Money is usually centralized, which means that is controlled by an entity, such as the government of a nation or the central bank. Digital assets are used to transfer value from one person to another and it does not matter if the people are located in different countries. Cryptocurrencies are stored and sent through a digital wallet. Users who want to make a transaction and send cryptocurrency must use their digital wallet to transfer the amount they want to send from one address to another.
A digital asset like Traxalt is different as the traditional currencies; one of the main benefits of digital assets is that most of them are decentralized, which means that are not controlled by a central authority. This type of transactions are executed and managed by blockchain technology, which performs the same functions that a central bank would normally perform but allowing to make the transaction faster and paying less for a transaction fee.
Digital assets have many benefits, which solve the problems that exist today between centralized currencies and financial institutions. Some of these benefits are security, speed, and transparency which are solutions for the current problems with centralized currencies:
- Currency exchange can result in loss because of the fees.
- Financial institutions charge the sender and recipient of the currency to move their funds.
- It may take days for the transfers to be completed.
- People must trust their bank to keep records of their money and transactions.
Traxalt emerges to solve these problems using a decentralized technology, which is also known as blockchain technology. All the actions carried out through this type of technology are transparent, since it is shared as a ledger, and the information of the transactions is available to all audiences, but the information is encrypted to guarantee a secure way to make transactions.
A digital asset also allows anyone to send a number of cryptocurrencies to someone from a different country. These transactions can be faster because there are no bank hours and people can pay for products or services while being at home.
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With a centralized currency, the person must trust third parties, such as a bank or payment provider, to accurately track, protect and manage their funds. However, with Traxalt all computers on a network record and accept the validity of all transactions through a predetermined process.
Traxalt is considered secure for the users because no personal information is required for someone to process a transaction. The result is that governments or central banks cannot control or restrict who sends or receives funds in this way. Traxalt is a revolutionary technology that restores financial freedom to all its users providing great benefits:
- It is a decentralized system
- The information is encrypted to guarantee a secure way to make transactions.
Traxalt has this optimization to greatly facilitate all the processes made on this platform. The protocols of this digital asset will also be used to protect the network from spam and any type of malicious behavior.