{"id":3492,"date":"2022-03-05T19:04:04","date_gmt":"2022-03-05T19:04:04","guid":{"rendered":"http:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/midasprotocolwhitepaper\/"},"modified":"2022-03-05T19:04:04","modified_gmt":"2022-03-05T19:04:04","slug":"midasprotocolwhitepaper","status":"publish","type":"post","link":"https:\/\/smart.onlinesarafi.com\/index.php\/2022\/03\/05\/midasprotocolwhitepaper\/","title":{"rendered":"MidasProtocol\tWhitepaper"},"content":{"rendered":"
\n

Since the birth of Bitcoin, distributed ledger technology is on the tip of everyone\u2019s tongue,
from executives to technologists. It has created a completely new class of asset. Follow the
interest in the new technology, the need for trading the new asset has grown up
phenomenally. Global volume in cryptocurrency markets had passed $50 billion, close to the
average turnover on New York Stock Exchange.<\/p>\n

In the first quarter of 2018, Binance<\/a> surpassed Deutsche Bank \u2013 Germany\u2019s largest and one
of Europe\u2019s biggest banks, in profitability. Binance, a cryptocurrency startup that was
non-existent merely 8 months ago beat out a leading bank that has been established for 148
years. A startup with 200 employees beats out a banking giant with 100,000 employees.
In the 9 months before the January 2018 theft, which was the biggest ever recorded
exchange hack, Japan-based crypto exchange Coincheck made a profit of $500 million while
Japan Exchange Group, which owns the Tokyo Stock Exchange and Osaka Exchange, earned
$600 million for all of 2017.<\/p>\n

Coinbase exceeded $1B in revenue in 2017. Global trade volume (24h period) in
cryptocurrency markets recently surpassed $50 billion. Global adoption of cryptocurrency is
still less than 1%. These numbers show great potential for growth, especially in crypto
trading and investment.<\/p>\n

In this chaos yet undoubtedly phenomenal era of crypto world, investors and even
experienced crypto traders are faced with security risks, lost in an ocean of news and often
confused by the complexity, fragmentation and general lack of quality of cryptocurrency
investment & management options. Crypto investment opportunities are therefore usually
limited to sophisticated investors or high net worth individuals. The process of managing
wallets, securing private keys and working with crypto-exchanges is still the major barrier to
most inexperienced investors. That is a total contrary to blockchain\u2019s decentralization ideals.
Midas Protocol recognized these many pressing issues with cryptocurrency investment
today, and is offering a complete solution. We aim to be the smartest universal wallet for all
essential crypto needs, from safekeeping, intelligent trading, portfolio management, easy
conversion to fiat and spending of cryptocurrencies. Ultimately Midas Protocol aims to
empower everyone to create an investment portfolio for a personally customized basket of
crypto-assets.<\/p>\n

Midas Protocol is essentially an intelligent platform created for crypto-traders, from newbies
to experts.
\u25cf An encrypted, instant-on\/always-up-to-date wallet that store various types of
cryptocurrencies.
\u25cf An intelligent platform for analysis and trading directly from Midas wallet, with
highest privacy and security standard. Transactions are signed locally, meaning
private keys are never sent outside. Users do not have to trust any external party,
including Midas, with their money.
\u25cf Offer traders\u2019 leaderboard to follow\/copy trade. Users can get rewards with high
performance ROI portfolio, or simply subscribe, follow, copy trade strategies from top
investors\/traders.
\u25cf Spend cryptocurrencies on any E-commerce platform that accept crypto payment
directly from Midas wallet.
\u25cf Provide AI \u2013 assisted curated news and market alert
We aim to be the smartest universal wallet for all essential crypto needs, from safekeeping,
intelligent trading, portfolio management, easy conversion to fiat and spending of
cryptocurrencies. Ultimately Midas Protocol aims to empower everyone to create an
investment portfolio for a personally customized basket of crypto-assets.
The rest of this whitepaper will describe the platform structure, advantages and technical
advancements of Midas Protocol. We will outline the design and architecture, with a
high-level overview of the platform including the backend, frontend, solution and blockchain
technologies used. This whitepaper should give the reader a better overview of how Midas
Protocol will solve current problems of the cryptocurrencies markets and how it will be
designed.<\/p>\n

MidasProtocol Website <\/a>
 MidasProtocol Whitepaper <\/a><\/p>\n

Social<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Since the birth of Bitcoin, distributed ledger technology is on the tip of everyone\u2019s tongue,from executives to technologists. It has created a completely new class of asset. Follow theinterest in the new technology, the need for trading the new asset has grown upphenomenally. Global volume in cryptocurrency markets had passed $50 billion, close to theaverage […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3492","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/comments?post=3492"}],"version-history":[{"count":1,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3492\/revisions"}],"predecessor-version":[{"id":3493,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/posts\/3492\/revisions\/3493"}],"wp:attachment":[{"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/media?parent=3492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/categories?post=3492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smart.onlinesarafi.com\/index.php\/wp-json\/wp\/v2\/tags?post=3492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}