INTRODUCTION
In the modem world, technology has really done some great innovation to make the world really amazing and more enjoyable. Just imagine life without modern technology and gadgets that we have in the world at the moment? In recent times, people have come to appreciate the world of technology and the benefits that comes with it. This has made many technology experts to be more innovative and bring up more interesting ideas to make life more comfortable to many people in the world. When it comes to such innovations, blockchain technology cannot be left out.
There are many projects that are springing up which predominantly based on blockchain technology to provide solutions to the many challenges confronting humans across the globe. There are great evidence that many vital sectors that can be projected with this amazing technology. Likewise, the world of cryptocurrencies is one of the important areas to achieve this great mission. Money has always been with humans since ancient times. One important aspect of money has to do with how people store or save for future use. For personal use, many people mostly keep their money in their wallets.
USDX is one of such classical innovation to ensure that cryptocurrencies are projected to the world with the aid of blockchain technology.
ABOUT USDX
USDX is a cryptocurrency which is valued as the US dollar and hence a stablecoin that makes use of Lighthouse Blockchain. This blockchain network
issues USDX tokens by making use of LHT coins as a collateral. A smart contract is available to ensure that each USDX token is guaranteed with at least 200% worth of LHT coins with reference to the current market price of to LHT. In simple terms, at least 200% backing of each USDX by LHT secured. Whenever the price of LHT drops, Lighthouse Blockchain will consequently add more LHT coins in conformity with the terms in the smart contract. In the same vain, whenever the price of LHT increases, it implies that collateralization of USDX will also be more than 200%.
CHALLENGES WITH MANY CRYPTOCURRENCIES
There are many challenges affecting many cryptocurrencies hence there is the need for more projects with stablecoins like USDX wallet to come on board since most cannot be used effectively in daily transactions. For instance, many cryptocurrency enthusiasts are faced with tedious task of keeping record of many wallet addresses. Many of these addresses are easily susceptible to many challenges such long phrase and typographical errors on the part of users.
Aside the issue with the wallets, there are challenges that comes with keeping private keys safe and secure. This is sometimes stressful for most cryptocurrency users.
Even after keeping the wallet safe, there is high volatility on the crypto market which is affecting mass adoption of cryptocurrencies in many parts of the world.
There are also problems that comes with high charges on transactions irrespective of the amount involved.
There is also a serious challenge of low speed when transactions are initiated. This is highly unaccepted in the modern world, where everything is moving at a great speed.
SOLUTION BY USDX WALLET
To help solve the many challenges affecting various cryptocurrency , users that USDX is designed as a stablecoin which would not be affected by the high volatility on the market.
USDX Wallet is designed to be a solution for everyday payments. Providing a bank for those without one, it features global availability, multi-level security, an immutable ledger of transactions, and extreme convenience along with lightning-fast remittances. The presence of a price-stable currency and zero in-system fees encourage wide adoption of USDX Wallet.
Interestingly, there is an ongoing airdrop, get involve now through this link; USDX AIRDROP
Get more information by visiting the links below;
website : https://usdx.cash
Facebook : https://www.facebook.com/USDXwallet
Telegram : https://t.me/USDXwallet
Twitter : https://twitter.com/USDXwallet
Instagram: https://www.instagram.com/usdxwallet/
**PROOF OF AUTHORSHIP **
Telegram username: @pretty4grace
Interesting times, we need more stablecoins on the market.
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