Cryptocurrency management system (virtual currencies) on the Blockchain
The challenge: Setting up a banking service to manage virtual currencies, which bridges between the Blockchain and end users who trade currencies. Dealing with the new Blockchain technology.
What is Blockchain?
BlockChain is a new method for transferring collaborative information over Internet infrastructure. The basis is distributed systems where all databases and transactions are stored at different nodes on the Internet and replicated to everyone. Each transaction is encrypted and stored in connection with the previous transaction and the next one - which prevents loopholes or duplicates as if one transaction is erroneous, the whole chain is defined as "broken". It is the Internet that "manages" the Blockchain and not one central entity, because there are many endpoints that share information about the transactions.
All such endpoints - nodes, participate in several actions:
Creating (mining) digital currencies
Maintaining and operating of the transactions
Handling of "smart contracts" - a new type of "block" in the eEthereum network
Basic wallet operations
Crypto Currency - Virtual currencies
Based on Blockchain, the cryptocurrency is an investment and trading center managed independently and not by any formal entity. Transaction values are determined by the users and are performed using the Blockchain technology. The virtual currency market is currently estimated at $ 160 billion, and the value of the market in 10 years is estimated to be many trillions of dollars. The Ethereum coin is the second largest virtual currency in the world, after Bitcoin, with a market capitalization of $ 28 billion.
Kimera - a secure, reliable and user-friendly banking service that supports virtual currencies: Ethereum, Bitcoin and Bitcoin Gold
The versatile system supports a variety of devices and provides the following services:
Joint mining: Long-term investment packages in Ethereum and Bitcoin Gold
Mediation to conventional clearing systems such as PayPal, and credit cards for buying and selling virtual currencies. Provides API services to merchants.
Management of virtual coin wallets: wallet management, several wallets per user and wallets shared by several users, transactions between wallets, multi-currency transactions, enterprise-level wallets. Multi-signature support.
Trading arena: buying and selling currencies, transfer of bids, smart bidding system (under development, will be fully launched towards the end of 2018)