Faster and more secure payments
Powerchain has been created out of the need for greater personal data security in the sharing economy, where users are expected to share information, such as their address and location. The impetus behind it has also been prompted by the increase of data breaches and concern as more attacks occur on digital platforms.
Powerchain’s technology aims to make payments more secure and faster by moving them onto cryptocurrency blockchains on what is described as its ‘Acyclic Graph algorithm supported cryptocurrency gateway’. The DAG structure is used in data processing and scheduling issues such as navigation and data compression. According to Powerchain’s whitepaper, the “blockless nature of the systems means transactions run directly into the DAG networks”, this makes the process faster than blockchains that utilize PoW and PoS.
Powerchain’s portfolio comprises of four separate products. Firstly, the Powerstack, a wallet featuring management and storage functionalities, as well as the ability to track Pcx coins. There is also Powercard which is a payment tool for Powerpay, a crypto debit card. Powerex is another product which features decentralized sharing exchange that rewards users.
On its roadmap, Powerchain points to some major goals, including the release of the Powerstack Wallet V1.0 in quarter 4 2018, the public launch of the PowerEXchange in Quarter 1 2019 and the mainnet launch the following quarter.
The total token supply is 10,000,000,000 PCX and total number of tokens for sale is 6,500,000,000. Accepted currencies are ETH and there is a minimum contribution of 10 ETH. Pre sale tokens will be distributed following the end of the main ICO. Ahead of the main sale, a pre ICO will start on Wednesday September 19th lasting until September 27th with a pre sale bonus of 30% available.