SIDERA: SETTING A STANDARD IN THE BLOCKCHAIN INDUSTRY

aaemma (35)in #coin • 6 years ago (edited)

It's quite true the advent of blockchain technology revolutionized this current era in ways unimaginable. Blockchain technology Introduced decentralization and use of smart contracts. The first cryptocurrency was Bitcoin, and ever since then, many cryptocurrencies with unique value has been invented.
A study has shown that one of the issues surrounding cryptocurrencies is complexities associated with private keys and the knowledge of blockchain which is solely out of reach for an average user.

Another issue behind cryptocurrency failure to break out into worldwide adoption is that many individuals lack the knowledge of using or trading with cryptocurrencies, and as such can't be used in real-world applications, this, in the long run, reduces the value of cryptocurrencies at the same time restricting it to a certain few.

This is the reason Sidera was created so as to add a genuine significance to cryptocurrencies, thus leading to a worldwide adoption.

WHAT IS SIDERA ALL ABOUT?

Sidera aims to bring an end-to-end solution which will comprise of full-stack reference execution of all important segment for the contactless and smartwatch retail Point-of-Sale (POS). Sidera also incorporates a Point-of-Sale terminal and mobile app which are already being deployed.

Sidera intends to empower the global circulation of the Sidera protocols to guarantee the quick extension of the values of the SIDERA network. This will be carried out by releasing the full-stack reference executions as;
a. Open source.
b. Open specifications.

It is the goal of Sidera to help create interest for old and new, in addition, small and big cryptocurrencies so that no other cryptocurrency exchange can pass in new cryptocurrency users from any sector with a similar number.

Sidera likewise intends to scale Bitcoin and cryptocurrency adoption thus conveying the transformation to the masses in order to give back to the community all the values that have been achieved in recent years.

It is additionally the aim of Sidera to encourage the sharing of their current wearable devices, structures etc by installing sensors and network availability in order to guarantee a quick collection and sharing of available data. This is carried out by leveraging blockchain technology for each record of every single transaction so that it be shared without requiring a third-party.

SIDERA'S SMARTBIT

Sidera unequivocally has confidence in the security and opportunity that is associated with blockchain technology, thus the reason for the unbiased supporting of Bitcoin, Cryptocurrencies and Blockchain technology. For this reason, Sidera built up the first decentralized wearable device of the world called SmartBit. With SmartBit, Sidera will ensure users assets are encrypted, safeguarded while being at their wrist. Smart can also be used for offline wrist-to wrist exchanges and some other creative highlights.

Features of SIDERA'S SMARTBIT

Continuum: This is a decentralized peer-to-peer based wearable exchange.
Auto Detect: This auto detects address needed for a transaction.
Wrist-to-Wrist transaction: This is an off-chain transaction between the smartwatches which are close to each other.
Seed entropy generation: This is a reward and/or bonus of accelerometer and arm-movement based wallet seed generation which is within the SmartBit.
Extra: This is additional highlights or features in the SmartBit like QR codes, News, Weather forecast, Notifications, Price alerts etc, all with the aim to make Sidera a user-friendly platform.

CONCLUSION

Sidera is a blockchain-based platform with the aim of creating a one of a kind project solely based on wearable devices where users will be able to access, trade, send or receive cryptocurrencies easily and in a more friendly way.