Sidera SmartBit : Guide on how to receive ,send and manage cryptocurrencies

SmartBit is a new idea of smartwatches and smart-bands focused on Bitcoin and cryptocurrencies in general. Scope of these devices is to provide for its users an easy, handily, innovative and secure way to manage the Crypto-environment.The purpose of the SmartBit project is to let cryptocurrencies become more attractive and fully scalable, with an easy and pleasant way to handle transactions, strengthening at the same time its security.
SmartBit lets people receive, send and manage Bitcoins and any other cryptocurrency or token ERC20 completely from their wrist in a beautiful and secure way.
The smartwatch is linked to a companion app on PC or Smartphone which handles features like addresses, contacts, blockchain synchronization, and much more.
Now to main purpose,

How to receive cryptocurrencies on the SmartBit device;

The built-in software permits users to receive Bitcoins or any other existing token directly on the wrist generating new addresses. It is possible to generate a new address from the smartwatch/wristband simply by pressing a button.This new address can be displayed as a QR Code for fast “on-street/outdoor” currency operations. It is also possible to share the address to contacts. If the user needs to receive a specific amount of money the smartwatch can generate a QR Code for that amount of money. The user has the possibility to choose whether to share the code to contacts (integration with external apps like Messages, WhatsApp, etc) or to display it directly.
The address generated has its own private and a public key which sidera has managed to create the wallet by generating entropy through the movement of the wrist, with a built-in accelerometer.

How to send cryptocurrencies on SmartBit device;

SmartBit smartwatch invented by Sidera lets users send Bitcoins or any other cryptocurrency in different ways which is completely revolutionary
(1) The smartwatch’s “Receive notifications” feature has a double function:
• To display smartphone notifications like every other smartwatch in the world.
• To detect any crypto-address included in the notification message. As soon as a new address is detected the user can choose to send the related cryptocurrency to that address.
(2) With the SmartBit device ,It is possible to save the public address of a contact the address book or anybody you wish to send cryptocurrencies to and then select it whenever you need to send funds.
(3) Proximity wrist-to-wrist sending/receiving
:This particular feature allows the smartwatch to interact with other SmartBit devices within a specific range (through Bluetooth and Wifi). This basically is a special feature for users of SmartBit in a unique way.In order to take advantage of this feature two or more SmartBit devices must be in range. The device will then detect any specific other device, if available, allowing to send or receive funds.
This is a very important feature. You are able to send or receive cryptocurrencies OFF-CHAIN, in a completely decentralized way, even without the companion app. The device will synchronize with the Blockchain lately, when the internet connection is established again.For highness security you can define the maximum amount of funds spendable with this particular function and money can be sent only with PIN confirmation.

How to Manage your cryptocurrencies in terms of how much you want to send:

SmartBit smartwatch allows users to select the amount of money to send in a new, beautiful and easy way: the smartwatch display is capacitive touch screen letting users write the numbers with their finger directly on the screen (think about Xiaomi band feature).

Another solution is to display the numbers from 0 to 9 (including comma and dot) as "tappable" squares, then the user will tap the relative numbers with his finger through the touch screen. This specific method is used for secure PIN selection in order to confirm the transactions.

If you have further questions or interested about their marketplace or the project? Join their social media space and talk to the team

Telegram: https://t.me/SideraOfficial

Linkedin: https://www.linkedin.com/company/sidera-blockchain-technologies
Twitter: https://twitter.com/siderabc
Facebook: https://www.facebook.com/siderablockchain/
Reddit: https://www.reddit.com/user/SideraBlockchain?st=JIRSDIAI&sh=dd548a81

and their website https://sidera.io and download their white paper https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf

Produced by olarrtt
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