Plaza MerchantChain: Panacea To Blockchain Flaws- Part One

paulcoin (39)in #merchantchain • 6 years ago

We are living in a world that is ever changing, nothing remains constant. The saying that "Change Is Constant", is true in every sense. Not long ago, the world was raving about having solved all flaws in financial institutions with the emergency of blockchain technology. But having witnessed blockchain networks hacked, and some people gaming the existing networks, among other flaws.

Plaza MerchantChain has stepped up their game to nip every challenge to bud. MerchantChain has exciting solutions to current challenges pledging existing blockchain technology networks. As you read on, you will find solutions to every flaw of present-day blockchain network embodies.

Anonymous Transactions Thrive

From time to time crypto ecosystem is ridiculed for its inability to stamp out fraud and every underhand tactic, often focus on the fast capital rise than a real-life panacea.

It is clearly stated that before any persons or firms can do business with Plaza MerchantChain, it must be AURA SSL certified.

In a world where businesses suffer a lot of trust issues. Plaza MerchantChain acts as anti-money laundering and Know-Your-Customer (KYC) procedure, improving trust between buyers and sellers.

Malicious cloning of address by users who are tech savvy is impossible because of AURA SSL certification. You know that credit card cloning is common. The CEO Kelvin Johnson said that this anti-fraud measure will endear Plaza MerchantChain to stakeholders as well as regulators, because of trust and confidence the platform portrays.

Anticipated Technological Evolution Threats.

Quantum computing emergencies in technological ecosystem pose a constant threat to existing Blockchain networks. MerchantChain is the answer for future technological threats as well as the present quantum computing hacks. This applies that transactions and distributed ledger remain secured, even in an event of a security breach by quantum computing power, something few extant Blockchain protocols can make.

The beauty of MerchantChain is that even if quantum computing evolves, it remains not to perturb about quantum advancement. All thanks to a proof-of-reputation algorithm which MerchantChain deploy.

Volatility Nightmare

Hair-splitting phenomenon about cryptocurrencies is that they are extremely volatile for daily transactions.

An average supermarket owner is wary of the potential of total cryptocurrency collected becoming less than the worth of goods sold. On the other side, consumers are unsettled about paying for groceries today with currency, that could worth more tomorrow.

Thanks to Plaza MerchantChain for putting this problem to rest by its own native coin called MerchantChain Transaction Coin (MTC).

MerchantChain Transaction Coin is not backed by market sentiment rather by real-world value. MTC has only two decimal places and the coin is strictly designed for spending, not hodling.

MTC is an embodiment of stability and certainty which delight consumers and business as a means of exchange.

Too Difficult For Newbies

Newies in the cryptocurrencies ecosystem find it hard to grasp the workings of the system. Why should a user be bothered about private keys and transaction hash?

Having seen how frustrating it is for Newbies, Plaza MerchantChain thought it long and hard by creating Plaza Freedom Lifestyle.

Freedom Lifestyle is a conglomerate of user-friendly product search and payment tools, which are inexpensive, and offer better convenience, rewards, and privacy. Not forgetting more liberating, in addition, it is secure as the traditional tools.

Freedom Lifestyle interacts with MerchantChain through the state-of-the-art multi-crypto PlazaWallet. You can have a quick peep of what Freedom Lifestyle looks like here:

https://medium.com/plaza-systems/what-will-the-ideal-crypto-lifestyle-look-like-in-2018-9fd358c041cb

My verdict on Plaza MerchantChain project. Having had my fair share of frustration about existing blockchain networks, seeing a project that has put a foot down to tackle the flaws. I can't help but embrace it. The World's Fastest Blockchain Design For Commerce.

Useful links

https://plaza.systems/whitepaper

https://plaza.systems/

https://www.facebook.com/plazasystems

https://t.me/plazatalk

https://www.linkedin.com/company/plaza-systems/

https://twitter.com/PlazaSystems

https://www.reddit.com/r/PlazaSystems/

https://bitcointalk.org/index.php?topic=3039594.0

https://www.youtube.com/channel/UC5C06Ma-O6-bqgJ76GogBMw

https://medium.com/plaza-systems

https://flipboard.com/@PlazaSystems