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BRAVO: Establishing an Anonymous Payment Gateway

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You are welcome to yet another amazing edition of my article review. Just like you all know, I do my research and write about projects I find lucrative and full of potentials. Today, I will be giving out a brief overview of a project known as BRAVO.
It might sound trite, but our world is constantly changing, and technology has gained more influence in every aspect of our life.
The blockchain and cryptocurrency are seen as the rival of the traditional banking industry. The blockchain was established to enhance the already existing banking industry by eliminating the errors and limitation that is display by the traditional banking system.
Some of the shortcomings plaguing the traditional banking system were its ill security measures and transaction errors. The blockchain though with its unique features and capabilities failed to harness the financial system by providing a private, accessible, and secure channel for a transaction. Some of these errors
will be discussed below.

Problems

• Unfriendly user interface: Apart from the overall complexities in utilizing cryptocurrencies, the user interface of existing crypto payment resolution isn't user-friendly owing to their use of private keys.
• Cryptocurrency complexity: one among the benefits that the normal banking industry has over the blockchain industry is it's easy to use, and these complexities with utilizing the blockchain and cryptocurrencies and this make it difficult for the mainstream users to adopt.
•provision of banking systems: just with a quick glance, one would easily notice our world has gone past the days of analogy to this present era of digital innovations but surprisingly, there are areas in the ecosystem of the world where these innovations have not taken an effective settlement. Not everyone has access to the banking system. that merely means that all varieties of money transactions are done with fiat currency.

Bravo overview

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The team behind the establishment of BRAVO has the vision to establish a next-generation mainstream anonymous payment channel for our day to day usage. BRAVO was originally designed for payment of gratuities to artists and service providers with the employment of government-backed currency such as euro, dollar etc. bravo aims to utilize the blockchain to establish an easily accessible payment gateway to the ecosystem of the world.

Project strategy

just like I said earlier, BRAVO will be utilizing a dual blockchain technology. The blockchain will consist of a public and private blockchain which will be working hand in hand with each other.
The public blockchain will base on a federated byzantine consensus algorithm while on the other hand, the private blockchain(incognito blockchain) will be utilizing an anonymizing proof-of-stake algorithm.
This method will give users the room to choose either to make their transaction private which will imply that there will be no history or identity on the transaction or choose to make it public where the transaction is seen by all and can also be traced.

BVO Token

The platform will be run by a generally accepted Token which will be known as BVO Token. This Token can be utilized to send, receive and save fund. BVO token will be made available on a public exchange.
However, incognito blockchain will also possess its own won token known as BVO-P. this token will only be utilized in facilitating a private transaction. Just like the BVO token, BVO-P will also be made available on exchanges and will be used for transferring fund.
NOTE: BVO=P token is not an asset
The platform can have a typically accepted token referred to as BVO Token which might be wont to send, receive and save funds and can be created accessible on public exchanges, however the concealed blockchain can have its won token referred to as BVO-P and can solely be employed in facilitating non-public dealings, and additionally this token won't be created accessible on exchanges and can solely be used for funds transfer and not a sort of quality.

CONCLUSION

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The bravo team has worked tirelessly to enhance the payment of goods and services. They are creating a channel for users and vendors and at the same time, laying an unmatched security and privacy measure for its user. I have every assurance that this project is going to turn out to be a win-win for everyone. I hereby, urge everyone to be a part of this amazing innovative movement.

important links

Whitepaper: https://bvo.trybravo.com/BRAVO_Whitepaper_V1.pdf
Website: http://bvo.trybravo.com
Username: agunwa2337
profile link: https://bitcointalk.org/index.php?action=profile;u=2355933

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