CASHBERRY COIN – DECENTRALIZED CRYPTOCURRENCY MARKETPLACE

The cryptocurrency concept was introduce at a point in time where we were all giving up and losing hope in the failing traditional financial systems. The increased occurrences of frauds, and masked monopoly led to an increased perceived risk. Sure, the unarguable fact is that the cryptocurrency wave is sweeping the industries. Many sectors seek for the deployment of the various features into their working operation. But one salient observation is that the technical issues are yet to be resolved.

CRYPTO CHALLENGES

SNAIL SPEED TRANSACTIONS

: Initially, the blockchain technology was meant to be perceived as a solution for high security transactions and high-speeds. As it stands, that isn’t the case anymore. The amount of transactions that most systems can currently handle are limited to a meagre few. Hence, there always seems to be a clog in the system due to queued up transactions waiting to be serviced.

COST OF TRANSACTIONS

For peer-to-peer networks, the cost of carrying out transactions is quite on the high side. For the Bitcoin patforms, transaction fees could soar up to thirty-two dollars ($32) for single peer-to-peer transactions. For the Ethereum-based platforms, transaction costs are usually calaculated with respect to how difficult the transactions are. Yet still, these fees are quite the typical rooftop rates.

THE POW ALGORITHM AND ACCOMPANYING ISSUES

One of the key elements of possible decentralization being offered by the Blockchain technology lies in the protocols it runs one, one of which is the Proof of Work (PoW) algorithm. It is a consensus protocol that is usually deployed to safeguard systems against the threat of cyber-attacks.
However, this hasn’t been too effective due to several challenges that have plagued the system. Some of these lie in fundamental activities such as the mining operations needed to enable simple transaction activities. For the solving of the very complex equations involved in coin mining, an enormous amount of power is consumed. All these in the long place lots of pressure on digital currencies, due to the fact that payment for these amenities are still being made in fiat currencies.

THE CASHBERRY ECOSYSTEM

The Cashberry platform is a simple one that offers basic functionality that is expected of a platform, support adequate reliability. Flexibility and convenience on the platform play a key role in customer attraction and subsequently retention.
Players on the ecosystem include the customers and the merchants all encompassed within a community and linked by the exchange market. Payment for goods and services could be made using cashberry coins by all users and partners of the ecosystem.

ADVANTAGES OFFERED BY THE CASHBERRY PLATFORM

DECENTRALIZED PLATFORM::

One very important feature of the Cashberry Ecosystem is the fact that it is a decentralize network upon which secure transactions could be carried out. The combination of the Proof-of-Work and Proof-of-Stake algorithms is a significance of the decentralization of the platform. Also, the manner in which currency is being distributed and regulated atop the platform is another element of decentralization present on th system.

IMPROVED SPEED OF TRANSACTIONS:

Despite the fact that the transaction networks are heavily laden with loads that it probably might not be able to bear, yet still, the Cashberry platform attempts to offer an improved speed of transactions.

TEAM AND ADVISORS

The ingenuity of this project can only be credited to the dedication of the team members and is in concomitance to the amount of work put in by each respective member of the development team. Being experts in their respective fields, they have contributed each of their quota in ensuring the work comes out perfect.

Roadmap

CONCLUSION

For the cryptocurrency concept to be fully accept by the general public, there must be key implications that have to be adequately deployed to offer a robust system that would stand the test of time and technical threats. The Cashberry platform is attempting to offer such solution.

check out the links below:

Website: https://cashberycoin.com/#wallet
Whitepaper: https://cashberycoin.com/wp-content/uploads/2018/06/CBC_WhitePaper_EN_V02.pdf
Bitcointalk ANn: https://bitcointalk.org/index.php?topic=4837182
Medium: https://medium.com/@cashberycoin
Twitter: https://twitter.com/cashberycoin
Telegram: https://t.me/CashberyCoinChat

Writer: Ambiti0n
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2192942;sa=forumProfile

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