Sulaswolupapat: CHANGENOW

CHANGENOW

The crypto space is still evolving as many advancements keep coming in, in the same way, challenges which must be solved so as to promote the wide adoption of blockchain and the crypto space as a whole. Some of the advancements include the use of smart contracts, other versions of blockchain offering high Transactions Per Second etc, while challenges include security, centralization in most cryptocurrency exchanges etc. There are certainly two types of cryptocurrency exchanges;

a. Custodial: Stores users funds (cryptocurrency) until it's been requested,

b. Instant: Operates separately without having access to users private key.

Most times one might ask since blockchain offers decentralization, why is most cryptocurrency exchanges operating on a centralized platform, while being within the crypto space?

This is a big question which a project known as CHANGENOW aims to answer.

Blockchain technology offers decentralization where users will have power over their personal data, but with cryptocurrency exchanges operating on a centralized database that main aim of blockchain technology has been cut short, which has in most cases resulted in hacks etc. ChangeNow aims to bring a great turnaround in the crypto space by presenting a convenient way to exchange cryptocurrencies, thereby solving issues associated with current cryptocurrency exchanges.

THE PROBLEMS

One of the key problems in the world is centralization. Centralization is one of the problems blockchain aims to correct. Centralization is when data is saved on a central server or database, this leads to a high risk of data manipulation as users have no control over their data. In this crypto space, blockchain technology aims to make users the master of their personal data but with cryptocurrency exchanges accumulating users funds in their hosted wallets, users are still at risk even when they are within a system offering decentralization.

Centralization and security issues work hand in glove, this is because, with data or funds, in this case, being saved on hosted wallets, users funds are at the risk of getting hacked. Furthermore, technological failures and human errors are not left out, all contributing to data breaches where funds can be easily hacked.

Lack of transparency is yet another cause for concern as most transactions between users are not transparent enough, with most services keeping their inner operational details discreet, thereby leading to distrust and potential of frauds which goes a long way to discourage users.

When users encounter problems and need urgent attention, when they contact the customer care executives, the reply they get will even discourage them the more. This is as a result of the customer care executives not having the right answer, as they will have to contact developers first before replying the user which might take hours or even days, most times the reply users get will be off point and of no use.

The last but not the least is issues of usability. Private keys, wallet addresses, hash addresses etc are only for experienced users, as new users find it tasking navigating around exchanges.

CHANGENOW PLATFORM

The solution to this problems is ChangeNow. ChangeNow is a web platform created by brilliant minds so as to make the exchange of cryptocurrencies easier and convenient.

ChangeNow solves the problems by focusing on decentralization, thereby making it possible for users to be in charge of their funds. With the focus on decentralization, ChangeNow reached a good level of transparency as well as funds security. Also, ChangeNow platform has performed many penetration tests to ensure optimum security is guaranteed, including minimizing human errors through the utilization of advanced technologies available in the decentralized space, all the while implementation of operations will be made transparent as well.

ChangeNow also has well-trained customer care executives and they are readily available (24/7). To ensure high-quality services, the customer care executives are integrated into ChangeNow's activities so as to serve users well. Furthermore, ChangeNow offers a user-friendly interface where any user can freely navigate.

ATTRIBUTES OF CHANGENOW

ChangeNow is not a custodial exchange.
ChangeNow is a web platform designed to be simple, safe and convenient for users.
ChangeNow collects no hidden fees, thereby staying honestly with customers.
ChangeNow offers faster transaction, with 5 minutes being the most when it comes to high transaction volume.
Users can exchange more than 100 cryptocurrencies as well as having the opportunity to convert to fiat.
By leveraging the attributes of blockchain technology, such as decentralization, transparency and anonymity, funds protection is assured as users are in control of their funds.

CHANGENOW TOKEN

ChangeNow token NOW is currently an ERC20 token built on Ethereum blockchain, with possible migration to EOS blockchain after the launch of their mainnet, thus converting all tokens on a ratio of 1:1. NOW is a utility token with the total supply of 200,000,000.

Users will benefit by having high support within the platform as well as the special rate for exchanges. While the community will benefit from occasional bounty programs etc.

CONCLUSION

ChangeNow is an outstanding platform where users will be able to exchange different types of cryptocurrencies at a faster and more cheaper rate, while at the same time being in control of their personal data. ChangeNow offers a convenient and easy to use interface so that both new and experienced users will have the opportunity to participate without issues.