THE AUGMENTED PAYMENT PROCESSING SYSTEM WITH PROOF OF STAKE AND MASTERNODE CAPABILITIES POWERED BY AIASCOIN

stormyblue154 (25)in #blockchain • 6 years ago (edited)

The Blockchain technology is widely known for its feature of being immutable and distributed on a network of nodes (usually computers). All the nodes have the records of the shared data (known as block) of a Blockchain. Nodes are a major contributing factor to the performance of a Blockchain. Nodes also have much significance to the security of a Blockchain through a process known as consensus. However, the algorithm of consensus is different for some cryptocurrencies. One of popular consensus used is proof of work which works with mining of cryptocurrencies like Bitcoin. But the proof of work (PoW) consensus system can be liable to tampering of the data on the blockchain especially when the total number of nodes on the network is small and allows the creation of issues known as the 51% attacks.
Also mining of Bitcoin is very costly because it requires the use of specialized and sophisticated computations coupled with high electricity usage. As the Blockchain evolves, a new and specialized method of consensus has been created and is called proof of stakes. The proof of stakes ensures more privacy and a generalized rewarding system without going through the stress of mining accompanied with PoW. Subsequent paragraphs will explain how a new coin known as #AIASCOIN integrated on the Blockchain and coupled with proof of stake mechanism with an advent and special form of nodes known as the masternodes to ensure security and fast transaction speed.
AIAScoin presents a unique opportunity to everyone within the crypto sphere to experience a fast transaction speed, security, anonymity, fungibility and transparency with payemts and transactions on its blockchain. These features are made possible as AIAScoin incorporates the aforementioned POS, masternode and other cryptographic innovations into its blockchain. However, the feature of fungibility could be seen with #PIVX, as AIAScoin is a fork of PIVX. As it is known that unique innovations presents unique and amazing opportunities: AIAScoin has a special opportunity to apply the aforementioned feature to the E-commerce industry. By so doing, AIAScoin provides ease, convenience in trading and transacting businesses but with prime focus to the payment processing market. The three units to benefit from this are merchants and buyers involved in e-commerce and holders of the AIAScoin.
E-commerce is one of the biggest industries in the world’s financial mainstream has acquired a continuous growth in adaption. Some of the factors that have contributed to these are its digital nature which allows easy access irrespective of buyer or seller’s destination, easy sales or purchase with fast mobile payments, relativity in cost and quality of products and the diversity of markets due to the vast number of merchants, businesses and buyers involved. These make it possible for buyers to choose products based on their interest and needs. AIAScoin plans to give merchants the chance to provide the best to customers.
AIAScoin will dvelop a payment processor and make it available to merchants to set up and integrate it into their system. This will be a plug and play data application (dAPP) that will be linked to the merchants account for them to receive payments from sales. Both parties will get access to secured AIAScoin wallet which will allow for automated payments. This will help protect both buyers and merchants from issues of theft and cheat. With the help of the AIAScoin masternode the payment are fast, easy and very secure. AIAScoin accounts and wallets will be accessible through several platforms including Windows, Linus, and MacOs PC devices; as well as Android and iOS phones. AIAScoin will do more for merchants by positioning them well into the crypto space to expand their market. AIAScoin will also promote the products of merchants on the website of AIAScoin. AIAScoin will help people within the crypto space to have real life usage for their cryptos by simply exchanging them to AIAScoin and using them to purchase anytime of choice at the AIAS marketplace.
The AIAScoin will be the currency for payment on the e-commerce network. As it is done with prove of stake consensus, the AIAScoin holders will be picked at random to validate a transaction and the picked holder will earn additional coins and this is termed as the block reward. The AIAScoin is built on an open source Blockchain which allows transactions to be anonymous and transparent. The blockchainis also based on an enhanced PoS consensus which is version 3.0. The PoS consensus ensures security against 51% attacks. AIAScoin will allow for many holders to stake their coin or host a masternode. 90% of the block rewards are shared amongst masternodes and stakers in a seesaw reward balance system introduced by AIAScoin to ensure equality. Block time for AIAScoin is 180seconds.AIAScoin incorporates the unique innovations of SwiftX and ZeroCoin into its Blockchain to provide relatively faster transaction speeds and make transactions with AIAScoin anonymous with no history origination respectively.
There is a special opportunity to host an AIAScoin masternode. AIAScoin masternodes are entitltled to several rewards and benefits. Masternodes have 75% probability of being picked for block rewards whiles stakers have 25%.
1 masternodes = 1,000 AIAScoin. Other requirements for hosting a masternode include having a dedicated IP address and a VPS with Linux.
The presale of AIAScoin is live and allows the purchase for both staking and hosting a masternode. Currently (at the time of publication) the 1 AIAS = 0.00055 BTC. To purchase AIAScoin join our DISCORD and contact one of the admins of the team for guidance.