BITCOINONE - An Electronic Payment System Based on Cryptographic Proof

Hmmmm…. This world is indeed primarily a product of an idea, every single thing in this planet earth are derived from an idea and funny enough it seems as if a lot of people are still lacking behind even upon the fact that ideas are given out for free. You might be wondering why I am saying this, well do not worry I will definitely clarify you, just read down. Observing this world, from the beginning of time, one thing that has never ceased to occur is development, yes development. As a new day emerges, that’s how things gets modernized and advance, new technologies, solutions to problems, easier and better way of making things work. Currently almost the whole world is making transaction and online payment from one geographical area to another easily with the use of digital currency.

Undoubtedly, there is a possibility that most of you might still be curious to know what exactly I am driving at more especially as I have made mention of digital currency since it is not everybody that have full or even basic knowledge about it. But just believe me as I tell you that reading this article will clarify you of so many things that you didn’t know and also things you need to know that you would wish you knew before hand. Just keep reading.

We all should count our selves very lucky for being part of this generation (The 21st Century) which is being exposed to new technology, (The Blockchain Technology/Internet) a technology where cooperation, individuals billions.

What is Blockchain

A blockchain, initially block chain is a developing rundown of records, called blocks, which are connected utilizing cryptography. Each block contains a cryptographic hash of the past block, a timestamp, and exchange information (for the most part spoke to as a merkle tree root hash).

By plan, a blockchain is impervious to adjustment of the information. It is "an open, circulated record that can record exchanges between two gatherings effectively and in an obvious and perpetual way". For use as a disseminated record, a blockchain is regularly overseen by a shared system on the whole clinging to a convention for between hub correspondence and approving new blocks. Once recorded, the information in any given block can't be modified retroactively without change of every single ensuing square, which requires accord of the system greater part.

Blockchain was created by Satoshi Nakamoto in 2008 to fill in as the general population exchange record of the digital currency bitcoin. The development of the blockchain for bitcoin made it the main advanced money to take care of the twofold spending issue without the need of a confided in expert or focal server. The bitcoin configuration has motivated different applications, and blockchains which are clear by the general population are broadly utilized by cryptographic forms of money. Private blockchains have been proposed for business utilize.

Plenty grammar right? Well don’t worry I will simplify.

Frankly speaking, since the creation of blockchain and the emerging of cryptocurrency (digital money) e.g bitcoin, things have become so easy and simple. We all are aware that as long as planet earth is concerned, everyday in different geographical area in every moment there is always a transaction going on, whether it is official, personal etc. and in every transaction one makes, there is always a due procedure or a process by one need to undergo.

Centralization

Centralization refers to the process in which activities involving planning and decision-making within an organization are concentrated to a specific leader or location. In a centralized organization, the decision-making powers are retained in the head office, and all other offices receive commands from the main office. A payment system where a third party is a necessity, one don’t have full control over his or her money and also its issued by a government or corporate entity. Two willing parties cannot transact directly with each other without the need for a trusted third party.

While Decentralization

On the other hand a absolute payment system that we all need is a decentralized system of payment. A decentralized system is one which requires multiple parties to make their own independent decisions". In this system one don’t need to depend on or place trust on a third party whenever he or she wants to make transaction with one or two persons.

At the point when Bitcoin was discharged into the wild in January of 2009, the decentralized system gradually began changing the manner in which society sees cash and the whole money related framework by and large. Bitcoin began with only a couple of adopters, as Hal Finney who got 10 BTC finishing the plain first bitcoin exchange. Presently the convention is utilized by a large number of individuals from each edge of the world, giving people a superior method to bank, while likewise moving their assets without consent from supposed rulers.

Indeed, bitcoin is viewed as the 'general population's cash' in light of the fact that the decentralized digital money has no rulers and gives people the sovereign opportunity to do whatever they need with their cash.

Just like bitcoin, Bitcoin One bolsters decentralized digital forms of money, an electronic installment framework in view of cryptographic evidence rather than trust, enabling any two willing gatherings to execute straightforwardly with each other without the requirement for a confided in third party.

BitcoinONE
Bitcoin One is a decentralized currency that serves as a global payment system. Companies, individuals and business partners can send and receive funds using BitcoinONE digital currency. BitCoinONE is a community driven project Decentralized meaning no state or company is controlling it, the Ecosystem is based on people helping out in marketing, support & development.

With 3 billion unbanked individuals in Africa and Asia with no ledger, "essentially in light of the fact that they are not welcome or rich enough" - Cryptocurrency can play a noteworthy distinction in their regular day to day existence. We beleive that cryptographic money is out of neediness and BitcoinONE have a mission to assist these individuals with a general arrangement that includes BitcoinONE and its own created blockchain.

Remember when I said that this world is governed by ideas and how a lot of people are still lacking behind even when the ideas are free? Well BitcoinONE is ideal solution (idea) which eradicates the problem of centralized system of payment. And if you don’t know about this, that means you are lacking behind. With BitcoinONE you can make transactions with multiple persons easily irrespective of the geographical area with you in total control of your funds.

Development

BitcoinOne is developing its own blockchain to ensure even faster transactions than those on the Ethereum network, ensuring almost instant transfer of funds, furthermore we want to a more secure and stable coin-alternative to Tether, which is planned to launch this in Q4 2018.

BitcoinOne is creating ventures with a utilization case that is Wallets and Mobile Crypto APP. This innovation makes things easier for everyone, you don’t need to worry about where you are anymore whenever you want to use or make payment with BitcoinOne. With the mobile App you run everything through as your phone is always with you. Imagine that moment where there is an emergency situation in which its solution is immediate transfer of BitcoinOne, you don’t need to run all the way back to your house, the car or anywhere you keep your PC just to make that transaction. At your very spot with your mobile phone you can just solve everything effortlessly.

It doesn't just stop there, market has being analyed and which call for a global demand for a crypto marketplace APP. With the APP people can easily buy and sell stuff with the use of crypto. The Marketplace will support BTCONE, BIP and so many other crypto coins

Bitcoin ONE have 10 million tokens in circulation out of 21 million in total. They have allocated tokens for reserve and development by so doing, the demand and underlying value of the token will be high base on the fact that there is limited amount out in the market.

These actions will make it stable and secure coin to invest in.
10.000.00 in Circulation
8.900.000 for Development / Operations / Reserve
2.100.000 for Marketing / Bounty

TOKEN DISTRIBUTION

In order for one to buy or sell any cryptocurrency, it has to be added on an exchange. Well BitcoinOne is adding on more exchanges where you can buy or sell. When it comes to cryptocurreny, one of the vital things that is ought to be assuring is safety. As a way of guaranteeing safety to users, BitcoinOne is propelling virtual wallets so you can have your BitCoinOne securely stored in your own wallet on your PC or Mobile Phone.

If you fall under the categories of those that’s still struggling with bank issues (centralized system) you don’t have to worry anymore instead you should be happy for being part of this century with the most amazing innovations, Blockchain Technology so if you ask me, I will say it’s time for you to migrate to Blockchain Innovation and take part in its development for I accept and trust in Blockchain and know the potential and what it can convey to the 3 billion individuals with no bank account on the planet earth.

Why Blockchain – Bitcoin ONE
Blockchain is the advanced and decentralized record innovation that records all exchanges without the requirement for a budgetary middle person like a bank. It seems to offer five unmistakable focal points over existing installment help organizes that could make it a go-to innovation for the budgetary administrations industry (and different ventures) later on.

Transparency

One of the prime reasons blockchain is interesting to organizations is that this innovation is quite often open source. That implies different clients or engineers have the chance to adjust it as they see fit. In any case, what's most essential about it being open source is that it makes adjusting logged information inside a blockchain inconceivably troublesome. All things considered, if there are innumerable eyes on the system, somebody is most likely going to see that logged information has been adjusted. This makes blockchain an especially secure innovation.

Lessened exchange costs
As noted, blockchain enables distributed and business-to-business exchanges to be finished without the requirement for an outsider, which is regularly a bank. Since there's no mediator inclusion fixing to blockchain exchanges, it implies they can really decrease expenses to the client or organizations after some time.

Faster transaction settlements

With regards to conventional banks, it's normal for exchanges to take days to totally settle. This is because of conventions in bank exchanging programming, and the way that money related establishments are just open amid typical business hours, five days seven days. You additionally have budgetary organizations situated in different time zones far and wide, which can postpone handling times. Nearly, blockchain innovation is working 24 hours per day, seven days seven days, which means blockchain-based exchanges process extensively more rapidly. etc.

ROADMAP

In 2018 BitcoinOne is going to lauch an APP which will supoort its installment arrangement, so everybody can utilize and pay with Bitcoin ONE around the world as long as they have a cell phone.

Besides BitcoinONE is propelling virtual wallets so you can have your Bitcoin ONE securely put away in your wallet on your PC or Mobile Phone.

Bitcoin ONE is likewise including more trades where you can purchase or offer Bitcoin ONE

BitcoinONE sure indeed have a bright future, transforming the lives of billons of people globally. Primary concern, we needn't bother with banks or governments to control our cash and chooses its esteem. With cryptographic money; anybody regardless of on the off chance that they are rich or poor, race or religion have the monetary opportunity to setup a free wallet with no ID checks and exchange any add up to any individual on the planet.

Activities that emerges and help neighborhood network to profit by the New Blockchain Era. Please do not be left out, I encourage you to participate in this project.

Webography

Website: https://www.bitcoinone.io/
Facebook : https://www.facebook.com/bitcoinone.io/
Twitter: https://twitter.com/THEBITCOINONE
Instagram: https://www.instagram.com/bitcoinone
Telegram: https://t.me/TheBitCoinONE
Discord: https://discord.gg/uxpaTfV

Author
Akany

Bitcointalk Profile Link
https://bitcointalk.org/index.php?action=profile;u=1741485