Today's millennials and the so-called generation Z swears by the digital wallets and mobile banking it uses to toast a celebration or treat a success. A scan or a touch is enough to zoom transactions across nations. This ease of operations has led to us almost leading a part life through our cell phones. QR codes, Payment wallets with extensive facilities and even digital swipes. In short, we are spoilt for choices. Talking of the recent trends, there is a parallel boom that is storming the digital world - Cryptocurrencies and blockchain. Such a lucrative and open juncture nascent but cut off entirely from the mainstream. Today Bitcoins and other such currencies are surprisingly fuelling the activities on the darknet or else being used to raise fundings for new startups that want to decentralize and innovate further. I too held a small amount of Ripple for a month or so. The stakes are high, in favor too but not that diverse and ubiquitous that the currencies find their acceptance and relativity in a nearby shopping complex or a cafeteria. The complexities and limitations delude and restrict the populace that finds cryptocurrencies as a medium of exchange and transacting.
The problem doesn't end here, the cryptomarket still evolving and reshaping itself has done limited to extend its access to the common people. The blockchain still needs to move away from the machine language codes that can lead to blunders with one omit of a period or a hash.
One such solution has come up with the Tip Blockchain, a peer to peer user-friendly ecosystem that plans to promote the cryptocurrencies to the masses.
The platform is tirelessly working towards building a platform where cryptocurrencies will be the common barter. They aim to attain mass adoption of cryptocurrencies through connecting users over peer to peer networks and merchants with payment solutions, making it easier than ever to transact using cryptocurrency. The platform will provide for removing friction and making cryptocurrency familiar to the average user through several utilities. Let's discuss some of them here:
Tip offers user- friendly addresses or address aliases devoid of any technical or implementation details. Like @sylvia0310 for 0x28dkvglf4560vmrfklfd. Think of a situation when you need to track IP addresses of websites instead of their domain names!
It provides for transaction metadata : each transaction carries an arbitrary data that gives the identity info and other such payment details.
It claims itself to be a directory of names and allied info. A fully indexed and searchable platform. This has several implications. Firstly, users will be able to find other users and new content on the network. They will also be able to customize and build DApps (decentralized apps) that will be able to create their own fields and protocols to extend the usability of the platform.
The platform will develop the first DApp as a wallet app that will consist of aliases, search and messaging options. The users can transact while they chat within the app. They would have the option of finding other people and businesses by their username or alias.All the message will be exchanged over blockchain without being routed over a centralized server.
The other side of the transaction that is the sellers or businesses face currency adoption problem. There will be a special DApp built specially for retailers. The app would provide for a point-of-sale system with features such as transaction, order and customer management; sales reporting and analytics and third-party integrations.
Small businesses can easily tie transactions to specific orders or customers using tip system.
On the whole, it provides the users with the power of discovery on the platform which makes its scope limitless.
The platform will provide the ease of transacting and registering. It will be a convenience for both the users and businesses but the volatility issues concerning cryptocurrencies, less acceptability due to lack of understanding and other such regulatory issues will be a matter of concern for the platform. The mass adoption is a beautiful reality marred by ugly discrepancies and mistrusts concerning cryptocurrencies that need to be erased.
Tip token and ICO details
The TIP token will be an ERC20 ethereum based utility token. It will be used for peer-to-peer transfer, transaction fees, buy things in real world, reward developers for creating an app on the network and many more such uses.
There will be a total supply of 1,000,000,000 tokens. The token sale will run for 4 weeks and 60% of the total supply of tokens will be up for sale. The purchases can be made in ETH. Base price is fixed at 1ETH= 10,000 TIP. The hard cap is fixed at 50,000 ETH.
Verdict
The project aims for mass scalability and adoption of cryptocurrency. Its main focus lies in the app Kasakasa wallet, that will simplify transactions up to the ease if sending messages. The TIP point-of-sale system or SIKA will be there to benefit all retailers. While other ICOs are rushing in to grasp funds, this platform stresses on making it mainstream and familiar with users. The concept is unique and need of the hour. The tip token will prove a good investment as the blockchain aims to further evolve and revolutionize the cryptocurrencies. It includes payments, rewards, loyalties and other bounty programmes as well.
The user will for a start be comfortable with aliases and other utilities.
The recommendations though varying right now look in favor of the user-friendly currency: TIP.
For more details visit:
Website: https://tipblockchain.io/
Whitepaper: https://tipblockchain.io/docs/Tip%20Blockchain%20-%20Community%20Whitepaper.pdf
Telegram: https://t.me/TipBlockchain
LinkedIn: https://www.linkedin.com/company/tip-blockchain-network
Twitter: https://twitter.com/TipBlockchain
Medium: https://medium.com/tipblockchain
Facebook: https://www.facebook.com/TipNetworkio
Instagram: https://www.instagram.com/tipblockchain/
Reddit: https://www.reddit.com/r/TipBlockchain
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391