"LocalCoin is a project any investor can confidently and safely invest"

"LocalCoin is a project any investor can confidently and safely invest"

"LocalCoin is a project any investor can confidently and safely invest"

INTRODUCTION

The need for decentralisation came through as a buffer against the control of the central authorities that handled the major exchange operation. But as soon as decentralisation was possible, that problem no longer became a threat to the traders. The new style of trading in a decentralised fashion also has a cost which was not easy on participants even though it was giving the outcomes needed and highly cherished by the people. That is not just the only problem faced in the cryptomarket, traders also face so many risks and have not totally obtained freedom from the centralised authorities even though a level of decentralisation is available. Security amongst all other feature is also lacking such that the only network that can be turned to for a solution is Localcoin.

WHAT IS LOCALCOIN ?

This project is created to enable investors to use a reliable trading network where their desire for effective trade can be satisfied with a zero fee cost. This platform is quite different in the way it operates in market because it was created with a different technology that has a higher reputation than that of other existing exchanges. The difference is seen in its very friendly platform that gives all members a sense of responsibility as a democratic network, rewarding all those that are involved and steadily adopting its innovation. All the traders in it will get familiar with the type of transactions it supports. This operations will include different cross chain transactions between two parties using a different protocol, all local operations that are done with the same cryptoassets in the same platform and those are done with different assets in different networks as the situation maybe.

THE FEATURES OF THIS PROJECT

• This platform has a multi purpose wallet for all the social functions that includes payments, services that requires funds and also to protect the chats of users. This wallet is more like the social media account of the users in this platform. All tokens can be stored here before they are used for whatsoever purpose they should serve.

• The need to create the perfect and unique regulatory framework in the community will start after the token sale of this platform.

• Localcoin provides banking services of a decentralised bank and provide secrecy in its services. The facilities are available such that the wallet serves as the user's account.

• This play is highly social and that has led to the creation of both group chat and individual chat groups for effective communication and chats that can be private if users want them to be.

• An over the counter type of trade is enabled such that third parties are absent when it is to be done. This type of trading is not always supervised and yet it brings the perfect liquidity, safety and transparency in services. As a consistent user or trader, you can eventually create an ICO and all other activities surrounding the creation of new token easily within a time span of 5mins. Transactions cannot be traced when initiated because they are protected by encryptions.

Problems

Smart contract platforms have attracted great attention but have not been able to achieve mass acceptance due to scalability and user experience. Even on Ethereum, the most widely used smart contract platform, no significant Dapps have been applied. There have been a few instances where one or more other specific applications have succeeded in achieving an important user base but it has resulted in crippling the entire network during peak times. Basically means that even the most advanced and widely used platforms are not yet ready for mass adoption.

On the other hand, there are a few smart contracting platforms that boast higher bandwidth, but they trade off the speed of transactions with decentralization. In addition, many upcoming solutions propose their own blockchain ignoring DApps network effects and other projects that have been created on platforms such as Ethereum and other projects. Even more important is that they neglect the huge developer community and developer ecosystem that exists for platforms like Ethereum.

Decentralized applications are making great progress but the current blockchain ecosystem is not prepared to expand on demand. Slow block validation, block size limits and calculations - in the blockchain based on smart contracts - should be addressed before Matic targets mass adoption by primary users. And most importantly, it needs a great user experience.

LocalCoin intends to offer a full governance period to send a decentralized bank, decentralized exchanges, informal organizations and advertising forecasts through its remarkable advertising. The main element of LocalCoin is that it conveys decentralization to another aspect; Our stage is not only decentralized in a specific aspect but also with certain procedures.

To do this, LocalCoin allows customers to place their own great contracts and exchange advanced resources according to their terms in an open, safe, fast and truly non-practice process. middle right on the blockchain. Our goal is not to argue with different professions, but to start from where their contributions end.

LOCALCOIN AS A SOLUTION: 

With researches and observation of these flaws possessed or potrayed by some of these exchanges, localcoin is birthed as a solution to these flaws making localcoin different from every other exchange with the aim of becoming the future world leading blockchain technology provider through a community of people with the same value and goal with a solid strategy to bring this to a rapid actualization. LocalCoin would be the among the few decentralised system that allows its user to create its own contract address freely and transact at their own terms in a secure, open, cheap and fast process. LocalCoin uses three types of transaction

1.Local transaction between different account of the same cryptocurrency

2.same protocol-based transaction created off the same protocol but between different currency

Cross-chain transaction of different coins with different protocol.

And a multi-purpose wallet that can be used to store different coin assets, enable any kind of payment transaction, social media etc.

LOCALCOIN TOKEN: 

localCoin token is more like an appreciation medium or a reward for being part of the project early before the public awareness. LocalCoin is a project any investor can confidently and safely invest in as it promises a greater future by providing solution to the flaws of other exchanges and also taking the job from where other exchanges stops and making it better with its transparency, simplicity to the market and its value creation in decentralised blockchain ecosystem and essential features such as;

1.OTC( Over the counter): this is one value that only localcoin can provide. this can also be called an off-exchange trading. Here the exchange platform has no knowledge of the transaction, it is done secretly between the two parties thereby giving privacy.

2.decentralised trading: trade without limit as it can run more than 100k transactions per second.Private accounts anonymocity, Your personal chain is secured with end to end encryption, no-one can see your transactions and no one can trace it

ICO ACCELARATOR: 

localcoin is really here to make trading and cryptocurrency in general simple, safe and fast for investors. Start your own ICO. You can issue your own token and list it for trading in just 5 min.

DECENTRALIZED BANK AND CHAT: 

Anonymous banking facility and end to end encrypted group and personal chats. There are so many benefits investors and participant of this awesome project will gain.

You can run your own cryptocurrency exchange website based on localCoin blockchain decentralized (The DAO) with a few clicks of a button. It has the following benefitial features;

1.High performance

2.scalability

3.Top notch technology

4.professional product team

5.flexible engagement models

MINING:

Anyone with masternode to support the network can mine localCoin. Masternode is simply a computer wallet that keeps the full copy of the blockchain in real-time. The duty of masternode includes;

1.Enable treasury system of budgeting

2.participating in voting and governance

3.Enhacing privacy of transaction

4.doing instant transaction

LocalCoin has a high performance trading a terminal that helps brokers trade with zero trading fee with maximum security. It also has a zero knowledge transaction, where you can make trade transaction from your account to a secret account that can not be seen by any block explorer

CONCLUSION

Localcoin supports mining through the available nodes as a means of supporting the platform. It allows easy connection to users socail media accounts or pages to enable the sharing of the platform on their pages to invite others to join.

USEFUL LINKS;

Website: https://localcoin.is/

Whitepaper: https://localcoin.is/downloads/LocalCoinBlockchain.pdf

Wallet: https://wallet.localcoin.is/

Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5125670

Discord: https://discordapp.com/invite/vzxSzYNj

Medium: https://medium.com/@localcoinis

Twitter: https://twitter.com/LocalCoinIS

Reddit: https://www.reddit.com/user/LocalCoinIS

Golos: https://golos.io/@localcoin

VK.com: https://vk.com/localcoin

Join TelegramGroup: https://t.me/LocalCoinIS

Medium: https://medium.com/@localcoinis

Author (oneal.ngeplox)
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2573674