The current financial market is plagued by a plethora of problems, some of which have halted the immense growth of this market. Transaction delays, outrageous costs, geographical restrictions, amongst others, are a few of the major sticking points. While a ton of projects have been launched to resolve these bottlenecks, most are centralized systems restricted, to a certain degree, by central banks and governmental policies.
Owing to the adoption of blockchain technology, a distributed ledger capable of storing information in a safe, verifiable, transparent, permanent, and immutable manner, a couple of platforms have been designed to improve on the existing centralized projects whilst introducing a modern world where faster transaction throughputs are a norm. One of such projects is Crypto Classic.
The Crypto Classic Project
Regardless of how good the security measures deployed by centralized traditional payment institutions are, they, unfortunately, are still susceptible to hacks and vulnerable to other malicious attacks. Leveraging the features of blockchain technology, Crypto Classic is seeking to pioneer a radical shift in how payments are settled.
Built on Binance Smart Chain [BSC], Crypto Classic aims at amalgamating leading BSC projects and structures by driving consistent communication between them in an attempt to enable the creation and execution of complex financial transactions. Promoting confidentiality, anonymity, decentralization, and freedom, Crypto Classic is set to introduce faster and cheaper transactions between parties.
The Technology Behind Crypto Classic
Crypto Classic aims to integrate a powerful and secure technology that will guarantee security, privacy, and transparency of payments between individuals who have an address on the blockchain. Eliminating the need for intermediaries or third-party applications, this payment platform promises low-cost and faster transactions.
This technology, according to the project development team, is cutting-edge and will have a direct impact on how transfers are processed now and in the changing world, by simply cutting down unnecessary processes that have posed a huge problem to the traditional financial system.
Likened to the internet that disrupted industries, this project, through blockchain technology, will implement a truly decentralized and confidential data transmission process in almost every sector that requires the transfer of physical and non-physical assets now and in the future. In addition, this technology is eco-friendly — capable of drastically reducing carbon emissions. Crypto Classic, per the team, is one protocol that not only reduces payment instruments but will also obliterate carbon footprint with a fork-out that shortens the mining process.
In an unprecedented fashion, Crypto Classic has been designed to regularly update itself by following the latest development and trends in the blockchain space, ensuring that it adapts and caters to the needs of emerging technologies. Born out of in-depth research, the development team is seeking to build a powerful protocol that will not only be beneficial now but one that will still be as advantageous, secure, and confidential in years to come.
Focusing primarily on small, medium, large enterprises, companies, organizations, surprisingly, countries, Crypto Classic attempts to abolish the primitive, vulnerable, slow, and steep payment methods by merely merging traditional payment solutions with blockchain technology.
Dispelling geographical cordon and restrictions, Crypto Classic will pioneer a world of total financial freedom where individuals can seamlessly execute transactions between parties through its native token, CRC. With an unchangeable supply of 100 million coins, this powerful payment will strive to offer all in the trillion-dollar market a stable, powerful, advanced, and purpose-driven payment platform with a focus on anonymity, faster transactions, security, scalability, adaptability, low-cost transactions, and immutability — the missing pieces of the centralized payment industry today.