Bitica, which is an Estonia based startups, is using technology to facilitate faster and low-cost monetary transactions. Here’s how.
is a digital technology which promises truly peer to peer and transparency transactions between the involved parties. is a network which consists of multiple nodes connected via a common , which means all nodes shares the same copy of a decentralized which holds all the transactions and data that go through that network. Since the is distributed and decentralized, it is resistant to any unauthorised access or update in the stored data. This is what makes transactions secure and immutable.
As for speed, is known to be the fastest way of performing digital transactions. The reason is that it facilitates a direct connection between the parties, without a middleman. The lack of middleman ensures that the transaction is processed directly between two parties, which makes them faster and more secure. As there are no middlemen in transactions, the cost is also low, as neither the sender nor the receiver is required to pay any third party fee, except for a minimal network fee.
The primary reason why Bitica is using technology is to process faster and secure payment. Bitica coin is a digital currency which aims to generalize the use of and make advanced technologies like accessible to more people worldwide. With that aim, Bitica has developed a global community platform where individuals can come together and discuss new technologies, business, ideas, as well as perform merchant transactions. Now, in order to facilitate secure and faster transactions for its community users, Bitica needed a strong and reliable technology like .
Bitica‘s not only acts as a secure and transparent platform for users to perform digital transactions involving currencies, but it also performs several other tasks. Bitica uses for the following purposes:
- To provide a way for faster payments
- For developing smart contracts for secure and middleman-free merchant transactions
- For a timely resolution of user queries
- For creating a global platform for the exchange of goods/services
- For verifying payments in real time
- For enabling mutually beneficial and secure social communication
- For the exchange of valuable ideas
- For connecting investors with new, potential businesses/projects
Basically, Bitica is utilizing the technology in its best possible way. It has already launched its own , called BDCC (Bitica coin), which will be used as a secure method of payment within the Bitica ecosystem. The Bitica coin is on several reputed exchanges such as Crex24 and TradeSatoshi. People looking to buy or invest in a good should definitely checkout BDCC.
Published at Thu, 02 May 2019 12:09:57 +0000
