Proton (XPR), in addition to consumer applications, is a public blockchain and smart contract platform. Proton intends to accomplish this by providing a secure, verified identity account with a financial settlements layer that allows users to connect their identity to fiat accounts, withdraw money, purchase cryptocurrency, and use it seamlessly in applications.
To accomplish this, Proton builds a permission-less layer on top of card networks and banks. It enables institutions to authenticate the user by verifying with trustworthy institutions using public keys. Without disclosing private keys, trusted institution verification confirms user identification. USDC, PAX, and TUSD are all accepted. Developers can easily integrate their currencies.
Proton accepts multiple identity provider attestations for both individuals (KYC) and businesses (KYB) (KYB). To query these identity providers, a user’s permission is required. Chain governance, resource allocation, and long-term staking incentives are the three functions of the Proton Token.
Payment by Wallet
Proton processes over 40 million transactions per day. It has the capacity to handle more traffic than all existing blockchain applications combined. Apps communicate with the blockchain by sending in-wallet payment requests. As a result, no additional Chrome plugins, Dapp-stores, or other devices are required.
Proton wallet 2.0, a faster and more powerful app built from the ground up to improve the Proton ecosystem, will be released soon. It just burned 1.24 million $XPR, adding to the deflationary pressure on the Proton blockchain. This token burn will permanently destroy the Proton pathway, which will benefit all Proton holders.
Proton’s current price is $0.035181 USD, with a 24-hour trading volume of $52,832,133 USD, according to CoinMarketCap. Proton has increased by more than 60% in the last week.