INTRODUCTION : ABOUT STREAMITY
There are many things that the blockchain system has empowered since its inception and world wide recognition. From p2p transfer of internet services to an enhanced and smooth transactions between buyers and sellers from different parts of the world. There are many currencies associated with the blockchain system, the most popular being bitcoin.
There are still a couple of problems associated with the cryptocurrency world, and STREAMITY is here to tackle one of the most glaring ones.
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Let's take into consideration this scenario, this is a case where me, Kolapo wants to buy bitcoin from Jude. A most common discrepancy is that i want Jude to send the bitcoin first, but Jude on the other hand, having trust issues, also wants Kolapo to send the money first.
What does Kolapo and Jude do in this situation?
STREAMITY brings forth the answer with what it calls STREAMDESK. STREAMDESK is used by creating a smart contract, one where both users are assured of getting what is due to them. Users enter into a smart contract which is triggered upon receiving the money from Kolapo and the bitcoin from Jude, swapping the commodities and leaving each user happy and satisfied. I believe this should definitely pass across what STREAMITY's STREAMDESK is all about.
HOW STREAMITY GETS THE EDGE ON OTHER EXCHANGE SERVICES IN THE INDUSTRY.
There have been many exchange platforms since the advent of cryptocurrencies, but most require transfer from one party first before the other party pays. This is extremely risky and many cases have been reported of scams over the years. With STREAMITY, this is not going to happen because of their smart contract usage which ensures security for all parties involved.
There have been many p2p exchange service that I've come across since I've known about cryptocurrencies, but none have caught my attention like STREAMITY did. The reason for saying this is that their program is pretty easy to understand, giving amateur cryptocurrency users the insight, and a fast and easy understanding of what STREAMITY involves. STREAMITY also involves a system that is easy to use, apart from easy to understand. A smart contract that exchanges cryptocurrencies for cash easily, provides an atmosphere of security for both users is a really good work.
The issue of security and trust when exchanging cryptocurrency for cash is something that STREAMITY addresses and provides solution to. This for me is basic and required when transacting, because users need to know they'll be getting what they are supposed to at the end of the day. Other p2p exchange services may also claim this, but STREAMITY is still the way to go.
HOW DOES THE SMART CONTRACT SYSTEM UTILIZED BY STREAMITY ASSURE SAFETY FOR BOTH BUYER AND SELLER?
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I'm going to be answering this question using the scenario illustrated above : (about Kolapo And Jude). Both Kolapo and Jude are trying to exchange bitcoin for cash from one another, with Kolapo trying to buy bitcoin from the latter. Now there is an issue of trust. The reason why STREAMITY is the way to go is because with their smart contracts, exchanges are only triggered when items are received from both users, exchanging the items immediately and both users get what they are supposed to. The SmartContract is safe because the exchange is only made when commodities are received from both users and transactions completed when users receive the exchanges, thus assuring maximum security.
NOW, LETS TAKE A GANDER AT HOW STREAMITY WILL INFLUENCE THE ADOPTION OF CRYPTOCURRENCIES BY PEOPLE.
Upon hearing the news about STREAMITY, I've told myself that I'll definitely be getting more into cryptocurrency than i was before, because now, i know I'm in safe hands with STREAMITY. There have been many times where personally I've gone to meet a lot of people here in Africa, and introduced them to the world of blockchain and cryptocurrencies, but they've been in one way or another skeptical about it, the number one issue being that of security, and without a reasonable solution to give to them, they're often left discouraged and I'm left wondering where the solution might be.
The solution is here now, with STREAMITY, I'm able to introduce people to cryptocurrencies with full confidence, answer any questions they may ask about security when transacting or exchanging their coins with gusto, and hopefully this will positively affect people's views about cryptocurrencies and also about their involvement in it.
HOW DOES GIVING PEOPLE THE ABILITY TO USE FIAT LOWER THE BARRIER TO ENTRY?
Firstly, let's Know what FIAT is, for the benefit of those just getting hearing about it.
FIAT:Fiat cash is money that a legislature has proclaimed to be legitimate tender, yet it isn't upheld by a physical commodity. The estimation of fiat cash is gotten from the connection amongst free market activity instead of the estimation of the material from which the cash is made.
Now With that at the back of your mind, since the value of FIAT is derived from the connection between demand and supply, with STREAMITY, users are assured of supply on demand, thereby lowering the barrier to entry.
STREAMITY ROADMAP
A VISION TO BEHOLD!
For more information about STREAMITY, check out the following;
Streamity Website
Streamity OnePager
Streamity WhitePaper
Streamity YouTube
Streamity Facebook
Streamity Medium
Streamity Twitter
Streamity Telegram
Streamity BitcoinTalk
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