Cryptonex

Launched in 2017, Cryptonex aims to optimize the use of digital money. Despite significant advantages, cryptocurrencies are quite complicated for everyday interaction - depositing and withdrawing funds are done through third-party exchangers and exchanges; in order to exchange one currency for another, it is often necessary to make several conversions paying large commissions. Cryptonex developers seek to remove all barriers to the use of digital money and make them as affordable as electronic funds on a plastic card. Active attention is also paid to mobile applications that allow making direct one-level payment directly from the phone. Cryptonex platform is focused on the interaction of both digital money and fiat funds. Using such a system will allow you to make a payment, regardless of the required currency - built-in conversion will instantly transfer funds to the necessary money at the current rate. Cryptonex technology will eliminate this obstacle by simplifying access to digital money and its adoption at the bank level. Analysts point out the following Cryptonex features: solving problems with scaling and increasing transaction speed; simplification of the processes of input, withdrawal and conversion of funds, reducing the waiting time; decreasing the time of the commission charging for the actions performed; increasing the reliability of funds storage and reducing the likelihood of fraudulent actions during the exchange; incentive system rewarding users. Cryptonex works on the Scrypt algorithm, but uses the Proof-of-Stake consensus protocol. The developers provide the opportunity to earn up to 12% per year for network support, without taking into account the rising cost of the cryptocurrency itself.