What is Smart Currency and how is it different from Cryptocurrency?
This is a currency that has tangible value and works on artificial intelligence (xAI) and blockchain. It is safe. It is fluctuation resistant. Its value is supported by assets and is based on intelligent technologies.
Cento is backed by a basket of eight different precious metal commodities and its value is bolstered via the proprietary, xAI influence. Cento can accumulate in value since the assets pledged against the coin have their own intrinsic value.
As an asset-backed currency, Cento enjoys price stability, positioning it as a good store-of-value and favorable for commercial and day-to-day transactions
Cento is semi-decentralized and digital, making it accessible anywhere at any time. That makes it ideal for cross-border payments or transactions that require multiple conversions of currency
By leveraging custom-built Blockchain technology and artificial intelligence, Cento limits human interference in the system. Transactions are executed in a clear-cut fashion and records are stored in an immutable and chronological manner to build trust and foster wider acceptance.
Inflation and the decline in the value of fiat currencies have led to the creation of cryptocurrencies, but they also have many disadvantages.
Illiquidity and value volatility are inherent to cryptocurrency, which makes them largely unappealing on a mainstream scale. It is viewed as purely speculative by most financial professionals, causing most people to steer away from using it on a regular basis.
The problem with cryptocurrencies is that it is very easy to deceive people. Fraudsters spend a minimal amount of time creating a fork of the Ethereum or tokens of other blockchain projects and sell it to people. Very quickly, such cryptocurrencies die, and other scam projects appear in their place.
Cento is the first currency that meets all the requirements and standards of a Smart Currency. Cento is stable, semi-decentralized and digital, transparent to Cento holders and immune to inflation.
Such currencies have flaws, the first of which is that they are cryptocurrencies. Others, are not suitable for everyday use. Another disadvantage is that they are tied to one or more precious metals and are much more dependent on the market price of these metals. What will happen to a cryptocurrency that is backed by gold if the price of gold falls?