VName, Offering a Unique Identity for Safe and Fast Fund Transfer

The world is adopting new technologies pretty fast. First smartphones and now technologies like VR, AR, and Blockchain are forcing the innovators to develop new platforms to entertain today’s consumers. The developers are using the cryptocurrencies and blockchain to offer more viable and affordable solutions. It has caused a vertiginous growth in the cryptocurrency market. The number of transactions, market capitalization, and the uses of cryptocurrency wallets and exchanges have increased pretty fast.

Such a fast growth has also increased the danger of transaction risks. There is always a risk of transferring the money on a wrong blockchain address which may sometimes cause a huge loss. Therefore, VName is offering a reliable solution for this problem. It is going to introduce a state-of-the-art verification system that will resolve all the issues related to the blockchain once and for all.

How does VName work?

To put things in simple words, the VName platform first matches the user’s blockchain address with his exclusive nickname, and then permits the transaction. Thus, the transaction takes place effectively and the users do not face a huge loss. The process starts when you enter the destination address of the other party. This platform implements a helper script that recognizes the address you have entered and then endorses the corresponding nickname of the receiver. So, as the currency transferring party, you can quickly recognize and verify the next party and then allow the transaction to take place fast.

We can summarize the whole process in three simple steps, which are as follows.

1. Enter the input address:

All you need to provide is the blockchain address of the recipient party and VName’s script will work on its own to find out which type of blockchain comprises that address and then it will find out the nickname of the receiver.

1. Verify the recipient’s information:

Once you have got the address, nickname and verified status, you can confirm the targeted recipient.

1. Make the transfer:

Now everything is confirmed and the only thing remaining is the value transfer. So, you can transfer the amount to the intended address without worrying about anything else.

Key features of the VName platform:

There are many things that turn VName into a necessary platform for transferring cryptocurrencies or fiat money on a particular address. This platform is designed to work automatically. It means, there will be no human involved whenever you will make a transaction. The transaction will take place pretty fast and it will be successful because there will be no chance of human error. Thus, any user would never make a mistake of transferring funds to a wrong address.

This platform is going to offer every user with a Nickname or VName that will be unique and terminate the chances of any spelling or reading error. So, you will receive the funds if another party has matched your VName with the blockchain address. This platform is introduced to meet the growing demands of today’s cryptocurrency market and offer a more reliable way of making fund transfer. Therefore, millions of users might like to try it and that’s why you should invest your bucks in this token.

Links:

Website: https://vname.id/

Whitepaper: http://res.cloudinary.com/dycyv4j3c/image/upload/v1520967264/VName_Whitepaper_v1.0.pdf

Telegram: https://t.me/VNAMEcoin

 

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Posted from my blog with SteemPress : https://icoshrimp.com/vname-offering-a-unique-identity-for-safe-and-fast-fund-transfer/

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