With the introduction of Bitcoin technology in our lives, the place of traditional payment methods in our lives began to be questioned. While money was sent to banks or accounts from banks, the costs paid started to decline with the development of Bitcoin technology. When transferring money from country to country, the users would have to go and transfer to the banks that had to make international transactions and then wait for days. With the introduction of several banks and intermediary institutions, the cost of the payment is increasing.
But there is a long way to go before this technology can tackle the traditional payment system. The amount of transactions per second in credit card payment transactions is 2700. This transaction is completed within seconds and the money transfers of the buyer and seller parties are realized. With Bitcoin, up to 7 transactions can be performed per second. With the increase in money transfers, it takes 15-20 minutes for each transaction to be realized.
Ethereum blockchain, which is an alternative to Bitcoin technology, develops the existing infrastructure but also brings its own problems. Due to the data recorded on the blocks in each process, the blocks are growing and failing. In the future, people will need supercomputers to read the information that has been recorded since the past.
To solve this complex and inefficient structure of the blockchain, the team of Sey Block set out to design their own flawless systems. Unlike other cryptocurrencies, Sey Block, using the Stellar blockchain, aims to provide users with a fast, secure, risk-free blockchain experience.
With Sey Block, users can perform their operations within seconds. Supporting the cross-exchange between crypto coins, Sey Block allows users to exchange funds directly from the Sey Block ecosystem without the need for crypto-money exchanges. With this system, users can efficiently perform their transactions, preventing users from registering for crypto exchanges for each cryptocurrency.
In addition, crypto exchanges and some crypto coins demand high fees per transfer from users. With Sey Block, users can perform their transactions at very low prices. Sey Block has designed a platform where users can follow the news in their platform. With this news platform, users do not have to follow different news platforms. Sey Block reddit, youtube, twitter, such as the importance of the users of the platform of data collected by crypto money. Users can reach the information they need in a short time.
In addition, Sey Block aims to design a crypto forum where crypto money users can express their opinion among themselves. With this forum to be designed, users can follow up to date information. In addition, local forum systems to be implemented and users with local languages will be aware of the crypto money market.
Escrow contracts and money transfers are made with great confidence. This system, which is based on mutual consent of the parties, also eliminates the problems of faulty money transfers occurring in crypto money transfers.
Swap transactions that will be realized in crypto money transfers are realized with online wallets. This order type which is stolen by order offer system is used based on the mutual suitability of the orders. If any of the users cancel the order, the transaction will not be completed.
Sey Block eliminated the problem of scalability in block chains. Using more than 4,000 Stellar block chains per second, Sey Block has a very efficient system from its competitors. Instead of saving all block data to the nodes, the Sey Block has a technology system that will shake the block blockchain system based on the blockchain system.
As a result;
The Key Block project has a system ready to use. You can review the Key Block project, which is traded on the Ecex Exchange and StellarX exchanges, on the following social media channels.
Social Media
Website: https://www.seyblock.com/
Whitepaper: https://www.seyblock.com/whitepaper_v1.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5065120.0
Telegram: https://t.me/seyblock
Twitter: https://twitter.com/seyblock
Facebook: https://facebook.com/seyblocksey
greatbambino : https://bitcointalk.org/index.php?action=profile;u=2430184