Wednesday 28 February 2018

The relative advantages of APCA technology developed internally by AFRICUNIA include:


        
Transparency:
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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