Cryptassist is created with the vision of making cryptocurrencies usable in our daily lives by creating a platform which serves as a hub for an abundance of daily usable features that are needed at different capacities by everyone.
Technology
Blockchain: The Blockchain technology is the main infrastructure of the decentralization era and the cryptassist platform will be built on Blockchain 3.0 using DAG based algorithm.
Why Is DAG Needed?
Bitcoin's Blockchain 1.0 is the first ever Blockchain. This blockchain is fully decentralized, very secure, however, it is posed with the problems of slow TPS (Transactions Per Second).
The Ethereum blockchains is a second generation blockchain "Blockchain 2.0". Ethereum blockchain remains highly secure while it is able to scale to speeds of about 25 TPS but this is not near enough for mainstream adoption of cryptocurrencies.
For the purpose of comparison, Paypal runs transactions at about 193 transactions per second but that is not enough for a crypto project because, it is not only payments that are seen as transactions on the blockchain, and on-chain actions executed on different on-chain applications are seen as application transactions.
Thia means for easy daily usage of cryptocurrencies, there is a need for an infrastructure capable of scaling to thousands of transactions per second.
The Bitcoin and Ethereum blockchains operate on the POW consensus, which node not only synchronizes the whole blockchain on every node but also stores all the transactions happening at any single time on one block. This is cumbersome and it takes minutes for new blocks to be created in the Blockchain which contributes to the very slow transaction speed of these blockchains.
What Does DAG Offer?
DAG Direct Acyclic Graph is a system adopted and combined with the blockchain to create a system in which different types of transactions will be running concurrently on different blocks making the creation of new blocks quicker, and transaction speed faster.
With the DAG algorithm, cryptassist is able to scale to a speed of 3500+ TPS.
Cryptassist Top Features
Cryptassist Debit Card: The debit card is a key feature of the cryptassist platform and one of the most important features. This allows users to convert their cryptos into CTA which is then converted to fiat on the debit cars. This card can be used by users all over the world at shops, store, online/offline malls and ATMs where Visa and MasterCard are accepted. Like I said in the previous article that this debit card represents the closest physical thing that represents a person's crypto assets. This makes cryptocurrencies liquid like never before.
Cryptassist Exchange: This is a fully licensed exchange which is going to function like every other cryptocurrency exchange with the major cryptocurrencies being traded on it. Users will gain access to this exchange once they are logged into the cryptassist app.
Cryptassist will, however, offer a discount of 50% in trading fees to traders when they pay with CTA tokens. This exchange is enabled for both fiat and crypto deposit and withdrawals, unlike other exchanges that only allow deposit and withdrawal in cryptocurrencies. This also provides easy liquidity for the users of the platform.
Cryptassist Multi-Coin Block Explorer: This is another innovative feature of this platform as it recognizes and solves a problem that crypto users currently face and that is using multiple blockchain explorers to track their transaction histories.
For example etherscan.io for Ethereum and ERC 20 tokens, Blockchain.info for bitcoin and bitcoin cash etc. Cryptassist integrates all these explorers on a single platform in order to save users time.
There are lots of other exciting features that this project has integrated onto their platforms like Cryptogo, ICO assistant and many more which can be found on the project's whitepaper and their other official blogs. Visit the links below for further readings and to join the social media communities.
Official Contacts
Website: https://www.cryptassist.io/
Bitcointalk: https://bitcointalk.org/index.php?topic=4553885.0
Telegram: https://t.me/cryptassistcoin
Whitepaper: https://www.cryptassist.io/assets/downloads/whitepaper.pdf
Medium: https://medium.com/@cryptassistcoin
YouTube: https://www.youtube.com/c/CryptAssistCoin
Reditt: https://www.reddit.com/r/CryptAssist
Facebook: https://www.facebook.com/CryptAssistCoin
Twitter: https://twitter.com/cryptassistcoin
Instagram: https://www.instagram.com/cryptassistcoin/
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STOPTo support your work, I also upvoted your post!
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Awesome work done here. A lot of exciting features Cryptassist has. This review has helped exposing them.
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Glad you find the features exciting.
This project is capable of making cryptos usable in our daily lives.
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Great to see that cryptassist is exploring DAG. Good review
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Cryptassist is capable of attaining 3500 TPS which ia the type of speed needed for mainstream crypto usage
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