Bitchane.com aims to be the world’s first cross -chain interoperable blockchain payment protocol creating a fraud-free, optional biometrics-based system, utilizing mobile phones. Bitchane may be utilized for both consumers and merchants to have access to a payment platform that gives them a wide selection of payment instruments. These options enable merchants to process at a much lower or free rate than their current processing platforms and users will enjoy rewards unparalleled to their existing payment methods.
Merchants will be able to utilize Bitchane in their existing point -of-sale systems to accept both local fiat currencies and cryptocurrencies all without worrying about being susceptible to fraud chargebacks. Settlement of cryptocurrency to fiat will be instantaneous. if the merchant chooses this as a settlement option. The merchant will enjoy this benefit while paying a fraction of what it would cost on their existing legacy payment platform or they may choose to keep cryptocurrency in native form without conversion for free.
Token Basic Information
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Real-Time Decentralized Payments
Bitchane is a cryptobank focused on revolutionizing the financial system through Blockchain. Bitchane enables a cross-chain interoperable payments blockchain system that is designed for online payment & merchant processing that is seamless, instant, and free.
While Bitchane.com are raising the funds, they care about investors whose investments’ protection they wish to guarantee to the maximum extent. The voting system gives investors bigger control over their investment.
If an investor is not content with the progress and the results of the given milestone, the dissatisfaction may be expressed after every milestone during the voting process. If the majority of the investors have voted yes, the escrow, enforced by a smart contract, will allow the use of the funds allocated for the next milestone.
MulticurrencY Digital Wallet
The ultimate goal of CHANE is to be the all-in-one solution and offer a wide array of payment services from market to finance. The Bitchane App gives our users access to a Digital Wallet that enables them to store and spend with their smart phone or Virtual Visa® Card.
Bitchane clients — both corporate and private ones — will access all the services they need from a single platform. Blockchain technology gives the chance to make your finances grow faster and give better returns.
Bitchane.com Validator Nodes run a Byzantine Fault Tolerance (BFT) protocol as the consensus method of the blockchain which processes the final order of network transaction sequences. The core of the consensus engine will be on Tendermint Core7. With this consensus engine Bitchane will be able to perform high frequency throughputs and gives near instant block finality with one second transaction times which enables Bitchane to perform its necessary functions per A2. on a scale of major payment processing platforms such as Visa10. The Terndermint Core is known for powering the Cosmos blockchain11 who will play a central hub in blockchain interoperability which aligns with.
Considering all the benefits of running blockchain based payments for antifraud and double spend measures there still remains security issues being an open-source network running on the internet. Being a public network, security (A1) and robustness are critical requirements. Common network threats are listed below but not limited to.
Bitchane.com has designed a bank level payment system free from fraud for merchants while creating an incentive for consumer-based clients to be rewarded. Throughout this protocol, Bitchane ensures compliance with privacy measures and local regulations to ensure its users a longevity. Bitchane.com will design the first payment protocol running fully on Bitchane via the Spend Wallet application.
Enabling an open-financial system is important to help fix the issues they have with centralized point of failure legacy systems. Users around the world are able to participate in the networks governance and help contribute to Bitchane. As this is the first initial version of the Bitchane technical paper, they hope to begin receiving community input and additional research to make improvements where applicable before we launch the main network.
Sam Takyi IT company founder, stock market investor, busines
Simon Kurvits Internal and external
Terence Spencer Audit specialist, masters in economics.
Mattias Christopher Co-owner of marketing agency, cryptocurrencies inv…
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