Alchemy Review

in blockchain •  5 years ago 

Internet trading has become dependent solely on money organizations involved in the processing of electronic payments. While the framework works perfectly for most exchanges, in spite of everything, it suffers from the internal flaws of a trust-based model. They provide resources and establish authoritative restrictions. They establish and confirm symbols and annual occasions. They manage associations between countries, associations, networks and people. They control administrative and social activities. But then, these basic devices and administrations created to control them did not learn about progressive changes in the economy. They look like a busy time when they catch a Formula 1 race car.

Blockchain made the payment method simpler and faster, since the use of traditional methods, including banks, cannot work before the blockchain. The centralized method of banks makes it more complex and less fast, as it passes through an intermediary from sender to receiver. Transactions with banks are also not transparent enough, as their records are lost in the modern world.

Another disadvantage of banks is the huge fees they charge, which was cumbersome and led to many hoping to see better ones technology in the future. Speaking about future technology, the blockchain simplified the solution to these problems, since the advantages of the blockchain are much greater than those of banks. Blockchain continued to grow due to its high level of security, speed of transparency and low transaction fees.

Problems that Alchemy solves:

  • The prices of cross-border operations are extremely high, as well as a very high level of inefficiency.
  • Trust is a concern, as it is completely absent in modern electronic payments. It is impossible to complete a large number of transactions due to a lack of trust between the two parties.
  • The centralized giants of the electronic payment industry tend to offer opaque rules for both merchants and consumers.
  • Problem centralization, therefore, leads to a lack of confidentiality, and neither of the parties can be sure of security.
  • Currently, transaction processing through electronic payment systems is quite lengthy, and in some cases it causes disputes between my clients and me. This happened to me several times.
  • The following is a very long and cumbersome process of trying to reconcile with a client, and this is not what any business owner wants for his clients. The process of clearing and resolving such disputes is also disappointing.

The principle of the Alchemy project

As a decentralized open biological system, the Alchemy payment system provides access to various resources that can be sold, including, but not limited to, various cryptographic forms of money, tokens, loan payments and the goals of credit professional organizations, various types of computerized resources and monetary standards; finally, they open up alternatives to exchanges and do not limit them to one type of cash. We accept customers, and dealers reserve the right to choose what money to use for payment and repayment.

Specifications:

  • The protocol of the agreement on payments in speculative chemistry can be sequentially transmitted on various open block chains, which makes it possible to recognize any digital forms of money.
  • Adaptable models payments available to meet industry needs, including PULLPAY (shipper for customer verification) to meet a range of recurring membership-based payment requirements.
  • Scaling support, such as Lightning Network, Raiden Network, State Channel Network, as well as cross payments in cash.
  • Artificial intelligence to reduce the risk of information distortion and increase the security of the system and dynamic procedures, to protect itself from the danger of cryptographic money cost deterioration.

ALCHEMY also designed and created its own token currency, which is also based on the blockchain. The token will be used as payment services on the platform, such as protocol fees, arbitration fees and much more. The token will also be available for exchange on leading cryptocurrency exchanges.

You can study this project using the technical documentation proposed in the resources listed below. Which links, I have specially prepared for you.

Additional Information:

Website: https://www.achpay.org

Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf

Telegram: https://t.me/alchemy_official

Twitter: https://twitter.com/Alchemygps

Facebook: https://www.facebook.com/AlchemyGPS

Dendi1Love: https://bitcointalk.org/index.php?action=profile;u=2526572

ETH: 0x8f44F10eBA6C260270b4A8223D2d0bd2f170fF76

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To support your work, I also upvoted your post!

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Believe in your project! Good luck with the ICO!

Nice project. I look forward for a strong use case for this project. Certainly you guys are wonderful and hardworking towards bringing this project to reality. I look forward to the future development. I would like to read more and i will, if I found it a good project.