With SmartCash - Cryptocurrency is ready to be integrated into our everyday transactions

in #smartcash6 years ago (edited)

DQmWjjV2CqV2m6VqQFkGRL8d2hDeCFsLExfafhd2XUEkNQi.png

It's a good feeling that I will get to write this post almost immediately after the previous related post. In the previous post I talked about some core fundamentals about SmartCash like the Community, Smartnode and Smartreward.
In this post, I will be diving into other areas which are regarded as the vision and set goals such as - The Merchant Focus, Roadmap 2018 and of course InstantPay.

merchant_sample..jpg

SmartCash Merchant focus.

Cryptocurrency was created to challenge the use of fiat as the everyday medium of exchange, but due to many factors such as volatility and confirmation time, crypto growth towards this use case has been somewhat very slow. By integrating the InstantPay feature, SmartCash intends to expose the use of the coin to larger marketplace and varying merchant points. SmartCash has shown some seriousness about this set goal by finding it's way into over 28 merchant companies who are already accepting smarts as a payment method, from technology companies to web hosting to health and beauty companies. For a project which was born last year July(2017), I think this is a big statement about its credibility.

smartcash_InstantPay.jpg

InstantPay - Here I come!.

What could be more annoying than waiting at a cafe just to get your bill through even after you are done consuming your coffee or being delayed despite how hasty you are to get your bike fill up with gas in the gas station due to delay in sorting out your payment?. This scenarios can be matched with what bitcoin has to offer currently pertaining to confirmation time.
How would you expect such to be introduced to this short-attention-span millennia as an everyday payment option? No, we gat to be real here. No wonder the granddaddy(bitcoin) in talk is regarded as a de facto store of value.

But we can't give up on our new found revolution (cryptocurrency), can we? There has to be a way out! 'Smartcash InstantPay' - here I come!. Imagine the two scenarios above, where am done sorting my bill before the sale-person could finish pouring that milk into the coffee mug or where the payment has already complete before the gas could fill-up in the bike tank. How fabulous would that be? SmartCash InstantPay function is on the verge of turning these into realities.

As an added sauce, you will get to pay a transaction fee many times lesser than the traditional fiat charges. Imagine paying just $0.0005 for a single transaction no matter its amount. That means you could rack up just $1 on as much as 2,000 individual separate transactions. No, that probable isn't a fee.
visa-smartcard_meme.jpg

In fact, to make instant payment more effective and reliable the team have been focusing on encouraging the setup of smart nodes and currently there are over 9,000 smart nodes spread throughout the continents. This is more than the combine master node of Dash and PIVX which are popularly known by their masternodes.

InstantPay technology uses the network of the setup nodes to instigate a transaction and notify all nodes in the network about the transaction in other to avoid any recording or processing error, which also prevent any loop to vulnerability or ungranted access.

At this point, you could argue with me less that by the InstantPay feature and almost free transaction fee SmartCash is all set to take the finance world by STORM thereby, consciously accelerating the fast adoption of cryptocurrency into the unreached parts of the world.

DQmZBXuhH8UmUD5YhWYmFN8i11kZAqwPPhTHMA3dATjzHYe_1680x8400.png

RoadMap 2018.

Base on the above illustrative image.
I will like to do a briefing on each of the stated objective.

  • INVISIBLE ADDRESS: This can be ascertained with privacy. It is intended to reveal the transaction history of an address as being null. Thereby, safeguarding against tracking.
  • SMARTCARD: What could be more existing than owning a compact card you could easily charge your bill with. SmartCash is taking things to the extreme by having this feature in place.
  • ELECTRUM WALLET: This is to provide an easy access to the desktop wallet. Voting and smartnode instigation to be included in its future functions.
  • CORE UPGRADE FOR FASTER SYNCING: A way of making the whole network to be in instant agreement.
  • UPGRADED EXPLORER: For better transparency and detailed info about the smartcash blockchain.
  • STARTING SMARTNODE FROM WEB WALLET: Intended for greater flexibility of node management
  • INSTANTPAY: The real mechanism that will bring about the wide acceptance of smarts by everyday folk.
  • 24HR SUPPORT CENTER: A service to support merchants and new users.
  • NATIVE MOBILE WALLET WITH MULTICURRENCY TRADING ABILITY: How fascinated I was when I saw this proposed feature. Imagine that we never get to go to exchange such as coinexchnage or cryptochange that are currently trading Smartcash anymore. Saving us the stress, risk, fee and associated factors that are currently experienced. How wonderful would that be?
  • ATOMIC SWAP: Also regarded as atomic cross-chain trading will involve the exchange of one cryptocurrency to another without the involvement of third-party.
  • ADAPTIVE BLOCK: One of the major headache faced by Bitcoin developers or all those who have the technical-know-how is how they could alter the code to change the block-size without distorting the network to enable more transaction being processed. Blockchain as a rigid technology once pre-written and initiated offers very little option to any adjustment in the underlying code.
    SmartCash who must have put this factor into consideration while choosing the zcoin protocol intends to offer greater scalability by gradually increasing the block-size as the need for it arises and thus building the blockchain to process more number of transactions per period of time.

Conclusion

Without even going one-on-one with the brain(s) behind this project, one could clearly see that the main objective which brought about the creation of this project is "creating a ready-made avenue and considerations by which cryptocurrency can actually be integrated into our everyday activities thus making the dream why they were first created come alive "serving as the #1 exchange medium by disrupting the old traditional way".

SmartCash - a coin for a Smart Generation.

Quick Fact
Cryptocurency, while still known by little are destined to increase in value once the number of investors/users increases. The point is, this could be a good chance to add up some smarties to your portfolio while it is still trading for penny. Mind you, crypto are very volatile assets, therefore, always stake what you can afford to lose and make your own personal research to truly convince yourself about your investments.

If you would like to learn more about smartcash please visit: https://smartcash.cc/

Follow @smartcash on steemit for a chance to win some smarties.
Join the conversation right now on discord

Feeling generous and want to tip some smarties? You are most appreciated.
SZ7AzBDYy43uF9thKVNrREgpxAStZqicmk

            https://smartcash.cc/
Sort:  

Σ$$$ Tipped @paulo380 Σ15 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.208 USD per SMART. Current value of the tip is $3.12 USD. To find out more about SmartCash, please visit https://smartcash.cc.

You can use the following commands:

  • balance - displays your current wallet balance
  • address- displays your deposit address
  • withdraw <amount> <address> - withdraws the amount of SMART to address
  • tip <username> <amount> - sends the amount of SMART to username
  • terms - displays terms and conditions for using @smartbot

SmartCash is the best fiat alternative for everyday life... with its ultra low transaction fee and near instant transfer no doubt smartcash is a new bitcoin.

I totally agree with you Sir, smartcash has many qualification to be the #1 medium of exchange.

Coin Marketplace

STEEM 0.27
TRX 0.13
JST 0.032
BTC 62780.02
ETH 2945.54
USDT 1.00
SBD 3.62