SONICX: Here comes the excellent payment gateway

in #cryptocurrency5 years ago (edited)

Introduction

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Sonic X is a platform which is built on blockchain technology. It is basically used to ensure efficiency, security, and trust when making payments on the internet. As a platform for making payments online, Sonic X is used in augmenting peer to peer transactions.
There are lots of challenges associated with making use of the internet and Sonic X offers services which can remedy these many challenges. On way it does this is by making available a blockchain architecture which features scalability in a way that users pay the least amount possible.

Sonic X
Sonic X was basically set up to provide solutions to the issue of security, trust, and inefficiency that characterize centralized systems. It is a project that aims at creating a decentralized payment system that has a high-performance and makes it easy for peer to peer transactions to be carried out. Although the major technology that powers the Sonic X platform is gotten from Tron, the scalability, as well as the transaction velocity of the technology Sonic X uses are a lot better.

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Problem
On the internet, there are lots of challenges. Popular among these challenges are security, efficiency, and trust. When working with a platform that is centralized, such things as trust, efficiency, and security cannot be in anyway guaranteed. This is because if you have any digital content that is kept on a centralized server, as soon as that centralized server is hacked, your digital content becomes vulnerable. That’s not all. In addition to your digital content becoming vulnerable, whatever data you have stored can be altered. This can cause more damage than you can fathom. It is so bad that it can spell the end of your business and even render you bankrupt. Furthermore, transactions that are carried out online are sometimes liable to being attacked.

Solution
The presence of cryptocurrency and the technology that powers it, blockchain has provided a fresh way to ensure that online transactions are secure and digital content protected. This is possible because of decentralization, a feature of blockchain technology which makes it ideal for solving internet related problems. Decentralization simply means blockchain technology can function with the presence of a middleman.
Due to the presence of Sonic X, users of the internet can now have a good level of confidence when carrying online transactions. Due to the fact that this system is decentralized, payments can be made by virtually anyone and from any destination through the Sonic X token.
With Sonic X, improved privacy for transactions can be guaranteed. This is meeting a major need because as the volume of transactions increase, the process of each transaction has to increase to ensure efficiency. On way Sonic X aims at improving the speed of transactions is by providing shortened link addresses. The introduction of shortened link addresses will go a long way in making systems designed for carrying out payments very user friendly.
Also, Sonic X will introduce the use of smart contracts. With the introduction of smart contracts, users can create conditions governing a transaction which can be processed without the need for a middleman. Instead of making use of middlemen, smart contracts will be programmed to release funds according to already signed conditions. This will lead to an increase in the level of trust among all parties that are involved in any form of payment.
In addition to ensuring the right level of trust, Sonic X ensures the right level of privacy. This is very vital and timely as privacy is one of the issues faced by people involved in online transactions. There are lots of risks associated with carrying out transactions online because of issues related to identity theft. With Sonic X, internet users can be certain that their personal details will be kept hidden when they are taking part in a transaction that is not trusted.

Structure of Sonic X
Sonic X is a fork that is based on TRON. It is targeted at ensuring scalability. As well as high performance. Sonic X functions with an ecosystem that comprises of three layers. Each one of these layers functions in a way that provides the much needed support for the layer that is over it. The three layers of Sonic X are Application, Core, and Network.

Conclusion
The Sonic X platform has a token. This token is known as SOX might not mean much for those that do not know its worth. However, those that know its worth can make use of it in changing currencies.

TEYUTBCtGhwwo5qdNSE2uRpp3ifKTLhent = tron wallet

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Aug. 10th, 2019, Second round of airdrop will be performing at www.Sonicex.com exchange on the ratio 1:100 (100 TRX =1 SOX).

Thanks for the very complete information, greetings. Voted.

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