The creation of Bitcoin and its blockchain has given rise to the industry of
cryptocurrencies. It emerged as the first digital currency and is now becoming a
popular medium for payments on the web. Since its inception in 2008, Bitcoin has
seen a sharp growth in users and mainstream adoption by businesses around the
globe.
In 2015, Vitalik Buterin released Ethereum, a whole new Blockchain system which
supported Decentralized Applications (Dapps), thus paving the way for a more
flexible system. The concept of Dapps made it possible to create applications that
run on a decentralized platform; in this case, the Ethereum blockchain.
The creation of Dapps made it possible to provide solutions to specific problems
using the existing features of blockchain technology, which include permanent, rapid,
and more secured transactions, etc. The idea of the Ethereum blockchain was to
make everything decentralized, just as Bitcoin’s blockchain did for money.
KoveredPay is a decentralized token based on the Ethereum blockchain. Theirr aim is
to enable safe, reversible transactions on the blockchain. The transactions made
using KoveredPay can be reversed and/or put on hold, making KoveredPay a must-
have cryptocurrency for both merchants and buyers to ensure the safety of their
funds.
The KVP token, developed on the ERC20 pattern, has been crafted for easy transfers
between users and businesses on the blockchain. Following the standard ERC20
pattern, the tokens can be easily used and integrated on the majority of Ethereum
wallets and exchanges.