Aryacoin: Safe Crypto Web Wallet?
What Is Aryacoin?
Aryacoin is a peer-to-peer electronic cash system that enables users to send and receive payments directly from one party to another, and allow them to transfer funds across borders with no restriction or third party involvement. The blockchain-based system embraces the digital signature, which prevents double spending and low transfer fees, which enables users to transfer huge amounts with very low fees. The proof-of-work consensus mechanism allows each transaction to be verified and confirmed, while anonymity enables users to use the coin anywhere at any time.
Once you create an account on Aryacoin website, you automatically get the Aryacoin wallet. You can access the wallet through the web and mobile browsers and by using your login details.
Problem Aryacoin seeks to solve
Aryacoin aims to provide a long-term solution to the problem of double spending, which is still common in the crypto market. The developers of the system have created a peer-to-peer distributed timestamp server that generates computational proof of the transactions as they occur.
Besides, the system remains secure provided honest nodes control more CPU power than any cooperating group of attacker nodes. While Bitcoin was designed not to be regulated or controlled, many exchanges and governments have put regulatory measures on the pioneer cryptocurrency at every step. Aryacoin aims to overcome these restrictions as a free digital currency.
How Aryacoin Works
Aryacoin is a no-restriction digital currency. It borrows many features from Bitcoin and Litecoin. However, there is a difference in how it will be used in the real world, and how users will trade and exchange it. The coin will have designated platforms in various locations that will enable users to just walk in and trade the coins without any restriction. Therefore, the coin will be anonymous.
When it comes to transactions, Aryacoin embraces a chain of digital signatures, where each owner simply transfers the coin to the next person by digitally signing a hash of the previous transaction and the public key of the next owner. The recipient can then verify the signatures to confirm the chain of ownership. Importantly, Aryacoin comes with a trusted central authority that checks every transaction for double spending.
Benefits of Using Aryacoin
Aryacoin solution offers the following benefits:
- Real-time update: whether you’re going on a holiday or a business trip, no problem. You can access your coins all over the world.
- Instant operations: Aryacoin makes it quite easy for you to use your digital wallet and perform various operations with it.
- Safe and secure: all your data is stored encrypted and can only be decrypted with your private key, seed, or password.
- Strong security: The system has no control over your wallet. You are 100% in charge of your wallet and funds.