How is Era Swap a Solution to the problems of traditional P2P Platforms?
Era Swap is a blockchain-based platform that enables individuals to provide peer-to-peer services to clients in a tokenized time environment. The project aims to solve the cost and transparency issues of the traditional P2P platforms. Here’s how.
What is Era Swap?
Era Swap is an ecosystem designed to ensure a healthy exchange of services. The platform integrates a number of decentralized apps that help to address the various aspects of the ecosystem including a transparent exchange of service, good value of user time, meeting the increasing demand, minimum or no transaction charges, reduced volatility, and promotion of digital asset adoption by masses.
Problems with Existing P2P Platforms
A p2p platform is a system that allows peer to peer or direct transactions between two users. For instance, a p2p payment system will allow a user to send money to another user without needing an intermediary such as a bank or financial institutions. Blockchain is an example of a peer-to-peer payment system. It is secure and transparent.
Other traditional p2p platforms aren’t very cost-effective. Most of them involve a transaction and/or service charge which increase the cost of using them.
The Solution - Era Swap Ecosystem
Era Swap brings a practical solution that solves most of the issues of the existing p2p systems. It combines a number of individual platforms solving specific problems into a comprehensive ecosystem where everything is interconnected through a common payment system via the Era Swap Token (EST).
Time Swappers
Time Swappers is a first of its kind, blockchain-based peer to peer marketplace for the exchange of services between buyers and sellers in the form of tokenized time. The concept is that the time of each seller will be valued in the form of tokens, and they will be able to provide their services as tokenized time to interested buyers. The payment system will be fueled by the Era Swap Token which is a decentralized utility token.
So, how does it solve the problems of traditional P2P systems? Let’s see.
For one, Time Swappers is a global decentralized marketplace that can be existing by anyone and everyone. It works same as a freelancer network, only without any intermediaries. Since there are no intermediaries, the transactions are pure P2P and the data is completely secured. Also, the cost of transactions is effectively reduced since the platform charges no transaction fee.
As for reliability and transparency of transactions, that is managed by the various elements of the Time Swappers platform.
Time Swappers, accompanied with other ecosystem apps like TimeAlly, Era Swap Wallet and ComputeEx exchange system make it completely a secured and futuristic peer to peer transaction system.