Whenever we talk about a virtual wallet, they mention the blockchain that, among other things, is one of the fashionable words in recent times. The chain of blocks is also a concept that raises a huge revolution not only in our economy, but in all kinds of areas. Understanding what that chain of blocks is is not that difficult, just like when we talk about the topic of the virtual wallet.
In this moment where that is a boom we always look for information about the topic because now instead of being a fad, every day that passes becomes a necessity since every day that passes it is more necessary to be filled with all the possible information among so many searches. and search I got with Kinesis.
What is Kinesis
A digital currency with performance based on physical gold and silver. The vision of Kinesis is to take an evolutionary step beyond any monetary and banking system available today. This application of blockchain technology is implemented by creating a new project in the space that is differentiated by the distance of any financial system of the past. Embracing and improving the old gold standard with decentralized record keeping is a hybrid evolutionary view of the storage needs of value with respect to the monetary system of our day.
How does it work
It is a platform that has been specifically designed to guarantee a solid network stability and uptime guarantees. To ensure this, not only the Kinesis ecosystem is hosted in the cloud in high quality redundant hardware, but also the network is designed to be distributed in 3 global regions of the global AWS network. This provides triple redundancy in the network for fail-safe operations.
Cloud hosting provides access to advanced infrastructure strategies that would not otherwise be quickly possible or cost effective to achieve independently. In short, the vision of Kinesis is to take a step further in the evolution, which exceeds all the monetary and banking systems available today. To do this, we base the Kinesis currencies directly on gold and silver allocated with a proportion. We encourage its use by associating Kinesis with a multi-faceted profitability system. This promotes the use of Kinesis as a currency while distributing the generated generated value and speed again.
The Current Problems
Cryptocurrency has serious problems of price volatility, which limits its usefulness as currency. They are often used to speculate, and are associated with a possession mentality, they are not used as a store of value or as a currency.
The solution that we offer with Kinesis is the creation of a digital currency backed by assets, which combines blockchain technology with two of the most reliable and stable reserves of value: gold and silver.
As time goes by, the use of cryptocurrencies increases more and more, that is why we as users and businessmen look for a solution to our cumbersome situation. Here with this new method of crypto-medal, we already have the solution to our problems. Kinesis team has designed and developed its cryptocurrency with the objective and vision of staying in the foreground; since it is an accessible, usable and reliable digital currency worldwide that forms the basis of a new Monetary System.
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Great article, @miamagy!
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