Greetings, dear friends. Today we are analyzing another Defi project. Who will try to conquer the cryptocurrency market? But the project is not easy. It's about a decentralized stable coin called Psyche Coin. Most projects today are trying to enter the market for the massive use of cryptocurrency in everyday life. This is a big step for the continued growth of cryptocurrency around the world. In 2020, most projects will again move from a centralized management system to a decentralized one, and Psyche Coin is no exception. The main idea of the project is to create a unique stable coin that will surpass USDT, as well as attract new users to the world of cryptocurrencies. In its articles, the project tells us about the difficulties of the world of cryptocurrencies with which they will directly fight. For most new users, the world of cryptocurrency is a very complex tool. Which most new users can't handle. The Psyche project team wants to solve all these global problems. Give us a stable coin, give us a network without high fees, and you jump into the cryptocurrency with tons of new users.
Psyche
So what is Psyche? It is the latest decentralized network using RefleX algorithms. The project aims to give us a high transaction speed without any commissions a stable coin for working on the network. Thus, it attracts millions of users around the world and the use of cryptocurrency in everyday life. The Psyche project team wants to make the very use of cryptocurrency easier than a credit card. Judging by the description from the blocks, we will get a unique system in the form of a mobile application, where all our decentralized finances will be stored. The main tasks for today are Security, Speed, Signed transaction, Cost, Scalability, Asset creation, Environmental friendliness.
The most interesting elements of the project!
As an experienced user of the cryptocurrency world. I am primarily interested in the security of the project. Each user will be protected by Blockchain, PIN code, and 2FA with an optional Google Authenticator. In my opinion, this is the best security measure today.
The project also emphasizes the speed of its transactions. We will be able to receive up to 3000 transactions per second, and P2P transactions take place directly through the MasterNode.
Probably one of the most interesting features of the project is that there is no transaction fee within the Psyche network. What do you ask ??? But the team really made a system that is unique in its kind. Only after the 5th transaction within 24 hours a commission of 0.25% will be charged. And since we quite rarely perform operations with cryptocurrency, the commission will be zero.
Psyche signed the transaction.
There is one big problem in the world of cryptocurrencies that users have been trying to fight for many years. When transferring cryptocurrency to any wallet, you can make a mistake and the money will go to another user. Psyche is about to enter subscription transactions within their system. This is a confirmed transfer system. Until a user on another wallet enters a unique 6-digit code, funds will not be sent. This unique system will allow users not to worry before sending funds. Even if they are mistaken, the money will not go to an unknown address. This is a big step in the world of cryptocurrencies today. Psyche solves one of the key market problems. It will be a pleasure to use such a network.
My opinion on Psyche
Of course, it is very difficult to make a decentralized project today, where the price of a coin will be equal to $ 1. However, there are no such projects in DeFI today. Also, unique offers for the market make this project very interesting. 5 transactions without commissions, high speed, and an interface that does not allow you to make a mistake in sending a transaction. The project has many unique solutions, so I would like to work with the project when it comes out.
Website: https://psyche.cash/
Medium: https://psycheusd.medium.com/
Telegram: https://t.me/psycheusd
Twitter: https://twitter.com/psycheusd
Facebook: https://www.facebook.com/psycheusd
Instagram: https://www.instagram.com/psycheusd/
Reddit: https://www.reddit.com/r/PsycheCoin/
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Bitcointalk Username: anatolij.shishkin
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2280356
ETH 0xae291938EcF7887cbD6edAa42Dec3d9abC9dEa94