Sidera

SIDERA – THE DECENTRALISED WEARABLE DEVICE THAT GUARANTEES THE FULL POTENTIAL OF BITCOIN

The whole philosophy imagined by Satoshi Nakamoto is far from being realized today. Bitcoin’s promise was to circumvent the centralized economic system and facilitate peer-to-peer exchange of value using cryptocurrency. Sadly, this is anything but realised. Bitcoin is yet to gain mainstream adoption and rightly so. To the average man on the street, digital currency is a complex invention. The average cryptocurrency user is often at a loss when it comes to managing private and public keys. The whole theory of blockchain and its immutability is confusing to an average digital currency user. The truth is the number of Bitcoin transaction has plunged vis-à-vis its astronomical rise in 2017.

Arguably, Bitcoin’s current value seems to be purely psychological, and all the hype appears to be driven by speculation. I say so because until the common man in the street buys a loaf of bread, or a bag of beans, or a crate of drink, using Bitcoin, the whole point and philosophy imagined by Satoshi Nakamoto is defeated. As it stands, we can say that the only thing one can buy with cryptocurrency is other cryptocurrencies – and this shouldn’t be the case. This reminds me of the dot com and the housing bubbles, which eventually did burst.

Granted, Bitcoin has an estimated 11.5 million users (or below) which accounts for an average of 8.7 million wallets globally. Sadly, the global Bitcoin wallet ownership figures is not even up to 2% of the population of South East Asia!

Now hear the bitter truth: until the global users of Bitcoin steadily rise and hit one billion and beyond, Bitcoin is most likely to go down history as a great technological invention that popularized blockchain yet failed due to its design limitations. The big question is: how, then, can the global users of Bitcoin rise to one billion – and beyond?

The answer is Sidera! And how will Sidera achieve this? By simply removing the complexities and making Bitcoin relevant to end users!

Sidera – using wearable technology to remove Bitcoin-related complexities and

make it relevant to end users

Sidera is launching a platform for consumerizing cryptocurrencies by enabling their use in retail Point of Sale (POS) through a smartwatch and a contactless smartband. It includes a mobile app and point-of-sale terminals that are currently being deployed. These components will be readily available through open source and specifications.

Sidera is creating SmartBit Smartwatch, which enables people to send, receive and manage Bitcoins (and other digital currencies) from their wrist. The smartwatch is wired to display notifications, just like every other smartwatch in the world. You can even save the public address of someone in the address book and whenever you need to send funds to the contact all you need to do is select it. As simple as ABC! The smartwatch enables Blockchain synchronization. Its capacitive touch screen lets you to input any number using your finger.

There is another breathtaking feature of the SmartBit Smartwatch: the proximity sending/receiving feature. This feature enables Bluetooth/Wifi wrist-to-wrist connection with other SmartBit devices within a given range. This means if you have the device and you are within range of someone who has it too, you too can send and receive cryptocurrencies offchain in a secure decentralized way – even without the companion app!

SmartBit Smartwatch Security – watertight and second to none

To guarantee the highest security, a user’s private key is stored securely in the device’s sandbox, a safe partition that is fully encrypted in military-grade AES-2048, which makes the key completely out of reach of anyone else. And the Smartwatch cannot be paired with any other device that is not authorized by the owner. This makes it absolutely impossible for an impostor to manage its operations

There is also the unique identifier feature which guarantees further security. With this feature, the device identifies its rightful owner by means of an encrypted identifier generated from the owner’s arm movements, skin perspiration, finger print, face recognition, and many other elements consistent and distinctive for each person. Since someone else cannot produce your exact body elements, it means it is impossible for anyone else to gain access to the hardware wallet. How does the device collect these unique body elements? It collects them by means of a sensor installed under the Smartwatch, a censor which collects and decodes these body sensors.

Now hear the icing on the cake: for ultra-enhanced security, there is an extraordinary measure taken to guarantee topnotch security. It is called Ghost Mode. With this mode, you can completely conceal the hardware wallet and all crypto-related functions from your smartwatch. Once this mode is activated, the device becomes just a smartwatch for time, weather etc notifications. No one else can tell if the device also stores crytocurrency. And since no one else has access to this special layer, your digital currency is protected from prying eyes. There are many other breathtaking security features that are embedded into this device. Please feel free to read their whitepaper and you will be left in awe.

With the device, you can read/save news form blogs and websites, you can convert currencies real time, you can download/listen to music, you can receive price notifications, etc.

CONTINUUM – Sidera’s revolutionary exchange

CONTINUUM is Sidera’s revolutionary exchange that is fully decentralized and wearable. This is the first and only physical Decentralised Wearable Exchange in the world. Finally, people can have real time exchange on their wrists, on the go, and they can trade their preferred digital currencies by just tapping on a button.

Indeed, this is the revolution that will usher in a new era in the use of Bitcoin and other cryptocurrecies! With this disruptive wearable device, the world can experience for the first time a simpler way to send and receive crypto, a more convenient way of doing mobile payments – all these with the simplicity of a unique smartwatch! This revolution is designed to generate 100 million users in 3 years and a billion users to active in five years or so. A revolution that any digital currency lover cannot but be part of! 

The bounty ends on September 30th. Investing in this project is truly worthwhile. The team behind the project is high-powered. It is not a team of faceless people. The founder, Camillo Piscitelli, graduated from University of Rome where he studied Chinese and Korean. After his graduation, he won a coveted scholarship for one year of Chinese specialization, at Perkin University, the most prestigious university in China and the 2nd top university in Asia. He is a member of Mensa (The High IQ) Society), a Board Member of Rotaract Club, a partner of Rotary International.

The financial Advisor, Darrell Emmanuel, is someone with impeccable and electrifying track record of successive achievements. He has worked in RBC Royal Bank, Global Maxfin and Freedom 55, and many more high-profile brands. He was once the Secretary at the Trinidad and Tobago Cultural Society of British Columbia for three years.

With people like Camilo and Darrel, and more like them, on the steering wheel of this project, you have every confidence to get on board! Invest in Sidera and be rewarded with the privilege of ‘wearing the world’ in your wrist!

For further information please visit:

Website: https://sidera.io/

Whitepaper: https://sidera.io/docs/v1.0/Sidera_Whitepaper.pdf

Telegram: https://t.me/sideraofficial

Linkedin: www.linkedin.com/company/sidera-blockchain-technologies

Twitter: https://twitter.com/siderabc

Facebook: https:www.facebook.com/siderablockchain/

Reddit: https://www.reddit.com/user/SideraBlockchain?st=JIRSDIAI&sh=dd548a8

Written by Othuke O

My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2157491;sa

Bitcointalk username: Othuke

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