The storm caused by cryptocurrency since inception has always moved on an upward slope. The financial digital sphere has been completely revolutionized. Blockchain has changed the way many companies and organizations operate, has encouraged new startups, and many new concepts keeps arising from others. However, there have been some critical setbacks especially with the major cryptocurrencies earlier this year which has killed their efficiency as a payment system. Various networks has been developed, but none has proved worthy of security or having the necessary efficiency to transfer value. Low speed of transaction has been a major problem of cryptocurrency and Blockchain technology has not been able to live up to expectation in that regard. Mass adoption of cryptocurrency is no longer where it used to be, as more people and countries keep buying into the blockchain vision, thereby increasing the number of transactions on queue to be validated. So this challenge is attributed to scalability which has unfortunately caused many traders losses due to delay in transaction. Even as the efficiency in validating transaction is largely frowned at, the cost of transaction is annoyingly on the high side, with a transanction fee averaging 2250 Satoshi or $0.15. the technicality of smart contracts has also influenced the fees of the Ethereum network. This year, the transaction fees has gone from $0.17 up to $4.15, whose margin is far from that of traditional payment systems. The current blockchain payment system has utterly lost the trust of crypto traders, and so far there is no solution (decentralized enough) to curb this bottleneck challenges plaguing the blockchain space. Well these issues is what triggered the development of the Cashbery Coin; to be that much anticipated solution that will restore and increase efficiency in the crypto world.
Cashbery Coin is an internal transactional instrument of the new generation. The Cashbery Ecosystem is a community that avails and gives access to fully decentralized currency to end customers, with unique loyalty programs for business men/women. With high transaction speed and low fee, Cashbery is more like an answered prayer to the inefficiencies that the crypto world as suffered. Cashbery cryptocurrency is a unique transferring instrument for the Cashbery community. The cashbery coin is not just transparent, but very safe and easy to use; all embedded data is synchronized with the entire network, closing every loophole of fraud and unauthorized transactions, and also eliminating double charges and chargeback etc.
I will like to give you a hint on Proof of work and Proof of stakes; they have a massive significance to this project.
PROOF OF WORK
Proof-of-Work (PoW) is a protocol designed chiefly to fight cyber crimes, like DDoS for example. It gave participants varieties of choice of transaction and it brought a lot of stability to the system. Although PoW was very efficient especially in the initial stages of blockchain, it has several limitations that have given traditional payment systems an upper hand in transferring of values. One of its disadvantages is Mining, whereby an exorbitant amount of electricity is consumed, leading to more pressure on digital currency rates and also centralization, where third parties validation is unavoidable.
PROOF OF STAKES
Proof-of-Stakes is a peer-to-peer networks algorithm that uses a different approach to achieve the same goal as PoW; it’s just an alternative way of transaction validation, where the amount of coins in the account (Stake) determines the new block miner. Unlike the case of PoW, miners can have a network void of cryptocurrency to verify transactions.
These protocols have their own (unique) potentials, and limitations. So what Cashbery did is to integrate the functionalities of PoW and PoS into the Cashbery Ecosystem to harness their efficiencies and reduce their limitations. Do you think that is intelligent? Well I don’t think so, I know so! Let’s find out how they went about that.
HOW DOES CASHBERY ACHIEVE THIS? [ALGORITHM OF CONSENSUS]
To eliminate several problems in the market, Cashbery combines two algorithms of consensus, the PoW and PoS to create a transaction tool of the new generation. What the PoS is designed to do in this ecosystem is to provide scalability and reliability in subsequent phases of development, where participants are not coerced into using monstrous amount of resources for validation of transactions. Whereas, PoS will cater for initial coins distribution and managing the network security. After block 500,000, it becomes impossible to mine with the PoW algorithm, and then the network now uses the PoS algorithm of consensus. To generate Stake blocks , what you have to do is have some Cashbery coins in your wallet for validation of transaction.
Calculating Stake weight goes thus:
Stake Weight = Stake Volume * CoinAge
nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8)
CoinAge = bnCentSecond * CENT / COIN / (24 * 60 * 60)
ADVANTAGES OF CASHBERY COIN
• Security: Cashbery employs established cryptography methods for securing access keys to the account and the Cashbery wallet application is safely protected by a password.
• Decentralization: Thanks to the combination of PoS and PoW, Cashbery is fully decentralized, selling coins in a regulated and transparent manner
• High transaction speed: Even in critical-load network conditions, Cashbery stands out in providing fast transactions, with up to 1440 new blocks generation per day.
APPLICATION AREAS OF THE CASHBERY COIN
For Customers:
No transaction limits
The Cashbery Coin wallet cannot be frozen
Cashbery coin is fit for use in any transaction type
Easy to use for international transactions
Best for saving and accumulating values
For Business:
Strong reliability
Low charge for the circulation
Easy scalability
Companies can operate the coin for accounting
Basis for the small enterprise development
THE CASHBERY (DESKTOP) WALLET
The Cashbery Coin Desktop Wallet for PC is designed for all major operating systems and allows you to easily and conveniently store and transfer CBC. Our wallet meets the highest security standards in the industry, and takes up little disk space. Follow this link https://cashberycoin.com/#wallet to get the wallet. Meanwhile, the Mobile version will soon be launched.
ICO DETAILS
Token Symbol: CBC
Total amount created: 90 000 000 CBC
Total amount available for sale: 4,500,000 CBC
ICO limit for the open sale: 5%
Coin price at the ICO stage 2 (USD): $1,0
Coin price at the ICO stage 2: $1,2
Coin price at the ICO stage 3: $1,4
Coins rate forecast at entering the free circulation stage: $1,6
TOKEN DISTRIBUTION
Legal support: 10%
Partner programs: 10%
Bonuses, bounty: 5%
Development team: 20%
PR & Promotion: 15%
Growth of the Ecosystem and Cashbery: 40%
ROADMAP
MARCH 01 2018 – MAY 30 2018
Preparation of Token Sale
JUNE 01 2018 – JUNE 30 2018
Token Sale (3 stages of 10 days each)
JULY 01 2018 and so on
Opening of the Cashbery Foundation offices in different countries for popularization of Cashbery Coin and increasing the support.
Adding CBC at regional exchanges
Further development of the Cashbery Blockchain in accordance with tendencies of the cryptocurrency market and blockchain technology.
THE TEAM
ANDREW – CEO
VASILIY – CTO
LADA – CFO
ALEKSANDR – HEAD OF STRATEGIC DEVELOPMENT
IVAN – HEAD OF MARKETING
MARGARETT – HEAD OF PR
YAROSLAV – ECOSYSTEM DEVELOPER
ALEXY – OPERATING DIRECTOR
ADVISORS
ROMAN DUMLER
ALEXANDR BELOUSOV
CONCLUSION
I need not convince you any further that Cashbery Coin is indeed the transaction tool of this new generation. Already in exchanger, this ICO is the best in recent times, and the coin has great value. I adjoin you in all dilligency to participate in the Cashbery ICO token sale; this is the kind of ICO that gives you tangible financial liberty. You can follow this link https://www.cashbery.com/en/ to get the Cashbery Coins. For more information, please do well to follow the links provided below.
REFERENCE LINKS
Website: https://cashberycoin.com/
Whitepaper: https://cashberycoin.com/wp-content/uploads/2018/06/CBC_WhitePaper_EN_V02.pdf
Facebook: https://fb.me/cashberycoin.en
Twitter: https://twitter.com/cashberycoin
Medium: https://medium.com/@cashberycoin
Telegram: https://t.me/cashberycoin_en
Bitcointalk: https://bitcointalk.org/index.php?topic=4180744
Authored by: Davison
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2075838
Wallet: 0xcd3AA411AAF6Ab5017394e00Ad49eCF6B39Ee84B