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Cryptocurrency is evolving to be the best form of money for the 21st Century civilization, fully rich with abilities to carry out transactions securely and anonymously from any part of the world, makes cryptocurrency the future of money. Since 2009 different forms of cryptocurrency have emerged into the market with others being very useful to the general users while others have a definite specific purpose. Those with the general usage have surged in prices to unprecedented levels and have been adopted on a bigger scale. But nevertheless every cryptocurrency is useful in the community who has a consensus on it.
The need for a solution to best harmonize the differences between the thousands of cryptocurrencies have never been answered at least not to a half of what the market demands. A series of cryptocurrency exchange platforms already exists with others attempting to incorporate a variety of cryptocurrencies under one platform as well. But a lot of flaws and unnecessary malfunctions and user dissatisfaction are being reported by users of these exchange services. Anomalies ranging from server blackouts for very long hours, causing users to lose millions of dollars to a full takeover of customer deposits by malicious hackers have recently hit a series of existing cryptocurrency exchange service providers.
Streamity is a well thought project with some of the most prominent brains on the international cryptocurrency scene carefully knitting its algorithm one patch at a time. Streamity aims to transform the cryptocurrency exchange ecosystem and redefined the already lost glory of lightning speed transaction at the lowest cost cryptocurrency once had. Streamity at the same time will take cryptocurrency exchange to the next level by implementing a community choice token, the Streamity Tokens (STM) which will also be used for all transactions within the Streamity network. The STM tokens will be available for exchange to any of the major cryptocurrency. The platform will add the major Fiat Currencies traded worldwide.
One of the most important selling points of the Streamity project is the improvement of cryptocurrency transaction propagation speed. The project has devoted a great deal of resources to develop and test its solution to this problem. The Streamity team knows what cryptocurrency users want in terms of transaction speed and has gauged the market capacity to be below consumers demand. The project has designed a record breaking smart contracts applet - the Streamdesk aggregator - that will ensure cryptocurrency exchange to Fiat without involving intermediaries. This way transaction can be trajected without incurring any unnecessary delays and costs at any third-party intermediary like other exchanges do, this has enabled Streamity achieved lightening speed transactions.
Streamity will engulf all the cryptocurrency listed on the market on its platform and live feeds of market data for all the listed cryptos and companies will be transmitted in real time. Converting any of the cryptocurrencies listed on the platform to another would be carried out instantly, efficiently and securely on the Streamity platform.
Streamity was built to resurrect the low fee transactions capabilities cryptocurrencies were once known for. Case in point on Localbitcoin transactions which currently cannot be confirmed even for transactions amounts as high as $33 making cryptocurrency lose its meaning of enabling the propagation of low to zero fees on small transaction.
Streamity has designed a hacking proof smart contracts secured transaction lane where all the transaction streamings through the platform will flow. This has been made possible firstly by incorporating the Ethereum introduced smart contract service into the transaction processing algorithm. Since smart contracts alone do not ensure complete transaction security of the transaction stream fluxing through the system, as seen from recent mistakes that saw about $300 million locked away in Ethereum smart contracts by an anonymous user unknowingly.
The Streamity developers have added yet another brilliant security feature - the timing Control. The timing control algorithm shall allow transaction to be added on to a smart contract within a specified period of time else canceled and reverted to the initial user. Coupled with a user verification system Streamity can achieve the next generation of transaction security on it’s upcoming platform.
This post was last modified on (Eastern Time): 24/06/2019 08:37