With the continues popularity gained by the cryptocurrency market, knowing that the market is lesser than 10years old, cryptocurrencies like Lithereum, Ethereum, Bitoin, Ripple, etc has grown so high in price that it is difficult to purchase them for trading. With the financial success recorded, the cryptocurrency ecosystem has also created jobs for people around the globe.
However, despite the enormous success the crypto market has recorded it is imperative that we also look at some of the challenges recorded.
CHALLENGES IN THE CRYPTOCURRENCY MARKET
The challenges recorded in the cryptocurrency ecosystem have structural and functional attachments, which narrates down to the poor understanding of users in the crypto space. Listed below are major challenges we have witnessed in the crypto space.
PRICE CRASHING: One of the biggest challenges in the crypto ecosystem is the rise and fall of prices within the shortest period of time; this, of course, makes investors withdraw from investing in the crypto market.
SECURITY OF FUNDS IN WALLET: Cybercrime has come to stay as long as the internet remains. I have been a victim of hacking activities, where about 1000 dollars was hacked off my crypto account. This was unpleasant, but the truth remains that most investors or users have either been victims or don’t trust the process.
DELAY IN TRANSACTIONS: The cryptocurrency market has challenges in transaction delay, which affects the overall performance, from the opening of a crypto account to the tracing of transactions. Nevertheless, we know that just like machines, we don’t expect 100% efficiency. These challenges and many more are areas SIDERA, is developing innovations to arrest.
Project SIDERA revolves around Decentralized Wearable Devices (DWD), that is involves the use of blockchain technology and Internet of Things. The platform is ERC – 2o complaint. SIDERA develops a technology called SMARTBIT, which deals with smart wrist watches and smart bands, were cryptocurrencies funds can be stored on the wrist, with a high security that records the body signal of the individual before operation. SIDERA network is efficient for users, through the smartbit App faster crypto transactions can be made at the Point Of Sale, with a better response.
THE ADVISORS AND TEAMS
We do believe that the success of any project depends on the leadership of the project. SIDERA is made up of vastly experienced professionals, who have in-depth knowledge of the crypto market.
FOUNDER & PROJECT ENVISIONER – Camillo Piscitelli
CO-FOUNDER – Vincenzo Niglio
LEAD ADVISOR – Leon Gerard Vandenberg
A.I CONSULTANT – Stefano Della Valle
WRAP UP: With such a robust and dynamic innovation, it is imperative that investors benefit from this project, now it is at its ICO phase, as this project will have a lot of positive growth potentials.
FOR MORE INFORMATION
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