SIDERA - Decentralized Wearable Devices

Since cryptocurrencies have appeared on the horizon, a rare person doesn’t try to buy or trade them. While Bitcoin is still staying in the top of popularity, other coins are also rising in demand, but there’s one problem: users have nothing to do with the digital money they get.
Indeed, what you can buy for a cryptocurrency? Only another cryptocurrency. That’s it. There is a huge gap between the real financial world, and the digital one – crypto has no value in brick-and-mortar shops. How can this be changed? Sidera project offers a simple and genius solution.
Before we plow forward to discover its features, let’s highlight two main problems of cryptocurrency in the real world.

What hinders cryptocurrency implementation?

Although we witness a meteoric rise of demand for cryptocurrency in the digital community (there are already about 500 mln people involved in crypto trading), there are still two factors slowing down its integration into real life:

It’s too complicated for an average user. If you’re far from being tech-savvy, managing private and public keys and understanding the technology will be too challenging. Most people don’t try to “mess up” with such a thing as cryptocurrency simply because they don’t understand how it works.
It is not relevant due to the above-mentioned reason. Businesses do not add Bitcoin payment options because they are not aware of its value and safety. Besides, cryptocurrencies are viewed as a bubble that can explode at any moment and leave us with nothing.

Key Idea of Sidera

Sidera makes it possible to use cryptocurrencies in retail with the help of the proprietary smartwatch and a smart band. The system will be also based on a mobile app and the terminals, some of which are already up and running. With its help, users will be able to make offline transactions and transfers by simply applying their smartwatch.
Salient features of the project include:

Storage of crypto assets in a hardware wallet in the form of a wearable device. At the moment, ERC-20 coins and Bitcoin are supported.
Wrist-to-wrist transactions and interaction via the devices.
Combination of price and trading alerts, smartphone notifications (like news, weather, etc), QR generation, and many other options.
Multi-layer protection of assets – even if a person loses watches and the private key, the currency will stay safe and secure.

The fact that Sidera application is based on blockchain makes up for unbeatable security, high transaction speed, and flexibility.

Security is First

What makes Sidera users trust the system? The platform leverages a broad range of security options.

Ghost Mode. It hides all crypto-connected features and makes the device look like a simple smartwatch. That allows the user to prevent unauthorized access.
Military grade encryption according to AES-2048 standard.
The connection of smartphone and watches. No one can manage your operations without your smartphone – unauthorized devices will be ignored.
Only BitSmart stores the private key, so no one can get access to it except you.

How Is It Being Implemented?

Project creators are tight-lipped about making it globally spread, and started conquering the market in Europe. Sidera terminals are being installed in different regions. Besides, the project provides free hardware for retail stores to accelerate the introduction of technology.
In 3 years, the team plans to increase the number of devices from 50k to 200 k, and reach 100 mln users. Although the platform started its expansion with Europe, Sidera targets South East and China markets where there are over 700 mln Internet users.
Considering the fact that smartwatches with a rich set of functions are gaining popularity, SmartBit can become a new hit about cryptocurrency users. It combines the whole gamut of features, including: