Chains- Adaptation to many areas in blockchain technology
Chains
Introduce
As blockchain innovation continues to grow and become user-friendly, the onus is on every individual who wants to learn this emerging technology to prepare for the future. If one is new to blockchain, then this is the right platform to good foundational knowledge. A blockchain is a database that stores encrypted blocks of data then chains them together to form a chronological single source-of-truth for the data. Digital assets are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralized, allowing full real-time access and transparency to the public
A transparent ledger of changes preserves the integrity of the document, which creates trust in the asset. Blockchain innovation inherent security measures and public ledger make it a prime technology for almost every single sector. This is where platforms like Chains come into the picture a fully-fledged ecosystem where users can earn, trade, and invest all under the same roof.
What is the Chains Platform?
It’s different today to make starting and ending easier by using the power of blockchain solutions. For more explanation, Chains is building a stack of interconnected cryptocurrency-enabled solutions, designed to make cryptocurrency more accessible to users who are neither investors nor technologists. Their long-term goal is to provide businesses and individuals with a single-account experience that spans the full spectrum of cryptocurrency and blockchain based services.
The global exchange roadmap for cryptocurrencies is growing daily, bringing new properties. That will drive the trade to become more efficient and well distributed in the market. New platforms like these will succeed in establishing an emerging ecosystem with an environment that supports their features.
Launchpad
This is one of the upcoming products in Chain’s development plan, and from my research, I found the Chains Launchpad is a built-from-scratch token sale platform that supports native and external payment gateways, vesting mechanisms, and multiple blockchains. Chain’s own native utility token, CHA, will be the first token to be made available for sale on the Launchpad.
Prism
The Prism platform is a powerful analytics product due to launch in Q4 2022. Prism provides Chains’ users with the ability to track and measure a variety of assets — cryptocurrencies, fiat currencies, equities, commodities, and more. Prism is an analytics service developed by Chains. Prism allows you to track and measure the value of cryptocurrencies, major fiat currencies, stocks, and commodities based on your preferred underlying asset. For example — you can see the price of Tesla stock denominated in Gold or the price of Bitcoin in Litecoin.
Some of the services that Chains plans to tap and offer include, but are not limited to:
- Single-account Earn — Invest — Spend experience
- Token Launchpad
- Services Marketplace
- NFT and Products Marketplace
- Payment Gateway
- Debit Cards
- Cryptocurrency Exchange
And of course, these products will also be deployed soon in the development of Chains, which proves the seriousness of creating a completely quality product for all parties to use.
Token
CHA is the native cryptocurrency of the Chains ecosystem. It has the following token distribution:
CHA tokens are designed to provide users with utilities such as:
- Stake-based participation in the Launchpad
- Stake-based discount on trading fees
- Free discounts when using CA as a payment method
- Access to EIC (see: Marketplace)
- Payment Subsidies
- Discounts on Launchpad token sales
It’s important to note that users will be able to participate in the token sale and buy CHA exclusively through a launchpad on Chains. The sale is going on and everyone who is interested in being able to buy early before it becomes popular in the market may be interested in this article. Cross-chain interoperability. Since CHA will be a multi-blockchain token, users will have the ability to swap their tokens across chains. This will be facilitated via a cross-chain swapping mechanism provided by Chains.
Conclusion
This enhances our confidence in the database and its content. In our society, we often rely on trusted third parties, such as lawyers, courts, banks, and governments, to process and keep authoritative records of our commercial transactions. commercial. And I firmly believe that Blockchain is increasingly proving the solutions it creates in life, with Chains perhaps not a strange project for many people, but with the upcoming roadmap, hopefully those who have accompanied and trusted not to miss the opportunity to join Chains at the earliest.
Website: https://chains.com/
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