Jan 6, 2020
Asset managementPrally is capable of making cryptocurrency trades 24 hours a day, seven days a week, 365 days a year. This way, you'll always be able to trade your cryptocurrency at the optimal time to take advantage of market fluctuations. There is no minimum account balance required so that you can get started with minimal upfront investment.
Simply tell Prally how much risk you are comfortable with, and she will handle the rest!
PaymentWith your Bitenny digital wallet, you'll be able to hold both cryptocurrencies and fiat currencies, such as pounds, euros and dollars. Thus creating a bridge between standard currencies and digital ones, making it easier than ever to invest and make payments; however, you prefer.
When you make a payment from your Bitenny wallet, Prally will analyse the markets to ensure you are paying with the currency that will have the least impact on the overall value of your portfolio. This way, you can avoid overspending simply because you chose the wrong currency at the wrong time. In the near future, we'll be adding peer-to-peer payment capabilities as well, expanding the power of your Bitenny wallet even further.
The Bitenny Structure While the network is designed to work as a collection of components, each of which provides its own standalone function, it is still important for these standalone elements to be able to function as a cohesive whole. This is achieved by the network’s high-level architecture, including NoSQL databases and RBDMS regulatory protocols which ensure smooth operation. At the user level, interaction with this architecture is provided via intuitive interfaces such as the Bitenny wallet. The
Bitenny Concept Bitenny is designed as a means of bridging the gap between traditional fiat currencies and their digital, cryptographic counterparts. In doing so, Bitenny will make digital currency a far more usable asset in the real world. It will unite traditional and futurecentric payment concepts in the process, putting itself in a unique position in the fintech marketplace and giving us a keen focus on the future of business and commerce.
AI and Bitenny
In order to facilitate safer and more effective trading protocols for users of all backgrounds, Bitenny harnesses the potential of AI, and sits at the forefront of this continuously developing field. AI will be used to gain a better insight into the market, and to provide analysis and understanding to investors as and when required. This AI will be backed up by Bitenny’s team of industry professionals, whose expertise covers a range of global financial and IT fields.
Prally is designed to make your assets grow by active crypto trading. Whether you are a seasoned crypto trader or a complete newcomer to the market, you'll be able to benefit from the AI tools provided by the network and maximise your ROI.
Users will be able to make secure, one-off payments using Bitenny. They first need to open the Bitenny Interactive Wallet, then consult Prally's real-time analysis to select the most advantageous currency option.
A critical use case for online merchants is to use Bitenny as a core PSP - or Payment Services Provider. Cryptocurrencies are gaining in market share every day, and yet so many online merchants are still missing out on this potential. Bitenny makes sure this is not the case.
Physical stores will also be able to accept fiat and crypto payments in the same way. The wallet is installed on a smartphone or tablet and then used to interact with customer wallets to complete the transaction.
BITENNY’S INTERNAL SOFTWARE: Bitenny’s structure incorporates two separate components, operating together as a whole to provide comprehensive functionality to users. These components are as follows: The Bitenny platform: is where users and partners such as banks, exchanges, crypto-exchanges, payment service providers (PSP) and other external entities can interact with the network via the frontend. It enables exchange, trading and payment capabilities. The modular design allows for different parts to be maintained and developed independently. The modular structure allows for organic growth and for Bitenny to provide additional services like fraud detection. All communications and interaction between the Bitenny platform and the end-user use state-of-the-art security protocols and are encrypted. The Bitenny backend: is the computational core of Bitenny; it’s separated from the platform for increased security and scalability. It contains a parallel framework for distributed computations over the network, built on top of the proprietary multithreaded SSL web server and multithreaded web socket server. This backend interacts with the Bitenny platform via a REST API Secure Socket Layer server. To ensure scalability, the backend allows for multiple levels of parallelism, such as multi-server, multi-CPU, multithreading and multi-GPUs. It is essential for us to deliver our services continuously. Therefore, we have designed our backend to be fail-safe by dynamically managing computational resources. The Bitenny backend incorporates four separate tiers – exchange layer, blockchain layer, AI algorithm and the user data. The purpose of the exchange layer is to securely connect to (crypto) exchanges, retrieve real-time data and execute transactions. The data is stored in an encrypted database. The blockchain layer can import and connect to multiple blockchains directly. Thus, we can perform activities such as blockchain analysis, wallet balance calculation, retrieval of fees and number of wallets. Moreover, connecting directly to the blockchain provides benefits for professional trading, enabling real-time tracking of transaction orders. Both the exchange and blockchain layers are connected to the AI algorithms. This layer forms a significant part of what makes Bitenny stand out for users, making the network a real asset in the digital landscape that it’s developing. The Bitenny’s AI layer consists of state-of-the-art numerical techniques such as neural networks, Markov chains, Monte Carlo algorithms, simulated annealing and other stochastic methods. The machine learning techniques are used to predict prices and dependencies between different currencies (or assets) and help the user decide how to invest. Bitenny’s AI supports automatic trading. The user data is stored in a database with a multiencryption layer (AES256) to ensure the privacy and security of user data. The Bitenny backend can connect to different types of databases through a proprietary domain language, for automatic code generation for each database type. To enable scalability, multiple databases can be used at the same time. This two-component structure enables Bitenny to meet the diverse needs for the various users, particularly those wishing to achieve the flexibility of digital payments while still retaining the wide-ranging reliability of a real world, fiat currency.
Attention. There is a risk that unverified members are not actually members of the team
$3 170 000
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