KuCoin has once again proven its trustworthiness to blockchain based projects as they have listed another decentralized network's native currency, CPC. CPC is the native currency of CPChain, the solution of the overwhelming concerns of the IoT or the Internet Of Things.
Deposits are now open with trading pairs including CPC/BTC and CPC/ETC. Buying will commence at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8. All the activities can be performed utilizing KuCoin's App or direct to their website at www.kucoin.com.
Introduction To CPChain
CPChain is the latest Chinese based distributed infrastructure platform for the next generation of Internet of Things (IoT). CPChain’s purpose is to profoundly integrate Blockchain technology, encryption computation, and improved scalability through cloud storage, to facilitate IoT devices to interact with different data sets over cross-chain applications. CPChain will be the delivery vehicle for complete data acquisition, data sharing, storage, and application use in the IoT industry, supporting vendors and suppliers to monetize real-time data on the Blockchain.
The Importance Of CPChain To The Modern Society
Experts predict that the IoT will comprise of about 30 billion objects with a global market value of $7.1 trillion by 2020. These billions of united devices worldwide will be utilized in smart homes, medical care, manufacturing, pharmaceuticals, and transportation. Currently, the IoT design is based on a
centralized point of access that has major inefficient architectural issues, such as high deployment costs, isolability, low data utilization, privacy concerns, and data safety.
CPChain will resolve the “isolated data island” issue and allow the collection of big data for Artificial Intelligence (AI) decision making applications and increase the overall value extracted from data. CPChain will become the “trust” ecosystem that meets large-scale development needs of the IoT, helping reduce costs from connectivity of devices standpoint, linking the gap between asymmetric data and enhance user privacy and traffic data security.
CPC Token
The system will operate its own native token called CPC, which will distinguish digital economic activity on the platform. The value in this token is that activity on the network will use CPC as “gas” for transactions (data or an economic unit), in addition to holding CPC as a symbol of participating in CPChain governance.
