Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts. Smart contract is essentially a computer code that runs exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It can facilitate the exchange of money, content, property, shares, or anything of value. When running on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. Ethereum allows programmers to run complete-turing smart contracts that is capable of any customizations. Rather than giving a set of limited operations, Ethereum allows developers to have complete control over customization of their smart contract, giving developers the power to build unique and innovative applications. Ethereum being the first blockchain based smart contract platform, they have gained much popularity, resulting in new competitors fighting for market share. The competitors includes: Ethereum Classic which is the oldchain of Ethereum, Qtum, EOS, Neo, Icon, Tron and Cardano. Ethereum wallets are fairly simple to set up with multiple popular choices such as myetherwallet, metamask, and Trezor. Read here for more guide on using ethereum wallet: How to Use an Ethereum Wallet
Paytomat is a blockchain-based payment processing system created to help merchants, consumers and crypto core teams to find each other and create real life traction for cryptocurrencies as emerging method of everyday payments. Built as a decentralized autonomous organization and decentralized franchise, Paytomat features two unique loyalty programs based on the PTM coin, incentivizing merchants to accept payments in crypto, and PTX token, incentivizing end customers to pay with crypto. For the purposes of the token sale we will use token called PTI based on EOS blockchain. Paytomat is a set of blockchain software solutions, already used by more than several hundreds Merchants to accept crypto in cafes, restaurants, beauty salons etc. Our product integrates into existing point-of-sale systems or offers a standalone solution without the need to purchase additional hardware. We hedge the risks, increase speed and streamline payments in multiple cryptocurrencies. For the Сustomer, it’s as easy as scanning a QR code with our own or any other compatible crypto wallet, and pay in one of the 15+ cryptocurrencies currently supported by Paytomat. For the Merchant, the enrollment is free and is done either via their POS (updating the software) or installing the Merchant App provided by Paytomat. The in-house developed proprietary system is now being migrated to EOS and includes “Paytomat Core” in the form of an EOS smart contract and services responsible for keeping Merchant accounts and balances, Merchant interfaces (Merchant Web Panel, Merchant App, POS integrations and e-commerce plugins) and consumer apps (non-custodial cryptocurrency wallets).