Here is everything that you will need to know about Aphelion, an all new blockchain service. One aim of Aphelion is to resolve a lot of the issues that are faced by many hugely popular cryptocurrency exchanges and trading platforms. It uses distributed ledger technology (DLT) and employs and open source, peer-to-peer, decentralised asset distribution application protocol that has been on the NEO blockchain.
It also makes use of a tokenised transaction framework, called DEAL. DEAL transactions are facilitated via smart contracts. The Aphelion token is a Liquidity Verification Device, which helps directly power transactions between users instantly, securely and in a free manner.
Aphelion provides its users with a wallet-based peer-to-peer trading experience, which has the ability to connect with crypto traders across the whole world. There are a number of advantages to it being based entirely on the NEO blockchain as opposed to others, including; functional efficiency, security, compatibility and scalability. On top of this, Aphelion allows its users to trade in a totally decentralised and trustless environment, as well as eliminating any third party interferences. This brings with it more benefits, like little or no network fees, no delays in transactions, and minimal frozen assets, locked trades and hijacked tokens.
So, how does Aphelion work? Native tokens are the platforms escrow device, that stores the smart contract. Every transaction requires a small amount of APH to compensate for the network fuel expenditure. NEO is the perfect platform for Aphelion because it supports the faster development and deployment of smart contracts because it can assist the developers in the construction of DApps.
The token has only been on the market for just over a week, but the price has remained fairly stable. At the beginning of the month, it was trading at $0.267, and just five days on, hit its high of $0.77. The value of the token has since stabilised and is hovering around $0.324.
Experts are predicting that Aphelion is likely to gain a lot of traction and become widely adopted over the next few months.