BIONIC is built to operate on Blockchain technology and it will be available on
a Blockchain. BIONIC will be accessed as a DApp (Distributed Application). Our
core reason of adopting Blockchain technology in the development of BIONIC
is to provide a decentralized infrastructure that is stable, secure and
completely scam free for all the involving parties. This also helps in achieving
our set goal of community-based system, which builds community spirit and
make them the chief controller of the market environment.
These are the reasons why BIONIC (BNC) is built on Blockchain technologies are:
i. Third party interference:
It enables two participating parties to make a secured exchange without the
oversight or intermediation of a third party, therefore reducing, or totally
eliminating counterparty risk.
ii. Empower the BIONIC community of users:
Users are in control of all their information and transactions, therefore the
market environment is totally determined by the community and not by one
iii. Durability, Reliability, and Longevity:
Thanks to the decentralized networks, Blockchain does not have a central point of
failure and is better able to withstand malicious attacks.
iv. Clearness and immutability – Nothing hidden:
Any alterations made to public Blockchains are viewable by all parties, this
creates transparency, and all transactions are immutable, this means that it
cannot be altered or deleted.