Introduction
In as much as the innovative blockchain technology in still in the stage of growth and adoption and many still doubts its capacity and are yet to enjoy some of its unique features, crypto assets which is the decentralized currency of blockchain protocol is here to stay and the world has to live with this reality. Its impact has already been felt in some sectors that took advantage of its potential to find solutions to some critical problems currently bewildering our world. Blockchain tech has eliminated the need of third-party in transaction processes and offer instant execution. Some of the features of blockchain technology that makes it to be outstanding are immutability, transparency, security and decentralized and many projects have been built on blockchain technology which aim to revolutionize conventional industries and one of such project is Citios.
Executing payment through electronic payment system is hinged on trust and in a centralized system, those that have full control over this financial system are the government and financial institutions like banks. Let's assume the system are hinged on proof and not trust, executing payment electronically between two individuals will be easily possible without the need of a third-party trust verifier and by making use of instantaneous payments system like that of Citios, those using it will pay little cost for their transactions and saves time when dealing with each other thereby coming up with a new economic value. Citios is also working aggressively towards building the next prototype of the conventional cities into smart cities where the [Internet of Things]) https://www.citios.io/) (IoT) devices will be fully autonomous and capable to respond to development of city per time with less human effort.
Just envisage a city where everything runs smoothly without having to depend on human effort that is prone to errors. A city where humans can easily enjoy their lives and have fun while [Artificial Intelligence] (https://www.citios.io/) & Internet of Things makes the world more smart, better, clean and greenish. A world where we human beings will be able to enjoy autonomity at the very best it can offer us. A world where all systems in place will securely perform their functions without delaying or having to remind them of what to do. A world where all this autonomous system will work effortlessly according to how they're programmed to do. Yes, this is the world that Citios envisioned, they envisioned a decentralized world where IoT devices are incorporated into the blockchain innovation and easily and safely connect IoT together globally thereby monetizing the enormous potential of smart cities.
The blockchain of Citios platform will be of assistance in finding solutions to underlying challenges faced globally especially in developing countries. The continent of Africa will benefit enormously from decentralized autonomous innovation. We all know that when it comes to technology, Africa is not in the same peak with other continent. Let me take Nigeria for example, the electricity being generated in Nigeria is not enough for its teeming population and average Nigerian is not new to power outage again. In Nigeria, there are towns and neighborhoods that stay without power for weeks, months even for years in some other places. But with adequate funding and good implementation of the vision of Citios, developing countries like Nigeria will be able to achieve most of UN sustainable development goals (SDGs) which will be of immense benefit to these countries and their environments.
As a blockchain platform, there is a need of a coin or token that will fuel its operations, so the token which is an ERC20 compliant token that power the operation of Citios ecosystem is R2R. This token will be used to facilitate both internal and international payments among organizations within the platform. The token will be the platform standard means of payment and it will be use to pay for the services rendered through the platform. The team behind this project has set up a plan to ensure the token is of value and there's need for everyone to know that the supply of the token is fixed. It's also not a security token, so holders of it are liable to receive any dividends and value of token will continue to appreciate in accordance to viral application of the platform services.
Useful Links
https://www.citios.io/
https://www.citios.io/assets/CitiOS_Whitepaper-e9acad274b3bd3121964deeb8703ec1b97da1f8b2d78a87aa03710d1fc9538f2.pdf
https://www.facebook.com/citios.io/
https://twitter.com/CitiosOfficial
https://t.me/CitiOS_Official
https://www.reddit.com/user/CitiOS_Official
Writer's Details
Bitcointalk Username: Ifezanku
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2587908
