Persistence

Persistence is an interoperable protocol built to facilitate the creation of next-gen financial products. It is an ecosystem of financial products serving both institutional and crypto-native users. Persistence is leveraging blockchain technology to facilitate seamless asset exchange.
The need for a solution like Persistence has never been more evident. A sizable and increasing amount of institutional capital and emerging stablecoins are looking to generate yield. There is an ever-increasing need for traders and businesses to access financing. Persistence matches the two. Persistence provides a platform to power debt marketplaces that match entities with surplus capital (lenders) to entities that require capital (borrowers).
Persistence aims to tap into both institutional and crypto-native liquidity at the dApp layer in a two-step approach. They aim first to bring public blockchain technology benefits to institutional use-cases, tapping into institutional liquidity, and second to bring institutional products to crypto-native stakeholders, tapping into retail liquidity.
In the real-world, you can use real-world assets collateral to help obtain short-term financing. Within the crypto-ecosystem you can only borrow stablecoins by placing other cryptoassets as collateral (often leveraged up). But one issue with cryptoassets is that SME traders and businesses are still incapable of using cryptos on a regular basis. Most of the time users would have to pay for gas which would be expensive and also requires additional knowledge towards the system. And lastly, there still remains a lot of uncertainty with cryptos making it extremely complicated. Having mentioned all that, data is also an essential issue. The leakage of data and malicious activities also hinder the development of DeFi making it extremely hard for other platforms to attempt at solving this issue.
Persistence is an interoperable middleware that provides a sovereign environment for DeFi applications to be developed and operated. The technology of Persistence was created with acknowledgement of all the issues faced currently in the DeFi space. The Persistence technology stack consists of three components:
PersistenceOne Chain(s) – network of sovereign business specific “app-chains” with security provided by Persistence’s main-chain and validators
The PersistenceOne SDK – comprehensive suite of plug-and-play modules to create new or integrate into Exchanges & Marketplaces
PersistenceOne dApps – finance applications focused on retail and institutional stakeholders.

With the ever increasing need for MSMEs traders and businesses to access financing, Persistence’s solution has never been clearer. Moreover, the growing institutional capital and emerging stablecoins will need a space for easy movement of capital. Persistence is the key to a more efficient global capital allocation.

Persistence One is designed to enhance the transfer of value between the two worlds of finance by enabling value transfer through seamless interoperability via on-off ramps. It was developed to promote open and inclusive finance in addition to solving inefficiencies in payments and financing.

Persistence blockchain system
As a Proof of Stake (PoS) blockchain system, the protocol has three layers of Persistence chains (app-chains deriving security from the main-chain and its validators), Persistence SDK (a plug and play module system powering functionality on the network), and Persistence dApps (finance-based applications).
Its design principles are chain sovereignty (independent secure blockchain operation), liquidity, and usability for business purposes. The Persistence protocol blockchain system is privacy-preserving by default yet legal and regulatory-compliant, is integrated with FIAT on and off-ramps, and allows for simplification of processes.
Persistence SDK is by far the platform’s most important implementation of the blockchain. The Software Development Kit is a system of highly effective modules that enable the creation of marketplaces, yielding to a fast and comprehensive exchange of value.
Overall, the SDK protocol is characterized by four key features, being accessibility, liquidity, innovation, and sustainability. These factors power the protocol and allow the Persistence One platform to elevate physical commodities on-chain as NFTs.
Additionally, through the SDK factors, the platform can efficiently implement crypto with real-world use cases ensuring a continuous stream of sustainable income. By doing so, it unlocks a huge potential for MSME businesses in the DeFi sphere through untapped liquidity; thereby providing tremendous opportunities within the crypto space.

For institutional investments to flow into the cryptocurrency sector, traditional institutions need to be comfortable with these digital assets. This comfort can come from trusted platforms like Persistence bridging the gaps between these two worlds. Furthermore, interfacing crypto assets with real-world assets is the key to financing SMEs that have long been overshadowed by large corporations in terms of access to loans.
This will be made possible by lowering or eliminating the barrier to holding virtual currencies and embracing decentralized protocols that adequately address data privacy and security concerns. Persistence effectively tackles these problems using a stack made of app chains, SDK, dApps, and Persistence token (XPRT) to complete the cycle.

Web: https://persistence.one
Telegram:https://bit.ly/3a9u0o4
Sale: https://medium.com/persistence-blog/xprt-token-sale-to-launch-on-ascendex-formerly-bitmax-on-march-31st-full-details-9fe2a8f52fa

author: the gaye
wallet: 0x820410Ee0a97e9132aDDBb77c3f35bb3e5115d1e