YOCOIN - Full Platform For Guaranteed Processing

aray80 (0)(1)in #bitcoin • 6 years ago

Welcome my friends to an exciting new Project today and let's take a look at their great idea:

About YOcoin

YOcoin is a fully decentralized platform. Its main function is the opportunity to create and put smart contracts and decentralized apps based on the basis. It is difficult to overstate the benefits of these applications as they minimize the risks associated with different types of activities. Financial management when ICO is done, service insurance, trade, logistics, partner program creation, the creation of a new platform for gambling is the most popular field of current contract and application usage. This is an incomplete list of potential opportunities from the use of blockchain technology. The Yoc platform allows it to involve in a simple and convenient way to use the full resources of the most modern and sophisticated technologies available today.

The yoc platform often appears against the situation when server sharing is complicated using traditional solution decisions. It happened for a reason. These are set up on their own servers and these are based on personalized software. It is possible that this server can be a target of third party attacks and users can significantly suffer from this. It is possible to exclude this deficiency using blockchain technology. This technology allows the adjustment of its own nodes that are capable of storing information on a different set of computers with other similar nodes. At the same time, there is no discomfort in its use. Attacks on decentralized networks are very complicated. There is a huge amount of resources that must be spent to solve it successfully,

What does the Yocoin platform offer and how does it work?

Yocoin is a full platform for guaranteed processing. The main advantages can be expressed as follows:

User authentication via cryptographic signature;
Completely transaction logic and adjustable status changes;
Resist the DDoS attack;
There is no single point of network failure;
The history of all network activity is stored in the public domain in a decentralized distributed database (Blockchain).

Yoc mode of operation.
You can outline and spend your own digital money

Robustness is a continuous dialect which makes it possible to create and utilize computerized token claims. There are currently many types of tokens, for example, declaration tokens, token events, credit tokens. Operability of this token comes with our stage as it is created by methods for the standard that can not be distinguished. They were apparently executed by satchel. Agreements or apps use the same standards.

In the middle of creating tokens, you can place any reason from their most advanced use. You can direct the token problem to make it resolved or changed by certain principles. You can provide for an extra specialist token specialist, for example, the opportunity to choose or leave as an authority whose feelings will be secured by his offer of ownership in the token aggregate removed. However, the current use of the results is limited only to the creative energy of computer resource makers.

With Yoc you can do the following below:

YOU CAN CREATE:

Token that can be traded with fixed inventory
A central bank that can spend money
Cryptocurrency-based puzzles.

YOU CAN DEVELOP:

Crowdfund for pre-selling products
Crowdsale to sell virtual shares in blockchain organizations
Auction of goods in limited quantities

YOU CAN DEVELOP:

A virtual organization in which members choose to take any decision
A transparent association based on the voting of the State shareholders
You yourself with an irrevocable constitution
Democracy delegates better

New opportunities for crowdfunding

The new platform provides a new approach to crowdfunding. Through the YOC platform, you have the opportunity to exclude the trust component between you as a future supplier of goods or services and investors, where is it strange to doubt making a decision to invest its own money in realizing the idea.
You have the opportunity to create such conditions, after giving them a smart contract that will allow saving money from investors, the conditions set in him will not be satisfied.

Creation of autonomous organizations democratically.

Imagine how a centralized organization works. There are people who are responsible for adopting strategic and important decisions. People who make large amounts of documents and reports, accountants involved in the calculation of material value, etc.

Token Yoc and payment details.

Gas is the unit of measurement used to determine the amount of rewards for a particular computation. Gas price - is the amount of "yoc" you can spend on each gas unit. The gas price is measured in "GWei". Wei is the smallest unit of yoc, where 1018 Wei is only 1 yoc. One GWei equals 1,000,000,000 Wei.

For each transaction, the sender must set the gas limit, as well as the gas price. The gas price as well as the gas limit is the maximum number of Wei, which the sender is willing to pay for the transaction. Let's imagine the sender sets the gas limit of 50,000 GWei, and the gas price is set at 20 GWei. This means the sender is ready to spend up to 50,000x20 GWei = 1,000,000,000,000 Wei or 0.001 yoc for this transaction. gas limit - is the maximum amount of gas that the sender is willing to pay. The sender can make transactions as long as his account balance is sufficient to cover this maximum. Subsequently, the sender will be compensated for any losses associated with incomplete gas usage at the end of the transaction, with gas exchanged for the original value.