KCN: WHY GIANT DOES NOT NEED KYC

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WHY GIANT DOES NOT NEED KYC

This material explains how the ‘Know Your Client’ principle is not applicable to the Giant blockchain and Giant.Exchange — the first decentralized application based on this environment. What prevents financial crimes on Giant.Exchange:

  • currency conversion is not available…
  • high masternode price barrier for rogue Brokers and Oracles…
  • the prohibition to use one masternode for multiple accounts…
  • funds availability confirmation..
  • Brokers can only change the basic parameters of a binary option contract..
  • Oracles can only change the data source Api…
  • smart contract votes with all other masternode owners participating…
  • user reputation system…

This leaves only one opportunity for criminals — to hack our platform and/or Giant blockchain. As you might deduce, Kyc has never stopped hackers from stealing bank funds. Decentralization is what can completely eliminate a single point of hacking and solve other different security issues.

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AITCA is a FREE private blockchain platform built on a fork of Bitcoin Core. The AITCA platform further extends the innovation of Bitcoin and blockchain by integrating distributed machine learning using the blockchain as a backbone. You can use the AITCA platform to issue Assets for any personal or organizational financial needs, or you can use AITCA as your own financial/private network. AITCA asset are very unique in make-up, as they have some characteristics of cryptocurrency, some characteristics of a token, and yet can be seen as a hybrid asset/token/cryptocurrency which make AITCA asset inherently more valuable to our users.

Because of the robust nature of AITCA, it can be used in various industries including: Healthcare, Real Estate, and Banking. AITCA can also be used for encrypted data storage whether personal, healthcare, media, corporate or government. AITCA goes beyond a typical blockchain platform for Asset/Token issuance or secure data/media/audio storage. Since AITCA is in it’s infancy stages, the true extent of the AITCA Platform has yet to be realized. AITCA asset are very unique in make-up, as they have some characteristics of cryptocurrency, some characteristics of a token, and yet can be seen as a hybrid asset/token/cryptocurrency which make AITCA asset inherently more valuable to our users.

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