Argentas – innovation in Global finance

Project website: https://argentas.io/

Disruption is in progress within financial services, with crypto related products taking first role in finance industry and process of global finance to go crypto is not reversable, this is a one way street.
What that mean, according to argentas developers – it is the fact that bank accounts as we currently know them will disapear in the future and that blockchain will be the base for new type of accounts – primarily to hold current balance and transaction record. This type of accounts will allow users payments within real-time and great flexibility. Of course, this always comes with downsides, and one is the whole risk of bad transaction is on the user, without possibility to have back-up of their funds in case of mistake in transaction.
Since, there is no perfect solution, that will override this risk obstacle. It is wholy on user, and this could be the main milestone in broader usage of crypto currencies and blockchain in everyday use. It is simply put, to complicated for average user.
Part of Argentas project is platform to transition global payments, with interface to facilitate smooth movement and transition between traditional and crypto economies, that should support future growth of crypto/blockchain usage in everyday life. Platform shall be distributed ledger technology, based on Hydra Net, with low latency fast transactions, throughput for at least visa based numbers around 50-60 tousends per second, with aim to achieve much higher number. There is no mining planned, validation shall be based on Byzantine Generals’ Agreement, that is environmental friendly and much less computing power is needed for everyday network. Lack of mining will influence transaction costs, that could be lowered in comparison with mining currencies.
Important part is that system is foreseen with intuitive user interface, that shall be easy to use, which is currently very big problem for typical user to cross to crypto payments from usuall bank account, where bank is holding your account data and all necessary passwords can be recovered from the bank. Aside from this similarity with bank account, there is a decentralized control, transparency and trust, that bank always lack, since that is centralized institution, with no transparency and low trust level from users.
This lack of centralization lead to safety and security issues, since general user is not advanced enough to handle complex technical issues regarding passwords, digital signatures and hash families and more research shall be done in the area to obtain quantum resistant accounts, that are easy to use for general user.
HydraNet is the base for Argentas ecosystem, that also comprise interfaces and bridge to other applications, or future distributed applications that will leverage the power of network, to increase number of users. One of good examples of dapps is credit scoring, that can enable lending process to be smooth and based on immutable distributed ledger technology ledger.
Argentas is based on XLM network, billion tokens are issued and 60% is for public sale until the end of this year.

ANN thread: https://bitcointalk.org/index.php?topic=4848410
Author: https://bitcointalk.org/index.php?action=profile;u=1573369;sa=forumProfile