Cashbery Fields Forever: CashberyCoin (CBC)
CashberyCoin or CBC is a cryptocurrency developed and released by the savvy team of Cashbery, a financial holding and a P2P-lending platform, founded in 2013. The company started out as a business designed to bring together investors and borrowers from all over the world — the goal they have been successfully fulfilling since the very beginning.
Cashbery Coin, in its turn, emerged as an ultimate tool for Cashbery users, enabling them to transact without borders and regardless of the currency chosen.
What Makes CBC so Interesting?
First, let’s try to work out the most annoying and inconvenient things about existing networks.
Half an hour of looking through Google Search results for “blockchain problems” would be enough to understand that slow transaction speeds are the root of the DLT world evil. In December 2017, Crypto-Kitties, a blockchain game where you can create your own fluffy crypto pet, disrupted the entire Ethereum network, revealing a serious scalability weakness in the popular blockchain.
Another problem is big transaction costs. According to BitInfoCharts, people are currently paying $31.5 on average to make transactions using Bitcoin.
These two problems are exactly what Cashbery is trying to address in the first place, by designing a system for fast, effortless, and really cheap transactions.
What is There for Individual Users?
You, me, and Dupree will get our crypto money to transact independently (read: fly freely) from the requirements and laws of any country. Another thanks-god-I-do-not-have-to-worry-about-that feature is that you can pay in CBC for any goods or services without thinking about converting currencies. No more double conversions, insane commissions, and complex calculations — CBC is your new medicine for migraines.
Devs promise Cashbery wallets would be hack-proof and there would be no option for unauthorized coins to enter the system. With Cashbery, you’ll be able to forget about double spending, chargebacks, and other scam schemes aimed at diddling you out of your money.
Why Would Businesses Care?
What merchants get is no borders for payments around the world — no bans, limits, or strict regulation.
Significantly lower transaction costs will allow businesses to make larger transactions without fleecing them of all their money. Besides, Cashbery offers a user-friendly interface for managing operations; businesses can even launch loyalty programs for their customers. The payment system is very easy to integrate with the user’s mobile application or website.
It’s a perfect match for start-ups and small businesses since there are no barriers to entry.
4 Reasons to Buy CashberyCoin
1. Decentralization. Cashbery is initially distributed through the regulated and transparent purchase of coins by the future network participants who do give a damn about its stability and progress. Mainstream cryptocurrencies could not be considered 100% decentralized because of the consensus protocol they are using.
2. The Unique Combination of PoS and PoW. By combining the Proof-of-Stake and Proof-of-Work principles in the Cashbery ecosystem, developers achieve the new blocks generation speed of 1 block per minute. This ensures Cashbery has significant advantages compared with the majority of mainstream digital currencies. And by that we mean lower transaction fees (0.0001 CBC) and higher speed.
3. Instant Transactions. Another amazing feature of the Cashbery algorithm is providing fast transactions even during the unprecedented load of the network (mew, remember crypto-kitties?).
4. Brilliant Security. You don’t need Chris Pratt and the Guardians to make sure your assets are safe: Cashbery uses proved cryptography methods to store your account access keys. Thanks to the ultra-secure protection, not even a coin can be ever stolen from your wallet even if the intruder gets a chance to compromise the device your crypto storage is installed on.
The Cashbery Coin Roadmap
The Token Sale was live from June 1 to June 30, 2018. Now, CBC is already listed on BTC Alpha, and there is going to be more exchanges soon.
According to the project’s WhitePaper, starting Q3 2018, CashberyCoin is planning to open its offices in different countries to popularize the project and attract more loyal users.