Blockchain Interaction With Fiat: An Intro To Proton

tl;drProton (XPR) is a smart contract platform and public blockchain designed for consumer applications and peer-to-peer payments. It is built around a secure identity and a financial settlement layer, allowing users to link their real identity and fiat accounts. By doing this, users can pull funds, buy crypto and use that crypto in apps. All transactions are recorded on a blockchain whose core function is to record payments and interface with different entities involved. Eeach user on this blockchain has a known identity, which is in turn verified by an approved identity provider. XPR's total supply will be 12,283,792,425, of which 8,415,203,447 is currently in circulation. This comes with a 5% annual token inflation, which will be split between block producers (2.5%) token stakers (1.5%) and the Proton Steering Committee (1%). XPR has a market cap of $262,542,545, and in the span of six months, XPR's market cap ranking dropped from #800 to around #280.
Blockchain Interaction With Fiat: An Intro To Proton
Blockchain Interaction With Fiat: An Intro To Proton
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Introduction

Proton (XPR) is a smart contract platform and public blockchain which is designed for consumer applications and peer-to-peer payments. It is essentially built around a secure identity and a financial settlement layer, allowing users to link their real identity and fiat accounts. By doing this, users can pull funds, buy crypto and use that crypto in apps.


XPR uses delegated proof of stake consensus mechanism where shareholders can stake and bond their tokens in order to vote for block producers. Each token equals one vote, and there is a thirty-day unstaking period as a way of measuring security.

Cooperation of Metal and Lynx

Proton was developed by Metal and Lynx. Metal is a user-friendly platform for peer-to-peer payments, and Lynx has developed an app-focused blockchain. Both companies have the same goal of making cryptocurrencies more accessible. Needless to say, these companies have made significant progress towards that goal independently. In Proton, the main element of both companies are merged into a single unified offering.


Addressing the Main Issue, and How Proton Aims to Solve it

Fiat on-ramps and off-ramps are a notable source of friction for apps and there is no quick and regulatory compliant way to trade between cryptocurrencies in most app token wallets. 

Proton aims to solve this by integrating an optional KYC (Know Your Customer) identity store. The identity information will be stored in a central PCI compliant database and will be available as an on-chain identity check. Since XPR's smart contract codes are based on EOSIO dPOS model, it makes Proton ideal for gaming and social media applications for its incredibly robust nature. Users can enter their identity data once, and buy and trade crypto, and then use that crypto in small transactions on dApps seamlessly. Beyond being a platform with a unified identity model, Proton blockchain was designed to allow websites and apps to push payments directly to Proton-compliant wallets.


How Proton Blockchain Works 

In the Proton blockchain, all transactions are recorded on a blockchain whose core function is to record payments and interface with different entities involved. Every user on this blockchain has a known identity, which is in turn verified by an approved identity provider. The blockchain contains both encrypted and unencrypted transaction data. In order to prevent spam, a small transaction fee is implemented for each receiver for initiating a send request. Also, a list of whitelisted receivers for each user is maintained in a distributed database.


Proton's Innovation

Proton's key feature that differentiates it from other projects is that it was designed from the outset for maximum usability. Both the Lynx wallet and Metal Pay have integrated it natievly on day one. When combined, the user base reaches over 200,000 accounts and sending XPR as a token of value between accounts and inside apps and even games sets a new standard for usability.


How Can I Buy XPR?

You can purchase XPR on multiple swaps and platforms such as PancakeSwap, UniSwap V2, KuCoin, BitGlobal, and many more.


Financial Analysis and Tokenomics

XPR's total supply will be 12,283,792,425, of which 8,415,203,447 is currently in circulation. This comes with a 5% annual token inflation. This token inflation will be split between block producers (2.5%) token stakers (1.5%) and the Proton Steering Committee (1%). XPR has a market cap of $262,542,545, and in the span of six months, XPR's market cap ranking dropped from #800 to around #280. 

Proton's ROI over the past year is 401%, meaning if you had invested $100 in XPR one year ago, you would've had $401 by now. However, Similar projects in the "Finance/Banking, Smart Contract Platform" categories had an ROI of 1,338%. This means Proton has underperformed in these categories. 

XPR hit its all-time high on Apr 27, 2020, at $0.100088, and hit its all-time low on Jun 22, 2021, at $0.00306181. XPR's current price is hovering around $0.03

A great capable marketing team and brand awareness have a direct impact on the success of any project. Proton's popularity was increased by 316% on Twitter, 267% on Reddit, and 234% on Telegram.

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