Tag: future

The Decentralized Financial Service For The Credits Platforms As The Future Digital Payments

The increasing demand for digital payment transactions is due to the digitization performed by every primary provider of staple needs. Since traditional market transfers to markets occur then CREDIT developments must be done to meet the needs of digital transaction users. The market digitization keeps on increasing the demand for digital payments. Payments made using conventional banks in practice take longer. To simplify the transaction the seller’s platform must provide multiple accounts from each different bank. The transaction fee charged is also quite hefty. A decentralized system with the use of blockchain has been present to provide solutions related to transaction speed and offer affordable cost.

CREDITS is a platform that implements a decentralized system using blockchain. The deal will happen in a smart contract. CREDITS provides a place for interaction between participants within the ecosystem. The concept applied to the CREDITS platform is peer-to-peer (P2P). The affected financial services will be based on a distributed ledger with own execution capability by each smart contract. Everyone within the platform can offer and provide financial services. Balanced and undefined technology makes CREDITS offer new technical solutions from a conceptual interaction model that may occur between participants in the network. The developed services will simplify any transactions that may occur in a decentralized system.

Possible financial services within the platform will adhere to peer-to-peer rules so that each participant performs financial transactions such as money transfers, currency exchange, funding, lending, and other services that can occur directly. Additional intermediaries are not necessary at all in the conduct of transactions. The absence of intermediaries will make deals happening easier, faster, and cheaper. The revolution in the financial industry must begin immediately by applying a direct interception in a decentralized system. Digitalization of financial services will bring the system through the stages of the revolution to become better in the future.

All financial participants will be incorporated into the ecosystem can receive all services safely and quickly with the application of the principle of the distributed ledger. The federal voting done in running smart contracts will give some restrictions to the participants in creating the interaction in each selected financial service. The use of blockchain will form a new potential for the economic platform by offering low speed and transaction costs. CREDITS will be one of the first financial service providers to use a decentralized system by prioritizing the convenience and convenience of transactions for participants in the platform. For more information, you can visit https://bitcointalk.org/index.php?topic=2401248 and https://credits.com/Content/Docs/TechnicalWhitePaperCREDITSEng.pdf to access the white paper.

The Architecture Of CREDITS Platform That Delegated Proof Of Stake

 

In its development, CREDITS will use a network ledger system which will use smart contract methods that support any agreement made within the ecosystem. Some types of network nodes are also used based on decentralized network development goals based on free access from node connections. Then the general blocks book will sync with all the public ledger on all system nodes. The knot will also be synchronized in determining the definition of the overall trust of verification. Besides, CREDITS also uses a network consensus system as an appropriate method for group decision making.

Systems running within the ecosystem are a set of network nodes that process, store transactions, and confirm some requirements within smart contracts. The system also plays a role in processing requests made by third parties and providing information on the data requested. On each client computer will be installed the network so it will form a node that is connected to the standard system. The node will act as a verifier and will list every event in the ledger. Any transaction that is authenticated by the system and stored on the network node will be recorded in the ledger. Deals are items within the system that are indicative of the demand for performing a quick contract method and any action on the network. Every transaction that happens will be recorded in blockchain results.

The system items used in the ecosystem also include a Smart Contract that will allow members to obtain agreement by the terms of interaction. The logic of the contractual relationship will be applied in the user interface with centralized source independence as the leading property in the smart contract in a decentralized system. The calculation of the results of the work is entirely the responsibility of the Smart Contract method applied and will record any agreed terms into the ledger. Contract-related parties are final network participants and CREDITS system users.

Network nodes that are implemented in the running of the system will use standard nodes that participate in the verification to achieve validity. Common nodes have a minimum trust factor that is a candidate for a trusted node role. The common node will also be the current node of the processing in the next cycle in the selection of node roles in the network. The next node contained in the node is a trusted node that has the maximum trust factor. The trusted node is a candidate for each node role in processing current and common nodes. As long as the number of elections and voting is calculated mathematically, this node cannot be trusted. The calculations performed will depend on the number of nodes and the complexity of the network. The node that has the responsibility to add transactions to the ledger block is the primary node. The node will use a trust factor with a numeric value of 0 and 1.

The general ledger term used in the system means that a single unit of information stored therein will contain the previous block hash code. All data lists associated with the ledger will be related to the last number associated with the block. The transaction will take its place within the block after receiving the block from another system according to the number so that it will save more bandwidth of the network. Block number will be checked first as long as synchronization is done. When the block is gone, then the block will be downloaded and saved back by the node. It will make the most recent copy in the ledger and will be called the last book. The recording will be done by the node that has responsibility for the ledger formation.

Each data stored in the ledger will send blocks to all existing data nodes remain up-to-date, and there is similarity of data ledger in each current system node. The node will always be associated with other nodes within the network so that it will continue to exchanging blocks with transactions that occur. It is also done to keep information relevant. The set of operations will be formed in all blocks to wait for additional data to be done in the ledger. So it will be possible to store the data in the accounting several times for each server and node system. All information will be protected because more and more nodes in the network then the system will be more reliable and more independent.

Sync node is done every new node to define definition and trust thoroughly in the verification process. All processes that occur will be handled simultaneously and independently so that the level of processing information will always be improved. The bookstore will be empty, and space will be backed up in RAM when no incoming variable makes access simpler. When the required ledger is not available, the request will be sent to a trusted node. The node will receive all transactions, and then account synchronization will be performed. Disbursement will be done in sync that runs when the input parameter is the object that characterizes the deal. The operation generates the numeric code to be started to determine the position number in the ledger. The thread will end when the method ends with an error connection.

CREDITS uses the Proof-of-Stake (PoS) concept as a group decision-making method. When the node identification process generates a block, it will perform maximum liquefaction in each pile that occurs between competing node participants. Compensation made to increase the ledgers in the blockchain will be provided for fix mining blocks. All vertices on a decentralized network will cause none of them have priority. It is essential to be able to define a network node so that it can process the transaction queue stored in the network node. Then the transaction block must be entered to be stored in the ledger.

The Contribution of Sales Token For CREDITS in the ICO event

 

Pre-ICO has been completed on December 26, 2017. The results obtained are also quite significant. Total contributors who participated in Pre-ICO are 700 participants and made in 1100 transactions. The number of tokens sold is 4,029.12 ETH or equivalent to 3,002,135 USD. If you want to contribute, then you can follow the sales of ICO which will begin on 1 February 2018. Make sure you keep up with the information so as not to miss the time of contributing. To join as a contributor, you can register at CREDITS official website at https://credits.com.

The first step when you will participate in a token sale is to fill in some information already available on the registration form. You can enter a minimum amount of contributions to join. Make sure you have an Etherum address first. You may only participate if you have an Etherum address, if you do not have that address, you will also be disqualified from a smart contract.

The amount of your contribution will determine how much information you provide. The amount of grant under 10 ETH will require necessary information only. But when your contribution amounts to 10 ETH and more then you will be asked for additional information such as full name, address, and some other extra documents. It aims to meet Know Your Customer (KYC) procedures so you do not have to worry because the information you provide will be safe on the platform.

CREDITS provides some ease in digital payment transactions. Not only that, but financial services can also be done through this platform such as currency exchange, funding, withdrawal, and other financial services. The use of blockchain technology will create a decentralized network with the achievement of an agreement using smart contracts. The distributed ledger will also make any transaction data safely stored. The use of the CREDITS platform will save costs as it offers the security and comfort of good deals for a right price too. Do not miss the CREDITS token contribution event on ICO to participate in CREDITS development as a financial services platform in the future. The development of CREDITS can be updated through the following platform community in social media:

The Use Of Cryptobank As The Newest Digital Banking In The Future

Increased demand for digital transactions encourages each bank to be integrated with digital payment services. For a payment to be easily made, it is advisable to make a payment with an account number from the same bank. When payment is made through a different bank, it will undoubtedly add transaction fee for cash. Users will inevitably have to follow the rules that apply so that transactions can be resolved.

Digital payments are increasing in number over time, of course, means that users of online platform increasingly. Complaints of high transaction payment costs arise as a volume of transactions made. Any complaint uttered by the users was finally able to encourage developers to build a digital bank for secure trade at a low cost.

Crypterium is an online banking platform that provides services like conventional banks in digital form. The team has spent five years analyzing and researching for a digital storage platform. The platform is planned to be built with the application of blockchain technology so that the system can be decentralized. The use of blockchain technology is one of the most appropriate ways to create a decentralized platform for the development of useful services in the future.

Crypterium was founded by a team of professionals who have experience in the innovative digital payment system in FinTech. It is expected that crypterium can be a digital banking solution that can provide the best service to the whole world community in making the digital transaction. The use of Cryptobank encourages cashless transactions so that future digital payment transactions will earn a high percentage. The application of previous financial revolution technology has also been applied in several platforms such as Samsung Pay and Apple Pay.

Crypterium will maximize the utilization of previously established contactless concepts to minimize the use of traditional payment cards in fiat currencies. Cryptocracy in Ctyptobank will apply the issue of the smartphone so that the devices that are owned by everyone can be used with the maximum without having to buy a new machine. Smartphone recognition is a useful step in developing a convenience in transactions. Users no longer have to carry payment cards wherever they go. Only with applications that have been installed on smartphones, then anyone can make payment anywhere.

Cryptobank development in the Cryptocurrency Era will complement the digitalization revolution as digital payments will be easier to do. Cryptobank offers a service that is easier, faster, safer, and cheaper. The decentralized system implemented by Cryptobank will be one of the hallmarks in the development of financial services in the Cryptoeconomy era. The development of the Crypterium platform as an innovation in digital banking will be an enormous and unlimited opportunity.

The development plan from Cryptobank will come to the point where all cryptocurrencies can be integrated with an accurate exchange value in Cryptobank. Not only that, but integration will also be done with fiat currency so that users can quickly make transactions anywhere because the currency value can be exchanged with all currencies both crypto and fiat. Ha will be developed as a small step to apply the cashless concept as a form of appreciation to the users in the ease of making payments. Often the development, the type of service in Crpytobank will also continue to be improved so that everyone can use one application to perform all transactions.

 

The Mobile Cryptobank To Support Contactless Payment

Cryptobank will be the first platform as a digital bank that can raise the role of conventional banks. Everyone can participate in digital transactions, deposits, and exchange of funds with a digital bank. The costs incurred also tend to be less when compared with traditional banks. Implementation of Cryptobank will be more comfortable because the application can be downloaded and installed on the smartphone. After downloading App Banking, Crypterium transaction has started can be done. You can also begin to leave your debit card because the app supports payouts for everyday activities.

Every customer who has installed an app can make transactions by paying the leading cryptocurrency as a balance. Usable Cryptocurrency standards such as BTC and ETH. Users can also purchase an ER20 standard token to fulfill the service on all POS terminals that have been installed. Near Field Communication (NFC) has also been implemented in the Crypterium Mobile Banking App so that it will support the convenience of transactions wherever you are.

Each payment POS will perform a connection reading of the NFC Host Card Emulation (HCE) protocol as a virtual data sorter in the Crypterium app. That allows the use of Cryptobank applications to be used to make payments in Crypto and fiat currency to every store and retailer. You do not have to worry about currency exchange because the money will be automatically converted depending on the currency ordered in the virtual payment. The capabilities possessed by Crypterium will be expanded by cash withdrawals at ATMs with fiat currency.

The exchange rate applied in Cryptobank may differ depending on the sale value of each currency currently in effect. So the exchange can be accurately done only with the smartphone owned by each user. The need for payment can be made with the proper use of crypto and exchange terms in the order of predetermined ratios. This convenience strongly supports every user to make payment transactions at the global level without worrying about the conversion of individual currencies that apply in a place or country because it has been done automatically by Cryptobank.

Crypterium has set up applications that can be applied to Windows phones, iOS, and Android to ensure the ease of use of everyday financial services. The method of Cryptobank allows each user to exchange and transfer funds using certain cryptocurrencies currencies such as BTC and ETH. Other services provided also relate to transactions in the field of infrastructure at outlet and trading with using international payment systems such as MasterCard and VISA.

The usefulness of Cryptobank may also be used for transactions relating to trade infrastructure and services that have been connected to the Crypterium network or have become partners of Crypterium. Wallet wall charging can also be done or can even be done through a bank account. Besides, in Cryptobank transfers can be done without any restrictions such as bank accounts that include bank cards with some limiting rules to avoid money laundering. Every Cryptobank user can also get some special offers that can be obtained through a store that belongs to Crypterium partners. As the Ease of the payment transaction, Crypterium has website to give maximum information to all users. You can visit these links to get further information:

The Use Of Crypterium Token (CRPT) In Decentralized Digital Banking Platform

The main point of any transaction done inside the Crypterium platform is the CRPT token. No service is acceptable to the user if not using CRPT as an exchange value. Each service provided will be governed by smart contracts agreed by the token holder and platform. To get CRPT tokens, you can contribute to ICO in pre-sales. In enlarging the Userbase for the fulfillment of all future user expectations, Crypterium will implement a token list on the Cryptocurrency exchange so that a comprehensive service will be achieved.

One of the most fundamental rules in the Crypterium platform is that only CRPT token holders can transact and get service from Cryptobank. Ownership of CRPT tokens can be used as fuel reserves for future transaction processing. Cryptobank has implemented transparent transactions for its users. The use of intelligent technology also encourages automated algorithms to achieve the optimal level of operations performed at all times. Any deal with banking that has been integrated with Crypterium can be done quickly and safely.

The proper use of algorithms in Cryptobank ensures that each user obtains the correct conversion value for each exchange transaction with fiat currency and crypto. The transaction fee applied can also be reduced up to 0.5% only. Crypterium has committed to transparency of all operations conducted within the ecosystem. Users can directly use the payment of transactions made through the Crypterium wallet. The use of CRPT tokens also makes it easier for customers with the integration of the NFC terminals on smartphones, so the transaction costs are minimal.

Decentralized concepts can also be applied using blockchain technology. With blockchain technology can minimize the transaction costs required to make payments. Every transaction history can also be accessed easily via Crypterium Cryptobank Mobile App application. Service development continues to provide the best for platform participants. For you to keep up with the latest technological developments from a digital bank, you can join Crypterim’s social media account as follows.

Cryptobanking is the most appropriate solution for creating digital banking. The revolution of the banking world is needed to follow the progress of online transactions whose use continues to increase. Cryptobank in the future is expected to become a platform that has diesel integration worldwide to facilitate every user in the digital transaction payment. The contactless concept also provides additional value in the application of Cryptobank so that transactions can be resolved quickly. If you are interested in contributing, immediately join ICO because tokens will only be available for purchase during ICO only.

BANKEX As A Future Platform For Better Asset Markets

The problem with the asset market usually begins with liquidity. The problem has always been an unavoidable problem in traditional asset markets. Therefore, a decentralized system is needed to create a new standard that addresses various issues related to liquidity in the asset market. The decentralized system should also be pursuing an innovation for the realization of an asset market with a high degree of accuracy.

The platform builds to make a decentralized capital market. The BANKEX platform also creates the Internet of Assets (IoA) based on Bank-as-a-Service (BaaS) principles and is supported by the Internet of Thing (IoT) technology and Artificial Intelligence (AI). As a new standard, the protocol is open to third-party Fintech providers and all of the previous financial institutions.

As a platform that seeks to become an organization that brings together financial market members to build a community, BANKEX implements the Proof-of-Asset Protocol that can benefit from the use of shared assets. PoA can solve the problem of assets that can not be understood by traditional liquidity. PoA, in essence, is a combination of BaaS and blockchain technology in the system to help the development of better transactions.

BANKEX ecosystems are created to produce Fintech and Tokenizing products on financial assets. PoA can be applied for approval of BANKEX foundation in Smart Assets. PoA offers a kind of solution like an instant audit of an asset. With the PoA, every investor will be aware of the status of the invested in each company and non-public assets. Indirectly the application of the PoA system will demand the market to change regarding lawyers, accountants, auditors, banks, and collectors.

In the end, each system is built just to facilitate users and increase the benefits that may be obtained by everyone. Increasing the amount of information on commercial operations is a new opportunity for the development of the AI economy. The growing knowledge of technology will make all facilities established at the lowest possible cost. All parties work competitively to achieve economic value for the benefit of modern society.

BANKEX as a Decentralized Modernized Financial Markets

One business model that enables the development of a new financial system is BaaS. That is because Baas has integrated with existing technology following the law and jurisdiction. The Fintech company also wants to launch a new product that is expanding into new markets. The inventor of BaaS was initially the front store, which built access to end clients such as banks, Fintech companies, internet platforms, stock exchanges and insurance companies.

 BaaS can retain clients since the beginning of its development as it provides cutting-edge technology for clients. Besides, the products offered are also very competitive in the market and still maintain the best technology. Fintech is a company in the market with a role to lend solutions to preserve and monetize clients.

The working model applied is the client end model that is considered most beneficial for BaaS. The BaaS platform is an integrated window where corporate clients and retailers can choose and receive the full range of services offered by all types of banks. Besides, clients can also accept all offers related to technology from different countries.

BANKEX is the right platform to maintain the status of a critical element of a monetary economy in the world. Fintech and IT companies must always complement each other in a mutually beneficial way to keep the system running and growing. By complement, each other will enable the emergence of innovation system of new technology making it easier for every user.

Using Microservice and Blockchain Architecture

One of the network modules that can ward off crime attacks is microservice architecture. This architecture can run independently. The approach used is the application structure which will be broken down into several smaller independent internal components. The use of microservice design has several advantages.

Autonomous ownership may vary from each microservice and the ugliness contained in an application. The application micro-component can be developed and tested in autonomous decentralization. Using microservice helps scalability that can be improved. The scalability in question is an independent scale of the other components and the on-demand range.

The supports continuous delivery and distribution of micro components. Users have proven that the use of monologic architecture is more comfortable in implementation, control, and deployment. Microservice crimes require more careful management as they are guided by different servers and use the API. Such an architecture will make it complicated for applications to develop.

Ethereal blockade service uses blockchain architecture. That network is a network that uses the concept of micro-services. The advantages of the system are the advantages and reservations because each job node is autonomous. Besides, service discovery for automatic configuration on network topology. Network capability is extended through other types of micro usage.

The BANKEX liquidity protocol is a series of smart contracts that have been updated. But intelligent contract renewal remains on the link between API calls. The development of BANKEX follows the traditional microservice architecture concepts with Oracle system creation. The established protocols are strictly designed by the principles of micro-services. In this case, the developer calls the contract created as

Blockchain’s Service Architecture. Blockchain services are used in system development because they can automate the transaction chain, increase reliability, transparency of transactions, and remove any form of inefficiency. The blockchain is one of the technologies used in the platform because it can reduce the risk of human error. That will make your business faster and cost less. Blockchain architecture services can build the platform in the best possible way.

The Roadmap Of Development BANKEX

As a renewable system that provides many advantages and conveniences, BANKEX has been developed since 2009. Through a long project trip, BANKEX is ready to be present in the world community as a platform that offers various advantages for the asset market. Its presence has been awaited by the people marked by the many investors who contribute to ICO. At Pre-ICO only funds have reached $ 1.5M. Here is the roadmap for the BANKEX project.

The development of BANKEX began in 2009 when Igor Khmel understood the financial world that will continue to experience global change. To contribute to the economic society and studying finance, he entered Stanford University.

In 2010, Igor Khmel successfully apprenticed at the investment group, Citadel. The team was the most successful funding groups, with most of all the employees knowing the programming language. A main compiling in the perspective of financial market perspective and opportunities is when meeting with Draper Team in 2012 and Bancor’s future advisor. Finally, in 2012 Igor Khmel convinced Herman Gref as the lead of the bank that has highest profit in Europe to make the Innovation of lab Sberbank, led by Igor.

Then Igor Khmel met with Ilham Hatypov and Dmitry Dolgov in 2015 and emerged a deal to establish the BANKEX business as a development of the previous Fintech innovation laboratory. In 2016 BANKEX Fintech Lab started the operations every day and began building a blockchain development department, befriending Sasha Ivanov. In this year the BANKEX group also succeeded in winning the hackathon blockchain that organizes the financial group Life.SREDA, have created some solution to a p2p trading agreement based on Telegram delegates, can get some transactions with Etherum blocks. BANKEX initiated technical interaction with the team from Chrono Bank.

BANKEX and Microsoft agreed to sign a partnership on the development of blockchain technology. Developers receive the sponsorship from Microsoft Azure funds of $ 120000 in February 2017. BANKEX gets the status of the Securities Advisory Adviser. In this year, BANKEX also is a platform with Bank-as-a-Service and join with more than six banks. Furthermore, strategic partnerships are formed with the exchange of M-Deposit.

In July 2017, BANKEX released the PBX token use Ethereum blockchain. Pre Token Sale is proceeds of more than $ 1 500 000. Now, BANKEX has released the demo version with a Proof-of-Assets Protocol, which offers the source of new capital to real assets on the FinTech Platform that signifies solutions for businesses.In this year BANKEX labs managed to achieve profit from the first product. Ecosystem Protocol Evidence BANKEX benefits with Fintech FinDelivery and KYC Smart Asset subsidiaries.

In the year 2018 is planned to reach KYBAN BANKEX Adapters and Commercial Implementation of the first Plasma Light. The platform needs to get some partnerships with banks to have the preparation of the token sales for fintech community. In 2019, the BANKEX Co-investment crypto fund for ISAO. Licensing from banking and any other part to support for banking services in leading countries is also planned to be obtained by 2019. After all the process has passed, the two-way financial bridge on crypto & fiat will begin to be available by 2020.

Using a very mature and purposeful concept, BANKEX is coming soon as an asset market platform that is ready to benefit every user in the ecosystem. Using a combination of various renewable technologies makes BANKEX fast-growing and readily accepted by people around the world. BANKEX will soon release with the mission of adding liquidity to assets with the blockchain platform and multifunctional smart contracts.

Official Link To BANKEX:

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