In the beginning of the present time the basic premise is the internet. In the beginning of technologies era, there are often challenges like scalability, cost, speed, fraud and so many more like this. However these challenges are solved over time as we have witnessed with the evolution of the internet and now we witnessed a similar kind but far more developed technologies called Blockchain.
The blockchain is basically a distributed database. It is an incorruptible and decentralized ledger for economic transactions that can be programmed to record of financial transactions. Blockchain brings us the solution of all the issues we facing about payments and transactions. So this is an extraordinary thing. This in immutable,unhackable distributed database of all digital assets. This is platform of truth and trust.
In order to improve the global payment and transaction Alchemy has launched a new blockchain based platform.Which is designed to solve all the issues we have faced in our payment and transactions. I think this is a game changing blockchain project.
What is Alchemy:
Alchemy is a blockchain based payment platform that is desiggned to support real time transactions over domestic and cross-border. This platform allow marrchents to make cross-border transactions very fast, secure and deentralized manner by using smart contacts.
At present and in the past we have been dependent on the Bank. But in the process we have to pay a lot more fees and in this case the security of our money comes first. Concentrated Electronic installment specialist organizations much of the time are administered with nontransparent Approaches which influence buyers a lot. Another very common problem in Centralized system, the funds that are needed to transfer on a timely manner by a customer to meet up the emergency need sometimes are held and delayed indefinitely in Centralized platform.
So Alchemy try to buid up a world top blockchain based decentralized payment platform where users can make transaction any where in the world with trust, security and real time. This is a 100% open and decentralized platform.
Alchemy will allow the use of both FIAT and Cryptocurrency in it’s system for world wide payments for good and services. Allowing the FIAT and Cryptocurrency will help them to existing the banking foundation, and this will help to reducing payment fee and increasing the transaction speed.
Alchemy try to includes of the needed technologies and resources to make a better payment industry, in which you will make online and off line payments.
As a decentralized open ecosystem, the Alchemy payment network provides access to various assets that can be liquidated, including but not limited to various cryptocurrencies, tokens, credit payments and points of credit service providers.
Alchhemy has designed it’s own native token which will be used for service fee, protocal fee, despute arbitration fee and many more purpose. This token will aslo help to grow whole ecosystem.
Conclusion:
I think the Alchemy team believes users and sellers have the right to choose which currency to use for payment and settlements. So Alchemy try to achieves the decentralization of payment networks by integrating with decentralizing cryptocurrency wallets, deploying decentralized technical structures, along with relevant operation and governance mechanisms. I believe they will keep the potency of decentralization! And we will see a better decentralized platform.
To know more about ALCHEMY please visit
Website: https://www.achpay.org
Whitepaper: https://www.achpay.org/static/files/V3.8_WP-E_Alchemy_20190906.pdf
Facebook: https://www.facebook.com/AlchemyGPS/
Twitter: https://twitter.com/Alchemygps
Telegram: https://t.me/alchemy_official
Medium: https://medium.com/@alchemyGPS
Author Details :
Bitcointalk Username: moznu
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=1765583