Korona Coin: Providing Solutions For Security & Speed, Linking Conventional & Decentralized Blockchain Based Payment Systems
Korona Coin: Providing Solutions For Security & Speed, Linking Conventional & Decentralized Blockchain Based Payment Systems
Following wide consensus identifying the limitations of Bitcoin & Ethereum in the area of higher fee, longer transactions completion time among others, a team with in-depth knowledge of this limitations has come up with a platform conceptualized to create a lightning-fast network to fast-track the Crypto Economy 2.0 and the platform is called Korona Coin – a highly functioning network of diverse applications with features that support private users and businesses that strive for the benefits of blockchain payment solutions. Invariably, Korona Coin can be used for everyday purchases of goods and services.
The Korona coin was launched in Budapest, Hungary on February 15th, 2018. The Korona Coin team has developed a better solution for issues that has to do with cost and speed. According to trusted experts in the blockchain technology, the Kona team is developing the most reliable, bias-free, decentralized, Blockchain based, efficient transfer technology and ecosystem to make the banking industry function easier and will provide a connection for the real world economy and the crypto economy. In other words, Korona Coin is a decentralized system that plans to provide users with an easy-to-use, transparent and licensed platform.
WHAT MAKES KORONA COIN TOP-NOTCH
A cursory look at this cutting-edge technology as revealed by the project infographic overview shows that the project has three main supports; Korona Coin Payment Framework, Korona Coin Cryptobank and External Exchanges.
Korona Coin ’s Environment will facilitate comprehensive integrated bankable service packages that shall be provided jointly for both the private and business customers. Interestingly, consumers shall be provided with easy-to-use, transparent and licensed platforms that fulfill their multifaceted requirements: including wallet management, fast and low-cost payment technology among other intriguing facilities.
Users of the platform will be able to get support services including taxation information, market access support and client protection among other support services.
FUNDAMENTAL FEATURES OF KORONA COIN
Korona Coin API is created to ensure it provides solution for security and speed. It has been modeled to link traditional payment system and decentralized Blockchain based payment systems.
Reward System: This will basically enable newbies Merchants to earn a reward by accepting tokens in their daily trading transaction.
Wallet Management – Korona Coin has developed the Korona Coin wallet for individual platform users that can be downloaded for Windows, Linux, and Mac OS. Users will get a public and private key which can be used in transactions.
Personal Storefront – Merchant can create a personalized storefront with Korona Coin marketplace.
Volatility tempering mechanism is utilized to minimize the short-term negative movement in the token market.
Korona Coin Cryptobank will provide almost all the services that are provided by the traditional bankers. It will be helpful in day to day commercial activities.
Korona Coin will provide the additional marketing opportunities to the member merchants which can be used to expand their market. Not only that the individual members can find the information about the shops where they can trade using tokens.
Fiat Guarantee system would enable the transactions among token using customers and authorised money using traders or the other way round. Though the customer paid using tokens, the system will ensure that the merchant is getting paid in fiat currency.
The instant Payment system will enable the instant payments using smart wallet management system. In future, Korona Coin users will be able to make the payment using tokens through Korona Coin mobile wallet.
THE KORONA COIN
Now to the big one, let's have a perspective on the value laded Korona Coin. The Korona Coin is a European based crypto token, modelled for real, extensive, everyday use for acquiring goods and services. You know what, it will be supported by a new, efficient transfer technology and with a complex ecosystem that includes a wide range of banking and commercial services. Korona Coin will establish the missing link between the crypto economy otherwise known as the virtual world and the economy of the tangible ecosphere.
Korona Coin is hoping to become a typical face of cryptocurrency, even as there are many helpful aspects to them, like their express authorization of conversion without the use of a third party among others.
To conclude on the Korona Coin, it integrates everything that a crypto investor will need into a single place that is easy to access. It will feature a generous reward system that provides users with tokens simply for utilizing the service and Korona Cryptobank according to experts review exists so that businesses and other registered high-volume users will have access to support above and beyond what the typical user will receive in the course of the transaction.
CONCLUSION
We asked for it and now we have it. Korona Coin is the next big thing, well positioned to bridge the limitations gaps of Bitcoin & Ethereum in the area of, higher fee, longer transactions completion time among others in the blockchain space. More interesting, you can always access your Korona wallet directly on your phone, and even take advantage of the Korona Coin instant payment system as another support for the global marketplace space.
THE TEAM
I cannot end this piece without commending the team that conceptualized this revolutionary project and platform. From Jean-Marc Stiegemeir Head of Management, Attila Bustya, Chief Technology Officer; Istvan Lorincz, system Engineer; Gabor Hajdu, Legal Expert, Robert Balazs, Head of Market Development; Felicia Flora Kovacs, Head of Communication; Roxana Lonescu Program Coordinator; Zsolt Kolumbia, Head of Software Development, Laszlo Simon, Financial Consultant; Dr Trinh Anh Tuan, Adviser on Blockchain Technology among other members of the team who were instrumental to this breakthrough project.
For more insight about the Korona Project, please click on the links below:
WEBSITE: https://koronacoin.io
TELEGRAM: https://t.me/koronacoinio
WHITEPAPER: https://koronacoin.io/Documents/KoronaEcosystemWhitePaperFinal.pdf
FACEBOOK: https://www.facebook.com/koronacoin/
TWITTER: https://twitter.com/KoronaCoin
REDDIT: http://reddit.com/r/koronacoin
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