Over the past couple of years, the development of the cryptocurrency market has proceeded at a rapid pace, which can be observed by looking at the overall market capitalization. Undoubtedly the main coin remains Bitcoin whose volume takes up more than 50% of the total market capitalization. But even with such volumes, Bitcoin has significant problems, such as the lack of mass implementation. Many people, when it comes to the cryptocurrency, experience certain difficulties, because they do not understand what it is and how it works, although they heard about it through the media.
To date, thanks to the cryptocurrency, in most cases you can only buy other digital money. People are not interested in full cryptocurrency, until they can not use in everyday life and buy any kinds of goods. The solution to this problem is offered by the Sidera platform, which adapts the cryptocurrency so that people can use them in retail stores using a smart watch or a contactless smart bracelet.
Scalable, fully decentralized Sidera ecosystem, offers a new way of sending cryptocurrency through wearable devices, such as smart watches. This type of device will ensure the daily and efficient use of cryptocurrency. In the future, sellers of these watches will release watches with features that users prefer more often. The Sidera platform fully supports Bitcoin, cryptocurrency and blockchain. To this end, we developed the first decentralized portable device in the world - SmartBit.
This kind of device has a lot of functions, while all the means are protected, as they are on your wrist. SmartBit is a new kind of smart clock, through which you can safely manage and manage the cryptocurrency. The aim of the Sidera project is to increase the attractiveness of the cryptocurrency and its scaling for a more convenient way of carrying out transactions with an increased level of security. At present, the use of Bitcoin and other cryptocurrencies among the population is almost impossible in everyday life. The platform offers its technologies SmartBit, which will be presented in three versions. SmartBit will be presented in three versions: BitBand, BitWatch Premium, BitWatch Visionary.
Sidera will create demand for all types of cryptocurrency from popular to new and unknown coins. No exchange will not be able to attract as many audiences, because the purpose of the platform is to enter the consumer market. The project team consists of citizens of Southeast Asia and China, where the development and use of the Sidera and SmartBit application will initially be concentrated.
The emerging interest in Internet things, and especially in the case of blockchain, makes it possible to create and implement many different functions and collective applications, but as we see not all apply these technologies to the development of distributed applications. Due to the consolidation of the blockchain with IoT, the project will keep the register of all operations and transfers unchanged in the form, while the third parties (intermediaries) will be completely absent.
Indeed, the project has many different functions in SmartBit and the possibilities that will facilitate the use of cryptocurrency in everyday life. More details you can find by reading the white paper on the official website of the Sidera project. One of the main developments of the smart watch for providing a high level of security is the function of "ghost mode". When this mode is activated, the clock displays the usual information: time, date, etc. It will be impossible to determine if the device stores cryptocurrency.
The Sidera project is going to launch its own innovative exchange - CONTINUUM. The exchange will work on BitSmart devices, through which you can perform various operations with cryptocurrency. A hybrid and scalable server will process 500,000 transactions per second. Access to the ecosystem will be through the EQUOS token, which will be the main means of payment for the project. At the moment the project conducts ICO where it is possible to get a token EQUOS at the price of 1 $ = 0.5 EQUOS. Also Sidera will reward its participants depending on the amount and date of the deposit.
The conclusion.
In my opinion, the project has a very competent and effective idea. They will scale the cryptocurrency and promote its introduction to the consumer market. Offering products in the form of a smart-clock, which will have many functions with the ability to manage cryptocurrency, I think people will be interested in it.
Website: https://sidera.io/
Telegram: https://t.me/sideraofficial
Discussion at the forum: https://bitcointalk.org/index.php?topic=4770011.0
My profile on Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1695767