able platform for crypto assets
Introduction
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics. Today, the project I am going to present you is the Instant Assets Tokens, a better way for make property investment easier through the digitization of assets.
Presentation
The ABLE project has been proposed to provide an alternative to banks’ conventional lendingdeposit
spread structure, and to solve problems with initial cryptocurrency banking services.
The ABLE project aims to solve these problems by applying decentralized blockchain technology.
By developing a matching engine that connects investors and borrowers on a peer-to-peer
basis, the project directly connects investors and borrowers without any intermediaries.
With
intermediaries and lending spreads eliminated, cryptocurrency interest rates will be determined
by mutual agreement between users in a free market, and said rates will serve as market interest
rates. Investors can receive higher interests than they would in a centralized market, while
borrowers can lend money at lower rates, creating a win-win scenario.
Since investing and
lending occur governed by smart contracts, the project will eliminate exposure to managers’
moral hazard and the risk of central-server hacking.
Current cryptocurrency banking services provide deposits and loans separately rather than
linking depositors and borrowers. The services have shortcomings such as inability to provide
high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate
intermediary risks because their structure is based on a centralized model.
On the other hand, the
ABLE project directly links users, primarily through an account, and enables a variety of financial
activities such as payroll and investment, based on smart contracts.
The ABLE project, in its initial stages, provides:
- investing/lending – investing-lending matching engine.
- payroll and credit score/ loan – cryptocurrency salary- payment service and credit scores to support loans.
- simplified payment and remittance service – simplified account address service and reserve remittance.
- investment – account-based Initial Coin Offering (ICO) investment governed by a smart contract. The project offers an account-based finance experience that encompasses, loans, remittance, payroll, and investment.
The ABLE system architecture is layered, and levels of access vary depending on the layer,
all respective layers and components communicate through standard-based ABLE APIs. The
respective APIs are divided into public API, protected API, and private API, and levels of access to
respective APIs are divided into users and the ABLE system.
Maybe just this, the reviews I made in terms of helping and telling everyone to, participate in the ICO or Bounty campaign they run today.
If there is any shortage in this review information, please forgive for your inconvenience in reading or searching for Information, but do not worry I have provided a link you can visit, to find out more about the ABLE project, and surely you will get reliable Information from the team as well as the Founder of the ABLE project.
All information in great detail you can find on the website of the project ABLE There are also links to all social networks of the project, through which you can receive in detail and in time news and observe the process of development and establishment of the platform.
for more information :
author:salsa24
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