The ABLE project – solving traditional financial service problems through blockchain technology and decentralized cryptocurrency protocols.

Historically, the way in which traditional financial activity takes place is in a centralized, conventional platform. Banks today have the monopoly on financial lending, and their monolithic presence often dictates the way in which the financial market exists. The cryptocurrency market is one such market that is ripe for change. Indeed, the nature of the cryptocurrency market needs to become somewhere that can benefit its users in such a way that enhances the marketplace and increases its stability.

We all know that a traditional financial model adopted by the monolithic banks is one that is based on a lending/deposit basis, thus allowing banks the ability to profit from lending fiat finance at higher rates. This is often at the banks best interests, and not the users, and cryptocurrency is set to change all of this. The ABLE project aims to change just this, and at the same time, level the playing field within the cryptocurrency universe, to stabilise and equalise the system.

Decentralized blockchain technology is at the heart of this project, and the way in which blockchain world is paramount to the success of this platform. Current traditional fiat based bankers and their investors and borrowers are governed by their intermediaries, and this they have to answer to. The very nature of blockchain technology eliminates this very process. With it's consistent and transparent peer-to-peer base, the way in which cryptocurrency interest rates and values are determined will be through a mutual agreement basis, agreed by the users within the marketplace, thus benefiting both investors and borrowers mutually, and with the best possible outcome for each other. We all know that currently there is the ability to gain a deposit or a loan ion the cryptocurrency market, however, there isn't the ability to be able cohesively to merge investors and borrowers. This is where the ABLE project neatly steps in and provides the ability to connect these valuable resources.

Through its decentralized and transparent notion, the ABLE project is able to offer a direct chain of links, one in which connects within a fully viable ecosystem, utilising the smart contract feature of blockchain technology, and providing its users with a fully comprehensive and cohesive way in which to operate on the financial marketplace. As is well known, the way in which cryptocurrency operates, and the way in which to ‘bank’ the information and currency is still largely new and unknown. By utilising a well thought out platform such as the ABLE project, users are able to relax with a fully cohesive and cooperative decentralized place, which is completely trustworthy and transparent, wherein borrowers and lenders are connected, in real time, through the safety of the blockchain.

The project itself breaks down quite nicely into four parts, investing and lending, payroll and credit scores and loans, payments and remittance service and investment. These parts all merge together cohesively to create an extremely well thought out and effective platform. The team behind the ABLE project are well aware of the ability to connect and link its investors and borrowers, thus making a fully liquid market that will be able to fund and cooperate to successfully conquer the financial market. The basis that the platform exists on is that it creates what is termed an ‘order book’ which is there for investing and lending, and based upon the smart contract facility of blockchain technology. with this order book, there is increased liquidity and trading potential, and the ABLE project aims to increase the amount of cryptocurrency it facilitates until it covers all.

For a blockchain enthusiast such as myself, it is a pleasure to see such a well thought out and comprehensive platform. Seeing that a user can invest any cryptocurrency in any mutual fund recognised and supported by the ABLE network, and be able to invest on many products, and the reassurance that these are protected by the smart contract facility, and the ability t liquidate and collateral should there be a decline in investment potential. Who wouldn’t feel reassured and supported by these options, it really is a win-win situation for all users and investors alike.

The platform also supports the growing trend of cryptocurrency payment for traditionally fiat based payment activities. This means that salaries and the like can be well supported within the platform as well, reducing the risk of decreases in profit and value. As we all know, the inscrutable nature of the blockchain means that should any credit applications be made, there is no way to manipulate the data that is present, and thus credit loans will be founded on a fair and entirely data-based forum. The addresses that the platform itself provides are also designed to be hassle-free and convenient to the user, something which I personally am extremely pleased to witness.

Ultimately, the time is ripe for a decentralized exchange that can coherently and cohesively manage cryptocurrency assets to develop the way in which the marketplace exists. The ABLE project is doing this succinctly and excellently. The ecosystem that the platform proposes is one that is extremely well-thought out and is clearly already extremely effective. As the variety of partnerships and diversity within the ecosystem grow and develop, so too will the strength and effectiveness of the ABLE platform. The tokens that the project have adopted are the ABLE coin and the ABLE dollar. The ABLE coin will be usable for service charges in the ABLE system, and the ABLE dollars will be utilised for interest payments. They will also be exchangeable, giving investors and borrowers greater freedom to enjoy and involve themselves with the ABLE ecosystem and invest and lend with ease.

The entire framework of this platform is one that will exist relly neatly within the wonders of the blockchain protocol. The team behind the platform have cohesively planned the stages in which the platform will go to achieve its greatest potential, and the use of the Ethereum blockchain is reassuring to see. The framework is clearly one that is highly stable, transparent and secure. The application behind the platform is usable on any forum, including mobile applications, which allows users to operate within the financial market in real time, utilising the best outcome for their investment or lending potential. The way in which the data is shared will also increase this efficiency, as users will be able to utilise the available data to best suit their current needs. The algorithms behind this protocol, from the ABLE user, Contribuir and Mater-nodes have all been cohesively connected, and offer the highest efficiency to all who use this platform.

Overall, it is a pleasure to see such a cohesive and transparent system, ready to revolutionise the way in which the financial market operates. The ABLE project is ready to revolutionise, improve and increases the effectiveness of cryptocurrency in out day to day lives.

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

Article was written by frankiemalton
Bitcointalk username:frankiemalton
User link:https://bitcointalk.org/index.php?action=profile;u=1989629
Ethereum Address: 0x7656CB6F30c05e9c136c1C0f1FE316125A653ed5

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