In this article I will explain why I love blockchain technology, what problems I'm facing and how Vantum is planning on solving my problems.
Blockchain technology gives me an opportunity to organize my business records in an immutable distributed ledger that is easily accessible through my authorization, the ability to use smart contracts enables my business to operate automatically even when I'm offline.
Blockchain technology has added benefits to my business including adding transparency to my customers who value transparency and like my business model, with this transparency comes the integrity of doing business where my transactions are processed in a public verifiable ledger that my customers can verify. The security of my transactions is ensured and only authorized personnel's can see their records on the blockchain network, the records are immutable meaning that neither me nor the customer can interfere with the records without the approval of both parties. The ability to use tokens has improved my cross-border transactions through reduced fees and as my businesses grows I’m able to add new markets as my targets without worrying about cross border financial charges for both my business and my clients. Through the blockchain I'm able to communicate with my clients in an effective environment where the automated messages are managed by artificial intelligence and ensure timely communication. Blockchain technology doesn't discriminate small businesses and large businesses and my small business is taking advantage just like large organizations do.
Unfortunately, I face challenges with this new technology, due to the problems that have been experienced in the early stages of this new technology, as I'm looking for solutions towards solving this problem I stumbles upon Vantum whose mission is to solve the problems experienced in first generation blockchains allowing my small business to take advantage of improved blockchain infrastructures. One of the problems I face is scalability issues, my buisness is small and my goal is to expand globally in the decentralized environment, this means that I will have to face scalability issues as my business grow, I was affected during the crypto kitties network congestions and my payments were delayed for a few days on the Ethereum network, this meant I had to pay high processing fees to allow my transactions to be considered as urgent and this was a cost I was not ready to face. The instability of the network is also a challenge in my business and my businesses need a stable environment to thrive in an effective and efficient business environement
VANTUM.
Vantum is a blockchain projects that promises to solve my problems through utilizing the features of Ethereum network and also optimizing them for daily use, they plan on doing this through ethash algorithm chain creating a network where businesses can build their application layer creating a network that ensures stability, fast transactions and a more secure business environment.
Vantum Features.
Vantum network has three main features that differentiates it from first generation blockchains, they include Ethash masternode network, that allows optimization of Ethereum features allowing its users improved network more stable than ethereum.
Vantum network also promises solutions optimized towards blockchain improvement and are customized for building users' applications layers that are more stable just like the core network layer.
Vantum network will also be governed by improved masternode system that has 4 levels of security ensuring scalable records of the network are securely stored in a stable distributed ledger.
The network also promises features that facilitate cryptocurrency and fiat transactions through an environment that allows interactions instead of competition for easier integration of businesses financial transactions into the blockchain systems.
Introducing VantX.
VantX is an application built to enable small businesses like mine operate in a decentralized environment that allows easier integration of fiat currencies aimed at giving an advantage of businesses to still make use of fiat currencies in their transactions, this will improve my businesses by allowing my customers use fiat currencies as their mode of payment on the Vantum network.
Vantum benefits.
One of the reasons I'm comfortable with vantum network is the ability to keep my transactions private while allowing authorized parties access, this ensures that I'm in total control of my records on a decentralized business environment.
The applications layer that will be used by businesses is highly secured using unparrelled secure Vantum chain that ensures records are stored on multiple nodes for security purposes.
The core layer of the vantum network is user friendly to developers using it to develop applications for their businesses, the tools provided are easily integrated on the applications layer and allows businesses to make use of Vantum core layer.
Businesses using the Vantum network will also benefit from fiat and cryptocurrency smart contracts integration feature and allow the businesses operate normally using both fiat and cryptocurrencies and their clients will not even know they are using blockchain networks for their processes.
Vantum Masternode.
Vantum network is governed by masternodes that ensures the privacy of transactions, this is a more stable version of governance than governance methods used on first generations blockchain, the masternodes will also ensure fast processing of transactions and also ensure te processes are done in a decentralized environment that promises transparency and security. The masternode will also be beneficial to the Vantum network where they will be able to provide decentralized management of the Newtork through decentralized budgeting system.
Masternode holders will be able to earn a protion of the reward for each successful block creating passive income for vantum masternode holders.
Token Sale.
Currently Vantum team are in the processes of raising funds towards development, marketing and operations of the network and applications, the ICO is pre-sale started on 20th JULY and the crowdsale will start on 09.01.2018 and will run until 11.01.2018.
Conclusions.
Vantum network is promising an improved blockchain tht will solve issues on curent blockchain networks, this is a promising thing for my business as I adopt improved new Technolgies. The ability to allow fiat and cryptocurrencies on the network is a welcomed gesture that will see business tahat are not joining the blockchain due to large user base of their clients using fiat currency. The use of masternode to manage the system ensures trust on the network and allows the processes to run without conflicts experienced on first generation blockchains causing delays in payment and split of the management teams. In a nutshell projects roadmap for easier follow through on the development of the network.
References.
Website :http://vantumnetwork.co/
Ann Thread :https://bitcointalk.org/index.php?topic=4694790.new#new
Whitepaper:http://vantumnetwork.co/whitepaper.pdf ( COMING SOON )
Facebook : https://www.facebook.com/vantumnetwork
Twitter : https://twitter.com/vantumnetwork
Telegram : https://t.me/vantumnetwork
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049