Blockchain technology is transforming every element within our lifestyles from payments to transactions, to even raising of private funds for new ventures and enterprises. As the innovations continue to pick up momentum, there is the talk of how traditional banking could embrace the technology or even be replaced by it.
At the same time, Argentas is already portraying the potential to replace our existing banking system with their solution. By using blockchain technology, Argentas looks to provide a cryptographically secure channel to send and receive digital assets without relying on third-parties. Here's how the tools promise to automate our bureaucratic processes within the banking sector.
What Is Argentas?
Argentas is a powerful second-generation blockchain platform that will help to build a global, transparent financial system. The Argentas economic ecosystem operates with a core blockchain network interface and bridging entities and eventually a decentralized application platform for commercial operations. The underlying concept with Argentas remains the potential to become the ultimate blockchain solution for global finance by eliminating our traditional and inefficient banking system in existence.
The Argentas Financial EcoSystem Blockchain Project
Argentas identify that to ensure a successful financial system they would need to employ a blockchain protocol, and this would mean a synergistic ecosystem. The Argentas Ecosystem stems from this notion and works to create automatic internal synergies that reinforce and increase in value. Some of its characteristics include:
The Argentas platform develops a protocol and blockchain with components such as exchanges, native wallets, and other interfaces within HydraNet.
HydraNet Interfaces And Bridge Entities
There is the native HydraNet wallet within the network interface to help transact digital assets. Argentas may also partner or set up various network bridging bodies similar to banking units to fulfill strategic objectives.
Argentas seeks to leverage of the network to establish a decentralized application economy that will work on merchant processing, investing, identity management, credit scoring, venture capital, and lending.
Argentas possess a fast transaction system with confirmation times of 2-5 seconds as the base case.
The transaction throughput targets to accommodate at least 50-60 thousand transactions per second with more research on the lightning network. `
The consensus-based transaction validation system is the primary mechanism with no proof-of-work or proof-of-stake protocols which consume more computing power and less environmentally friendly.
The lack of mining ensures Argentas consumes less computing power making it have less network congestion and capacity problem. Ultimately, this enables lower prices.
Transparency And Flexibility
The Argentas Network is open to anyone looking to participate, and their system seeks to ensure complete financial inclusion.
Argentas lowers its network load and increases overall capacity across the network through the intellectual sharding capability.
Intuitive User Interfaces
The user interfaces will include the native wallet, which is a tool to facilitate intuitive buying, selling storing and transfer of value.
Argentas AXU Token & ICO Details
Argentas won't be holding an ICO for their AXU tokens. Instead they will be having a Token Distribution. You can purchase the token on Stellarport.
Token ticker- AXU
Token Price: 0.4 XLM for 1 AXU
Accepted Payment Method: XLM
Total Supply: 600 million
Token Standard: Stellar
While there is every potential with blockchain becoming the next banking industry, disruption does not happen overnight, and it's going to take much before ventures such as Argentas become substantial forces within the market. Also, the Argentas project is relatively new, and it's not yet perfected to give a fair judgment.
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