pr	2018-8-13 12:22

Centralisation is one of the major problems plaguing today’s world. It retrains the traders from exploring their options freely and imposes certain conditions and necessities that prove to be a pain in the neck. This raises support for decentralisation.

Decentralisation, when summarised, means a central authority or the primary organisation cannot have complete control over a system. Rather, the control of the system is distributed among the participants in the system. One of the biggest advantage of decentralisation is that it ensures that there is no misuse or abuse of power by the central authorities. Having said that, this does put every participant in a position to take up more responsibility.

The benefits of decentralisation are one of the main reasons as to why MYTC is the future. Cryptocurrency is an emerging sector out there right now and it’s only going to grow in leaps and bounds. Now, speaking about one of the biggest revolution in terms of the Finance Industry, Blockchain is still in its inception. The Blockchain industry without a doubt will impact all areas of Finance, Tech and society.

MYTC has successfully managed to combine the bartering system into digital currency. Built with the help of Blockchain technology, their token is on the Etherium network, which is secure and decentralised. This gives the participant maximum benefits. Some of them are listed below.

No central authority will be present in the picture The participant’s data will be safe No one will be able to force the participant into taking down his/her store The participant will have complete control over all of their trades

Centralised marketplaces won’t be able to offer these assurances or benefits because of their revenue model. Their revenue model forces them to keep tabs and impose certain rules and regulations in some or all of below mentioned areas.

Most of them charge fees but if they don’t, then they would have to rely on the participant’s data to make money If they do not monetise the data of the participants, then they would have to charge certain amounts as fees Even if they don’t crack down on stores or censor transactions, they would be pressurised by the government to do so. If they don’t, then the government will shut them down.

Through MYTC, the participant can barter or trade with anyone globally. Basically, the participant can take part in border-less and boundary-less exchange or trade with each other globally and freely, without the involvement of the middleman, without the involvement of a company and with uber high fees. Another advantage of MYTC are the extremely low exchange rates. The current exchange rates hover around the range of 5% to 6% while MYTC proposes a charge of only 0.5% to 1% per transaction.

Through MYTC, the participant can gain potential new customers by opening and operating new markets in collaboration with other members from various platforms. Also, they will have the option of moving or trading underperforming stocks with ease instead of opting for the age-old tradition of selling the underperforming stock at a heavily discounted price.

To summarise, MYTC is the perfect addition to the already booming Cryptocurrency market and the overall Blockchain domain, as it offers a decentralized solution to the best of both worlds for one and all to take part in.

The post MYTC – The Answer for Decentralization appeared first on ZyCrypto.

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