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Unlocking The Freedom Of The Crypto World - Programming - Nairaland

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Unlocking The Freedom Of The Crypto World by Mujaddady: 11:43pm On Jan 15, 2019
Nowadays, people are no longer concerned with fighting for their freedom. This is probably because people are busy chasing luxury. But, a very important point we are missing is freedom is yet to be fought for, and for luxury to be attained, freedom needs to be established.
But, what freedom are we talking about? We do not see people held in shackles in the name of slavery, colonised countries are now sovereign, masters no longer exchange money for slaves but slavery is still in us. The slavery we are talking about is mental slavery. What masters do now is putting shackles in our minds, for example, the government no longer assigns a police officer to watch over us in our daily activities, but the government claims that we are being surveiled through the data we generate by using our mobile phones or other electronic devices. This is similar to what is happening with the crypto world.
Because of the restrictions put upon cryptocurrency, its value is amazingly decreasing. Its features intended to blend with the demands of the digital world are constantly breached. These are serious threats to the world economy in the sense that, the world is rapidly becoming digitalised. Fortunately, ORICHALCOS is here for this rescue, website: Orichalcos.io.
Here, we are not saying laws should be abolished. All the crypto world needs is its own atmosphere so as to produce good results. It therefore needs objectives which defines such project that will lead to realisation of its goal. See more in the Orichalcos white paper at http://orichalcos.io/wp-content/themes/oric/pdf/20180907-Orichalcos-Technical-Paper_v1.0.6_en.pdf.
Broadly speaking, participating in the Orichalcos project will open doors for us into:
(1). Overcoming the major challenges facing cryptocurrencies:- Thanks to the inventors of cryptocurrencies, popularly, Bitcoin and Ethereum. What is threatening these currencies is the inefficiency of one or more of the following:
~Scalability: This means the ability of a blockchain system to produce certain number of authorized blocks per time unit. The faster the system is, the more the services it provides. At the same time, the slower the system, the less the service satisfaction. Orichalcos will be a medium to link you faster to your assets during transactions and since the currencies are not static.
~Decentrality: This is the characteristic of crypto currency that makes it not to be controlled by a particular authority rather, by its sole owner. Crypto currencies are made to possess this feature but, unfortunately, they are not. This is because different companies are constantly trying to build systems that will serve like banks where assets will be stored and processed, this in turn renders them centralized. Creating an account with Orichalcos will bypass this shortcoming.
~Security: All of us are concerned with how secure our transactions are. This assures us that our data is not mined by third parties. In fact, the word "crypto" literally means secure. Orichalcos will insure this by using appropriate technologies such as peer to peer (P2P), business to business (B2B) and business to consumer (B2C).
(2). Integrating the real economy with the blockchain economy: All this requires is an intermediary between the two. Non deterministic smart contract that will collect off chain information ensure its authenticity and usefulness and feed it its clients.
~Mujaddady

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