Traxalt – A blockchain-based solution is changing the way companies interact with each other. Traxalt made its debut in the digital asset market in June 2019. The Traxalt protocol is built on the blockchain of Stellar, which makes it easier for companies and companies to reduce costs, achieve faster transaction times and manage transparent information with a system that offers scalability in growth data and less participation from third parties. Businesses can reduce costs and care for data integrity because the system makes it easy to settle and clear cross-border transactions on a single network.
Traxalt recently reported that its user base is close to reaching the 1,000,000 mark (Q4 2019 was 810,083, indicating a quarterly increase of 22.5%). It is exciting that an ambitious blockchain project has been successful in incorporating hundreds of thousands of users into these market situations.
Companies have taken sides with Traxalt because cross-border payments are inherently inefficient today, since there is no extensive global payment system. These systems face many challenges due to their centralized nature. Traxalt It solves these problems with its decentralized protocol that is free of limits. Due to the decentralized nature of the protocol, there is no conflict of interest and the system cannot be controlled or manipulated by either party. These fully decentralized systems do not require scrutiny since the data is transparent.
A Protocol, A System
Under the slogan One Protocol, One System, companies that operate with the Traxalt protocol avoid the “global standard and variations between systems operating in different regions“All thanks to its decentralized nature. Companies are taking advantage of this advantage to process data with each other without worrying about the global standard and prevailing variations. The Traxalt team has also been working on a commercial application that handles payments and processes data on the go.
To support mega cross-border transactions, there must be a robust liquidity and risk management system. Traxalt deals with liquidity through its TXT token that operates on the Traxalt protocol. The TXT token protects the network from spam / malicious behavior and also creates a pool of liquidity. Traxalt tokens are also used to reward users, developers, and other participants for taking actions and services that benefit the entire ecosystem.
2Today, the world requires a global payment network that allows the movement of money to all corners of the world, facilitates instant settlement, and is reliable and profitable. Traxalt has achieved all of these characteristics with its value proposition, allowing thousands of companies to save costs and time.