Bitcedi. Banking on your terms. For kids too!
Bitcedi is a decentralized crypto-currency based on the CryptoNote protocol. It enables people to deposit coins just like you would do on your bank. Keeping the coins on your wallet or deposit them using the “deposit” function is up to you. Interests go up to 106 % yearly. Bitcedi wants to be seen as a form of money rather than “money”. Bitcedi is a transfer protocol. “Decentralized banking, imagine a crypto world where every asset has is pegged IBAN and SWIFT Code as a central authority, this asset would become a “true” P2P decentralized bank.” — stated “whiterabb1t”, Bitcedi team member . Bitcedi enables file transfers over the ipfs network and there is also a messenger feature ( Messages 2.0 ) which allow people to fully communicate like you would to by email. Your address/wallet is your bank/alias/identity.
Bitcedi is also releasing a version for kids!
Bitcedi Developers aim to release exclusive wallets for kids and educate them on how important blockchain technology can be important for “problem solving”.
Who doesn’t remember Rugrats TV series?
Thats right! Bitcedi is Proof-of-work and mineable using CryptoNight v7 algorithm. Most people think GPU has always been more profitable than CPU for this type of CPU’s algorithm when in fact CPU as proven to be more efficient. So not only in this particular case, I consider all non-asic CryptoNote coins with same type of algo with slight variant to be CPU. Bitcedi block halves every 6 months, started at 80…40…20 ( currently ) till it reaches a 5 units tail reward.
Bitcedi has also a “business” edition.
Business edition will have features like decentralized KYC identification on services, e-commerce and pretty much everything you can imagine bots can do! Decentralized bots enable this to happen. A bot can be behind a proxy-chain, onion network, vpn, etc.
Bitcedi also aims to be PSD2 compliant however this is a long way to go when it comes for you to still be your own bank.
bitcedibanking.org, tradeable on Cryptopia.co.nz and Crex24.com
