Blockchain is a data structure that enables identifying and tracking transactions digaitally and sharing information across a distributed network of computers, creating in a sense a distributed trust network. It is a peer-to-peer network of computers to validate transactions. The Blockchain is the basic technology behind the bitcoin which has come with great advantages over the fiat currency like :
Transparency: The transaction records on the Blockchain are made visible to everyone
Decentralisation: The Blockchain is hard to corrupt because its data will be available to each node of the system and for any update or change, every node must verify that change.
Security: In the Blockchain technology, every transaction requires a key. The data has been so encrypted and save into blocks for verification and this process makes it secure as each node must very the data.
With the Smart contracts as the second generation of the Blockchain, it allows the developers to customize their own program that are hosted on the Ethereum virtual machine or similar Blockchains.
But has something ever come with an advantage without having any disadvantages??
One of the major problems facing the Blockchain technology is the lack of proper security when protecting cryptocurrencies and private keys. As we all know that the in blockchain technology, every transactions requires a key and that is it advisable to store those private keys for ones wallet in a secure place and not anywhere online like email and others as they are subjected to cyber attacks because the moment a cyber criminal get hold of your password, one can probably lose his funds.
Another major issue that is rely affecting the wide range adoption of the Blockchain and cryptocurrency is the lack of ability to convert Cryptocurrencies to fiat currencies (Traditional currencies like Pounds, Naira and the likes) in a more faster and convenient way.
The Ecomi aim to be a lasting solution for data protection, security, user-friendly interactions and the ability to easily make use of your cryptocurrencies
ECOMI is a security, economy, and digital ecosystem, which utilizes blockchain technology in three primary areas – Protection of private keys, real-world cryptocurrency payments, and the exciting new world of digital collectibles.
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Ecomi Ecosystem
The Ecomi ecosystem is embedded with variety of decentralized application that will help put a stop to blockchain security challenges by securing private keys on the Secure Wallet or the Ecomi One.
With the use of the Secure Wallet, Ecomi One, all private keys for Cryptocurrency and decentralized application will be saved offline . Hence, creating a second layer of security unlike any other ecosystem in Blockchain.
The Secure Wallet
The Secure wallet is the foundation of the Ecomi Ecosystem, it's a hardware device that protects cryptocurrency private keys and digaital assets
The secure wallet is not connected directly to the internet and therefore will limit cyber attacks. It also comes with great features like the Ability to create create up to 5 individual wallet per cryptocurrency, it provides control over transfer of private keys and it is a safe and secure storage.
The video below will put more light
The Ecomi One
ECOMI One is your credit card sized bank. Built on top of the impressive Secure Wallet technology, ECOMI One will securely hold your cryptocurrencies, fiat, NFC-enabled cards, and full banking services
The time required to convert cryptocurrencies into fiat currency and make it available to be used for normal needs is highly alarming and no one has that time to spend. But with the Ecomi One, the holder can spend fiat and cryptocurrency using contactless methods with the integrated debit card that is accepted where other debit cards are accepted.
Ecomi Exchange
The Ecomi Exchange aimed to make the use of cryptocurrencies simple for new users by allowing Ecomi One card holder to spend their cryptocurrencies the same way as a regular credit or debit card.
With the Ecomi One Platform, users will be able to set the default cryptocurrency for fiat purchase and will also have the option to converting Cryprocurrency to fiat money at any time, to be stored on Ecomi One for later use.
Token Utility
The OMI token will be available for use in the Ecomi Ecosystem to access application
More information about Ecomi can be gotten from
Website
Whitepaper
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