Architectural Features of the ABLE Project
The decentralized bank allows to make transactions with cryptocurrencies; these transactions are made without intermediaries, which positively affects their speed and costs (the latter should be minimized).
Architectural Features
The platform itself consists of several key components. They include:
- App. Thanks to it, the user can work with the project practically from any part of the globe (if there is an Internet connection). This simple application helps to easily manage complex financial transactions. It can also be installed on a personal computer.
- Structure. The smart contracts accounts for the managing of deposits, divisions, loans. It is also possible to realize an fair distribution of profits due to them.
- API. Thanks to progressive technological innovations, it is possible to process personal data of users and to improve the work of the platform as a whole.
- Infrastructure. The stable work of Able is based on the Ethereum. Thanks to it, it is planned to create an uninterrupted main network in the future.
The main advantage that distinguishes the project against the competitors is the exclusion of intermediaries. This will give an impetus to the development of the entire industry, which even now has many obstacles. It is important to take into account new approaches to security, because now users’ deposits will be stored directly in the decentralized system.
The ABLE Project brought together an international team of professionals, where everyone know their roles and are able to add something new to the development of this project.
Opportunities and Further Prospects
The need for new ways of managing private capital is increasing, so the work of such a platform is an obvious necessity. Cryptocurrencies have so quickly burst into our lives that traditional banking schemes are far from being useful when working with them and can not guarantee a qualitative result. That's why the ABLE Project is a solution that millions of users are waiting for.
It is assumed, that the number of users who use cryptocurrency daily will only increase, so the operation of such a platform will solve the most pressing problems of this stage. The decentralized project will allow to unite investors and borrowers within a single ecosystem, which will positively affect the final result. The speed of the transactions will increase, and their costs will be minimized.
In order to personally make sure of the benefits of the project, it's enough to undergo a simple registration procedure, which takes literally a few minutes. Now the amount of the rates will be determined by mutual agreement, which will allow to obtain more objective figures that are beneficial to all parties. This approach suits thousands of users who are interested in using cryptocurrency in everyday life.
This approach will make investing even safer, which will positively affect the market as a whole. In the near future, we will witness significant changes and development of new transactions standards.
Visit the links below for more information:
ABLE website: https://www.able-project.io/en/index.php?lang=en
ABLE Telegram channel: https://t.me/ABLE_Project_EN
ABLE ANN Thread: https://bitcointalk.org/index.php?topic=3159298