INTRODUCTION
The need for decentralisation came through as a buffer against the control of the central authorities that handled the major exchange operation. But as soon as decentralisation was possible, that problem no longer became a threat to the traders. The new style of trading in a decentralised fashion also has a cost which was not easy on participants even though it was giving the outcomes needed and highly cherished by the people. That is not just the only problem faced in the cryptomarket, traders also face so many risks and have not totally obtained freedom from the centralised authorities even though a level of decentralisation is available. Security amongst all other feature is also lacking such that the only network that can be turned to for a solution is Localcoin.
WHAT IS LOCALCOIN ?
This project is created to enable investors to use a reliable trading network where their desire for effective trade can be satisfied with a zero fee cost. This platform is quite different in the way it operates in market because it was created with a different technology that has a higher reputation than that of other existing exchanges. The difference is seen in its very friendly platform that gives all members a sense of responsibility as a democratic network, rewarding all those that are involved and steadily adopting its innovation. All the traders in it will get familiar with the type of transactions it supports. This operations will include different cross chain transactions between two parties using a different protocol, all local operations that are done with the same cryptoassets in the same platform and those are done with different assets in different networks as the situation maybe.
THE FEATURES OF THIS PROJECT
• This platform has a multi purpose wallet for all the social functions that includes payments, services that requires funds and also to protect the chats of users. This wallet is more like the social media account of the users in this platform. All tokens can be stored here before they are used for whatsoever purpose they should serve.
• The need to create the perfect and unique regulatory framework in the community will start after the token sale of this platform.
• Localcoin provides banking services of a decentralised bank and provide secrecy in its services. The facilities are available such that the wallet serves as the user's account.
• This play is highly social and that has led to the creation of both group chat and individual chat groups for effective communication and chats that can be private if users want them to be.
• An over the counter type of trade is enabled such that third parties are absent when it is to be done. This type of trading is not always supervised and yet it brings the perfect liquidity, safety and transparency in services. As a consistent user or trader, you can eventually create an ICO and all other activities surrounding the creation of new token easily within a time span of 5mins. Transactions cannot be traced when initiated because they are protected by encryptions.
CONCLUSION
Localcoin supports mining through the available nodes as a means of supporting the platform. It allows easy connection to users socail media accounts or pages to enable the sharing of the platform on their pages to invite others to join.
USEFUL LINKS;
Website: https://localcoin.is/
Whitepaper: https://localcoin.is/downloads/LocalCoinBlockchain.pdf
Wallet: https://wallet.localcoin.is/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5125670
Discord: https://discordapp.com/invite/vzxSzYNj
Medium: https://medium.com/@localcoinis
Twitter: https://twitter.com/LocalCoinIS
Reddit: https://www.reddit.com/user/LocalCoinIS
Golos: https://golos.io/@localcoin
VK.com: https://vk.com/localcoin
Join TelegramGroup: https://t.me/LocalCoinIS
Medium: https://medium.com/@localcoinis
AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697