Vitznau, Switzerland – Counos was officially announced In July of this year. This promising decentralized network is set to provide users with an assemblage of unique cryptocurrencies designed for the different activities within the liquid economy, initially starting from four currencies: Counts Coin, Counos Cash, Counos Gold, Counos Silver.
The different levels of utility include methods for the acquisition of goods and services online, while also functioning as an exchange payment system with the convenience of handling through a digital wallet that does not involve the control of third parties.
According to the AccessWire is emerging as a system that could finally close the gap between users of decentralized systems and regulators, central bankers and experts, thanks to an innovative premise: eliminate extreme volatility and the ambiguous notion of value to through strategic partnerships.
The anti-inflationary ecosystem
Last year there was a huge bubble that affected the most popular currencies, Bitcoin and Ethereum. Both crypto-coins experienced considerable growth that generated controversy and expectation in equal parts. The first was at the door of $ 20,000, and the second exceeded $ 1,200 without problems.
After the puncture of this bubble, prices began to plunge until they ended-up sunk today around $ 3,500 in the case of Bitcoin and $ 120 in the case of Ethereum. Experts expect derivative currencies to continue their steep decline in the upcoming months.
In contrast, with the purpose of ensuring stability, Counos bases its proposal on a native blockchain protocol, strategically backed by measures of the traditional financial system. The enterprise will use an anchored fractional reserve method, where its currencies will have an equivalent in fiat deposited in regulated banks; without this posing a threat to its decentralized concept or liquidity.
An inside look into Counos’ core engine
According to spokespersons, the Counos protocol will allow the transactions to be validated in a time-frame of 2 minutes and 30 seconds, which dramatically improves the digital processes and enables users to create, authenticate, and manage their own listings. Currently, the standard interval for confirmation is at least 10 minutes -a space where they could not be reserved until another chain of blocks is incorporated. Additionally, the time stamp server of the Swiss platform generates a permanent record, where each user can track the transaction history.
Also, these actions would not only be supported by digital verification and reasonably low fees, but also a commonly associated utility level with resources like gold.
The decentralized protocol
Previously, one of the most significant flaws of Blockchain to solve financial services problems in emerging markets was to deal with regulatory agents, identity management, KYC, economic history, etc. In Counos, the developers launched to the mobile PC market, a user-friendly that uses the scanning of QR codes to execute transactions more conveniently.
As the different assets are acquired in Wallet, the general adoption is expected to increase, since this aspect greatly facilitates the entry of new actors.
- Counts Coin: 16,800,000 coins are extracted, and alpha can extract the rest of the final 21,000,000 coins.
- Counos Cash: At a constant price of 20 Swiss francs.
- Counos Gold: Equivalent to one gram of gold Coin in Swiss Box.
- Silver Counos: Silver would deposit in Swiss banks to support the currency.
- Counos E: Its clearance is founded on Euro, equivalent to 100 Euros.
- Counos U: Equivalent to $ 100.
- Counos CAD: Equivalent to 100 CADs.
Each of them will have a limited supply of 21,000,000 coins and will be available in cold storage.
Since it’s not an ICO, Counos – developed by the company CSC Int. Limited – provides an innovative component to the saturated crypto landscape.
Additionally, leaders responsible for the network firmly believe that it has an infrastructure robust enough to work the problems and limitations that have plagued the previous exchange platforms and surpass the expectations of the current market.
For more information, enter Couno’s official website: https://counos.io