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 central entity.
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.
