INTRODUCTION
Everything this world needs to sustain and grow has been transferred to internet. We have become masters of IT and advancements in IT has brought such an ease to the life that was never thought of before. Starting a business, acquiring the best talent for the company, completing your studies, reaching more customers to enhance awareness, developing a new product, from anything to everything internet knows it all. The digital economy has changed the traditional ways and smart ways of doing things have been adopted by the mass population to do things that involves sharing of data and creation of it on a very large digital space. The terms big data, cloud computing are all designing the workspaces and helping the business to carry out their decisions more fairly and with mire security. All the big data of companies is stored in databases that are integrated and synchronised with the smart devices to increase their digital accessibility. Cryptocurrency is another term that is growing very fast in today's economy especially in the trading sector where buying and selling of any product or any service is involved. The cryptocurrency us backed by block-chain and smart contracts to enhance user experience by providing a safer environment for conducting exchange. It is a more reliable system that helps to build more trustworthy trading communities for all the parties to carry out safe transactions. But today cryptocurrency lacks scalability and awareness to expand its use over a large population. Till now its use is limited to small group and also very less industries have come forward to adopt it and integrate it with its traditional payment system. LOCALCOINSWAP is a decentralized digital platform that allow convenient trading in terms of cryptocurrency.
LOCALCOINSWAP
It is a decentralized platform that aims to create a secure, transparent platform for buyers and sellers to induct trading in cryptocurrency. The platform develops a virtual marketplace to provide a hassle-free peer-to-peer platform to ensure safe trading. The users of the platform don't have to go through complex and unnecessary registration and verification that consumes a lot of time. For traders to integrate block-chain and cryptocurrency in their traditional system, Localcoinswap provides an opportunity to the traders to trade directly in cryptocurrency. The users can simply login and search the various deals available. After exploring various alternatives on the platform, the user can decide for the payment method and then finally enter into a trade. The platform uses a safe and encrypted escrow system which holds the cryptocurrency while direct payment is made between the traders. On the completion of dealing and payment being received, cryptocurrency is transferred to the buyer and trade is closed. The platform also works as a great investment opportunity in the form of cryptoshares. The interested investors can buy LCS cryptoshares at the time of ICO using the different types of cryptoshares available on the platform. After receiving the payment cryptoshares are sent through smart contract. At the end of the financial year, LCS Dividend Tokens are received by the investors. This exchange platform creates an inclusive exchange and a transparent platform and keep all the funds secure in the cold-storage.
CONCLUSION
The simpler procedure provided by the platform for trading of cryptocurrencies is sure to bring the ease of use for the industries to maintain their sustainability and their upgradation to latest trends and technology. The platform allows trading of different cryptocurrencies inside the platform. This save the time of the user from the complex processes and is also cost-effective because trading on external markets is costly. The platform builds a trusted P2P ecosystem where everyone is treated as a valuable member to contribute their ideas for business development.
Website - https://www.localcoinswap.com/
Whitepaper - https://www.localcoinswap.com/LocalCoinSwap_whitepaper_v1.0.pdf
ANN - https://bitcointalk.org/index.php?topic=2916403.0
Telegram - https://t.me/localcoinswap/
Published by - prince0200
Profile - https://bitcointalk.org/index.php?action=profile;u=1807689