Centra Tech A promising crypto
See the full article & listen to the podcast at: BuildingCrypto.Today
CENTRA Tech
Centra, a credit card, crypto currency, wallet, blockchain, network, merchant services provider, and currency exchange. If this sounds like too much to be real, you'd be wrong. This company started selling tokens at $.50 each and their value has soared as they have developed an incredible platform, app, and credit card to make spending your crypto easy. They did things the right way and managed to avoid the hazards of the Waves network shutdown, making them the only game in town for a period of time.
CENTRA services
Centra Card was the core product to bring the company to market in late 2017. They designed a currency exchange platform to easily spend Bitcoin, Ethereum, Centra Token (CTR), Ripple, DASH, Litecoin, Zcash, & Monero. They've also got plans to add 12 more crypto-currencies in 2018. All these tokens come together for easy spending in the Centra wallet. This is a solid business plan with some serious security concerns due to the centralization however, effectiveness is paramount in such an instance. We've also not seen any attacks yet, so big thumbs up to Centra.
Centra Network
This has yet to be released and will likely not be until the completion and launch of the Delegated Proof of Stake blockchain in mid-2018. The exchange will rival that of Coinbase in ease of use, but will also allow trading of all crypto currencies supported on the credit card. The network and blockchain will enable the Centra market, already expecting to house 100K+ items for sale from vendors prepared to accept crypto. This will be groundbreaking as there are presently so few places to spend crypto and Bitcoin just isn't feasible to make purchases with. Now you may have heard of Atomic swaps, or not, this is being referred to as a Currency Conversion Engine Module by Centra. This sounds extremely fancy, but in reality it's just a way of exchanging tokens without a central authority. (i.e. I want to buy some Stellar Lumens in exchange for Ethereum, this module allows me to do that without use of an exchange.) These are off-chain transactions where you can swap one crypto for another. This is off-chain because blockchains can't yet interact, requiring a centralized, trusted third party. This presents some problems as blockschain was designed to be trust-less. That being said, there are several projects working on making atomic swaps native in which case Centra will be well placed as a leading market force to lead that market sector and potentially push some of the larger, less trustworthy exchanges out of the way. To wrap this all up into a beautiful gift wrapped package, Centra is even giving rewards to token and card holders. There is a bit of a trick to it, you must have a card and stake your tokens in the Centra wallet. Upside, we can make .2% of all network fees by doing this, downside, I don't really want a card. Crypto is my long game, so I'm not spending. Either way, it doesn't hurt, so I'll go ahead and do it because I don't hate money.
Interested in getting started with Bitcoin or Crypto in general?
Looking to learn more about starting in crypto, check out the ultimate beginner's guide.
Listen to the Building Crypto Podcast & connect with us at:
www.BuildingCrypto.Today / iTunes / Stitcher / Facebook Page / Facebook Group / Busy / SteemIt / D Tube / Twitter / D Sound
Hey, stumbled across your podcast today on google play and it just happened to be the steemit episode from Jan 7th. Thought you did a really good job with it, nothing wrong with honestly assessing what you do and don't like about the platform.
Sorry its off topic to the current post but as I can't go back upvote that one I'll have to settle for this one :)
Thanks for the feedback. I'm givnig away 100 free Kin if you review the podcast, follow the page, group, invite others, or really in any way increase the listenership. Just send a screenshot. That being said, I had some pretty serious family stuff come up and am still trying to come back from that. I expect next week to be a back to normal, technichal analysis show.
Well keep up the good work. It definitely sounds like you have a technical background, I was going to recommend that if you have any questions regarding witnesses (or nodes as you called them) that you check out the steemit.chat and the witness channel. There is wealth of information there for someone who wants to dig a little deeper into how things work.
That's good info, thanks. I kept asking around here and couldn't get answers. There are so many places for info, a newb just doesn't ever know where to look. If only we had a directory or search engine. haha