What Is The Cryptocurrency Trying To Do?
Crypto.com Chain is labeled as the ‘’next generation’’ platform which should bring together the merchants and users on a public blockchain capable of supporting instant and cost-efficient and secure transactions among them. This is done by allowing the Chain to tackle some of the issues which are described as the main tools on the blockchain’s path to wider adoption.
The crypto project is supposed to offer high scalability and fast payment processing. The chain is designed as the payment network which aims to provide payment confirmations while also supporting the scaling in line with the number of transactions. With the help of the decentralized protocol, the target confirmation on the chain is set at being less than a second while the platform promised to support 50,000 transactions per second. Crypto.com Chain will get rid of the traditional fiat payment structures and the team stated that the traditional payment platforms as being resistant to changes such as the introduction of new currencies and removal of the strict rules which are imposed on the merchants.
The crypto project sees decentralization as the shortcut to make the crypto payments a mainstream option. The chain should become a network of a broader range of crypto projects and these systems will be customized as an alternative to the existing payments system by being a lot less complex to create and cheaper to operate. The project also aims to avoid becoming a central point of failure and will also improve security. The built-in security protocols on the Crypto.com Chain includes the use of trusted execution environments. The main task is the protection of the integrity of the data belonging to the participants in the system. In addition to security, the platform is promoted to offer advanced privacy features with the multi-signature Merkelized Abstract Syntex Trees.