Octanox is a unique payment platform developed to take advantage of the cryptocurrency growth by offering a secure and decentralized system. Unlike Bitcoin, it doesn’t consume much energy yet it guarantees faster and secure transactions. Judging by the way it operates and its innovation, you wouldn’t be wrong to say that it’s setting ground for competition with other cryptocurrencies such as Bitcoin.
To help you understand what Octanox is all about and what it has in store for you, let’s dig deeper into this system, looking at what it actually is, its roadmap, and why it could be an indispensable tool for businesses in future.
Just What Is Octanox?
Founded in April 2017, Octanox can be described as a payment system that utilizes cutting-edge technology to offer a secure, decentralized payment solution network. In order to make it unique and stand out among other payment platforms, its developers thought of two major things: making the system eco-friendly (consume less energy) and make it easy for users who can’t afford to purchase expensive mining machines to contribute in distributing Octanox.
In order to make the system a reality, Octanox has a clear roadmap, involving a number of products, most of which have already been built and others expected to be developed later in the future. These are:
This is basically an escrow service based off Octanox. It’s main aim to eradicate scamming, which is a major issue because of the anonymity provided by crypto. It is a reliable service operating without profit to make transactions between individuals safe, easy, quick and efficient.
Now this is a smart application with a number of functions with the aim of creating multiple user-made features for Octanox. Users can even make their ideas a reality by employing simple coding and programming, accessing same tools as the developers themselves.
Smart Web Wallet
Yes, Octanox has a web wallet as well to help users secure OTX. It simply bridges the gap between those who wish to use technology and technical die-hards, giving them an encrypted and secure wallet.
Similar to other exchanges such as Yobit and Poloniex, this one is also a decentralized exchange for those who want to trade cryptocurrency assets. It is fully decentralized with a number of profit-oriented services.
To make the system fully decentralized, Octanox goes a notch higher to make even its social media platform decentralized, allowing users to access it from their iOS and Android devices as well as browsers. The forum provides a platform for advertisements, discussions, ideas and marketplace for its community.
Is Octanox the Future of Cryptocurrency Payments?
Octanox creates a cohesive and user-friendly payment solution system for businesses, something that lacks in other similar platforms. To make it even more appealing, the developers have created a number of products and demonstrated though a roadmap how they intend to disrupt the industry.
To cater to a number of functions the system provides users with a secure, reliable and fast payment solution that’s fully decentralized, giving it a competitive edge against other bigger and more popular platforms like Bitcoin. If the idea materializes, the products could be ready for deployment in large scale, especially in financial industries.