Medipedia is a one of its kind blockchain solution to the difficulties and corrupt practices prevalent in the medical tourism sector. Medical tourism is still in its infancy and marred by brokerage and trust issues. Medipedia delivers an ecosystem that facilitates an innovative total solution in the field of medical tourism and services.
The lifeline of the Medipedia’s blockchain centered solution for the Medical Tourism sector is its Medipedia (MEP) Token. The token is based on the ERC 20 standard of the Ethereum blockchain also popularly known as BlockChain 2.0. In this blog, we delve deep into how the MEP token is different from the Bitcoin or the BTC.
How is Medipedia Token (MEP) Different from Bitcoin (BTC)
More Advanced
MEP token draws its prowess from the Ethereum smart contracts. Ethereum blockchain which was released in 2015 is much more advanced than the Bitcoin’s blockchain. The Bitcoin Blockchain is purely for financial transactions. But the Ethereum blockchain enjoys varied applications.
Transaction Time and Fees
This is where MEP scores over BTC. While BTC transactions take minutes. MEP transactions are completed within seconds. MEP transaction requires payments in Ether. This is much cheaper than Bitcoin transaction fees.
Ideal for Medipedia Ecosystem
Bitcoin serves only one purpose i.e eliminating third parties in transactions. BTC cannot deliver an ecosystem that solves real-world problems other than transactional.
MEP uses Ethereum smart contracts which makes the development of the Medipedia dApp easy and secure. MEP eliminates the role of the third party in procuring Medical Services. Say for example John needs a heart transplant and the best medical service that fits his budget is in Bangalore, India. However, John is in Mexico and not aware of the process as well as the credibility of the Medical Institute. This is where MEP smart contracts hold their advantage. While BTC can only be used to make payments. MEP smart contracts will have conditions that fit as per the need and demands of John. Only if the needs and demands are met will John be charged or the MEP transactions would self-execute themselves. The role for false negotiations and third-party meddling is completely eliminated.
Finance and Exchange
MEP token enjoys more use cases over the BTC. Moreover, Ethereum environment for the MEP token enables it to be used for conventional finance transactions also.
- MEP tokens support all crypto wallets of the ERC20 standard.
- MEP tokens can be exchanged for other ERC20 standard tokens. This multi-purpose value of MEP makes it one for all smart contracts coin.
- MEP will enable users to procure services of other dAPPS.
- MEP can be traded across major crypto exchanges.
In conclusion, we can say that, while BTC is primarily served as a manual payment technology. The MEP token enjoys multiple real-world applications provided the smart contracts condition are met. Moreover, because of its flexible nature as well as security (contracts cannot be altered), MEP stands to gain more widespread acceptance upon launch.
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