The Treasurer is a very high secure vault that stores all cryptos on the server. The Treasurer interacts only with Ascend Blockchain via a private protocol, which is written only for the Treasurer. Every master node will have encrypted part of the Treasurer backup. Thanks to the Storj system should the Treasurer go offline or, in the unlikely event, killed – every master node will combine parts of Treasurer and run a new server again. This tech will be driven by Elixir.
Our ATMs use revolutionary new concepts of the traditional Bitcoin ATM. Using BCB Glass i, will provide a thorough understanding of the current performance of the BCB ATMs to assist in the evaluation as well as decision-making based on advanced analytics. These capabilities give executives a strategic advantage when responding to and managing self-service networks. The powerful reporting tools in the BCB Glass i platform will allow business owners to seamlessly create reports and provide a rich customer experience
BCB ASCEND BLOCKCHAIN
Currently, most cryptocurrencies are either used for speculations or for a specific purpose.
Bitcoin was created as a new payment system to overcome the inherent problems in the current banking system, but its use is limited. Additionally, transaction costs can be high and the speed of transaction slow. Our solution offers a new payment process based on a new blockchain DPOS (delegated proof of stake called Ascend Blockchain
BCB Ascend will learn users’ behaviour and actively look for offers similar to past transactions and then alert you when an opportunityarises. Through the acquisition of an e-money license, you will quickly receive money into your designated bank account at your convenience.
Users can also store their BCB tokens on the application and gain monthly interest basedon how much and how long the tokens have been in the wallet. Some users can get cheaper transaction fees when using the ATMs, dependent on how many tokens they keep in another wallet within BCB Ascend.
When a user use’s an ATM they will receive afixed BCB reward based on the volume of the transaction. Users who keep more than 2000 BCB tokens in the BCB Ascend will also be legible for discounted usage of the ATM machines as well as earning interest.
The BCB wallet will be accessible via BCB Ascend and will be an incentive to users to buy and hold BCB tokens. 33 Million BCB has been reserved for this program and they will be distributed over 20 years. Monthly interest will decrease over time, giving more BCB to early adopters.
In order to have a stake, you must have a minimum of 5000 tokens in your BCB wallet. These amounts will be divided by the total number of BCB tokens sent to staking. This way early adopters will receive a higher interest rate which will decrease over time as adoption increases.
HOW DOES IT WORK?
For example, if John has 1 BTC, 10 ETH and 100 XMR he can store money in the BCB treasurer (see description below). The treasurer creates an account for John in Ascend blockchain and creates 3 transactions: deposit BTC, ETH and XMR. From that very moment John can use ATMs and send this money to his friends (who already use Ascend blockchain) for a fee of just 0.001 USD and all in less than a second. After new partnerships with Crypto POS system are created you will be able to pay in shops and cafes the same way.
This is truly a breakthrough in the use of cryptocurrency, allowing us to get a step closer to mainstream acceptance.
WHAT IS THE TREASURER?
The treasurer is a highly secure vault that stores all crypto’s on the server, it interacts only with Ascend Blockchain via a private protocol that is written only for the treasurer. Every master node will have an encrypted part of the treasurer backup. Thanks to the Storj system, in the unlikely event that the treasurer goes offline or is killed, every part of the master node will combine parts of the treasurer to enable the running of
a new server. This technology will be driven by Elixir programming language which is extremely complicated and uncommon.
WHAT IS ELIXIR AND WHY DO WE USE IT?
One of the fastest programming server languages
99% server uptime
The best solution for high-load server architecture
WHO HAS ACCESS TO THE TREASURER
AND HOW CAN I TRUST IT?
Machines and automatic algorithms never lie or try to steal money, that’s why we don’t say trust us – trust yourself and computers.
We think a lot about security and make decisions to fully remove human factors from this. The entire system will be driven by Elixir language. The server with the treasurer system will be self-sealing so will save all private keys for blockchains and have a backup that has a split and encrypted part for each master node.