DeFi is currently the hottest topic in the cryptocurrency industry; everyone is eager to jump on the hype train. The idea behind DeFi is simple; decentralized finance simply refers to any financial service that is open to everyone and eliminates the need to rely or trust on a central authority. There are now hundreds of DeFi projects, and the industry is just starting out.
Ammbr is a blockchain-based wireless mesh network technology that aims to provide Internet access opportunities for underserved communities and thus enable anyone to enter the DeFi market.
While it might seem that virtually everyone has access to the Internet in some way or another, the reality is that around 3.8 billion people do not. According to most reports, this number is still a fact even in 2020, although most present in developing countries, this is a massive issue for the cryptocurrency industry.
Many of these developing countries, especially in Africa and South Asia, have an increasing interest in the blockchain industry and the DeFi market. Internet access is crucial to connect with the world and participate in a myriad of services like trading, exchanging, buying or selling, and more.
Many private companies and governments have been trying to solve this crucial Internet access puzzle through various methods. Unfortunately, most of them have run into different problems like the ‘Last Mile Problem’, which describes the last leg of a route. The idea behind this issue is that while you could perhaps provide more people with access to the Internet, they would run into massive latency issues causing poor application performance or trouble accessing real-time services.
Ammbr is built on blockchain technology and has created a decentralized and autonomous marketplace for Internet connectivity. The Ammbr network distributes Internet Bandwidth using Mesh Networking technology. The basic idea behind a mesh net is that it connects directly and dynamically to as many other nodes as possible. These nodes cooperate with each other to efficiently route data to clients.
Customers can sell their Internet access by merely purchasing an Ammbr router and linking it to their internet connection. Other buyers will pay sellers using AMR tokens, the native token of Ammbr. The router has already passed its development and production phase and offers several advantages over other routers.
The FCC label is a certification mark for electronic products created or sold in the United States, which certifies that ‘the electromagnetic interference from the device is under limits approved by the Federal Communications Commission.’
The FCC mark is a high-quality standard that reassures customers that what they receive will function properly and optimally. Ammbr received the FCC approval a while back and owns the certificate that proves it.
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