Why ChainlessUSA

In Association With Chainless.hk  

The Chainless Financial Platform (CFP) is an innovative crypto solution that transcends the traditional limitations of blockchain systems. CFP integrates the best practices of Web2 with advanced Web3 best practices. This creates a transparent, efficient and effective cryptocurrency ecosystem. With its unique approach, CFP is revolutionizing the crypto landscape by resolving key issues and concerns such as transparency, scalability and security which ultimately is aligned with KYT (Know Your Transaction) regulations.  

Core Concepts  

CFP initially developed its protocols based on the concept of Web3+, which redefines Web3 as “click, push and own”. CFP also introduces groundbreaking concepts such as transparent centralization, PoP (Proof of People), reconciliation verification, indexed ledgers, inheritance and community governance to ensure data integrity, security, usability and scalability.  

Key Features  

CFP is packed with features designed to enhance security, user friendliness, overall efficiency and effectiveness where others fall short. Here are some of the standout features:  

1. DW20  

DW20 is the first standard currency issued in human history with a market-based mechanism to regulate the total amount of DW20 in circulation in real time. DW20 is a cryptocurrency issued on CFP and is based on the BRC20 protocol. There are three stages of development: consensus building, stable coin and standard currency. Once DW20 becomes a stable coin with a value comparable to the US dollar, additional DW20s can be issued or withdrawn through the staking or de-staking of Bitcoins. Due to all fiat currencies being inflationary and all other cryptocurrencies, including Bitcoin, being deflationary, DW20 will eventually become a decentralized, standard and stable currency with its purchasing power pegged to the aggregate value of the worldwide economy with a market mechanism. Thus DW20 will fulfill both Hayek’s theory of denationalized money and Friedman’s unrealized aspiration of designing a new currency with small and incremental growth, as well as fulfilling America’s True Desire For Financial Freedom Around The World for individuals while also allowing Adam Smith’s true desires of bringing peace to the world by way of independent global trade which is regulated by governments instead of being controlled by global governments who collude to maintain dominance instead of financial freedoms. These were the initial thoughts of those who were the initiators in scaling Bitcoin.   

2. Multi-Signature and Multi-Backup Wallet  

The Chainless Web3 Wallet (CWW) offers enhanced security through multi-signature wallets, which require multiple approvals for transactions, reducing the risk of unauthorized access. Additionally, multi-backup wallets ensure that users' assets are protected even in the event of device loss or failure. Furthermore, CWW is friendly to non-tech users by allowing access with password and answers to security questions, without the need to remember complicated private keys/seed phrases. Another unique feature of the CWW is that inheritance by one or more heir(s) can be arranged in advance and executed automatically upon death of the owner, thus avoiding losses of assets common in the crypto sector.  

3. Mini-Program Platform for DApps  

CFP hosts a wide array of decentralized applications (DApps) through CFP’s mini-program platform such as exchange, payment, airdrop and other apps. This feature allows developers to create and deploy DApps seamlessly, fostering innovation, expanding the platform's functionality and enhancing the development of the CFP ecosystem.  

4. SimiTalk Community Platform  

CFP fosters crypto user engagement and collaboration through CFP’s SimiTalk community app. The SimiTalk app includes both private and public domains, enabling users to connect, publish, share ideas and seek support from the community, thus creating a vibrant and dynamic ecosystem for new crypto projects to be launched in CFP’s ecosystem. The SimiTalk app also allows users to decide their own level of information disclosure and does not store user data for private chats.  

5. Transparent Ledger System  

CFP’s Transparent Ledger System (TLS) feature ensures that all transactions and data entries are visible and verifiable by users. This promotes transparency and trust within the system. CFP logs transaction records by calculating hash values and uploading them to Bitcoin’s segregated witness sector. Anyone can download these logs and verify hash values. CFP solves the impossible triangle of the blockchain by leveraging Bitcoin’s credibility while inheriting Bitcoin’s openness and machine trust with utilization of an efficient centralized system.   

6. CFP Website – Chainless.HK  

CFP’s website hosts over 800,000 words of theoretical articles about the crypto sector, systematically summarizing 15 years of crypto practice. It outlines basic cryptocurrency concepts. CFP suggests peer-to-peer cash systems are bubble-free financial systems and identifies proper regulatory implementation.  CFP’s website also discusses the relationship between companies and communities and even determines who Satoshi Nakamoto is.  

ChainlessUSA agrees CFP defines WEB3 accurately and has enjoyed our involvement in discussions and further development with CFP and welcomes more collaboration.