Atox - passport to future finance


Atox - passport to future finance

How crazy is the token economic market? From almost nothing at the beginning of 2014 to the peak of 2018, the total market value exceeded $810 billion, which is about 50% of the world’s gold value and 25% of the total value of the world’s banknotes. The entire industry chain of the token economics includes, but is not limited to, digital currency projects, exchanges, wallets, media services, mines, payments, and so on.

Along with the rise of the industry, Token ushered in the era of “hundred schools of thought contends”. As a large number of heroes all rise, the token economic transactions were in full swing. However, with the prosperity of the blockchain ecosystem, the transaction requirements of token assets were higher. Centralized token asset transaction may soon become obsolete as they lose the opportunity to use blockchain technology to improve capacity and efficiency. The decentralized transactions have become a trend.

The ultimate torture of the coin circle

In early July 2018, the founder of Ethereum, V God bluntly stated at the TechCrunch blockchain theme salon, “I hope the centralized exchange will die.”

The problems of centralized exchange have already made the whole coin circle count it as a personal favour. Centralized trading has become a “leek harvester” and the security problem is extremely serious. In addition, the centralized exchange is still a land of corruption and infighting. This is a world completely contrary to the spirit of the blockchain, centralized concentration, monopoly and corruption, all of these crises, making V God ran out of patience.

Is the future world of block-chain, centralization or decentralization? This is becoming the ultimate torture of the coin circle.

Almost everyone believes that decentralization is the right way to arrive in the future. However, decentralization also has its own drawbacks. The big problem with decentralized exchanges is that the efficiency is too slow and the user experience is not too good. That is to say, there is a problem with centralization. We all know that we have to change, but the road to “decentralization” is extremely rough and tortuous.

Is there a preferred solution?

Preferred solution

The era of blockchain has realized the era of “freedom of trading assets.” Only decentralized transactions have the possibility to achieve this freedom. “This is indeed an interesting solution to reach the future.” And many projects have begun to try this direction. Under the background of such a great era, AtoX, a public-chain system jointly researched and developed by technical experts from the United States, Japan, South Korea, Russia, and Switzerland, was conceived and developed, and its technical indicators exceed the current leader in the cross-border payment industry- Ripple.

Based on blockchain 4.0 technology, AtoX adopts AI technology to solve cross-chain technology. Through a centralized, distributed and artificial intelligence service sharing platform, it overcomes the problem of decentralized efficiency. Users can simultaneously put multiple tokens into a wallet. This is which many token asset wallets fail to do. The innovation of AtoX technology is convenient for many users. It does not need to download two token asset wallet apps or even more. You only need to use AtoX to achieve multi-coin coexistence. Users do not need to monitor and use multiple “wallets” at the same time. The innovation of technology brings about efficiency and convenience.

In the era of block chain, all remaining token assets should ultimately have the properties of application and circulation, but due to the limitations of the underlying protocol of the blockchain and the delay of the block nodes, the transfer can be paid for several hours or even tens of hours without being able to arrive in time. AtoX’s lightning payment specifically solves this delay problem. When a transaction is initiated, it is completed in 3 seconds, avoiding too many operations and cumbersome processes, allowing you to make payments easily, at anytime and anywhere and promote the value application and circulation of the token assets.

The road to the future

Atox has long been aiming to become the world’s fastest and most scalable first brand of cross-border settlement, enabling real-time cross-border settlement services anywhere in the world.

In terms of time, the AtoX network shortens the cross-border transfer time that takes one day or longer to the second level; In terms of transfer fee, it avoids the need to pay large fees for large transfers - it is reported that at present, about 2.5 to 3 trillion US dollars of cross-border payment settlement in the world, it involves a transfer fee of 10 to 15 billion US dollars.

The emergence of AtoX will improve the efficiency of cross-border payment, change the overall pattern and appearance of international settlement, and save a lot of cost. At present, AtoX focuses on providing a cross-border payment solution for large financial institutions, and is supported by many commercial organizations and banks with broad market prospects.

The evolution from centralization to decentralization is overwhelming. A completely decentralized trading platform, AtoX, is about to be born. What kind of “bloody war” will the coin circle meet? From the body of the AtoX, we can see again that the biggest pain point of the blockchain is the landing. How to combine with the traditional industry to solve the pain points can make the blockchain bloom with the energy it deserves.