INTRODUCTION
We can all agree that Blockchain is revolutionary, starting from it's early days in 2009 when the first ever Blockchain infrastructure was invented by an enigma called Satoshi Nakamoto, from it's early beginning when very few people picked interest in the new technology, it has grown exponentially in the past few years, it is estimated that over 50,000,000 people worldwide are involved in cryptocurrency in one way or another.
It feels quite like magic, when Cryptocurrencies were invented it was almost worthless but by the end of 2017, the cryptocurrency market was worth almost 1 trillion dollars and the users grew so much in a short time, I think with this facts, it is safe to say that Cryptocurrencies are here to stay.
Blockchain Technology made it possible for people to make truly peer-to-peer financial transactions without any middle-man or financial institutions like banks, before the invention of Blockchain, people had to go to banks to send funds from one country to another and this is not only time consuming, it is also quite expensive but with the invention of this revolutionary technology called the Blockchain Technology and it's accompanying innovation called cryptocurrency, you can stay in the comfort of your home in Finland and send Funds in the form of Cryptocurrencies to any location in the world.
But with all the leaps and bounds that we have seen so far in Blockchain Infrastructures, there are still some fundamental problems that are being faced in existing blockchain infrastructures like the Bitcoin and Ethereum Blockchain, some of these problems includes but are not limited to:
• High Transaction Fees
• High Transaction Confirmation Time
• High Energy Consumption For Mining
I remember a time in late 2017 when people had to pay as high as $25 just for their transactions to be confirmed and some who paid low fees had to wait for days before their transactions were confirmed, This has really restricted the adoption of Cryptocurrency payments in the real world because existing Blockchains would not be able to handle the number of transactions that it would be used for.
New projects like the EOS Blockchain has tried to solve these issues but the EOS Blockchain failed in one huge aspect in it's Blockchain: It is not fully decentralised and Decentralisation is one very important tool in the heart of Blockchain technology.
These problems seem insurmountable but the good news is that I am not here to list the problems of existing blockchains, I am here to introduce you to a new and revolutionary Blockchain project I recently stumbled upon that not just promise to solve all existing problems of existing Blockchain, This Awesome Project is already doing just that because they already have a working product, the name of this project is CashBery Coin.
What Is CashBery Coin?
CashBery Coin is a new, decentralised and revolutionary Coin that that was founded to solve the problem of existing Blockchain infrastructures, CashBery aims to boost the Acceptability of Cryptocurrencies by making cryptocurrency transactions fast, cheap and more importantly, Energy saving for Miners.
Advantages Of CashBery Coin
✓ Low Transaction Fees: For Blockchain to really be a success, it needs to have lower transaction fees than Banks and other centralised Financial institutions, the brilliant mind behind CashBery knows this and they have worked towards this goal, the transaction fee in the CashBerry Ecosystem is so small and would be sustainable to worldwide adoption.
✓ Low Transaction Confirmation Time: The main issue behind the delays in transaction confirmation is Scalability, the Bitcoin Blockchain is built to handle 7TPS (Transactions Per Second) and the Ethereum Blockchain is built to handle Double that amount of transactions, when transaction exceed that amount, this causes backlogs in the Blockchain which ultimately leads to delayed transaction confirmations and high transaction fees, the CashBery Coin team knows this and they worked to make sure that the CashBerry Coin Blockchain is built to handle a high number of transactions to avoid this issue.
✓ Mining Algorithms: It is estimated that the energy required to maintain the Bitcoin and Ethereum Blockchain is enough to Power some The whole of New Zealand, this is not sustainable at all especially since Cryptocurrencies has not reached it's full potential, just imagine how it would be when Billions of people around the world start using these Cryptocurrencies, That is why the CashBery Coin Ecosystem is much more unique, it combines both the PoW and PoS algorithms in such an intricate and unique way that they balance each other out and makes Mining less power consuming.
✓ Working Product: The CoinBery Coin Ecosystem is not just a pretty project in a whitepaper, it is a project with strong community support and an already working product, The CashBery Coin is known as CBC and it is presently listed in Two exchanges and the coin is doing quite well, The CBC token is the fuel that powers the CBC Ecosystem, it would be used to pay all fees and perform all tasks in the CashBery Ecosystem.
Conclusion
CashBery Coin is a decentralized currency. It's based on the method of the initial distribution by regulated and transparent selling of coins for the future network participants who are interested in network stability and development. Secondly, that based on PoS and PoW combining. CashBerry Came at a time when it is urgently needed and CashBery Has a huge community support.
Roadmap
To learn more about this revolutionary project, 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: Collinberg
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1532780