Security of assets within any platform can't be overemphasized, as it goes a long way to indicate how far the platform will go. That is to say, the foundation on which the said platform is built on matters a lot. Was it built on trust, reliability, transparency etc or not? This is what can be attributed to blockchain platforms.
Platforms which leverages blockchain technology will offer the aforementioned while the reverse is the case with others.
As earlier pointed out, security of assets matter a lot and blockchain technology offers this efficiently as it is one of its attributes; an attribute known as decentralization. Through this, setting blockchain platform aside than centralized platforms, the perfect example is the e-commerce platform.
E-commerce Industry has been growing these past years and it remains very clear and an indisputable certainty of the increases and commitments this type of venture has brought to the world. These online businesses since inception till now have adopted the fiat currency as a type of payment and there are capable and efficient fiat based payment processing systems and facilities which makes fiat based online payment processes a success.
However, with blockchain thus cryptocurrency and accompanied by its advantages, e-commerce platforms will receive this currency as a type of payment but yet study has shown that there are limitations or no crypto payment processing systems efficient enough which would help them accept and process crypto payments made by their customers.
The absence of e-commerce targeted Crypto payment processing systems remain one of the limitations which has hindered the adoption of cryptocurrency not only in e-commerce but in other applications.
CHIMPION: THE OUTSTANDING E-COMMERCE PLATFORM
Blockchain technology made cryptocurrency possible and thus remains one of the technologies that its advent has revolutionized all sectors of human endeavour. The development of Chimpion blockchain platform is aimed at speeding up the wide adoption of Cryptocurrency as a means of payment or settling of budgetary exchanges.
The Chimpion e-commerce cryptocurrency platform provides a simple however most efficient crypto payment processing system which will seamlessly connect different e-commerce services to its blockchain network so as to help the merchants to process and accept crypto payments from their customers. The Chimpion blockchain permits e-commerce platforms operating on its network to set any cryptocurrency of their choice as their base currency notwithstanding the arrangement of funds transfer settlement services which ensure that transactions between buyers and sellers are adequately carried out with the appropriate requirements.
In the same way, for assets security, Chimpion offers wallets to their customers so that they can store their crypto funds just as the arrangement of real-time cryptocurrency exchange price update on their e-commerce storefront applications.
Chimpion And Blockchain
The distributed ledger technology is a transparent ledger and one of the features of blockchain technology and it is equally a well-established reality that before any record is added to this distributed ledger, there needs to be an agreement by the nodes of the blockchain network.
The Chimpion blockchain makes use of a consensus algorithm known as dPoS consensus where nodes that will earn directly validate or include a new record which will emerge through the number of stakes(cryptocurrency) it can flaunt and additionally by using a voting process carried out by members of the Chimpion blockchain who stakes thus participating in the nodes. This type of consensus algorithm helps to remove the imposing business model witnessed in the PoS algorithm whereby nodes with the highest stakes in crypto can just validate records without being subjected to a voting process as required.
CHIMPION TOKEN MODEL
The Chimpion ecosystem is being powered by a double token economy system – CHIMP and BNANA.
CHIMP is used to promote the services within Chimpion e-commerce merchants. Chimpion achieves this by rewarding e-commerce merchants who receive Chimpion cryptocurrency in their online or e-commerce exchanging platforms.
On the other hand, buyers who hold BNANA token stands a chance of getting incentives such as reduced fees, promotional offers etc when they make purchases with CHIMP or some other cryptocurrency.
Furthermore, BNANA will have a total supply of 100,000,000,000 and will be based on EOS blockchain convention.
USEFUL LINKS
Whitepaper: https://www.chimpion.io/whitepaper/
Website: https://www.chimpion.io
Telegram Group: https://t.me/chimpionio/
Facebook: https://www.facebook.com/Chimpionio/
Twitter: https://twitter.com/chimpionio
Bounty0x Username: Stony
Congratulations @aaaadeny! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit