SO IT GOES Speed when it comes to transaction processing is very important and necessary, offering faster transaction processing and confirmation time was one of the ways in which cryptocurrency and digital or decentralized finance overtook the traditional financial system another thing that made it easy for decentralized finance to overtake the traditional financial system is that it offered cheaper and more cost friendly transaction processing and confirmation cost and if the cryptocurrency and decentralized finance ecosystem would like to continue to top the financial system of the world it is important that they keep looking for ways to reduce the cost of processing transaction and increasing the speed.

Now this is for the cryptocurrency network and community as a whole or in general but now to be specific, we are talking about puss coin specifically as the cryptocurrency which should find ways to facilitate an increase in transaction processing speed and reduction in transaction processing costs. In terms of the cryptocurrency world we have what we call decentralized exchanges and centralized exchanges, these are platforms that are used for different cryptocurrency based transactions mainly exchanges just as the name implies out of the two, just as my topic indicated I am looking for ways puss coin can facilitate increase of speed and cost reduction in centralized exchanges.

The kind of transaction in question here is not mainly exchange transaction but rather swapping of tokens transactions, from my own experience alone I can say that swapping of tokens can be very hectic and not cost friendly I mean take for example this pussteem initiative, you have steem you first have to swap it to trx it will slash your tokens first of then buying the puss and transfering to the pussteem account all of these will cut your tokens significantly enough that it will pain you I know because it pains me, so let us see if there is anyway in which puss coin can facilitate a reduction in these cost of carrying out this swapping transactions and also maybe increase the speed of processing these transactions.

ACTIVELY LOWERING COST FOR CROSS EXCHANGE TRANSFERS.

Basically the fact that some exchanges and some tokens can be very expensive to facilitate transactions across exchange platforms is basically one of the reasons that discourage and deters users from facilitating or carrying out these across exchange transactions so it is important that in order to facilitate and increase in the number of users who carry out cross exchange transfer by doing so, by reducing and lowering the cost in order to encourage cross exchange transactions puss coin indirectly will lead to a decrease in the cost of toekn swap transactions because once these exchanges adopts the concept of lower fees on cross exchange transactions and they see the effect it has and increase in users it brings.

Then it would not be too difficult for them to agree to lower the cost of token swapping transactions, although starting out these decrease or reduction in the cost of processing these transactions, it might not immediately be significant enough that it benefits low volume or inconsistent traders however it will greatly benefit frequent and consistent traders and high volumes or institutional traders, these changes in cost will add up significantly and save them thousands and millions over the years.

ENABLING INSTANTANEOUS TRANSFERS WITH EXCHANGE INTEGRATION

So like I said speed is a critical factor in the world of finance and more so in the world of cryptocurrency a digital and decentralized finance. So in the world of decentralized speed is also a very important factor that facilitates the execution of profitable trades and orders and transactions especially in a volatile and unpredictable market also in cases where traders notice that in a particular token or cryptocurrency there is a price discrepancy if that particular trader will be able to maximize that opportunity and make profit from it will depend on the speed with which the transaction is confirmed.

Therefore puss coin can be of critical value in this area because if integrated directly into the internal wallets and swap infrastructure of the different exchanges making it so that any transaction executed or any transfer made will be so fast that it is nearly instantaneous, I know this will work because some centralized exchanges already allow internal transfer of certain coins and tokens and in seconds it is processed and confirmed and received therefore puss coin based exchanges can adopt this technology and implement this kind of speedy transactions.

CONCLUSION

In conclusion, we have seen that puss coin basically has the potential to become a cryptocurrency that provides core utility, it can serve as an asset that empowers traders to make transactions across exchanges with ease, with fast and almost instantaneous speed and at low transaction processing cost.