OPTHERIUM - The Global Finance Blockchain Infrastructure
Hi friends, let me let you in on an incredible news, it’s - Optherium Labs, a global Fintech company and member of the Linux™, Hyperledger, and Crypto Valley Foundations. It is fully licensed in the EU for fiat to crypto and crypto to fiat currency exchange and eWallet services.
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Optherium Labs is creating an ecosystem around a modular, Multi-Decentralized Private Blockchains Network™ that provides fast transactions and instant confirmations utilizing MultiSecure Transactions™, dynamic biometrics™ - based user verification involving multi-currencies and multiple forms of digital assets.
"With the basic understanding of blockchain technology and its working, the real question that pops up into our minds is Blockchain really useful for the banking sector? If yes, then how can we utilize Blockchain in the best possible way for the industry? And most importantly, is blockchain here to stay or go?
It is a fact that blockchain will do to banks what the internet did to media. When it comes to banks and financial organizations of this day, Blockchain has the potential to solve a lot of problems. Blockchain technology possesses all the attractive characteristics needed by a reliable technology involving money matters. It is safe, secure, decentralized, transparent as well as relatively cheaper.
Blockchain provides a very high level of safety and security when it comes to exchanging data, information, and money. It also allows users to take advantage of the transparent network infrastructure along with low operational costs with the aid of decentralization. These characteristics make blockchain reliable, promising and in-demand solution for the banking and finance industry.
Financial institutes perform the necessary function of keeping money safe and secure for people and therefore, the processes in place require a lot of mediators. The involvement of these mediators is what makes the industry more expensive. Moreover, with the involvement of too many people and manual processes, the chances of errors and frauds always increase. Blockchain technology aims to do the heavy weightlifting by securing transactions and making the overall customer experience more satisfactory and less money consuming."
With that being said, Optherium’s mission is to create the Global Finance Blockchain Infrastructure that is accessible to all financial institutions, corporations and individual users.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is OPTHERIUM?
As said earlier, Optherium’s Operating System and MultiDecentralized Private Blockchains Network™ fundamentally changes blockchain technology, making it highly usable for banking and finance industry.
Optherium Labs maintains its own private, peer-to-peer nodes and blockchains forged by consensus and combined with a system for smart contracts and assistive technologies. The multiple blockchains work in tandem utilizing Hyperledger Fabric, the InterPlanetary File System (IPFS), and the Ethereum Network with unique cross-chain transactions. By using multiple blockchains over multiple platforms, Optherium creates a uniquely secure, Multi-Decentralized Private Blockchains Network™ environment.
Optherium Labs will create opportunities for enterprises to have a private-labeled product built for them within the Ecosystem. This will enable the enterprise to leverage the Optherium Ecosystem’s rapid transaction speeds, instant currency conversions and confirmations, Dynamic Biometrics™-based security verifications, and the Multi-Decentralized™ Digital Currency Exchange for their own benefits.
The goal At Optherium Labs is to solve the current fintech problem by building a personal distributed ledger network that allows individuals and companies to store, exchange and trade digital assets safely with world fiat currencies.
Just so you know, Optherium Labs creates a modular ecosystem around it, Multi-Decentralized Private Blockchains Network that provides fast transactions and instant confirmation using MultiSecure Transactions, dynamic biometric-based user verification that involves multiple currencies and various forms of digital assets. The Optherium Ecosystem will act as an operating system for markets, data sharing networks, digital currencies, and decentralized communities. Each transaction and every piece of data is stored in the Multi-Decentralized Personal Block Network in the Optherium Ecosystem.
The Solutions Offered
VivusPay Mobile App
It is an asset management tool, which allows individuals and small businesses to securely store their digital assets with Multisecure Technology™ and Key Recovery Service by utilizing Dynamic Biometrics™ and other Know Your Customer data, while managing their assets directly from their decentralized wallets. The App is already released and can be downloaded from the project website.
Optherium Debit Card
This allows users to withdraw money from any A™ in the world legally, safely and anonymously. This service is under development and is expected to be available by Q1 2019. As of now it can also be pre-ordered on the project website.
Multi-Decentralized Digital Currency Exchange (Bitcrox.io)
It will provide liquidity for all transactions within the Ecosystem that require conversion and confirmation, at speeds of over 100,000 transactions per second. Furthermore, it will support up to 150 digital currencies and provide an OTC desk for high volume transactions between enterprises and individual users in the safest and most user friendly ecosystem. According to the project website, the service is under development and is expected to be launched in Q1 2019.
Biometrics, such as a proof of identity
Dynamic Biometrics™ verification is a patented technology that uses biometric data (face, voice, fingerprint, retina, etc.) as a key, password or identity verification tool on the Ecosystem. It is estimated to be publicly released in Q4 2019.
About The Optherium Modular Ecosystem
Optherium modular ecosystem utilities a proprietary, private, multi-secure technology and multi-currency. Optherium as a multi-decentralized private blockchain uses dynamic biometric verification and instant multi-secure transaction confirmation on hyperleder platform. Optherium modular ecosystem permits individuals and corporation to securely store their digital assets and to execute instant transactions worldwide at rates of more than a thousands transaction per second.
The Ecosystem main features:
Dynamic Biometric Verification
Wallet Provider Service
Know Your Customer Service
Key Recovery Service
How The Platform Works?
Developers highlight six ecosystem modules.
Key Recovery Service (KRS)
It's a tool to restore access to your account based on biometric data, which allows you to save money and use it in case of loss (theft) of personal information. The user will not lose money, he can restore the balance of the cryptocoins in unforeseen situations.
Know Your Customer Service (KYC)
New users upload personal data, receive confirmation, after which their documents are stored in encrypted form. This approach protects information from unauthorized access, theft, and illegal use.
Log in to the account is possible by a sample of voice, fingerprint or through face scanning. Biometric data is encrypted, the system protects it from later changes or fakes.
Applications for smartphones and tablets allow you to safely store digital assets (cryptocoins, tokens of the ICO projects, stocks), sell and buy them at any time. The Optherium electronic wallet is decentralized, the assets are protected from hacker attacks.
It is a platform for ordering goods and services in exchange for the cryptocurrency assets. Developers plan to install POS-terminals in ordinary stores to simplify purchases for cryptocoins.
Digital Currency Exchange
The speed of the built-in exchanger is 100 thousand operations per second, 150 kinds of cryptocoins are supported. Conversion occurs within the platform, there is no need to register with third-party services.
Below are the details you need to invest. Stay tuned!
About The OPTHERIUM Token(OPEX)
OPEX is a ERC-20 token with a supply of millions of tokens. OPEX ERC-20 will be issues sale before the native token is been created in which lucky users will be able to stake and get rewarded,staking reducing circulating supply in which it also improve the stability of OPEX.
OPEX will serve as a utility token the OPEX exchange,it will be well as for staking reward as well as for the payment fees. More than 33% of OPEX are set aside for sale in all phase which include private, presale are crowdsale of the tokens.
OPEX token functionality in Ecosystem
Facilitator for currency conversions in the Ecosystem
Reduce transaction fees
Utility token for Optherium Services
Meet The Amazing Team
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Technical Document: - https://optherium.io/#modal_onepager
Telegram Chat - https://t.me/optherium_club
Telegram Channel - https://t.me/optherium_channel
YouTube - https://www.youtube.com/c/OptheriumLabs
Facebook Group - https: //www.facebook. com / groups / optherium /
Facebook Profile - https://www.facebook.com/optheriumlabs
LinkedIn Group - https://www.linkedin.com/company/11488817/
Twitter - https://twitter.com/optherium
Instagram - https://www.instagram.com/optherium/
Medium - https: // medium.com/@optherium
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.