BlocPal Blockchain Cryptocurrency MicroPayments Solution Has Unified Wallet for Storage
BlocPal Has Enabled Mcropayments With The Use Of A New Blockchain Solution
The cryptocurrency concept was first put in place with the use of the Bitcoin project. Thus, this has been able to change the way transactions are made and has been able to allow for the peer to peer exchange of asset value without having any intermediaries.
Bitcoin was launched a decade ago, and since then there have been made several crypto coins that have come out in the market. Each of the new coins bringing about new features; like the use of smart contracts or having the advanced consensus protocols. If we looked back a few years ago, the popular coins were mainly Litecoin, Bitcoin, and Ethereum, but today the market has been flooded with over 1500 coins.
Some of this coins have been considered to be the top coins, and as an investor, these are worth to consider to have in your portfolio.
The Crypto Market Is Continually Growing
The crypto market is slowly growing; as a result, many of the analysists in the market have agreed that the market is reaching the maturity level. But as we are all aware, there are still some problems that keep arising that need to be resolved.
The two main challenges in the market relate to the use of the crypto coins to buy goods and services plus the existence of having multiple currencies in the market. As a result, this is making it very difficult for investors to manage the numerous wallets or even just different account balances at once.
But these problems will soon be solved thanks to BlocPal, which is a Canadian based company. The company has proposed to use the blockchain system that will be able to integrate the unified wallet that will be able to store some of the significant coins. As a result, this should be able to allow for secure and smooth payments with merchants.
Some Of The Challenges That BlocPal Will Try And Address
The Crypto Payments
The bitcoin platform has been designed as a system that will be able to allow users to make comfortable and safe transfers without the use of intermediaries. Plus, it was developed as a means of making secure payments. But in the last years, Bitcoin plus the altcoins in the market have shown to have very high volatility; thus this has made it a little unprofitable for the merchants in the market.
But this is where the BlocPal system comes to play as it aims at reviving the crypto-based payments that take place. It is by proposing an adequate blockchain platform that will be able to operate on both the fiat and crypto coins. Additionally, the platform has been designed to allow for instant payments at the lowest fees.
The Multiple Crypto Coins
The emergence of having numerous coins has been a proper diversification for the investors in the market. But at times this can be a little challenging for the investors to manage the different wallets. Many of the ERC20 based tokens can be stored in one Ethereum wallet, making it great.
But the same wallet is not compatible with Bitcoin, but if you would like to put all your coins in one wallet it might just come at an extra price. But the good news is that BlocPal is finding ways it will be able to address this current issue.
The system is trying to design a unified and free wallet that will be able to accept some of the significant coins that are in the market today. At the moment the BlocPal wallet is able to store Ethereum, Litecoin, Bitcoin Cash and Bitcoin. As the project grows, you should expect to see more coins being stored in the wallet.
The BlocPal Sounds Promising For Investors
The ecosystem that has been proposed by the system has been made practical and functional, which has allowed customers and merchants to be in a position to benefit from the and efficient system.