Aug 4, 2021
REVIEW OF COINCHUM: A Sophisticated P2P Cryptocurrency Marketplace
UNDERSTANDING COINCHUM
Unbanked individuals throughout the world will benefit from the Coinchum Marketplace Ecosystem, which offers a full peer-to-peer transaction system. They have a user interface that is carefully designed to meet the needs of their users, while simultaneously ensuring that all transactions are peer-to-peer. This creates a market system that is more transparent and competitive. To suit the demands of its consumers, their platform blends a real-time monitoring system with numerous market tools that guarantee the analysis process runs smoothly. Coinchum is not only a marketplace platform, it is also a multi-functional platform that supports multiple transaction procedures with the possibility to receive a more profitable transaction offer from the marketplace. Using Blockchain technology to power its marketplace, Coinchum provides a more trustworthy platform.
Using a robust foundation backed by multi-layer security integration, the Coinchum team created a platform with an advanced structure. Multiple transaction processes will be subjected to an automatic audit process, using a specially built algorithm, in order to minimize fraudulent transaction processes. Users can choose from a variety of different coin options, learn about crypto through their courses, and fees are more reasonable. Their platform also offers 24/7 team support to assist users with their problems. With Anti-Scam Features (Before & After Trade), 2FA, and Assets Insurance, the Coinchum team aims to create a new, more creative multi-functional platform that is easy to use and safe for users.
MULTI-LAYER
A new complex ecosystem with world grade security, Coinchum integrates multiple layers into one ecosystem to provide both transparency and security for its users. There are four levels in this ecosystem that will secure the transaction process.
LAYER-1
MPC (Multi Cloud Services) is a mechanism for sharing private keys across several servers and is combined with CMP (Certificate Management Protocol) to prevent access by one party, such as crackers or hackers.
LAYER-2
A new, more secure encryption technology that relies on a combination of CPU and RAM to prevent private key leakage, SGX encryption assures security even if a thief has complete control of the system (Software Guard Extension).
LAYER-3
This layer adds an authentication procedure to each transaction before it can be completed, which lowers loss even if there is a data leak in the system.
LAYER-4
An advanced algorithm calculates risks automatically, so the authentication process is also executed automatically with a sophisticated audit system.
BENEFITS
Through the Tier System, Lucrative Referral Program, Multi-Crypto wallet, and SPAC, the Coinchum ecosystem gives its customers a variety of perks. In order to ensure that the interests of its users are protected, Coinchum was built for long-term use. Market research is also more trustworthy and profitable with the comprehensive analysis function, thanks to the new Blockchain-based Peer to Peer system that has been introduced to the worldwide market.
POTENTIAL FOR MARKET GROWTH
As a result of the Pandemic that occurred in the last year, Cryptocurrency has become one of the markets with stable development. The total market value is now more than $1 Trillion, more than doubling from several years ago. Here’s a look at what’s going on in terms of development.
CONCLUSION
Users benefit from a protocol with high security and lower transaction costs, as well as a Tier System and Lucrative Referral Program. The Coinchum team also offers users unique benefits such as Tier System and Lucrative Referral Program. Due of its initial focus on the most in need regions, this initiative is very creative and has great potential. Hopefully, you’ll be a part of this project, which has great potential!
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Author’s details
Bitcointalk username : Oluwaplenty01
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BSC wallet Address: 0x99fa04750fF40D10EaD3351985658a673A6fD44F
