Abstract
As the world rushes into the modern and technological space we need to cope with the changes and facilities, futures and gadgets comes with that. A digital evolution has happened years ago after blockchain technology has been introduced to the world as a replacement of the traditional data resourcing which can offer solutions to strengthen trust between supply chain actors and exterminate the obstacles of previous systems with the tree main criteria of this innovation which is:
- Safety
- Immutable records
- Decentralized
The security of every blockchain transactions is provided by cryptography. Each block contains a unique and essential private key that can be verified with a public key. If there is a change in transaction-related data, the block unique key becomes invalid.
Invention of bitcoin has made this technology an empirical substitution of the conventional financial management systems that made people inessential exchanging their assets through brokerages or banking system.
Currently, a simple digital wallet would perform the role of all the financial system in a uncomplex accessible, fast with the most economic efficiency which is equally approachable for people around the world.
Digital wallets are online payment tools, usually in the form of an app. The wallet securely stores virtual versions of debit and credit cards, so you don’t need to enter your card details or carry a physical card at all to make payments.
Bersipa Wallet is a decentralized wallet obtainable for all users regardless of their location that provides the access to all the centralized and decentralized exchanges and various DAAPs with the most efficiency and pace. The primitive aim of creating digital wallets were to store and protect the cryptocurrencies as an asset class which happened to make them back to the fiat money in some cases or would be impossible to gain more profit than the actual sum that meant to be in the wallet.
Digital Wallet Epoch
With the admissibility of the digital currencies some wallets have advanced their functionality to increase the productivity of their users and concept of Staking created to gain the rewards in as they lock part of their initial investments that they subjected to retain without deprivation or disruption of their ownership. Acceptance of the mentioned innovation has underlain to an evolution in creating decentralized exchanges that solved the difficulties regarding authentication convolution and providing the liquidity by making the multipurpose liquidity pools that enclosure to the inclusive usage of currencies respectively.
Each of mentioned technologies are commonly provide by an individual exchange or DEX, alongside of assemblage of applications as such Staking, connecting to various DEX and DAPPs and utilization of aggregator technology, Bersipa Wallet presents its multi-coin wallet in the promoted version to eliminate the previous complications with the most functionality and efficiency by the high-tech and trended innovative technologies such as tangle technology and mana protocol to define a new definition of investment and productivity alongside of fulfilling a higher expectations of a wallet.
Ecosystem
Bersipa String Theory is one of the most hyper technological global projects which can support both blockchain and tangle network equally. This hypothesis is the first cycle of the blockchain’s fourth generation which defines unending scalability.
Sipa Token
With the aim of valuing the investors and users of Bersipa Wallet, Sipa token has been created to power the program basin for users and investors who enterprises have to be appreciated. It is also the main token of Bersipa chain to reinforcement of the whole project, provide the facility and trusts altogether. More specific information regarding the Sipa token is available at:
Likewise the other competitors, Bersipa wallet has provided some basic services in order to fulfil users need in parallel providing unique services in the most user-friendly and uncomplex application environment, with unlimited access. Some services to be mentioned is:
- Staking
- Bersipa Browser
- DAPP Centre
- P2P Exchanges
- DEX Exchanges
- Dex Aggregator Feature
Bersipa Wallet and Tangle
Beside all the advantages of the blockchain, the disadvantages of this system such as problem in scalability and security weakness had been appeared while after being practically used by users and companies. Likewise of any other part of a digital world, blockchain has been replaced with the promoted versions to give more alternatives and applicability to the users.
Tangle
is a technology that is used for cryptocurrency transactions as the progressed form of Blockchain and opposite of the previous technologies, it is more scalable and fluid. The scalable data units of Tangle allow the technology to transfer training bits of data and process micro-transactions which leads to elimination of the high transaction fees of previous networks up to 100 percent.
Another issue solved in Bersipa Wallet using the angle technology is ‘’ Bitcoin dust’’ phenomena. Every wallet or exchange has the minimum amount of transaction for each currency, that means if the currency amount is less than the minimum transaction, it cannot be transferred and will remain in the wallet or the address. Bersipa Wallet has conquered this issue using Tangle technology to clear all the remaining and return them to the users.
The last generation of wallets were only supported blockchain technology that make them unable to provide high-tech projects and services in blockchain basin due to the floating nature of tangle technology. Yet, using the latest technologies, Bersipa Wallet designed to fulfil all the updated needs of its users with the privileges provided by tangle technology.
Bersipa Wallet and WEB3-World
The internet has passed different phases since it was born in floppy disk space in 1969. The quiddity of the first generation of the internet was compulsory centralized exclusively available and monitored by the governments. By introducing WEB2 technology the decentralized characteristics of the internet has started to shape as it started to be used more publicly, in this generation, identification of the users was proved to the system by using email addresses, also cloud storage has been created and used as a replacement of the hardware storages. WEB3 is the latest available internet for now beings, the domesticized, structural and fundamental online access of the internet which monitors the least comperes to the previous versions that has been created using POR, POS, PBFT, FIL, AR, and Storage programming language.
Blockchain system challenges
Digital assets offer a whole world of opportunities: unlimited, quick and easy transactions, innovative financial services, and inclusive access to previously unbanked potential customers. All are made possible by the crypto ecosystem. But although the whole idea was made to be decentralized, it hasn’t accrued by it means. Hence, it still has long way to conquer the obstacles front to became a principal shareholder of the financial system. The first obstacle to mention:
- Cyber security
- Structural complexity
- Decriminalization
- Disclaimer
This whitepaper does not constitute a prospectus or an invite to invest for the purposes of the Prospectus Regulation or any other document of any sort from Bersipa Institute of technology, and it is not Intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction. The aim of this whitepaper is to provide prospective contributors with the information on the Bersipa Wallet project to allow the prospective purchasers or contributors to make their own decision as to whether or not it desires to go ahead to use Bersipa Wallet services. This whitepaper does not constitute an offer or invitation, or any other sale or purchase of shares, securities, or any of the asset class. Any possession of Bersipa shall not grant any rights in any form to the holder, including but not limited to any rights of ownership (unless where it is expressly stated), Interest, profit, redemption, property or intellectual property, decision making, or any other such rights, such as any rights of financial or legal nature, in any of Bersipa Institute of Technology, products or services or its affiliates. You need to have a basic level of understanding of the operation, functionality, use, storage, transmission mechanisms and other physical features of crypto-currencies, blockchain-based software systems, crypto-currency wallets or other related token storage mechanisms. related mechanisms, blockchain technology and smart contract technology Bersipa team not be liable for any damages of any kind, including but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, loss of revenue or third-party loss whether foreseeable or otherwise, trading losses or damages that result from use or loss) in addition, the lack of service due to the global or regional preventions which is not related to the Bersipa team or its associations No representation, warranty, assurance, or undertaking is made as to the consistency in the accuracy of information after the above date. The information contained in this whitepaper is subject to modification, supplementation, and amendment at any time and from time to time. It is the responsibility of prospective users of Bersipa Wallet to undertake their own research and due diligence. Prospective contributors to Bersipa Wallet generation events are responsible for ensuring that all aspects of this whitepaper and its terms are acceptable to them to the maximum extent allowed by laws, regulations, and rules. Any forward-looking statements in this whitepaper reflect Bersipa’s current views concerning future events and are subject to these and other risks, uncertainties, and assumptions relating to Bersipa’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of this whitepaper.
Tokenomic
The word Tokenomi stands for two words: Token and Economics and it describes the economic decisions that been made for destitution of a foundation investigations. By this mean the Bersipa Wallet tokenomics has made for strengthening the ecosystem infrastructure and powering the user community and related services and will be allocated as below:
The total primary supply of Bersipa wallet Token is 210,000,000 Sipa tokens that is minted to advance the initial goals and programs.
- 5% from the total number of tokens will be burned during a specific schedule after proceeding their supply cycle from Q1, 2023 until Q4, 2033.
- 8% of the overall supply of tokens will be devoted to the developer team and programmers in gratitude of their cooperation
- 8% of the total amount is considered as foundation contribution
- 10% of the tokens will be locked as patronage to avoid the inflation
- 15% of tokens will be dedicated to the pool supply
- 16% of tokens are considered for competitions, airdrops, network development, in-chain cooperation and shareholders parts.
- 38% of the tokens is considered as staking rewards. The staking programs will be continued for three years.
Also it needs to mentioned that the specific allocated percentages are being hold in a wallet address, for this reason, possibilities are that pool supplies and stake rewards are being hold in a one place and if the pool supply does not employ, it may use as stake reward.
REFERENCE : https://bersipa.io/bersipa-wallet/
REFERENCE : https://github.com/bersipa/bersipa-wallet
