Hi all! Greetings from Technical Team. Started from now on, we will be here answer to all the techical questions, please feel free to ask us right away.
Anyway. We have some technical updates for you, it’s the co-chain!
https://i.imgur.com/iN7cMzU.pngYes! Co-Chain.Afin has developed a co-chain system that has resulted in Afin currency being split into two currencies: Afin and AfinS. Co-Chain is derived from the word “Co-Blockchain”. Made from more than one type of blogging to coordinate and work together. Because of each block type. There are a number of advantages and disadvantages to the concept of a blog. Come work with another kind. To help make the most of one type of blogging. Eliminate the disadvantages of another type of blogging. Make the system more efficient.
Afin has developed Co-Chain as well. The ERC-20 was used for the major currency, Afin Coin. And chose the SCP standard for the AfinS Coin, which is a secondary currency. Details are as follows.
Afin CoinAfin Coin can be obtained from ICO funds or exchanged on the Ethereum Request for Comment 20 (Ethereum Request for Comment 20), which can be exchanged for speculation on a popular board.
How to get Afin Coin?- Through ICO
- Use other types of coins Via the exchange market
- Use cash exchange Via e-wallet provider
- Use the AfinS coins exchanged via the Afin Wallet management page.
- Received from other Afin users.
The Utilization of Afin Coin- Exchange to make a profit on the exchange and transfer to others.
- As Utility Token use in Afin Platforms and Co-operate Platforms.
- Used to exchange AfinS Coin. The amount of AfinS Coin to be paid depends on the current value of Afin Coin, at the rate of 1 USD per 100 AfinS Coin. (This is an assumption to fix the value of AfinS)
The advantages of the Afin coin according to the ERC-20 standards- Under the structure of the coin, Ethereum, which is the second most recognized medal in the world after Bitcoin, has developed consistently. can grow much more.
- Transparent, reliable, You can check the Smart Contract as well as the history and movement of all Afin Coin coins (eg, web check. etherscan.io)
- The volatility of value, in the same way, Bitcoin coins can be exchanged for profit (or loss) on the Crypto Trading Exchange market.
The disadvantages of the Afin coin according to the ERC-20 standards- There is a fee that does not suit Micro-transaction (too expensive fee)
- Takes a long time to complete the transaction. It may take up around to 15-20 minutes.
- The volatility of value, in the same way, Bitcoin coins make it unsuitable for use. Because of the uncertain and variable value at any time.
AfinS CoinAfinS Coin is a derivative of Afin developed in accordance with the Stellar Consensus Protocol (SCP). We use this standard to develop AfinS Coin to be “Stable Coin” and to eliminate the disadvantages of the ERC-20 coin. AfinS Coin can be obtained through the exchange of Afin Coin medallions through the user's wallet management page. The AfinS Coin can be used
to purchase and sell Afin platforms. Other Services Acceptance If the Afin Coin is the same as the AfinS savings account, it is comparable to the banknote. You can use it directly with most effectively.
How to get AfinS Coin?- From receiving payments with AfinS
- Use Afin coins exchanged via Afin Wallet management page.
The Utilization of AfinS Coin- Pay on Platforms of Afin Platforms
- Get money/transfer money to other Afin users.
- Apply to Afin Coin. The amount of Afin Coin to be paid depends on the
current value of Afin Coin at a rate of 1 USD per 100 AfinS Coin.
The advantages of AfinS Coin according to the SCP standards- No fee. Good for Micro-transaction.
- Under the SCP standards which had been accepted around the world.
- Stable value, easy to accept in term of the real business transaction.
- Make a transaction in 3-5 minutes, faster than the ERC-20 standard.
- A public restful API can be developed to quickly connect to Afin.
The disadvantages of AfinS Coin according to the SCP standards- It still takes time, as usual, to exchange between Afin Coin to AfinS.
- Cannot be traded on Trading Exchange for speculation.
ConclusionThe outcome of the Co-Blockchain system As a result of Afin's Co-Chain system, Afin has the ability to utilize a variety of functions. Both exchanges for speculation. The money spent instead. It is safe. It can also be used to develop software to connect. To expand the service quickly.
The advantages of Afin on Co-Chain Architecture ERC-20 / SCP- It is safe, transparent and verifiable.
- Afin Coin can be traded or exchanged to make a profit (or loss) on the Crypto Trading Exchange market when Afin coin is listed up.
- AfinS Coin can be used at on most efficiency in the real transaction.
- There is a very low fee to spend or use in a transaction.
- High-speed transaction.
- A public restful API can be developed to quickly connect to Afin.
If you have any questions, feel free to ask. We, the technical team, are very happy to answer and provide you the in-depth information if needed.
Next time, we will update you with the information about our mining platform. The platform that you can control from web dashboard.
Yoy can choose what to mine, directly to your wallet.
Please stay tuned!
https://i.imgur.com/tV99a8A.png
