Technical Features of ORMX Coin

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As the crypto industry has not completely achieved physicality, while the FX market has truly worked on the liquidity. This results in the volatility in the market during the higher transaction rate. A subsequent rise or fall in the crypto market is due to high transactions whereas a one million dollar transaction has no such effect.

If talking about volatility of the market then prices of the Bitcoin fluctuates eruptively by hundreds of dollars as the value increases. The specific problem is found that liquidity affects volatility. As the founder defined that the only solution to this is that people should increase the use of Bitcoin until liquidity can be achieved.

Another problem is that Bitcoin has a scalability problem as the transactions per minute is slower because the main profit-making is in gift or settlement.

The bitcoin is called remitting money as there is enough time for completing the transactions using the existing infrastructure. The protocols of Bitcoin are based on the Proof of work and thus depend on the GPUs for mathematical completion of the nonce for enabling the blocks for the transaction to add to the blockchain.

By increasing the transferability of cryptocurrencies the possibility of liquidity will increase. The liquidity of the fiat currency is there due to more and more access and transfer movements of the currencies. Also, the difficult wire transfers take a few minutes except bulk transfers which took a few days in bank clearance houses.

The payment processing will increase by increasing the payment speed and using cryptocurrency as the method of transferring the payment. It though increases the use of digital currency and converts the liquidity and also it settles the volatility.

Even Bitcoin is to be known all over the world but cannot use it for payment method. The problem is within the architecture which has a limited speed for transacting money.

ORMX coins are used for developing the payment processing and then it allows the high-speed transfer of money in-between. Speed is approx in between 24 seconds that allows effective online and offline payment transfer with fast speed.

Also, smart contract technology makes the ORMX coin prevent fraud cases. The users have private and public keys, while merchants use their public key for receiving the payments and users send the money by using the private key.

As the ORMX coins work on the Ethereum platform it permits cross-compatibility with the multitude of wallets and Dapps. This then will be a great opportunity for developing mobile applications.

For any query or question, feel free to reach the team at the official Telegram channel https://t[dot]me/orbitmaxofficial