Cryptocurrencies have entered into our lives and become increasingly important. Many people were attracted by the impressive market growth in 2017; we can notice a positive trend on any long-term period through many indexes. However, each of the five cryptocurrencies with the biggest capitalization has some major setbacks as of the first quarter of 2018 which make them inefficient as a payment system; developing new solutions is very slow.
Ethereum-like networks have been created for the smart contract using which makes them even more unusable as payment systems. Some networks, Ripple-like, have been developed as centralized venture startups, that’s why we can’t consider them as protected way of transferring of the value. The Bitcoin Cash and the Litecoin are derivatives from the Bitcoin network. They appeared as upgraded and advanced versions of the primary network, however, they have an arguable reputation because of the informational noise, accompanying to their launching and development, and distrusting from many Bitcoin users.
So, despite the global interest in cryptocurrencies, there are no technical solutions, that is decentralized and independent from third parties, which can fully provide safety of transactions and confidence in blockchain-based payment systems on the market. The Cashbery Coin is intended to be such solution, using PoW/PoS algorithm for providing decentralization, safety, speed and low transaction costs.
Cashbery
