Cryptocurrencies have come a long way from being something only a handful of computer geeks knew about to being perhaps a legitimate successor for currencies the world over. Currently, all cryptocurrencies are valued at $589 billion and that number is expected to grow exponentially as people start understanding what medium of currency this is and how it has some unique advantages over other non-crypto currencies.
Advantage and disadvantage
The struggle in the cryptocurrency realm is the advantage/disadvantage offered by its most unique trait, decentralization. Decentralization simply means there is no central administering authority. This results in exceptional speeds of the transaction with almost no overheads. The downside is a massive concern for stability (of the cryptocurrency). Cryptocurrencies have been very volatile in the past due to this.
The role that AGATE is playing
AGATE recognizes the future with cryptocurrencies and has assembled a team of experts with over 20 year’s experience in the payment industry. Together, they have designed a platform that offers many unique advantages to its users!
Size: AGATE has also tied up with numerous merchants and e-commerce websites globally to be able to conduct transactions within a very large ecosystem.
Complete integration with liquid equity: AGATE allows almost instantaneous transfer of cryptocurrency to a liquid equity. This is important considering that merchants have been slow to pick up and trust cryptocurrencies and this move will enhance their trust.
Speed: AGATE is capable of handling many transactions in record time. You can transfer their iFiat to a debit card and spend immediately or they can transfer their iFiat to a local bank in 25 currencies and 50 countries, instantly!
More benefits from AGATE
Low transaction fees: One of the biggest advantages of all cryptocurrencies is their almost throwaway transaction fees, but AGATE has managed to lower its transaction fees further. This is possible because the entire chain of transactions will be occurring on AGATE blockchain exclusively.
Least energy usage: The process of ‘mining’ information on large blockchains consumes a huge amount of energy. AGATE has tried to remedy this issue by using Proof of Stake (PoS) mining which has the least energy requirement rather than the Proof of Work (PoW) mining method which has a huge energy requirement. This, in turn, ensures a more stable ecosystem for the cryptocurrency along with a reduced energy imprint.
The platform supports multiple cryptocurrencies: AGATE allows for a variety of cryptocurrencies (including the AGATE Token) to be used and transacted on its ecosystem. This ensures speed of operations and allows a user to avail the many cryptocurrencies available out there in absolute safety. Safety is assured because all transactions will occur on the AGATE Blockchain exclusively.
Read the white paper here.
Name: Hamed Taghvaei
TG Group: https://t.me/AgateChain_Group