Blockchain industry have made great progress since 2009. Bitcoin and Ethereum have brought about innovative ideas and concepts such as smart contracts and decentralized currency into the world of blockchain technology, however, performance inefficiency, poor scalability, low transaction performance and high consumption of power have limited the massive adoption of blockchain technology by various sectors. Most of these challenges are as a result of the consensus algorithm used by bitcoin blockchain 1.0 which is known as Proof of Work (POW). With POW, blocks cannot be created simultaneously and only one block can be created in ten minutes hence slow transaction speed. To solve problems relating to inefficiency experienced with blockchain 1.0 (bitcoin) and blockchain 2.0 (Ethereum), CRYPTASSIST which utilizes the Direct Acrylic Graph (DAG) algorithm was birthed.
Cryptassist is a blockchain based platform which leverages on DAG algorithm to solve challenges relating to existing blockchain inefficiency and slow transaction speed. DAG is known to solve problems of data compression, data processing in blockchain. While bitcoin generates a new block once in ten minutes with 7-8 transaction per seconds (TPS), Cryptassist with the help of DAG algorithm will generate a new block in 15 seconds with 4000-10000 TPS!
OTHER FEATURES OF CRYPTASSIST
• CRYPTASSIST DEBIT CARD: Cryptassist offers a debit card with which users will convert their cryptocurrencies (Top 50) into CTA tokens, which can easily be converted to fiat currencies. The debit card will be utilized in day-day purchase of items online and offline same way a premium debit card functions and it can be used on ATM machine worldwide.
• CRYPTASSIST EXCHANGE: The Cryptassist platform will possess its own exchange for users to trade their cryptocurrencies. The exchange accepts both fiat and cryptocurrency deposits and withdrawals and it promises to be user-friendly with a simplified interface to make trading convenient for both new and old users. The exchange is a full blown cryptocurrency exchange and not only CTA tokens will be traded there, however, when trading fees are paid with CTA, trader gets a 50% discount on such trade. Users of cryptassist exchange will have a right to vote new coins to be added to the exchange
• CRYPTASSIST CRYPTOGO: This is a feature of Cryptassist which will enable users to have access to airdropped coins. Cryptogo will manage ICOs and airdrops for new blockchain projects at specific locations and venues. Cryptassist users will be able to download the Cryptogo apps on their smartphones and will be afforded the opportunity of locating airdropped coins in form of real valued cryptocurrencies right from their mobile apps.
• CRYPTASSIST MULTICOIN BLOCK EXPLORER: Cryptassist offers its user the multicoin block explorer feature in which they would be able to search for and view transaction histories of coins or tokens of interest just by entering the public address and transaction hash of such coin into the explorer. This helps to save time and effort that would have been spent searching for histories of multiple cryptocurrencies
TOKENS
Tokens to be used on Cryptassist platform are known as Cryptassist tokens (CTA). They are built on the DAG algorithm and were created to be a finite resource i.e limited supply. CTA will be used in payment of goods and services on the cryptassist platform. Such tokens used for the purpose of payment for services will be burned thus ensuring that there is a limited supply of CTA tokens in circulation. This is known as deflationary effect or deflation model.
TOKEN SALE INFORMATION
Token ticker: CTA
Maximum supply: 88,000,000 CTA
Price: $0.38
For more information about Cryptassist, kindly visit:
Website: http://cryptassist.io/
Whitepaper: https://www.cryptassist.io/assets/downloads/whitepaper.pdf
Telegram: https://t.me/cryptassistcoin
Facebook: https://www.facebook.com/CryptAssistCoin/
Twitter: https://twitter.com/cryptassistcoin
Writer: Crypto4ruby
Writer Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350