When we were taught biology in high school I remember being taught characteristics of living things which includes respiration, reproduction, growth but the one characteristic I want to note is adaptation every living thing has the ability and capacity within itself to adapt to any situation it finds it self, whether its a climate change, environmental differences, social, political and technological change. Oh I said technological change.
Thus this takes time and effort but the human race has a way of adapting. The improvement in technology has brought about a drastic change as to how we do things and view our world in general this can also be said for the digital economy too. When there is a new introduction into the world of tech we humans takes time to undestand and adjust to it. Take for instance the introduction of smart phones, internet enabled cars, AI in manufacturing e.t.c.

also since the introduction of crytocurrency, thus it has enjoyed massive adoption and is still yet to enjoy because some countries are yet to legalize the use of cryptocurrencies. Well that's besides the point. The point is there's has been tons of innovations that came along with the introduction of the cryptocurrency so for some users to start adopting this change it implies that they will have to consume a whole lot of information to keep them abreast with this change. For most people its just too much to learn, for someone like myself I had to breakdown my learning process into bits and prefentially arranged them and up until now I'm not still done, I learn as the day goes by. The blockchain technology in itself has the capacity to takeover the entire industry but first one has to discover means of simplifying the process. Making and executing transactions in the past has been a major issue as users are left with no option than to execute exchange transactions through a centralized platform that runs through third party system. This process has been proven risky, fraudulent as many third parties inflates prices of currencies for selfish interest and also do not provide adequately security via SMRT contracts for its users which leaves users at the mercy of fraudsters. Now they have an option STREAMITY

About STREAMITY

Streamity aims at proffering a lasting solutions to the problems faced by users by providing them with limitless options as to what they can transact. Traditional exchange platforms are limited in the sense that there's a limit to the monetary volume that can be transacted on, and also those who sell currency are not at liberty to buy, and those who buy are not at liberty to sell. Even if they are given permission to which is rear there is a limit as to what currency can be exchanged and all this incures high commission fee. Streamity is am all in one platform for those who wants to get involved in crypto trade. The reason why I call it an all in one platform is because it offers users limitless possibilities as to what can be done using this platform.

One of their most important developments, called StreamDesk, is a new exchange platform for P2P (peer-to-peer) transactions between different cryptos, or with FIAT money, in which security doesn’t rely on how trustful are the 2 person doing the transaction, but rather, it relies on a smart contract which provides a secure and reliable means for users to exchange currency using Streamity.

smart contracts

A smart contract is a computer program that directly supervises and controls the transfer of digital currencies and assets between parties under certain conditions.
A smart contract not only defines the rules and penalties related to an agreement in the same way that a traditional contract does, but it can also automatically enforce those obligations. Using the smart contract platform and possibilities with peer-2-peer exchange transactions improves user security and cuts away any risk involved in exchanging currencies. Also using smart contracts exchanges can be done fast and also fiat money can also be transacted between both individuals who have agreed on a stipulated price or deal. What they do is send the crypto currency to be exchanged to the smart contract by both parties. Nice the transaction is successful the smart contract will trigger the automatic release of both funds to both parties this is done instantly. Both buyer and seller are safe from fraud and also they escape any inflated commission fee and cost of performing transactions. This favors users who perform multiple transaction on a daily basis to cut down of paying accumulated commission fee on several transactions. With the use StreamDesk, the general adoption of crypto currencies could continue its due course, including more and more people, so they can also take advantage of the revolution that is taking place with this technology. Using the Streamdesk platform prices of currency will be posted directly from the market on the platform for all users to see thereby eliminating the manipulation of prices by third party intermediaries. One other amazing feature of the streamdesk is that the data processing are genuinely dependent on the market prices. These prices are posted on the platform which helps cut away fraudulent means of influencing currency prices. Transactions are executed using real market rates.

Streamity also offers on its website all users needs to know as regards to news and trending events pertaining crypto market and likes. Users will be granted access to undiluted infos, professional market analysis from experts and crypto enthusiasts. This helps educate users about cryptocurrencies and blockchain at large. It also help teach how to trade and effectively make a transaction using streamity. It will also serve as an encouragement for new users who might have not had knowledge in crypto projects to learn and also adapt to using and trading with cryptocurrencies. One other thing streamity offers is transparency. Because streamity runs using blockchain technology users can also through its platform view transaction history, and also evaluate his past transaction to be able to adjust his steps in future decisions.

Besides, with the goal of empowering the community even more, it can work as a platform where people can provide all types of information to educate others, it can be articles, videos, even webinars, all of those will be vetted by professionals to ensure that quality standards are met. This will enrich even more the quality of the information available to the users and will bring immense value to the platform.

Summary

Streamity offers a secure way of doing P2P transactions with smart contracts in their StremDesk trading platform, and because they will be able to work with different crypto currencies capable ofbeing exchanged directly with FIAT money, this will make everything easier for people who are just starting with their crypto investments. The security provided by the implementation of smart contracts is also extremely important, especially because in P2P transactions there could be bad people looking to deceive and commit scams, but that won’t be possible with the use of smart contracts.

This is my submission to the STREAMITY sponsored @originalworks contest

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