AIAScoin: Coming to rule the world of E-commerce

nibupraju (50)in #aiascoin • 6 years ago

It is estimated that the Global E-commerce market is worth 22 Trillion Dollars. In this fast evolving market,the majority of payment are processed via payment gateways. So If you are a payment processing company, what all elements would be needed in-order to rule this highly competitive market . Let me lay it out for you

Speed
Security
Low cost
High volume handling

This is what AIAScoin is offering. AIAScoin is the premier solution to revolutionize the cryptocurrency and payment processing industry. As per the white paper:

The AIAScoin concept revolves around a fast, private, secure, Peer-to-Peer (P2P) blockchain, and an automated payment processing system that can be implemented to all websites . Masternodes will be incorporated into the AIAScoin system to ensure the privacy and speed of transactions.

Quick Disclaimer: This is not an investment advice. These are my own thoughts . Please DYOR and decide whether it’s a good investment for you or not.

Brief introduction of AIAScoin

AIAScoin is a “PIVX fork” targeting the payment processing industry. Harnessing the strengths of the PIVX project, AIAScoin resolves the elements outlined above providing a blockchain solution based on the PoS Algorithm while harnessing masternode technology to provide privacy and fungibility.

Lets have a look at some of the features that makes AIAScoin a great choice for payment processing industry.

Zerocoin — The AIAScoin implements Zerocoin protocol which fixes a major weakness in Bitcoin . Privacy.

SwiftTX — To address speed, AIAScoin has implemented SwiftTX . SwiftX technology allows AIAScoin to be used for point-of-sale situations where a payment is sent and confirmed 5 times in less than a second, while not being exposed to double spends that other cryptocurrencies are susceptible to.

Fungible: Erasing the history of each AIAScoin transaction before you spend it makes your AIAScoin just as valuable as anyone else’s. AIAScoin can’t be blacklisted.

Low fees: Transaction fees will be almost nil.Since its based on PoS confirmation there is no need for expensive equipment for mining which keeps the fees low as much.

Cross Platform Payments : Since it aims to be a preferred payment processor,Cross-platform functionality is very important . AIAScoin incorporate the same by creating multiple access points for wallets and accounts. The system uses a web platform through plugins on Windows, Linux, and Mac OS devices. This will make AIAScoin adaptable on different platforms.

Open Source: As an open source platform, this blockchain will be community driven which creates more openness

Masternodes — These are incentivized nodes that receive rewards based on their availability and their ability to offer network services in a decentralized and trustless manner. AIAScoin provides an opportunity to run your own masternode and earn handsome revenue. The requirements are fairly simple

You needed to own 1000 AIAScoin in your Wallet
A dedicated IP address
VPS with Linux
A stable high speed internet connection

The AIAScoin uses the Seesaw Reward Balance system , via which 10% of the block rewards goes to coin burn and balance 90% is shared between master nodes and staking nodes

Sounds interesting, If you wish to host a Masternode, you can contact an AIAS ambassador via their discord channel and they will help you out.

So, What is the value proposition AIAScoin is going to offer ?

As i have discussed in the beginning, the main focus of AIAScoin project is in the field of payment processing . Lets take a look at the different value proposition it will be offering to stakeholders

Benefits to merchants :

AIAScoin expects with the implementation of their system, merchants will be able to increase the sales. AIAScoin will also promote the listed merchants as well driving more traffic.

Benefits to buyers

AIAScoin hopes that they will be able to provide a risk-free, any where accessible , adaptable and low cost experience to buyers .

Benefits to coin holders

Once the AIAScoin project starts gaining more mainstream adaptation, it expects the coin value to appreciate which will help to gain more ROI to its investors.