SIDERA: INTRODUCING WEARABLE DEVICES TO FACILITATE EASY CRYPTOCURRENCY TRANSACTIONS

in #wearable6 years ago (edited)

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The blockchain technology which had over the years being attributed to Satoshi Nakamoto might after all not be his brainchild. The Proof-of-Work consensus mechanism used by the platform formerly a recommendation as solution to junk emails. The blockchain had been around for a decade and had recorded massive success especially with its first input, a digital currency called Bitcoin.
The currency seems overhyped because it was yet to scale some downsides. From its complexity down to limited use, digital currencies as a whole seem to have less value. Internet of Things (IoT) is already booming and we now have many channels to use the internet and technology as well. To this end, solution to cryptographic currencies’ downsides was championed from another angle by Sidera.

WHAT IS SIDERA?
Sidera is one of such blockchain platforms we have seen alongside their ICOs. It however brought new adaptations to the platform by focusing on a yet-to-be applied area – wearable devices. There are about 6 billion persons trading on cryptographic currencies but sadly, these persons are yet to get maximum benefit from their input. Since cryptos cannot be used as fiat payment, their major use is limited to purchasing other digital currencies. That was the basis for Sidera. The platform is working in tandem with latest innovations in IoT.

FEATURES OF SIDERA
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Sidera features impressive features and the most outstanding is SmartBit. SmartBit comes in form of a smart watch/wearable device and from the device; you can easily trade on any ERC20 token compliant currency and Bitcoin as well. With recent waves sparked by IoT, Sidera’s Decentralized Wearable Devices that have being embodied in SmartBit will go a long way in easing cryptographic trades.

First, users will be availed mobility of funds since they can transact even when offline. Through the wrist-to-wrist proximity feature, transactions can still hold between available SmartBit watches available at the time.
Another amazing thing about SmartBit is its full decentralization and portability making it the first digital wallet with hardware underscore that can be worn on the wrist.

Transact on Ghost Mode
It is common knowledge that transactions over the blockchain are encrypted and save for few scenarios where such are publicized; every transaction detail lies with end-users. SmartBit, the wearable digital wallet pioneered by Sidera is looking at ways to protect transactions.
Mention had being made that the set of devices under SmartBit will be wearable such as wristwatches. Though a great innovation, there’s tendency that transactions can get compromised. To this end, Sidera came up with a new outlook called Ghost Mode. With this, contents in your wallet from transactions to account details will disappear from the device’s screen and what prying eyes will be fed with is a mere wristwatch. These details will be stored away in a special layer that can only be accessed by the user.

Wearable Exchange
Current cryptographic exchanges are hinged on the on the blockchain for transactions. With the concept of wearable wallets by this project, there is tendency that posers will arise with regards to exchanges to be used. Sidera already has solution to this and is hereby introducing the first wearable exchange called Continuum. Continuum will be run on available SmartBit devices and being a decentralized wearable exchange, transactions can be facilitated at the tap of a button. It would also run on Sidera’s hybrid blockchain and will work in tandem with the EQUOS coin for faster payments and reduced costs. On the other hand, Continuum is touted to process about 500,000 transactions per second.
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Conclusively, sidera is bringing remarkable revolution to the blockchain and Point of Sales industry. Since cryptographic currencies cannot be in same boat as fiat, the wearable device comprising the hardware wallet and exchange will be one out of Sidera’s unique inputs towards commercializing cryptos. To this end, you can easily walk-in to your favorite mall and pay with your SmartBit device at the tap of a button.

TOKEN SALES INFORMATION
Ticker: eQUOS
Platform: Ethereum
Exchange Rate: 1 eQUOS= $2 USD
Token Supply: 51 million
Soft Cap: $1.5 million USD
Hard Cap: $15 million USD
Accepted Currencies: Fiat and ETH
Country: Lithuania
Restricted: China, USA

For more information about Sidera, kindly visit:
Website: https://sidera.io/
Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
Facebook: https://www.facebook.com/siderablockchain/
Telegram: https://t.me /sideraofficial
ANN Thread: https://bitcointalk.org/index.php?topic=4756894.msg42969261#msg42969261
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350

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