Faster and more secure payments -
Powerchain has been created out of the need for greater personal data security in the sharing economy, where users are expected to share information, such as their address and location. The impetus behind it has also been prompted by the increase of data breaches and concern as more attacks occur on digital platforms.
Powerchain-rsquo;s technology aims to make payments more secure and faster by moving them onto cryptocurrency blockchains on what is described as its -lsquo;Acyclic Graph algorithm supported cryptocurrency gateway-rsquo;. The DAG structure is used in data processing and scheduling issues such as navigation and data compression. According to Powerchain-rsquo;s whitepaper, the -ldquo;blockless nature of the systems means transactions run directly into the DAG networks-rdquo;, this makes the process faster than blockchains that utilize PoW and PoS.