The development of blockchain technology has led to the improvement upon the functionality of the Bitcoin core. There have been various forks from Bitcoin but still the problems of Blockchain continue to persist. The Bitcoin innovation as orchestrated by Satoshi was to provide a very secure, anonymous and convenient form of transactions in the digital world. This dream has not yet been attained in the digital world, and that is because there are many problems affecting the blockchain ecosystem. Some of these problems are higher transaction fees, inconvenience of usage, and the inability to exchange the cryptos for equally valued assets thereby leading to low adaptability of Bitcoin, Crypto and Blockchain technology by the public. With this, even though every crypto enthusiast is striving for a mass adoption of cryptocurrencies and blockchain, people look at the problems and they lose their interest in joining. A very important use case of Bitcoin will be the acceptance by merchants, but we find the otherwise- they do not adopt its use and all the coins that have come to improve upon Bitcoin are not doing enough. This is why AIAS Coin introduces the easiest, fastest and most convenient payment system in blockchain technology.
LET US CONSIDER THE DISCUSSION BELOW
The factors that cause the higher transactions are mostly based on the consensus mechanisms used on the blockchain. The consensus mechanism is what makes the decentralization of blockchain realistic. For example, for a centralized world or system, only one host has the access and authority to control the system. An example is deleting the messages on one’s phone. The owner has the absolute right to delete all the messages, but that is not so in the decentralized world. The decentralized world needs different verifications before a command can be processed (the power does not lie in the hands of one host). Because of that, the different verifiers need a “consensus” (that is, something that all the different verifiers agree on) before they can then cumulatively process a transaction or “command.”
Bitcoin started with Proof of Work (PoW). In simple terms, before you can be added to the mining pool, you need to prove you can work. Due to that, miners constantly utilize powerful hardware, processors and electrical energy to perform transactions. This leads to the increasing transaction fees and low transaction speed as well as the high cost of being able to mine Bitcoins profitably. There was therefore the need to introduce another consensus mechanism to make this initiative better. This was where the Proof of Stake (PoS) Consensus was born. This allows miners to show the amount of a specific coin they have staked (hoarded or holding). This Consensus mechanism has better benefits than the PoW. There is lower electrical energy cost, high transaction speed, better coin prospects since it encourages many people to hold the coins and also ease of use.
THE AIAS COIN INIATIVE
The discussion above explains why AIAS Coin adopted the PoS consensus mechanism and masternode integration to provide a better platform. The AIAS Coin initiative seeks to provide an outstanding platform that facilities sending and receiving of transactions thereby serving as a Payment Processor. So with AIAS Coin, you can easily integrate the plugin of the Application Programming Interface (API) onto your merchandise website, and then a buyer will just click on this widget thereby making transactions as easy as ABC. This imitative will not require any party- whether vendor or buyer to have any programming knowledge to use. This shall provide one of the best, easiest and convenient payment options to all merchandise platforms.
Before we move on, get yourself some free AIAS Coins.
BENEFITS OF CHOOSING AIAS COIN
Based on the adoption of the Proof of Stake, Masternode integration and other additional cryptographic algorithms, AIAS Coin shall provide the following benefits:
Cross-Platform Payments- The AIAS Coin initiative shall help in the integration of multiple usage of the innovation om different devices- Linux, Windows, Android and iOS Phones.
Easy API setup- This is also to help merchants in convenient installation and use of the software by just installing the plugin on their website. This shall also lead to easy and instant payment system on the platform.
Low Transaction Fees- as discussed above, this is an additional benefit of the PoS consensus mechanism
The use of the blockchain technology comes along with additional benefit such as transparency, security, anonymity, decentralization amongst others.
One other major important benefit of the AIAS Coin innovation is its ability to be exchanged for equally valued assets (fungibility). This shall be achieved by maintaining the bitcoin core on the platform and that is why it is a fork from PIVX which comes from DASH and who also comes from BTC, all as a fork. The integration of masternode technology will also help in the traceability of transactions. Additionally, the fact that AIAS is a fork from PIVX will also help maintain the ZeroCoin Protocol. The ZeroCoin Protocol enables a highly anonymous spending or transaction of crypto assets.
THE VALUE OF AIAS COIN
The AIAS platform seeks to provide awesome benefits for merchants, buyers and all token holders in general. Some of the general benefits of blockchain technology and cryptocurrency applies. Additionally, holders will have the chance to be picked to provide a consensus to a transaction block or to host a masternode. This also gives additional benefits of earning from block rewards. The requirements for a token holder to host a master node has been described below.
To Host a Masternode
There shall be some requirements before users can run a masternode- Anyways, they are profitable because you get a block reward for hosting that masternode. A snapshot of the requirements can be found below ;
In conclusion, Blockchain technology is growing, and we are still in the infancy stage. The only best means to sustain this technology and great innovation is to make people see the value of being part. This is not by making people buy coins and then loose them just by investing, but it is about having a use case for the cryptocurrencies. This was the original idea of Satoshi. AIAS Coin has come to provide the platform that shall help make the use case of Blockchain realistic thereby making people see the value in it. To do this, people should be able to use cryptocurrencies to make transactions, and to exchange for goods and services, and all these should be done in a secure, transparent, anonymous and convenient way. That is what AIAS Coin seeks to achieve. Be part of this great initiative and let us make the world see the better sides of blockchain technology.
Join and find out more about AIAS Coin through any of the following portals:
Website: https://www.aiascoin.com/
Whitepaper: https://www.dropbox.com/s/0a8vkj4p1ibu7oj/AIAScoin-whitepaper-V01_01_final.pdf?dl=0
Telegram: https://t.me/aiascoin
Telegram Airdrop: https://t.me/AIASAirdropBot
Twitter: https://twitter.com/AIAScoin_team
Image Credits: AIAS Coin Whitepaper
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