Pluton PLU White Paper

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Hello and welcome to this blog post about Pluton PLU 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 Pluton PLU 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 Pluton PLU.

I can ensue you that, you will be able to understand every bits and pieces related to Pluton PLU after going through the Pluton PLU 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.

Pluton PLU White Paper

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

Introduction

The Plutus Mobile Application enables a user to make contactless Bitcoin payments at any merchant with a Near Field Communication (NFC) enabled checkout terminal. This is the most practical way to pay with Bitcoin, because the payment process consists only of holding a mobile device above the merchant’s NFC reader.

As a result, Bitcoin payments are effectively accepted by proxy at over 32 million brick and mortar merchants around the world. The primary purpose of Plutus is to provide incentive for, and enable, the practical day-to-day usage of Bitcoin; ultimately accelerating mass-consumer adoption. The competitive advantage of Plutus, within the mobile payments industry, is the effective utilization of the rapidly expanding Ethereum network.

Through a transparent and decentralized network protocol, underwritten by distributed ledger technology (the blockchain), Ethereum allows Plutus to deploy smart contracts to enable secure, peer-to-peer (P2P) exchange of fiat currency and Bitcoin, with the added benefit of automatic escrow.

Using these methods, the Plutus Decentralized Exchange Network (PlutusDEX) of traders convert Bitcoin deposits into a prepaid debit balance that is valid at any contactless point-of-sale (POS) terminal. The philosophy of the application itself is open, inclusive and committed to the network health and widespread usage of Bitcoin. As such, a public trading API will be available, and 3rd party development is encouraged.

White Paper Link: Pluton PLU White Paper

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