INGOT COIN | Review Part 2
The
Blockchain
The blockchain technology
created back in 2008 has been the infrastructure at the core of the
decentralized era. The blockchain really is a public ledger of stored
information/data that cannot be altered and is managed by a peer to peer
network. Created along with the first cryptocurrency, which is bitcoin, the
blockchain has led a series of decentralized innovations to a lot of industries
in the world. Gone are the days when people have to go through long processes,
verification and lengthy waiting times before money can be transferred across
borders, blockchain has made this possible.
The development and
implementation of smart contracts have revolutionized a lot of industries as
decentralized platforms can now be created with blockchain solutions aimed at
solving their problems in a more economical, efficient, and rewarding manner.
Ingot Coin is a
decentralized ecosystem aimed at bridging the gap between the crypto market and
the traditional and financial markets. This platform will solve the different
issues of the existing markets while also promoting trusts . In my previous
article HERE, I have stated the 6 major components of this ecosystem and in
this particular piece I will be shedding more light on what they offer.
INGOT
COIN Wallet
IC Wallet is a
decentralized cryptocurrency wallet which is based on the blockchain and
encrypted using cryptographic technology. This wallet has been developed to
allow for safe storage, transfer and receiving of cryptocurrencies and fiat.
That is not all however,
the IC ecosystem consist of a digital bank and an exchange. The exchange as
well as the digital bank requires easy access and management of funds. The IC
wallet makes this possible. Through the IC wallet cryptocurrency funds can be
easily managed and fiats can easily be deposited into the digital bank for
proper management.
This is a multi currency
wallet with a lot of amazing features, all of which have been stated in the IC
project whitepaper.
INGOT
COIN Exchange
The IC ecosystem is a
largely interwoven and interconnected ecosystem and no component typifies this
better than the IC exchange. The IC exchange is connected to the IC wallet, IC
ICO accelerator, IC brokerage and the IC digital bank.
This is not the typical
cryptocurrency of financial exchange as it allows its users to trade
interchangeably between any markets of their choosing. With IC exchange,
traders can now trade between the following trading pairs:
1.
Fiat VS Fiat
2.
Crypto VS Fiat
3.
Crypto VS Crypto
4.
Crypto VS Traditional
5.
Traditional VS Fiat
Unlike the present
systems where the crypto market lacks liquidity and a feasible exit strategy
that works, cryptocurrency traders who needs to liquefy their holdings can now
trade their cryptocurrencies directly for fiat on the same exchange in which they
trade for other crypto pairs, also they can now purchase traditional
commodities on the traditional market in a open and easy to use platform,
unlike the present way of things where there are high entry barriers into the
traditional markets.
The IC exchange is also
integrated with a lot of other ground-breaking features that will ensure a
better user experience for the traders. some of this features includes an
inventive order matching system, and a liquid order book.
INGOT
COIN Digital Bank
The main purpose of the
IC digital bank is to create a bank that is not a subject of the frailties of
the present banks, thus bringing the idea of a digital bank that will fulfill
all the legal and regulatory obligations of a proprietary bank and also be able
to have a digital connectivity with the IC decentralized wallet, exchange and
the ecosystem. The Digital bank allows traders have complete control of their
funds.
Additionally, to fulfill
its purpose and also achieve the same level of usability as the proprietary banks,
accounts on the digital banks will have E-payment solutions and debit cards for
its users.
The other components of
the Ingot Coin ecosystem which includes the IC Crypto Certifier, IC Brokerage
and the IC ICO Accelerator have been very well explained in details in the
project whitepaper. Kindly read though it for more information about the
project.
More :
Bitcointalk Profil : https://bitcointalk.org/index.php?action=profile;u=2253940;sa=summary
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