SIDERA: IMPLEMENTING A MUCH NEEDED RELEVANCE TO CRYPTOCURRENCY

flezy (40)in #token • 6 years ago (edited)

Bitcoin is said to be an open system that gives way to evolution and provides an assurance of its long-term trustworthiness which has made it achieve an explosive economic value but the problem of bitcoin at the moment is that it is still limited to a small audience because it has not broken out into the mainstream adoption.
Problems like suffering from complexity for the average user and managing blockchain concept, private key or public key which are all out of reach of the average user. In some circumstance, some users may not be able to operate a smartphone. That is why SIDERA has come as an end-to-end solution to all these protruding problems.

WHAT IS SIDERA?

Sidera is a full-stack reference implementation that serves as an end-to-end solution to all relevant component for the contactless and smartwatch retail Point-of-Sale (POS). It also includes;
a. POS terminals,
b. Mobile application.
These are already in deployment.

Sidera aims to facilitate the sharing of their current devices, buildings etc by embedding sensors and network connectivity so as to ensure a rapid collecting and exchanging of data. This is done by keeping an absolute ledger of all shared transactions so that it can be shared without requiring a trusted third party.
It is also the aim of Sidera to enable a worldwide distribution of the Sidera protocols to ensure the rapid expansion of the value of the Sidera network. This will be done by releasing the full-stack reference implementations as open specifications and open source.
It is the aim of Sidera to help create a request for old and new, as well as small and big cryptocurrencies so that no other cryptocurrency exchange can convey in new cryptocurrency users from any segment with the same number.

FEATURES OF SIDERA PLATFORM

Readily Deployable: The Sidera solution will be readily deployable across the world in regions outside of Europe. Sidera will be able to reach the 1 billion user mark with these international deployments.
Network Incentivization: Users are incentivized to participate in the Sidera network through accessibility and ease of use with the suitability of mobile expenses and the simplicity of a smartwatch. With a solution that decreases complication and adds relevance of cryptocurrencies to end users, there will be a rapid adoption of cryptocurrencies and the merging of the crypto economy.
Community Oriented: Sidera believes in the crypto community as they want to scale Bitcoin and cryptocurrencies adoption thereby delivering revolution to the masses.
Decentralized Wearable Devices: Sidera strongly believes in privacy and freedom which is the main reason they start supporting Cryptocurrencies and Blockchain technology. For this purpose, Sidera established the first decentralized wearable device project in the world called SmartBit. With SmartBit, all funds are fully encrypted, secured around owners wrists and also allowing offline wrist-to-wrist transactions and some other innovative features.

CONCLUSION

Sidera is a cryptocurrency exchange implemented to help generate demand for big and small, new and old cryptocurrencies so as to add relevance to cryptocurrency for the platform users. Sidera will give users the opportunity to see blockchain and cryptocurrencies on another level.