Noticeably, the world is evolving in it's systems daily, and global payments undisputedly moving towards a digital ecosystem.
With the establishment of Crypto currency ecosystem (which was established essentially to create a decentralized platform, with secure currency that could serve as a form of universal cash, and replace all forms of fiat currency in the world), and innovation of various industries, stimulated by blockchain technology still on the rise, there still exists, numerous setbacks that hinders the growth of the blockchain system;
1. Absence Of Basic payment Functions For Large Commercial Applications;
At present the blockchain is tailored to suit common users , with little or no provision for complicated applications to serve official use, making it difficult to meet the daily payment needs of enterprises.
2 Lack Of Operational Support Systems;
Most focus of blockchain programs is wired towards their complex applications in the payment industry, with the need for proper and operational support system places in the backdrop. Thus, neglecting the primary importance of support system which is meant to guarantee the service quality of the platform.
3. infrastructure Issues Of Blockchain Technology;
There exist plenty shortcomings in terms of transaction performance, cross-chain payment, and account support.
THE VISION OF ALCHEMY
Alchemy global payment solution is set to provide open source protocols and rapid products development platforms, for the ecosystem partners to help them with fast, secure, flexible, and fast-growing payment solutions, based on the decentralized, smart contracts, and consensus mechanisms from blockchain technology.
ALCHEMY GOAL
The goal of alchemy is to design payment protocol through an improved community consensus, in other to build a decentralized , and transparent platform, to improve the use of cryptocurrency; and most importantly to return the rights of payment to the merchants, the customer, and the market.
HOW CAN THIS SYSTEM BE ENGINEERED?
With the aid of a competent team endowed with deep understanding of the payment industry and operational experience.
FEATURES OF ALCHEMY
1. Open and scalable alchemy protocols to establish payment industry norms and promote changes in the payment industry.
2. Use lightning network technology to achieve real-time transaction of existing electronic payments.
3. Offer the most efficient and effective support for various cryptocurrency payments for consumers and businesses.
4. Provide basic payment functions and solutions for large scale commercial applications...
5. Providing a seamless decentralized network, facilitating dispute arbitration, custody, credit scoring, risk control, anti-fraud, clearing, etc. Aimed at improving operational efficiency and reducing operating cost.
Overall, the Alchemy ecosystem aims to innovate the system of payment of cryptocurrency, making it more convenient, safer, and secure, than it's predecessors. Creating a more comprehensive, safer, and secure, cryptocurrency platform for merchants, more efficient, than ten current aggregation payment scheme.
In conclusion, it's time to take advantage of the diversified transactionary benefits, and multiple payment features and infrastructures the Alchemy platform envisions itself providing the crypto community. It would be an opportunity lose to miss out on being amongst the early investors and crypto users whom would benefit from the cross-border/cross-chain payment options, that are only exclusive to the payment consensus protocol from Alchemy.
Links
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ANN THREAD
Writer's Information
Bitcointalk Username; Tej_owumi
Bitcointalk Profile Link; https://bitcointalk.org/index.php?action=profile;u=2221400
