GBIH develops blockchain platform YANT for P2P trading

(source: Unsplash/Thought Catalog)

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GBIH Ltd developed its YANT blockchain project into a blockchain-based peer-to-peer (P2P) cryptocurrency trading system en route to what the company tags as “complete decentralisation” aiming to solve “the instability caused by depending on exchanges”, according to a press statement published in late-January.

The YANT trading platform comprises of a custom-built blockchain and the electric wallet. The blockchain promises to offer high processing speed and stability along the lines of strong security, with a particular focus on P2P transactions. The wallet is said to store many types of cryptocurrencies — including but not limited to bitcoin and ether — and to allow transfers in real time.

The platform boasts of uncomplicated transaction registration procedures and restriction-free transaction area, according to the press release. YANT promises to transact cryptocurrencies on the platform without required escrow conditions.

“The YANT P2P transaction system, which stores the transaction ledger in the blockchain, faithfully reflects the meaning and philosophy of the blockchain and the cryptocurrency that was created with the goal of decentralization, and they expect this to be the next generation platform to lead the field of cryptocurrency distribution, GBIH says in the press statement.

The commercial version of the YANT transaction system is expected to be released in the first quarter of the year.