Agate is the newly decentralized blockchain and comprehensive crypto infrastructure for everyday banking and merchant transactions that is here to revolutionize the crypto-economy by overcoming several shortcomings associated with other similar crypto platforms include volatility. It’s a complete set of decentralized blockchain that comes with two mobile apps, an ecosystem, API suite, add-ons, plug-ins and a physical POS terminal which together create a complete platform for everyday banking and gateway to connect developers, users and in-store and online merchants to the crypto-economy.
Unlike the other crypto platforms that are limited to one or a few services, Agate is composed of 12 different modules to cover all aspects of a true crypto-economy. There has also been a dearth of platforms that allow the users to build their own Dapp or DAO but Agate enables the users to show their innovation and creativity using the API suite. It also manages to offer low transaction fees as compared to many other platforms by running the whole ecosystem on the Agate blockchain. Agate follows an eco-friendly way of mining by working through POS (Proof of Stake) mining, having the lowest impact on the environment as compared to POW (Proof of Work) method.
Agate also provides solutions to common problems faced by the users in the cryptocurrency world. It uses automated AI bots to enable optimal transfer of Bitcoin, Ethereum and other coins to iFiat, so that the users get the best spending value for their crypto assets. It also provides a convenient solution to manage multiple coins through the Agate’s multi-currency wallet app where the users can manage up to 17 coins and tokens from different blockchains. With the innovative new Agate blockchain, the transaction settlements will be faster than ever.
At present, Agate accepts five major currencies that are Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin and plans to increase the number up to 17 in the near future. Unlike the other similar platforms with slow transaction settlements where the providers take days to pay the merchant, Agate iFiat Ecosystem enables immediate fund transfers for the merchants. The platform also allows the transactions back to cash so that the merchants can transfer to fiat money quickly for everyday use in their business.
In addition, Agate is working with an aim to boost the horizon of the whole crypto-economy by integrating with a wide number of in-store merchants and e-commerce websites globally who accepts cryptocurrency payments.
More information about the same can be found at agatechain.org.
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