The struggle for an inclusive solution is the lunar race of blockchain. 4.6 Bitcoin transactions per second. Visa executes nearly 1,700 transactions per second on average (calculated based on the official claim of more than 150 million transactions per day). There is huge potential for acceptance, but scalability is currently undermined. A study by Tata Communications in 2018 showed that 44% of companies adopted blockchain in his opinion survey, but also mentioned the general difficulties caused by the use of new technologies. The unresolved scalability challenge comes from the architectural level, which is the bottleneck of blockchain adoption and use. As Deloitte Insights puts it, “Blockchain-based systems are somewhat sluggish.” For companies that rely on high-performance traditional trading platforms, the loose transaction speed of blockchain is a big problem. “The minimal transmission delays and high fees of the Bitcoin network, and the famous Cryptokits program that blocked the Ethereum blockchain network became apparent globally from 2017 to 2018. (Thousands of decentralized applications rely on network of).
Cryptographic service providers need to frequently increase their technology by providing mandatory measures to provide fast transaction rates at a cheaper cost. As the growth of cryptocurrency transactions increases, transactions in the use of cryptocurrencies occur faster. Faster transactions are the main dominant tone behind the popularity of cryptocurrencies. Faster transaction settlement in Crypto promotes the safety of all parties and eliminates the problems associated with lingering funds that are common in regular banks and even Visa. Therefore, speed is one of the most significant key factors in cryptocurrency. Blockchain transactions are verified 24 hours a day, 7 days a week, which means they are often completed within a few seconds, and can take up to several hours. Compared with waiting for a cross-border transaction up to three to five days, it is the winner. It is also believed that if financial intermediaries are not required, transaction costs will be significantly reduced, which is another key factor that has received attention.
Speed is of the utmost importance in financial transactions, and the biggest feature and technology of Coinovy is what it can provide to consumers. It makes transactions faster. In less than 60 seconds, Coinovy executes and completes your transaction, currently ranking first among its competitors. Conoway Cooperate with top international technologies, such as Visa, BitGo, etc., to significantly enhance your overall experience. Faster transactions and higher wallet security are the main advantages of Coinovy. The enhanced transaction speed is the result of a new wallet back-end solution created in collaboration with Goldman Sachs’ top security blockchain startup BitGo. It further improves the security of your wallet, making it untraceable through the blockchain. With this, future card transactions will also go smoothly. You can use the Coinovy Visa debit card to convert cryptocurrency to cash in a matter of minutes. The convenience of payment and fast identity check are the result of Coinovy’s user-friendly modern interface design.
Coinovy’s goal is to provide fast, transparent, secure and simple transactions through an ecosystem that allows individuals to use traditional or encrypted systems to transmit digital value as they please.