PayAccept. The revolution of new cryptocurrency wallet.

Introducing PayAccept
PayAccept
PayAccept is designed as multicurrency wallet.
PayAccept team is focused on bringing truly decentralized experience to all the customers on all the platforms. PayAccept technology is created with the idea of EMI-channel product which customer can access from any device he\she has.

Blockchain
Blockchain is the first and most trusted global cryptocurrency company.
Blockchain technology is becoming a redoubtable, unnerving force in today's world.
In layman’s terms, the blockchain is a virtual, public ledger that records everything in a secure and transparent manner. Unlike banks that facilitate transactions with traditional currencies, the blockchain allows the free transfer of cryptocurreny through a decentralized environment. All the data is then held in an interlinked network of computers, owned and run by none other than the users themselves.
The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

Problem of Blockchain
Current blockchains suffer from several limitations that are inhibiting usability and adoption. Overcoming these limitations will be necessary if the technology is to meet its true promise.
Some of this problem are:

1. Scalability
2. Limited Programming Ecosystem
3. Blockchain Security Vulnerabilities
4. Usability
5. Governance Mechanisms

1 ) Scalability
A completely decentralized system where financial actions that require a high level of trust. hard limits on the number of transactions that can be processed in a specified time interval. Almost all of the well-known first-generation blockchain systems have hard limits on the number of transactions.
Conventional blockchains like Ethereum are now constrained in transactional throughput because of the nature of their protocol and blockchain design. Currently, the primary design structure of most existing systems is a linear linked-list style blockchain.

2 ) Limited Programming Ecosystem
Blockchain-based smart contracts have also ushered in a new era of computational law whereby contracts are backed and agreed on by a blockchain which is unbiased and universally prevalent.
Ethereum Virtual Machine was a significant step-up from the highly limited (by design) Bitcoin programming environment. However, with increasing adoption; the EVM has hit design limits and security pitfalls.
So, although Ethereum created the application development aspect on a blockchain, building complex applications remains very difficult.
3 ) Blockchain Security Vulnerabilities
Ethereum protocol being vulnerable have been reported – which bodes well for their security considering these networks have now been around for years.
However, application layer security has been inadequate thus far. Lackluster application layer security has resulted in multiple incidents from the Parity Multi-Sig Wallet issue
4 ) Usability
Providing feature-rich tools for third-party developers has not been a priority as of yet. This has had a negative impact on system security.
5 ) Governance
First-generation blockchains didn’t foresee the governance challenges that a decentralized system, with no central party, would face. Hence, we have witnessed the divisive Bitcoin scaling debates and Ethereum forks which illustrate that governance mechanics should be part of the blockchain protocol.

Solution to this Problem
- PayAccept provides solution in all the aspects.
All parts of the system operate in a decentralized manner and are not controlled by any company or
party.
- PayAccept provides a powerful, in-demand service that allows users to reduce efforts spent on managing crypto assets​ and renders it transparent and trustless. To make our platform even more convenient and beneficial for users, the PayAccept Wallet team utilizes best UI and security practices thus facilitating use of our platform’s functionality to the full range.
- Aforestated wallet functionality will be built on the SPV (Simplified Payment Verification) technology. This allows customers to avoid prolonged blockchain synchronization while preserving the security of so-called ‘full node wallets.

- PayAccept is an immutable and decentralized solution created to transmit information about the exchange orders among PayAccept users.

Distributed Orderbook (DOB)
An Orderbook​ is an electronic list of buy-and-sell orders of specific security or financial instruments, organized by price level.
PayAccept Orderbook implementation
PayAccept DOB is based on a NEXT.exchange protocol​. NEXT.exchange is a communication protocol for peer-to-peer file sharing ("P2P") which is used to distribute data and electronic files over the Internet.

- PayAccept will use a custom-built Byzantine consensus​ algorithm that keeps DOB historical data safe without needing to “mine” blocks, even in the case of a situation where your nodes malfunction or become susceptible to the actions of bad actors. This feature also makes it near impossible for a bad actor to add incorrect data or change the history in PayAcceptBlockchain.

- PayAccept will gather successful and unsuccessful trades into ​blocks; the whole block is approved
atomically.

Basic Features of PayAccept
- Trading fiat for cryptocurrency: PayAccept brings you a smooth and sophisticated trading desk, which will allow you to trade on several cryptocurrency exchanges on a single interface. Keep track of your digital currencies. Buy, sell and trade digital currency on one single interface. PayAccept is cryptocurrency ecosystem offering trading of crypto and fiat-backed tokens. PayAccept also provides digital asset based futures with multiple leverage choices.

- Bank Account linkage
PayAccept support PayAccept users to link thier local bank account to their respective wallet.

- Systematic instruments: Users can get bits of knowledge on their spendings and resource utilizes through brilliant investigation devices.

- Mobile PoS: PayAccept support Mobile PoS, A Mobile Point of Sale system performs the same functions as a traditional cash register — except that it’s portable. An mPOS system can be plugged into a smartphone or touch-screen tablet’s audio jack or charging port.

Because a mobile POS system can run off of a smart or digital device connected to the internet, it opened up a world of opportunities for businesses — especially small businesses, street- vendors, and businesses that are typically on the move, such as food trucks.
An mPOS terminal allows you to run your business from anywhere in the world instead of being tethered to one location like a traditional cash register. This is huge for businesses that typically do not operate out of a brick and mortar store or companies that conduct most of their business on the road. For example, consider vendors who sell their goods at street fairs, farmers markets, or conferences, who more often than not, are traveling/off-site as they work. An mPOS system would be perfect for them since they might not always be near their store to process a sale via credit or debit card. Mobile POS systems allow these on-the-go businesses to process transactions no matter where they are.

- Tremendous installment choices: Users can deal with their installments in over a thousand distinctive digital currencies and convert them into one. Any bill can be paid with any cash, crypto, or fiat through the PayAccept application. Need to change over gift vouchers or refillable cards straightforwardly into fiat or digital currencies? We have you secured

- Payment cards:
Every PayAccept Users will get a payment card that can be used anywhere anytime for transaction purposes

PayAccept support all major cryptocurrencies
Pics of currency supported

PayAccept Description.
Clients: 50k registered users;
Team members: 10+;
Blockchain: Mainnet, with over 150 masternodes;
Total supply: 16,5 M NEXT coins;
Market Cap (2020): $800k-$1M

Conclusion
PayAccept will go about as an extension between the customary budgetary world and new problematic blockchain innovation. We expect mass PayAccept selection by 2025. PayAccept will turn into an Electronic Money Institution to escalate its quest for mass appropriation. Through this, PayAccept can effectively connect itself to a Blockchain economy of presently over 250B$ and scaffold it with conventional budgetary business sectors.

For more information contact PayAccept on the following address:
Website: https://www.payaccept.net/
Telegram: https://t.me/payaccept
Twitter: https://www.twitter.com/payaccept
Btt Bounty Thread: https://bitcointalk.org/index.php?topic=5255787.0
IEO: https://www.payaccept.net/pay-token#sale

Writen by
Bitcointalk Username: Stovemaras1
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1969183