Tip Blockchain - Platform merchants with payment solutions to Transaction using Technology Blockchain

aruldaroy (16)in #cryptocurrency • 7 years ago

e advanced Building a blockchain with thes features would take a significant amount of time. We believe the solutions proposed will be truly revolutionary in the cryptocurrency space. The problems highlighted are ones that need to be solved immediately, and not in a few years. Thus, the Tip team will launch the Tip solution on the Ethereum Network initially. This initial solution will use a hybrid model of decentralized network and apps, and centralized database to solve the problem of discovery in the short term.

Tip proposes innovative solutions to the problems users face in using cryptocurrency for day to day transactions. We do this through the power of discovery on-chain, and building applications that harness the power of discovery on-chain to create customized solutions for end users and businesses. Discovery is made possible by a blockchain that supports storing arbitrary metadata off-chain in IPFS, and indexing this data on-chain so it is searchable and discoverable by end users and decentralized applications. This provides an extensible platform on which various
other apps can be built to utilize this data stored on-chain.

What is the Blockchain Tip Platform.?
Tip Blockchain is a Platform provides usernames on chain instead of cryptographic addresses, and enables on chain discovery, making it easy to find other people on the network. The Tip network connects users over peer to peer networks, and merchants with payment solutions, making it easier than ever to transact using cryptocurrency.

With Tip Blockchain, users and businesses can register usernames which can then be searched and discovered by other users. Platform Tip Blockchain will creating an ecosystem where end-users and merchants will be able to find each other and transact in a fast, easy and user-friendly ways, that have not previously been seen in crypto before. Tip Blockchain enables ease of use by discovery on the blockchain.

Once the Tip Blockchain is developed, the data stored off-chain will be migrated to the new blockchain. A snapshot of the state of the network will be used in the creation of the genesis block. The ERC20 TIP tokens will then be converted to the new network tokens at a one to one rate.

The first decentralized app built on the Tip Network is the Kasakasa wallet, which supports address aliases or usernames, and makes sending transactions as easy as sending an instant message. The second application, targeting businesses is the Tip point of sale system, which makes receiving cryptocurrency payments as easy as using other point-of-sale systems retailers are used to. With these solutions in place and the solid foundation of on-chain discovery, Tip is poised to be at the helm of the cryptocurrency revolution.

Key Features Tip Blockchain Platform.?

Smart Addresses
Sending money to friends and family using their username.
Merchant Solutions
Point of sale system for merchants to easily accept cryptocurrency payments from their customers, saving transaction fees and time.
Transaction Metadata
Arbitrary data attached to transactions can be used for various purposes, including identifying info, memos for payments, receipt confirmation and more.
Search and Discovery
Information on the network is indexed and searchable so users and businesses can find information by searching using our wallet and point of sale apps.
Peer-to-peer Instant Messaging
Chat with your friends and family over secure peer-to-peer connections and send TIP tokens from right within your conversation.
Light Mobile and Desktop Wallets
Our light desktop wallet ensures that you can connect to the Tip network and start sending transactions whether you’re at home, office, or on the go.

The Tip Token
The TIP token is the unit of account on the Tip network. It is the native currency on the network, thus is used to pay for transactions, storage and other services on the network. TIP is a utility token that the users will be able to use it to:
Transfer between peer to peer.

Use it to buy things in the real world with merchants who accept TIP.
To store data on the Tip decentralized database.
To pay for transaction fees on the network.
Reward developers for creating apps that run on the Tip Network.
To vote for delegates to secure the network.
For delegates to stake their coins and earn staking rewards for securing the network.

The Tip platform provides an ecosystem that will allow users to purchase both digital goods and services on the platform, and also tangible goods in the real world from merchants that accept Tip token.

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