Digital Payment

DEMON Chain's system recognizes the inherent value of cryptographic digital assets, which can function as a general equivalent for user payment circulation. DEMON token is the exclusive utility token on DEMON Chain and is naturally utilized for payment transactions.

To enhance the speed and reliability of transactions, DEMON Chain has constructed a VPN subnet based on the existing DEMON Wallet. This framework enables lightning payment transfers with second-level confirmations, ensuring that real-time transactions are not affected by blockchain performance.

The technical design highlights include:

· Customization of the mobile client, which executes SHA512-ZERO encrypted flags for blockchain transfers for DEMON users.

· Deployment of enterprise-level blockchain nodes that can monitor DEMON users' blockchain activities round the clock, performing legitimacy checks, traffic analysis, and more. These nodes provide balance change analysis to server users and report to the DEMON server.

· The DEMON server, which receives the analysis results from the enterprise-level blockchain nodes. When a user initiates a transaction request, the server can already verify in real time whether the user has indeed requested a blockchain transfer. This process is aimed at preventing malicious double-spending attempts.

In a collaborative move, DEMON Labs partnered with digital payment platform PlasmaPay to work on interoperability, fiat on/off-ramps, and wallet infrastructure. This partnership integrates PlasmaPay's Plasma Chain with the DEMON Chain network, aiming to offer a seamless and cost-effective user experience in relation to fiat on/off-ramps and wallet solutions.

DEMON Labs also partnered with AMLSafe to develop the first non-custodial crypto wallet integrated with Anti-Money Laundering (AML) functionality and artificial intelligence to support Know Your Customer (KYC) compliance. This feature allows businesses to automatically meet AML and KYC requirements for transactions conducted on the DEMON Chain network without needing to store funds in a centralized solution or exchange.

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