Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.
As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
The biggest problem with Bitcoin at the moment is that it has not become a widespread adoption. A study sets the number of active users of criptocurrency between 2.9 and 5.8 million. For this reason, I want to present you Sidera (eQUOS), a platform for the consumption of cryptocurrencies allowing its use in the retail Point of Sale (POS) through a smartwatch and a contactless smartband.
By providing what no other online cryptocurrency exchange can offer, Sidera's (https://sidera.io/) main goal is to help generate demand for new and old cryptocurrencies, as well as large and small cryptocurrencies, thanks to a powerful focus on the attraction of the consumer market.
With the idea of making cryptocurrencies more attractive and scalable, with an easy and pleasant way to handle transactions, while strengthening its security, Sidera has developed the first Decentralized Wereable Devices (DWD) Project in the world: SmartBit. Smartbit is a personal application , non-intrusive and cryptographic. With SmartBit, users' funds are secured around their wrist, fully encrypted, allowing off-line wrist-to-wrist exchanges and a plethora of other innovative features.
Thus, SmartBit is a new idea of smart watches and smart bands focused on Bitcoin and cryptocurrencies. The scope of these devices is to provide its users with an easy, practical, innovative and safe way to manage the crypto environment. SmartBit allows people to receive, send and manage Bitcoins and any other cryptocurrency or ERC20 token completely from their wrist in a beautiful and safe way.
The proximity wrist-to-wrist sending/receiving
I want to highlight one of the most attractive features of this project: The proximity wrist-to-wrist sending/receiving. This particular feature allows the smartwatch to interact with other SmartBit devices within a specific range (via Bluetooth and Wifi). It is the first wrist-to-wrist shipping and receiving function in the world. In order to take advantage of this feature, two or more SmartBit devices must be within range. The device will detect any other specific device, if available, that allows sending or receiving funds. With this, users can send or receive OFF-CHAIN cryptocurrencies, in a completely decentralized system. even without the complementary application. The device will be synchronized with the Blockchain lately, when the Internet connection is established again.
On the one hand, by using the IoT, Sidera can facilitate the sharing of its existing devices, vehicles and buildings, by incorporating sensors and network connectivity that allow our teams to collect and exchange data. On the other hand, by integrating blockchain technology into the IoT architecture, Sidera can maintain an immutable ledger of all those shared transactions. By integrating both, IoT technology and blockchain technology, Sidera can also share without the need for a trusted third party, effectively eliminating the "intermediary" and allowing shared applications to operate in a decentralized mode pair.
The project gives the opportunity to earn Sidera tokens performing some social media tasks and doing simple steps from the bounty program explained in the Bitcointalk Webpage. Here (https://bitcointalk.org/index.php?topic=4770011.0) you can access the link in order to see what are the conditions to become an early eQUOS contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf). You can also read their ANN thread here (https://bitcointalk.org/index.php?topic=4756894). I hope you liked the post and soon I'll send you new ones.
Social media links
Email: [email protected]
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71