ABLE PROJECT : DECENTRALIZED CRYPTOCURRENCY PLATFORM


INTRODUCTION
Existing cryptocurrency banking services provide deposits and loans separately rather than linking depositors and borrowers. The services have shortcomings such as inability to provide high deposit interest rates in a sustainable way. Such services cannot mitigate or eliminate intermediary risks because their structure is based on a centralized model.

Based on above situation, The ABLE project goals to apply decentralized blockchain technology to financial and wealth management features; to directly link demand and supply through an account on a peer-to-peer basis; and to establish a reliable system (ABLE account). It purpose subsequently to build an in-house decentralized exchange, and then to evolve into a platform on which to develop and use smart contracts for finance and wealth management services.  

The ABLE project would create a platform that enables cryptocurrency based financial activities to center around the ABLE account, emanating from the fact that banking activities are carried out primarily through bank accounts. Users request deposit and loan interest rates through a matching system, eliminating the lending-deposit spread by directly connecting users on a peer-to-peer basis. The ABLE project supports decentralized cryptocurrency and provides decentralized exchanges wealth management services through smart contracts. In the future the project aims to evolve into the ABLE Ecosystem through its integration with external systems, including simple payments.

The ABLE project allows both depositors and borrowers to make a deal on the proposed interest rate without an intermediary.
 

ABLE PROJECT FEATURES



THE ABLE PROJECT ROADMAP





CONCLUSION
With applying blockchain technology to several financial services, such as using cryptocurrency, depositing cryptocurrency coins in real life, and making investments with cryptocurrency, ABLE project will create a system that meets the expectations of those anticipating the fourth industrial revolution in this age of blockchain.

With all benefits described above, ABLE project purpose to provide users with a great user experience, while simultaneously allocating value to ABLE

By applying blockchain technology ABLE intends to integrate into one system all the financial solutions currently dispersed across the blockchain market, by offering a solution to existing banks’ problems, and an alternative to centralized deposit-lending systems.

The core of the ABLE project (The P2P investing-lending system) is very important because it creates personalized accounts for cryptocurrency assets. Existing micropayment and fund solutions suffer from numerous shortcomings due to the lack of an integrated account, and users have substantial trouble using those solutions. Additional solutions will be created in the integrated system to provide various services to users through their account designed for them.

Please follow below links for more info about ABLE Project:



Posted by:
Bitcoin Talk username : maniak kemsut
Profile Link : https://bitcointalk.org/index.php?action=profile;u=2132482
Wallet : 0xD1182fe4B8ae5E4D7801f6B851374E3F3A2d6A04

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