The relative advantages of APCA technology developed internally by
AFRICUNIA include:
Changes to public Blockchains are publicly viewable by all parties
creating transparency, and all transactions are immutable, meaning
they cannot be altered or deleted.
Low
Costs:
By eliminating third party intermediaries and overhead costs for
exchanging assets, Blockchains have the potential to greatly reduce
transaction fees.
Faster
Transactions:
Interbank transactions can potentially take days for clearing and
final settlement, especially outside of working hours. Blockchain
transactions can reduce transaction times to minutes and are
processed 24/7.
Confidentiality:
All transactions being added to a single public ledger, any wallet
addresses is random characters that cannot inherently be associated
with a specific individual. This enables a high degree of privacy
when required.
Security
and Integrity:
Blockchain is maintained by a large network of participants, no one
actor can easily gain
enough influence
to submit
a fraudulent
transaction or
successfully alter
recorded data. Users can trust that transactions will be executed
securely.
Complete
Data:
Blockchain
data is complete, consistent, timely, accurate, and widely available.
In a nutshell, AFCASH will be based on AFRICUNIA PROTOCOL CONCENSUS
ALGORITHM (own network system), which not only performs all the
functions of Bitcoin and Ethereum system; but it is also highly
programmable.
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