as organizing systems of voting within the AIAScoin platform.
Rewards
AIAScoin will feature a reward system for masternodes for the services they provide. The AIAS coin will be used as the currency for reward. This is to encourage masternodes to keep on facilitating transactions within the platform.
AIAScoin comes as the best solution to the virtual money issues preventing the prosperity of the crypto space. Further information on the platform and its revolutionary steps can be accessed via https://www.dropbox.com/s/0a8vkj4p1ibu7oj/AIAScoin-whitepaper-V01_01_final.pdf?dl=0
Website : https://www.aiascoin.com/
Twitter: https://twitter.com/AIAScoin_team
Telegram: https://t.me/aiascoin
Website: https://www.aiascoin.com/
Author Jentemi
https://bitcointalk.org/index.php?action=profile;u=2181489
Disclaimer: This blog is Part of the ARTICLE GROUP