AIGO-The Latest e-commercial payment system
Undoubtedly there are many payment systems In the blockchain industries. But each one is unique to specialties in certain criteria.
Here,I will discuss the fundamental ideas of a payment platform that will enhance the e-commercial payment by two steps and provide a nice experience for customers.
To address the problems, AIGO has chosen to make the payment method extremely simple by using the well-developed "AIGO Smart Contract" to support the new accounting methodology. This is a wonderful feature of this AIGO project.
Here, the smart contract is a solution which creates a powerful payment system that can enable clients to think, to work in the right organization and competence, to be readily modified in order to react to changed conditions and to be measured, i.e. noticeable. This can be done by arranging a single transaction, extremely complicated transactions such as refunds, split payments, per-use payments, exchange-rate adjustments or a blend of them. It can be used as a means of regulating transactions.
The primary objective of the program is to fosters enterprises with certain systems, encouraging them from the very beginning to implement or use the Aigo Ecosystem. They hope to tap into and join the manufacturing world with ten thousand clients on a daily scale covering different markets.AIGO is an attempt to design the creation of infrastructure, which can become a completely decentralized payment system.
observation
As we understand, the blockchain is chosen to revolutionize the payment ecosystem and is overcome by a blockchain network(p2p) that enables for a flexible and scalable payment card across a decentralized platform.
Here the AIGO Protocol can promote transactions between clients and traders, remove intermediaries along with the manner, save big quantities of money to traders and clients, improve general efficiencies and lower risk. AIGOPay can lead to crypto-holders being able to transact with traders without having to deal with a mass of crypto payment networks, payment offers a powerful and flexible protocol to promote protocols for the big and high volume transaction sectors that's the way hope to become a worldwide crypto-payment foundation.
AIGOPay has two main part like off-chain and on-chain. The AIGOpay features are provided in on-chain parts, while the Off-chain parts are intended to create easy communication between users.
AIGO SmartContract(modified ERC20 contracts) is not only a mediator but also a store for accounts of tokens. AIGO tokens for AIGO's ledger to monitor the balances for each address and the track transaction limitations for individual users. The mechanism behind is "All addresses for other mappings are mapped, i.e. the mapping between such contracts and their corresponding limits will be included. Contract tokens will handle the Contract Creator approval, tokens for the community and contract executor.
Token
AIGO tokens are an AIGO Chain payment system and it will be an ERC20 based token, but the money transfer process will be extended to allow for the use of own technique with modification, resulting AIGO Token enables easy and flexible implementation of a full-time payment system.
In my opinion, This project has a very good and promising concept, which can fix many of the current issues in the payment system with cryptocurrency. The use of artificial intelligence also shows that the project team follows the times and sees their concept of a healthy future.
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