The majority of companies out there are looking to adopt blockchain technology for the sole purpose of making sure their businesses go to the next level. As we already know, blockchain technology has managed to solve issues that were rampant in the conventional payment systems.
For instance, traditionally, it is very tedious and costly to carry out cross-border transactions. This procedure requires one to pay incredibly high transaction fees as well as tax which altogether adds to the client’s expenses. Cross border payments are very common mostly for companies that are well established since they have to trade with other companies overseas and thus most businesses out there are after a solution which could potentially eliminate such additional expenses.
The creation of blockchain technology back in 2015 gave businesses out there the solution they very much needed. Companies started trading in cryptocurrency and they could even do so across borders at an affordable fee. Bitcoin was the crypto to trade-in due to its very high price value and the ease which came with using it.
Later on, there emerged another crypto, Ethereum which made transactions very simple and secure thanks to its smart contracts feature. These are just two examples of blockchains but there are hundreds of others that have been created over time. As much as blockchains are the ultimate solution to major challenges facing various traditional companies, they have their own drawbacks.
The most common challenge would be that of scalability, which has greatly affected Bitcoin. There are large numbers of individuals and companies who transact with Bitcoin all around the world and at the same time, there are limits on the number of transactions that the Bitcoin network can process. This is so because of the blocks in Bitcoin, which are limited in size and frequency.
The results of this scalability issue are extremely slow processing of transactions which means that it takes a long time before a single transaction is processed on the Bitcoin network. This slows down payment processes throughout the world and this leads to the customers being dissatisfied which also means that the mass adoption of cryptos is in jeopardy.
The KAPPI solution.
However, companies out there that have adopted blockchain technology need not be worried because there is a new project which has the main goal of solving the issue of scalability and many more to ensure smooth transactions in the crypto space. I am talking of KAPPI, a network of independent and decentralized hybrid blockchains.
KAPPI functions as a network of several different independent blockchains which are usually referred to as spaces and each of these spaces are powered through a KAPPI DWARF. These features ensure that there are consistently safe and high performing PBFT throughout the KAPPI network. In terms of scalability, the KAPPI algorithm is very scalable and it can be used for proof of stake and public chains. This is the reason why KAPPI is going to become the ideal platform for companies that deal with blockchain to be able to enjoy all the benefits that blockchain has to offer, without having to endure issues of scalability.
CONCLUSION.
KAPPI is a project that any company or individual out there that enjoys using blockchain should be excited should be eager to see its success. I don’t know about you but I cannot wait to become part of this amazing project once it has been officially launched.
For More Information Click Link Below:
🔗 Website: https://kappi.network/
🔗 Telegram: https://t.me/kappi_network
🔗 Github: https://github.com/kappinetwork
🔗 Twitter: https://twitter.com/kappinetwork
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ Images credited to KAPPI NETWORK
