CoinChum | Sophisticated P2P Crypto Marketplace

in #blockchain4 years ago (edited)

Cryptocurrency is a form of revolutionary Decentralization movement where this new currency system promotes transparency through the integration of new innovations on the internet, namely Blockchain Technology, the new Decentralized Concept can be realized and has been implemented in various sectors and Blockchain Technology itself introduces a new sophisticated Decentralized system and provides transparency and privacy to everyone without exception, It also provides an opportunity for unbanked People to access banking services without going through a centralized entity, This is made possible Through the Distributed-Ledger system which creates new cloud servers spread all over the world and therefore this system cannot be controlled by a centralized entity, such as a Government or a Bank, This Creates a powerful new financial system run entirely by community contributions, Through the first Bitcoin Cryptocurrency, Block Technology chain began to be known and began to be used in the global market and through Bitcoin Today we can enjoy a new technology that is more transparent and revolutionary. One of the new projects trying to maximize the potential of Blockchain Technology for the mass population is CoinChum, It is a new advanced Ecosystem that provides unique features with the concept of Decentralization in one Public Network, Creating a new Peer-To-Peer Marketplace ecosystem that is easier to use, sophisticated and transparent.

What is CoinChum?

Coinchum is a new Marketplace Ecosystem that creates a comprehensive Peer-To-Peer Transaction system for everyone in the world, especially for the unbanked people. Coinchum is a new innovation that combines Blockchain Technology with Banking which results in a unique innovative Platform, Their User interface is carefully designed to meet the various needs of its users and simultaneously ensures various transaction processes that are completely Peer-To-Peer, This creates a market system new ones that are more transparent and competitive. Their platform integrates various advanced features to meet the needs of its users with a real time monitoring system with various market tools that ensure the analysis process goes well. Not only as a marketplace platform, Coinchum also ensures a multi-functional platform that facilitates various transaction processes with the opportunity to get a more profitable transaction offer. The Coinchum platform integrates Blockchain technology into its marketplace system and enables a new, more reliable platform.

The Coinchum team designed a platform with an advanced structure that uses a strong framework supported by multi-layer security integration, To ensure the security of its users, various transaction processes will go through an automated audit process through the designed algorithm and pass through several layers so as to minimize fraudulent transaction processes, This creates new flow system which is more sophisticated and efficient. Unlike other marketplace platforms, Team Coinchum implements various advanced features that ensure the functionality of this platform more broadly, Users can choose various different Coin options, Learn more about crypto through their courses, And Fees are more reasonable, Their platform also ensures the team helps which will help the problems of its users 24/7. Not only in terms of usability, their team also ensures transaction security with Anti-Scam Features (Before & After Trade), 2FA and Assets insurance, the Coinchum team wants to design a new, more innovative multi-functional platform.

Multi-Layer

Coinchum is a new sophisticated ecosystem with international standard security, They integrate various layers in one ecosystem so as to ensure transparency and security of its users at the same time. In this ecosystem itself there are 4 different layers that will protect the transaction process, some of these layers are:

Layer-1

MPC (Multi Cloud Services) Is a method that shares private keys on several different servers and is not only stored in one device that is integrated with CMP (Certificate Management protocol) which eliminates access by one party, especially crackers or hackers.

Layer-2

Advanced encryption that uses a combination of CPU & Ram to create a new, more secure method, Each private key will be stored in RAM which minimizes private key leakage, This system allows storing it on the Hardware Side and ensures security even if the Thief controls the Whole System, This Layer is called SGX (Software Guard Extension).

Layer-3

This layer is designed to implement Approval on transactions, this layer is very beneficial for individuals or companies because it adds an authentication process for each transaction before it can be executed, this minimizes loss even if there is a data leak in the system.

Layer-4

The last layer is a sophisticated algorithm designed to calculate risks that occur automatically so that in addition to ensuring transaction security and reducing the time required, the authentication process is also executed automatically with a sophisticated audit system.

Benefits

The Coinchum ecosystem offers various benefits to its users by implementing various advanced multi-functional features, Users can get fee discounts through the Tier System, Lucrative Referral Program, Multi-Crypto wallet, and SPAC. Coinchum is designed for long-term use for its users by ensuring that the interests of its users are guaranteed. The complete analysis feature also ensures a more reliable and profitable market research process, Introducing a new Blockchain-based Peer-To-Peer system in the global market.

Market Potential

The Cryptocurrency Market is one of the markets with sustainable growth, the Pandemic that occurred in the last 1 year has further strengthened Crypto's position by becoming one of the markets with stable development, the total market value is now more than $1 Trillion, more than doubled from several years previously and one of the fastest growing regions is Africa, Coinchum is trying to create a new Peer-To-Peer Marketplace Platform system and will initially focus on Africa, with more than 100,000 Thousand users with more than 10 Million Unbanked People, Coinchum trying to maximize the potential Blockchain Technology in the Region. In the chart below you can see the development of crypto users in Africa last year, there was a spike in just a few months and Coinchum has the potential to become the largest P2P platform in the region.


Roadmap



Conclusion


Coinchum is a new unique platform with great potential, They offer a very advanced new Peer-To-Peer system with the integration of Blockchain Technology which ensures a Decentralized system, This provides its users with a protocol with high security and lower costs for each transaction , Coinchum team also offers users unique benefits such as Tier System and Lucrative Referral Program. This project is very innovative and has huge potential as they will initially focus on the Regions most in need. This project has a lot of potential and I hope you will be a part of it!



I think that's enough for now, don't forget to follow & upvote for more content about new potential projects, I will provide some links related to the CoinChum Below. Thank you very much!





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Looks like a good prospect. I will try to study it first.
Thanks for sharing.