Proton XPR
$0.00111 4.15%
Latest Updates
Updated at 21:30$28,621,330.04
#768
$1,452,786.58 78.63%
+$0.00005 4.15%
+$0.00008 7.42%
What about Proton?
Proton (XPR) is a decentralized public blockchain that is designed to provide fast and secure cross-border payments. The platform is built on the EOSIO software and operates on a decentralized network of nodes, making it transparent and resistant to censorship. The Proton blockchain is different from other blockchains because it is specifically optimized for digital payments, enabling users to send and receive payments not only quickly but also at lower costs than traditional payment gateways.
Proton was developed by the team behind the Metal Pay application, which is a peer-to-peer payment system that allows users to send money to anyone, anywhere in the world, with just their phone number. The platform is designed to cater to the needs of businesses, with advanced KYC and AML compliance measures, making it a trustworthy and secure platform for online transactions.
The Proton (XPR) token is central to the ecosystem and enables users to pay for fees and services on the platform. However, it is more than just a currency; it is also used for staking and governance. Stakeholders can use XPR to participate in the network and confirm transactions while earning rewards. The platform has a unique governance mechanism that enables token holders to vote on critical issues, like changes to the protocol and fee structures.
Proton is designed to address some of the significant challenges associated with traditional payment gateways. In particular, the platform aims to cut out the intermediaries that add additional costs and take time to process payments. Instead, users can transact directly and without intermediaries on the Proton blockchain. This not only makes transactions faster, but also more affordable for users.
Proton has also developed a suite of financial products, including wallets, payment gateways, and mobile applications. These financial products are designed to simplify the process of making cross-border payments, making it more accessible to consumers and businesses around the world. The platform also collaborates with other financial institutions to expand its reach and improve the accessibility of digital payments globally.
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