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Businesses in Africa have long been starved of a true online payment option which is seamless, economical, fast, reliable and truly secure for both merchants and consumers.
This has led to the mismanagement and the eventual shutdown of many businesses all over Africa. Many of the existing payment options available to Africans are centralized which makes them very vulnerable to malicious attacks which could compromise their servers and result to the jeopardizing of merchant transaction records which is paramount for decision making.
Axe has constructively analyzed and evaluated the failures of existing payment options and has innovatively designed a payment system with a comforting user-experience that doesn’t just secure user transactions on real-time but also strategically places each transaction within its block explorer for easy retrieval.
Axe is a decentralized hybrid PoW/PoSe system developed by a participant in the development of Dash, it uses virtually identical codes as Dash and is known for its speed, low transaction fee, and top-notch privacy; yet removing several centralized control mechanism of Dash, making it a more decentralized and community-centred eco-system and hence safer.
Axe utilizes the x11 algorithm to ensure transactions within its blockchain is not just highly secured, but also reliable and fast. It is essentially a payment system with a virtual ledger capable of recording and verifying high volumes of digital transactions that can always be referenced and used for various levels of decision making.
It was designed with the core values and interests of users at heart as it provides a powerful decentralized governance system with various degrees of blockchain investments such as its masternodes system which rewards users beautifully for storing Axe.