After 50 years of development, the electronic payment network has long deviated from the consensus mechanism of industry associations and has become a centralized giant. To protect their own interests, the "giants" have adopted various tough and cumbersome rules and access mechanisms. However, due to the complexity of the organization, the implementation process is very opaque, which leads to bureaucratic inaction and corruption, which leads to low efficiency of payment innovations, a complicated payment rate and high risk.
At the same time, the cryptocurrency ecosystem and innovations of various industries driven by blockchain technology. Based on blockchain technology, the future of cryptocurrencies is immeasurable, with a compound annual growth rate of 31%. The total global market value of cryptocurrencies is expected to reach $ 1.806 billion by 2021. If 30% of the market value falls into the circulation, then in 2018 it will exceed the projected volume of the global electronic payment market of $ 500 billion.
In a computerized world, the way we manage and maintain authoritative control must change. Blockchain promises to solve this problem. The innovation that underlies bitcoins and other virtual monetary forms, the blockchain is an open, transmitted record that can efficiently and clearly capture exchanges between two collections. The record itself can also be configured to start exchanges naturally.
Thanks to the rich interaction of Alchemy and his eco-associates in portable payment applications, the group will certainly lead the innovative payment business application during the blockchain and will use mechanisms in which the usual Payments are well known to dealers.
Alchemy Global Payment Solutions Limited's vision is to provide open source protocols and rapid product development platforms for ecosystem partners to help them with fast, secure, convenient, flexible and fast-growing global payment solutions based on decentralization, smart contracts and consensus mechanisms from blockchain technology.
Thanks to the rich experience of Alchemy and its ECO partners in mobile payment applications, the team is confident that it will lead the technological application of the payment industry in e oxy blockchain and use solutions where traditional payment is popular among sellers. Thanks to decentralized agreements on payment of smart contracts and incentives for innovative opportunities of various payment technology companies, the team seeks to activate the human wealth of technical talents, use the Agreement to reach consensus of the industry community and guarantee the transparent implementation of the rules with technology so that cryptocurrency can become an important part of the real transaction in the near future time.
The principle of the Alchemy project
Most of the ACH token will be distributed among paying members who are sellers and payers most of the time. In this system, each merchant works on a node, how a payment terminal works. The money transfer is completed by the node and the node will receive a bonus after each successful transaction. The number of ACH tokens of this bonus is determined depending on the volume of the transaction. A node can determine the% distribution between players and itself. 2.5 billion ACH tokens will be issued at the beginning. 1.8 billion will be blocked. 5.1 billion ACH tokens will be distributed among participants through a growing network and transaction mining. 6% of the total number of tokens are blocked in the Alchemy payment network as a lubricant to ensure fluidity.
Specifications:
- The protocol of the agreement on payments in speculative chemistry can be sequentially transmitted on various open block chains, which makes it possible to recognize any digital forms of money.
- Adaptable models payments available to meet industry needs, including PULLPAY (shipper for customer verification) to meet a range of recurring membership-based payment requirements.
- Scaling support, such as Lightning Network, Raiden Network, State Channel Network, as well as cross payments in cash.
- Artificial intelligence to reduce the risk of information distortion and increase the security of the system and dynamic procedures, to protect itself from the danger of cryptographic money cost deterioration.
ALCHEMY also designed and created its own token currency, which is also based on the blockchain. The token will be used as payment services on the platform, such as protocol fees, arbitration fees and much more. The token will also be available for exchange on leading cryptocurrency exchanges.
You can still tell a lot about the project. To get acquainted in detail with all the nuances of the company, website, team, Whitepaper, roadmap, I will leave the necessary links below in the description. In conclusion, I want to say that this is a modern, innovative project that can make a breakthrough in the cryptocurrency field and bring profit to its investor in the near future.
Additional Information:
Website: https://www.achpay.org
Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
Telegram: https://t.me/alchemy_official
Twitter: https://twitter.com/Alchemygps
Facebook: https://www.facebook.com/AlchemyGPS
Author: berk3berk (https://bitcointalk.org/index.php?action=profile;u=2534145)
ETH wallet: 0x65465d5e32D9228CCF5801D58282Aa537CDe182f