In this regard, Amp is certainly intriguing. In this regard, the network earns top marks in my book. Currently, Amp's security has been validated by leading research firms such as ConsenSys, Diligence, and TrailOfBits. More users also mean increased network security. Future developers can add to the protocol to increase the number of use cases. Amp has been designed to be an open-source and extensible network. This is a novel idea in the cryptocurrency space and one that should excite investors.Īdditionally, security has also been a key pain point for blockchain-based payment processors.
If a given payment fails, the merchant will receive Amp and be compensated for the loss. Accordingly, high-volume users, or those requiring speedy payment, are often left with little recourse but to hurry up and wait.Īmp solves this by allocating its token as collateral. The time a block takes to be validated varies across various blockchain networks. One of the major drawbacks of cryptocurrency has always been the lag time between when payments are sent and when transactions are processed. Flexa's unique value proposition is derived from the digital payment platform's merchant-focused design. Amp tokens power the Flexa network, which is increasingly being viewed as the future of how merchants may choose to process transactions on the blockchain. These are problems Amp ( AMP -2.00%) is helping to provide a solution for.Ĭreated by the Flexa team, Amp is an open-source protocol based on Ethereum ( ETH -2.12%). However, the bottom line is that if a merchant wants to settle a transaction instantly and in a low-fee manner, there are few options today. it can be typical for crypto users to pay more than $100 to get a transaction processed quickly. Of course, much has been made about the gas fees (fees paid by users to process transactions) across various networks of late. Depending on how many nodes there are, and how much traffic is on a network, transaction times can really vary. Those validating networks (nodes) can be thought of as lanes on the road. However, many cryptocurrency investors have recently found that they're stuck waiting for transactions to clear or paying exorbitant fees to process transactions. The recent valuation growth among cryptocurrencies has largely been tied to the innovations blockchain technology has brought to how efficiently and effectively transactions can be handled. Really a unique way, its your hard earned Coin.Cryptocurrency investors have certainly seen some rather impressive returns of late. One user said, ''In a world where majority buy luxurious goods on personal loan, here is a person who did hard work and saved for years to fulfill his dream.my salute to also the accountant/ salesman in the showroom who was given task to count these coins.'' Another commented, ''Congrats Saidul, Enjoy the ride. Since being shared on social media, the video has gone viral, with many calling his story ''inspiring'', while others asserted that dreams come true with lots of patience. He has come to our showroom with a sack of coins around Rs 90,000," the owner of the two-wheeler showroom added. My executive told me that he had dreamed of buying a two-wheeler and had been collecting the coins over the last 5-6 years. I wish Saidul will buy a four-wheeler also in future.
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Manish Poddar, the owner of the two-wheeler showroom, said, "When my executive told me that, a customer had come to our showroom to buy a scooter with his saved coins, I was delighted because I have seen such news on TV and read in the paper.'' I wish him that, he would buy a four-wheeler in future," said the owner of the two-wheeler showroom /V9IeQSiBh1- ANI March 22, 2023 "When my executive told me that a customer has come to our showroom to buy a scooter with coins worth around Rs 90,000, I was delighted, because I had seen such news on TV. Other pictures also show the moment when the shopkeeper signs the papers and collects the keys to his dream vehicle after patiently waiting for the staff to count the coins. I am so happy now," Saidul Hoque told ANI. I started to collect coins 5-6 years ago. I am running a small shop in the Boragaon area and it was my dream to buy a scooter. "I'm so glad after buying a scooter with a sack of coins I saved.
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#WATCH | Assam: Md Saidul Hoque, a resident of the Sipajhar area in Darrang district purchased a scooter with a sack full of coins he saved.
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