Tuyanto: SIDERA

ntroducing Sidera

Sidera is a complete end-to-end solution for contactless and smartwatch retail point-of- sale (POS) including a full-stack reference implementation of all the components.

It includes a mobile application and point-of-sale (POS) terminals that are already

in deployment. All of these components will be made widely available through open source and open specifications.

Blockchain

Blockchain is the first and most trusted global cryptocurrency company.

Blockchain technology is becoming a redoubtable, unnerving force in today's world.

In layman’s terms, the blockchain is a virtual, public ledger that records everything in a secure and transparent manner. Unlike banks that facilitate transactions with traditional currencies, the blockchain allows the free transfer of cryptocurreny through a decentralized environment. All the data is then held in an interlinked network of computers, owned and run by none other than the users themselves.

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

Problem of Blockchain

Current blockchains suffer from several limitations that are inhibiting usability and adoption. Overcoming these limitations will be necessary if the technology is to meet its true promise.

Some of this problem are:

1) Scalability.

2) Limited Programming Ecosystem.

3) Blockchain Security Vulnerabilities.

4) Usability.

5) Governance Mechanisms.

1) Scalability

A completely decentralized system where financial actions that require a high level of trust. hard limits on the number of transactions that can be processed in a specified time interval. Almost all of the well-known first-generation blockchain systems have hard limits on the number of transactions.

Conventional blockchains like Ethereum are now constrained in transactional throughput because of the nature of their protocol and blockchain design. Currently, the primary design structure of most existing systems is a linear linked-list style blockchain.

2) Limited Programming Ecosystem

Blockchain-based smart contracts have also ushered in a new era of computational law whereby contracts are backed and agreed on by a blockchain which is unbiased and universally prevalent.

Ethereum Virtual Machine was a significant step-up from the highly limited (by design) Bitcoin programming environment. However, with increasing adoption; the EVM has hit design limits and security pitfalls.

So, although Ethereum created the application development aspect on a blockchain, building complex applications remains very difficult.

3. Blockchain Security Vulnerabilities

Ethereum protocol being vulnerable have been reported – which bodes well for their security considering these networks have now been around for years.

However, application layer security has been inadequate thus far. Lackluster application layer security has resulted in multiple incidents from the Parity Multi-Sig Wallet issue

4) Usability

Providing feature-rich tools for third-party developers has not been a priority as of yet. This has had a negative impact on system security.

5) Governance

First-generation blockchains didn’t foresee the governance challenges that a decentralized system, with no central party, would face. Hence, we have witnessed the divisive Bitcoin scaling debates and Ethereum forks which illustrate that governance mechanics should be part of the blockchain protocol.

Solution to this Problem

Sidera platform for consumerizing cryptocurrencies by enabling their use in retail Point of Sale (POS) through a smartwatch and a contactless smartband.

Sidera has the same properties of Real Implementation, Open Governance and Incentivization that allows for the rapid global expansion of the solution.

Sidera is a complete end-to-end solution for contactless and smartwatch retail point-of- sale (POS) including a full-stack reference implementation of all the components.

Blockchain & Shared Economy Applications

The blockchain and the economy of today are closely related, With the recent interest in the Internet of Things and blockchain, the opportunity exists to create a myriad of sharing applications, e.g. peer-to-peer automatic payment mechanisms, foreign exchange platforms, digital rights management and cultural heritage to name but a few. While many types of shared economy scenarios are proliferating, few of them, so far, leverage the Internet of Things and blockchain as technologies to build distributed applications.

Structure of Sidera

Decentralized Wearable Devices

Sidera scalable ecosystem revolves around a new revolutionary way of sending crypto: Decentralized Wearable Devices (DWD).

The smart watch can serve as a digital wallet, which can support and sustain your own daily productivity.

But with the recent technologies retailers will be able to collect “super data” such as a user’s in-store shopping frequency, their basket size, value per item, length of stay etc. Sidera strongly believes in freedom and privacy, that’s why Sidera smartwatch support all major cryptocurrencies.

Sidera developed the first Decentralized Wearable Device Project of the world using the Smartbit Technology.

SmartBit is a new idea of smartwatches and smart-bands focused on Bitcoin and cryptocurrencies. Scope of these devices is to provide for its users an easy, handily, innovative and secure way to manage the Crypto-environment.

SmartBit lets people receive, send and manage Bitcoins and any other cryptocurrency or token ERC20 completely from their wrist in a beautiful and secure way.

The smartwatch is linked to a companion app which handles features like addresses, contacts, blockchain synchronization, and much more./

EXTRA FEATURES:

• Price alerts: possibility to receive price notifications depending on changes in the current price.

• Favorite address list: you can save specific addresses used to receive funds (ex. Personal addresses belonging to specific exchangers). You also have the option to send money to those addresses).