Kryptopal - Cryptocurrency Integration Platform

Cryptocurrency as a product is still at a nascent stage of development and there are many issues to be ironed out. The Blockchain Technology powering it too is at its early stages of development where we are seeing the vast potential of it and are trying to use it in our day to day lives.

Do notice how I never mentioned that we are actively using it and just mentioned that we are "trying" to do so. This is because of various reasons and issues. First of all, Cryptocurrencies as a whole is too volatile and being so has led to lot of people losing their investments and this has caused quite a negative belief amongst the general population. This and the fact that most of our Governments are yet to set Rules and Regulations on the usage of these cryptocurrencies and many of them have banned it outright. This has also led to it being portrayed negatively.

People are starting to realize just how powerful, versatile and flexible Blockchain Technology is which is based on something very simple. It can help solve many of the problems that the current infrastructure or methods cannot solve.

Even still many of the companies and few of the Governments around the world are trying to use this Blockchain to provide, power and act as a platform to their services. But most of the daily used services still haven't yet moved over to the usage of cryptocurrencies and that is because of the above mentioned reason and because of the non-existence of a easy way to integrate them into the existing platforms.

These are the reasons why cryptocurrencies are not being used at a scale that fiat are being used at, even though they are much more secured, fast and most of all not being regulated by few governing bodies that get to make decisions on them. Instead, we as the users form the backbone for the network to operate upon and it also offers more transparency than what is offered currently.

Kryptopal Platform

They plan on solving the above mentioned problems faced by the cryptocurrency industry by creating an API of sorts powered by Blockchain that helps in the easy implementation of cryptocurrency into various services such as Apps, Websites, Payment Portals, and much more.

This allows for mass adoption of cryptocurrency usage and enables a lot of the services that we pay for using fiat to be paid for using cryptocurrency. It is basically an SDK that uses regular programming languages, allowing software developers to integrate cryptocurrency into their products without the need of hiring a blockchain specialist or creating a Blockchain platform for that matter.

ICO & Team

They plan on powering their platform by introducing the Kryptopal Token which is based on Ethereum's ERC-777 Token. Their Private Pre-Sale is currently in progress with the dates for Public Pre-Sale and Main-Sale yet to be announced. It requires for you to be Registered, Whitelisted and KYC Verified in order to participate in the ICO.

The Founders and rest of the team have previous experience in Software Development, Marketing, Investments, Blockchain, HR and Community Management respectively. The advisory board consists of experienced Analysts, Marketing Heads, Investors, and Entrepreneurs who also bring along their expertise in fields of Strategic Planning, Technology, Business Development, Blockchain, Investments and Finance.

Conclusion

While there have been a lot of projects in the field of Blockchain which introduces a new cryptocurrency for powering its platform, none of them are being used for the reasons mentioned at the beginning. We all know that the future lies in Blockchain or something based of the same principles and some of us would like to use them right now.

It is upto us to bring the future to the present, and this is what this project aims to do. Though it has its fair share of flaws such as the authenticity of the Team, since none of their Profiles can be verified by us, not listing on any of the ICO sites, which all raises certain flags in the minds of Investors and potential users.

It remains to be seen if they rectify the problems and if they do so and stick to providing on their promises, they can surely be able to achieve what they set out for.

Website - https://kryptopal.io/

Whitepaper - https://kryptopal.io/wp-content/uploads/2018/04/Whitepaper.pdf

ANN - https://bitcointalk.org/index.php?topic=4417025.msg39393020#msg39393020

Telegram - https://t.me/kryptopal

Published by - coineaglebt

Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073