APPLANCER WILL SOON BE SHIFTING TO ETHEREUM PLATFORM AND ACCEPTING BITCOINS/ETHEREUM AS CURRENCY
Blockchain technology which is the most secured ledger, is spreading like a forest fire across globe for transaction. Previously, we have given insights about blockchain technology and how it works. The outcome of this technology gave birth to many e-currencies such as Bitcoins, Ethereum, Ripple, NEM to name a few. Due to their legalization in India, Applancer plans to us Bitcoins and Ethereum for all further transactions and making the transaction process bit easy in the form of e-currencies.
As we know the current transaction process is susceptible to frauds and it can be tempered by anyone, so to make the payment gateway more secured, Applancer is heading towards e-currency transactions which is most secured at present. We are going to do all transaction through Bitcoins and Ethereum which are majorly used now a day and picking trend across globe.
ETHEREUM IS A PLATFORM IN ITSELF
Ethereum emerged as a platform in itself based on blockchain technology. It provides smart contracts, Ethereum Virtual Machines and its own currency peer-to-peer contracts. They act as a medium to create more e-currencies which is a boon in present scenario. They also provide app development based on their own language “SOLIDITY” and these apps are used for financial transactions but only and only on Ethereum.
Moving on to Bitcoins, they are most sought after e-currency used by 60% for transactions. It is dominating the crypto-currency scene since long and their market value is very high. More than 2/3rd of all available bitcoins are already mined across globe and it is the most stabled e-currency present in today’s generation.
Ethereum emerged as a dark horse in crypto-currencies scenario. It came late in race but it’s popularity is gaining due to its out of the box features and applications. It is not only a digital currency but a blockchain based platform in itself. Their average block time is nearly 12 seconds which way too less than other digital currencies.
Crypto-currencies are emerging a hit because they are most secured payment option and they are legalized in majority of the countries. By using these as medium, minute transactions will be saved and verified by millions.
If we go by present scenario, Applancer’s this move will definitely give escalation to their business and they will emerge as most prominent market player as e-currencies might replace the physical currency in near future.