Basid Coin BASID White Paper

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Hello and welcome to this blog post about Basid Coin BASID White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.

There is a lot to learn about this futuristic tech, lets get started to dive into the Basid Coin BASID white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

The aim of this blog post is to help you quickly understand about the philosophy behind the Basid Coin (BASID).

I can ensue you that, you will be able to understand every bits and pieces related to Basid Coin (BASID) after going through the Basid Coin BASID white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Basid Coin BASID White Paper

Basid Coin BASID white paper will be going to provide you, all the information that is needed to get started with Basid Coin (BASID), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Basid Coin (BASID).

Introduction

“ Online payment transactions are essential for the digital economy. Blockchain-based payment platforms are advancing in their reputation as an efficient payment method with millions of successful cross-border transactions worldwide.

With this said, BASID aims to drive the technology for widespread adoption as a payment method by tapping into the flourishing application market. BASID serves as a way to introduce a cryptocurrency payment solution not only for decentralized apps but for all existing smart applications.

It is designed to cater to a wide spectrum of platforms such as applications offering food delivery, transportation booking, accommodation renting, travel booking, and online shopping. BASID will be engineered to become compatible with most of the existing apps that offer payment transaction services.

BASID will form a network forked from Ethereum to offer a blockchain-based payment gateway API that can accept cryptocurrencies. The BASID network will facilitate easy integration of apps allowing application developers to easily integrate crypto payment functionality to their application.

Initially, BASID, the native token of the platform, will be released as an ERC20-based currency. BASID tokens can be used as payment on the application along with other cryptocurrencies supported by the payment gateway API.”

White Paper Link: Basid Coin (BASID) White Paper

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