Argentas: Enhancing Global Financial System Using HydraNet Blockchain
Overview:
It is a new era of technology which is aiming to bring the changes in global financial services using advanced technologies such as blockchain and distributed ledger technologies, issues tokens called AXU which will be used in this platform for the services.
Challenges in existing financial system:
Current financial system is closed in nature, and its infrastructure is disorganized, it consists of different sperate system which are not connected with each other which leads lack of communication between system, due to this transaction speed gets slow, studies saying that nearly one third of world population is not getting access to financial services due to its closed structure infrastructure. There are lot of political and geographical boundaries which limits the potential of current financial system, each country or each region has different regulations on their financial service system.
Solution:
To solve the difficulties in the existing financial system, it has come up with the innovated new global financial system which is integrated with high level of technology i.e. Distributed ledger technology which is created on the blockchain network. Before technology revolution it has started with closed ledger technology, but it is not much efficient to cope with the current transactions.
Blockchain technology making transactions easy with its immutable nature and transparency, but it is not able with withstand the mass consumers transactions. To overcome the issues with it, Argentas has created new technology called hydra network which can also called HydraNet. It full fills the requirement of global value network such as lower transaction cost, speed and scalability, low confirmation time, safety and control, transparency etc.
HydraNet:
It is a fast and secure blockchain network which is completely decentralized. It requires no mining it enables anyone to run its validator called Hydra Core, it has its own consensus model called Hydra Protocol as like bitcoin proof of work. It is an environment friendly, it requires very low computational power compared to cryptocurrency mining. It issues wallet for the users in both desktop and mobile application. Wallet is integrated with HydraNet blockchain network which takes care of all the transactions carried out from wallet. It also provides exchange services, users can exchange their fiat or cryptocurrencies in it.
Token economy:
Argentas issues utility tokens called “AUX” which can be used in the internal ecosystem of the platform for the services availed
Token details:
Token symbol: AXC
Total Supply of tokens: 1 Billion AXU
Price – $0.12 USD
Hard Cap – $12M USD
Crowd sale details are to be announced
Verdict:
Pros:
• Website and technical whitepaper has clear explanation about the project
• Even though it has low hype on telegram, its handing is good, queries are solved quickly.
• Roadmap is clearly drafted, they are very clear about their future goals to be achieved
Cons:
• MVP of the project is not yet released
• No information about the team members and advisors, it is one of the major parameter to check the project feasibility
• Social media hype is low, its telegram community has 500+ members (at the time of writing)
• Information about the partnership is not available in the website and whitepaper
Links:
Website: https://argentas.io/
Whitepaper: https://github.com/argentasio/Documentation/blob/master/whitepaper.md
Telegram: https://t.me/argentas1
Twitter: https://twitter.com/argentasio
ANN Thread: https://bitcointalk.org/index.php?topic=4431900.0
Bitcoin talk Username: anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a