Introduction to Slavi.io
By: Crypto Police
Tags: Slavi, Slv, Cryptocurrency, Bsc, Crypto

Concept of Cryptocurrency

A cryptocurrency is a type of digital asset that is built on a network that spans a huge number of computers. They are able to exist outside of the control of governments and central authorities because of their decentralized nature. Cryptocurrencies are digital or virtual currencies that rely on cryptography technologies to function. They make it possible to make safe online payments without the involvement of third-party payment processors. Various encryption algorithms and cryptographic approaches, such as elliptical curve encryption, public-private key pairs, and hashing functions, are referred to as “crypto.”

Cryptocurrencies may either be mined or bought on cryptocurrency exchanges. Not all e-commerce sites accept cryptocurrency payments. In reality, even famous cryptocurrencies like Bitcoin are rarely utilized for retail purchases. Cryptocurrencies, on the other hand, have become popular as trading tools because to their increasing value. They are also utilized for cross-border transfers to a limited degree. The emergence of cryptocurrencies and the subsequent expansion of the blockchain market, which now has a trillion-dollar market valuation, has resulted in the methodical development of a slew of solutions, systems, and services aimed at the consumers who are putting their money into the sector. The continued growth of the blockchain business has necessitated the need to simplify money flows and create a decentralized environment that mirrors the ease of the traditional financial market in terms of efficient transaction execution, brokerage, and investment.

Since then, a slew of trading platforms have emerged to serve the expanding number of digital currency users, each with its own set of benefits in terms of ease, use, service, security, and profitability. Most platforms, for the most part, provide the same functionality, which is based on the basic premise of simulating traditional trading methods while using the benefits of blockchain technology. The accessible portfolio management offerings, which have been fielded as add-ons for most trading platforms and for earning profit through service fees on user asset monitoring, have also followed a similar path of emulating existing systems, largely ignoring the fact that decentralized and traditional trading occur in wholly distinct ecosystems. Traditional financial exchanges, unlike decentralized market economies, rely on a well-established and widely recognized paradigm of centralized network functions, which are governed and overseen by governments. Through a centralized model of transaction execution, the overseers ensure interoperability and continued operations for all market participants. Though sluggish and sometimes demanding in terms of fees, the centralized system is dependable and tuned, providing consumers with the ease and dependability they want in exchange for assurances of flawless functioning. The decentralized market, on the other hand, has grown in a segmented fashion, with several blockchains and systems being established separately with no clear interaction or goal of future interoperability.

This has resulted in the formation of archipelagos of blockchains and applications in a decentralized body of water, where each blockchain and platform lacked the necessary viaducts to not only connect to other networks, but also to respond to its customers’ changing demands. Fragmentation is the famed blockchain trilemma’s fourth, unexpected, and exceedingly tough difficulty. While the triangular major hurdle of scalability, transaction speeds, and confidentiality is impeding the swift and expansive evolution of the blockchain industry and individual blockchain networks, the issue of user convenience and overall reliability of the system must be addressed to ensure global implementation and adoption of cryptocurrencies as a secure and efficient mode of payment.

Problems encountered within the Market

Notwithstanding most experts’ and polls’ positive predictions for the future of the cryptocurrency and blockchain industries in statistical terms and acceptance year-over-year, the forecasted values are just a tenth of their full potential. The existence of a slew of issues that stymie new user integration and the comfort utilising most blockchain-based services when compared to their native counterparts is the rationale for their delayed adoption.

The absence of a good user interface (UI) and a poor user experience (UX) given by the great number of existing trading programs and their service add-ons is one of the most serious issues facing the decentralized marketplace. Users are forced to hop between various types of services, accounts, and systems due to the dispersion of most required resources among diverse applications without a single platform integrating all of the essential tools for trading, culminating in an infuriating user experience that cannot complement the comfort and consolidation of traditional platforms such as Forex, TradingView, and others. On some blockchains, such as Ethereum, Bitcoin, and others, high commissions combined with heavy loads during peak trading hours prove detrimental for traders, ultimately making their activities financially unviable. Furthermore, order failures are a result of some decentralized exchanges’ inadequacies, since blockchains’ technical capabilities allow them to reflect only currencies that have previously been mined, thereby resorting to users trying to fill transactions which have already been completed. The outcome might be network screwup, as well as blockchain stress and transaction inefficiencies, all of which contribute to higher fees.

User experience will suffer and decentralization will continue to discourage new users from making an investment in the crypto market without a suitable, holistic interface and the consolidation of all essential services on a single platform secured by innovative encryption techniques and ensuring quick registration process and access through a single account. Only by attempting to emulate current, established, easy, encompassing, and centralized methods will practically all trading apps on the decentralized applications market be able to overcome the difficulty.

Access to the market is problematic because to the failure to connect to Decentralized Finance projects directly utilizing available financial access instruments, such as bank cards. Instead, users must go through many activation phases, attach their cards to sites, and then utilize wallets and other proxies to access the appropriate protocols.

The market is unsuited for providing service to more opulent users, on top of the challenges experienced by typical users, the majority of whom have little cash to invest. There are no decentralized applications for booking premium services directly, essentially blocking out rich consumers who are accustomed to quick and efficient interfaces for obtaining a wide array of services offered at higher costs.

The issues, when taken together, are halting obstacles for the cryptocurrency market, demonstrating a long history of disregard for interoperability and consumer usability dating back to the early days of exchange creation. This situation can not only be improved, but it is also a must for the sector to begin developing and achieving the “mainstream acceptance” that is being touted and acclaimed by almost all applications and protocols as the industry’s supreme objective on a worldwide scale.

This is where Slavi.io comes in.

What Solution does Slavi.io offer?

Unification and interoperability are desperately needed in the bitcoin economy. The remedy does not lie solely in the creation and widespread adoption of cross-chain technologies. The crypto industry’s only genuine asset is its people, not its dollars. Only initiatives that set their particular priorities on ministering to the wants of users and provide them with a successful transition from their current financial ecosystem to the decentralized realm have a likelihood of attaining global acceptance. While most projects focus on certain aspects of the decentralized trade ecosystem, the Slavi project intends to bring together all of the more prominent and needed offerings and blockchains in an unified platform with a single interface.

The Slavi project is developing an ubiquitous and holistic SuperDApp that will allow users to take use of all of the blockchain’s advantages in the shortest amount of time possible. Adopters of such an app would have access to all of the accessible and essential financial tools for making informed financial judgments as well as monitoring portfolios with a variety of management alternatives. Users of the Slavi application would be able to utilize the complete range of services accessible in a typical financial setting. From generating a crypto bank card to purchasing cryptocurrencies using a standard bank card, the Slavi project will provide all of the required tools and portals through a single, easy, uncomplicated, and complete interface.

About the unique Slavi (SLV) Token

The Binance Smart Chain (BSC) is a blockchain network optimized for the implementation of smart contract-based apps, and the SLV coins are developed on it. The Slavicoin Experience is a high-end ticket that enables users to access solutions and commodities in cities such as London, New York, Paris, Dubai, Moscow, and a slew of others. It also provides users with access to all of the Slavi application’s capabilities and functionalities, as well as different DeFi applications.

To get started with Slavi project, click any of the link below:

Website: https://slavi.io/

Contract: https://bscscan.com/token/0x187d0bf09572b10c89e717b9473e07a5a157855a

Email: team@slavicoin.io

Telegram Group: https://t.me/SlaviDappGroup

Telegram: https://t.me/slavicoin

Twitter: https://twitter.com/slavicoin

Instagram: https://www.instagram.com/slavi_coin/

Github: https://github.com/slvlabs