Cryptocurrencies such as bitcoin, Ethereum etc though not yet an household name, are quite popular and this is because investments in these currencies yield appreciable profits quickly and users have been estimated to be between 3 million to 5 million in the short time of its creation especially since some companies are now specializing in trading these cryptocurrencies for users.
Despite the profit acquisition derived from bitcoin, it has not been adopted or successful accepted by majority of the masses and this is because to every average person in the society, the process involves a lot of complexities that cannot be easily understood which makes them draw back and also the fact that although it is a currency but it cannot be used to pay for things like bread, milk, subscription bills and this reduces the importance of cryptocurrency greatly since all the use cases do not involve the day to day purchase by an average person.
It has therefore become important that if cryptocurrency is to maximize its potential and gain full acceptance by the masses something urgent must be done to alleviate these fall outs, this in turn led to the creation of the Sidera project which through decentralized wearable devices will not only eliminate these fallouts but also make available to users avenue to maximize the use of their cryptocurrencies.
S I D E R A
This is a blockchain powered platform created with the aim of introducing the first decentralized wearable device which will serve as a means of allowing cryptocurrency users and owners to be able to use their funds in point of sale retail through the application of smart watches and smart bands.
The Sidera platform intends to create an avenue whereby cryptocurrency can be accepted generally by the masses thereby increasing the demand for it in the society and it plans on achieving this by putting in place several top class features as well as through the introduction of a first of its kind distinct Wearable Device (DWD) that is completely decentralized and worn around the wrists by users.
This decentralized wearable device gave rise to SmartBit devices which is a novel idea to use smart watches and smart bands that is powered by blockchain technology to make sure there is ease in using bitcoin and other cryptocurrencies in the day to day buying and selling activities that people engage in.
SmartBit devices offer the following features to its users:
💥Safe Anti theft system to ensure that the device is secure from theft and this is implemented through the use of 12 words stored as passwords in the sandbox device of the SmartBit device which is safely guarded at the military level of AES-2048 which is impregnable and with only these 12 passwords can the funds associated with the smart watch be accessed.
💥Ghost mode is a feature integrated for the purpose of concealing the presence of a smart watch and the cryptocurrency wallet on it. Once activated the settings of the smart watch changes and completely moves from a cryptocurrency wallet feature to a regular smart watch.
💥Wrist to wrist transactions can be conducted with other SmartBit devices in close proximity as these devices can send or receive cryptocurrencies from one another without the need for them to log in their apps which simply implies that off chain transactions are made possible anywhere anytime without the need for internet connection. All off chain transactions are later updated to the companion app upon later login.
Token information
The token of this platform is known as eQUOS that is created according to the ERP-20 standards and is in the rate 1USD to 0.5eQUOS.
Token and Funds Distribution
Advantages of the brand new Sidera platform
It generates a wide range of benefits for all parties involved with the use of cryptocurrency and some of them are:
Encouraging mass adoption of cryptocurrency by the average individual in the society e.g. Bitcoin as a means of paying for goods and services such as paying subscription bills and buying food products from the general market.
Provides to users a means by which they can trade on the go through the use of smart watches which can be used to send or receive cryptocurrencies.
In conclusion, the Sidera platform will help the ubiquitous distribution of cryptocurrency for day to day activities by users which will in turn allow cryptocurrency to gain popularity.
Roadmap
Stay updated with the project by visiting any of these links below;
Website: https://sidera.io/
Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf
Telegram: https://t.me/sideraofficial
Linkedin: https://www.linkedin.com/company/sidera-blockchain-technologies
Twitter: https://twitter.com/siderabc
Facebook: https://www.facebook.com/siderablockchain/
Reddit: https://www.reddit.com/user/SideraBlockchain?st=JIRSDIAI&sh=dd548a81
Authors information
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1954514