I’m talking about the blockchain technology. With its disruptive tendencies and decentralized approach to problems-solving, the blockchain technology offers its users what they might have thought impossible.
As a blockchain user, you are allowed to trade on digital assets such as cryptocurrency. You’ll agree with me that cryptocurrency cannot be traded over the internet and this was part of the reasons why the blockchain was developed.
Being a man-made concept, the blockchain technology is prone to experience problems that can either make or mar its existence. Part of the problems facing the platform is its inability to adapt to real-life situations. There is also scalability, low performance and there is no seeming hope for non-fungible asset holders.
It is for these reasons and some other underlying factors that a new platform was developed. The platform called Oxcert has special interest on non-fungible assets and will to a greater extent, solve the issues on the blockchain.
Blockchain’s Problems
We’re familiar with the trend of the blockchain as offering decentralized, secure and faster transactions. The core scope of the blockchain is to facilitate the implementation, transaction and adoption of digital assets (cryptocurrencies) in multiple platforms.
Though it had succeeded to some extent, there still remains the issue of non-fungible assets. The core transaction carried out on the blockchain is crypto trades and so far, there have been many blockchains developed for this. There was the Blockchain 1.0 powered by Bitcoin, Blockchain 2.0 powered by Ethereum and subsequent blockchains.
Each was developed to perform better the predecessor. The main issue here is that cryptocurrencies are not transferable assets and hence, there transactions and use cases are limited to blockchain platforms. In another scenario, they cannot be implemented in reality and should there be an issue on the blockchain, all your earnings there are gone for good.
Cryptocurrencies just like other Initial Coin Offerings (ICOs) and being fungible tokens are transferable and their values are relatively the same. So if you have a digital wallet with about 2-3 BTC, it will be possible to swap it to ETH at the same value. Fungible tokens are a good feature of cryptocurencies but for more developments on the blockchain, there should be non-fungible tokens.
Oxcert’s Solutions
Oxcert is offering you the opportunity of utilizing non-fungible tokens. These tokens are directly opposite to fungible tokens. They are neither divisible nor interchangeable. Non-fungible tokens are unique and are coming with a new token standard for the Ethereum blockchain – the ERC-721 token standard.
Oxcert is also bringing to its platform, an open protocol that will be a challenge to the current protocol on the blockchain. The open source protocol will facilitate faster authentication of digital and tokenized assets such as cryptocurrency.
As a developer, you don’t have to bother about creating Decentralized Applications (Dapps) because Oxcert allows you create Dapps without hassles. The most interesting part to Oxcert is perhaps its prospect of giving users liberty of registering assets themselves. It supports the registration of physical assets such as houses, certificates and other properties of your choice.
Remember that the blockchain is a trusted platform because of its security and further use of decentralization to store data and assets? It was however unable to store physical assets such as those listed above. That is what Oxcert is offering you. It features non-fungible tokens that make it possible for you to store your physical assets without qualms.
Oxcert also allows you transfer your assets; both physical and digital into non-fungible tokens (NFT). So you now have the chance to store wide range assets starting from the cryptocurrency on your digital wallet to your physical properties such as houses.
How it Works
You might be wondering how Oxcert will be implemented. Its Open Protocol easily authenticates users’ assets without the interference of a third party. Because the blockchain technology demands the use of programming languages that are quite different from the traditional, Oxcert features a Plug and Play framework that utilizes SDKs for programming.
As a developer, you can use this framework to develop Decentralized Applications (Dapps) because it was developed using familiar programming languages. The platform also features uniformity that makes sure applications can be used alongside another.
The Oxcert blockchain is encrypted and efficiently authenticates the existence of a user’s asset before such an asset is added to its blockchain. Oxcert was earlier developed on the Ethereum blockchain but is poised to extend it operations to other blockchains.
Use Cases
Oxcert can be use in multiple platforms and settings such as user verification and asset authentication. It can also be implemented in real-life situations such as education and arts.
Token
Typical with every project, Oxcert has its token and this will be the primary channel of transacting via the platform. There are two available token: Xcert and ZXC. The Xcert token will feature a new token standard for the Ethereum blockchain - the ERC-721 token standard.
The ZXC will be the main coin for the Oxcert blockchain. It will be operated using the ERC20 standard token of the Ethereum blockchain. During the Initial Coin Offering (ICO), 250 million out of the 500 million token supply of the ZXC token will be sold.
Token Allocation
Crowdsale: 47%
Founders and Team: 15%
Community Pool: 12%
Reserves: 10%
Advisors and Legal: 6%
Liquidity Pool: 5%
Pre-ICO: 3%
Bounties: 2%
Token Sale Information
Ticker: ZXC
Token Type: ERC 20
Platform: Ethereum (ETH)
Soft Cap: 5, 000 in ETH
Hard Cap: 20, 000 in ETH
Total Supply (Fixed): 500 million
Price: 0.0001 or 1 ETH equals 10, 000 ZXC
Accepted Currency: Ethereum (ETH)
The Team
Advisors
Useful Links For More Information;
Website: https://0xcert.org
ANN Thread: https://bitcointalk.org/index.php?topic=4434967
Whitepaper : https://0xcert.org/whitepaper.pdf
Telegram :https://t.me/zeroxcert
Twitter: https://twitter.com/0xcert
Facebook : https://www.facebook.com/0xcert
Author's Bitcointalk Profile URL
https://bitcointalk.org/index.php?action=profile;u=2035939