If you are reading this paper, you are likely to have some knowledge about cryptocurrencies. If not, you should do some small researches on Google to find out more about it. There are hundreds of articles and communities which will show you the way. You can head for some keywords such as ICO, Bitcoin (BTC), Ethereum (ETH) and plus more. If you already did your homework, I can now explain to you why this post is written. Nowadays, ICO market is just like the Wild West during the peak time of gold rush. If you know the way, earning good money is not some difficult, but you have to find a good-enough project to invest in. Here is one of the promising projects that I am extremely excited to tell you: iOlite.

()

I. About iOlite

iOlite is a decentralized blockchain based community driven platform that intends to develop a mechanism through which machine interfacing can be made easier for humans using a set neutralized languages. The platform is powered by blockchain technology which continuously strives hard to learn how to make communication with machines more effective using either programming or natural language. It helps users to write smart contracts even having no previous knowledge of programming language. The platform has three main beneficiaries including mainstream programmers, academics, and mainstream enterprises. The platform also enables its users to write programs without incurring any cost.

II. What Issue Does it Solve?

When it comes to the growth and development of blockchain technology, the largest issue that most programs tend to face is scalability. Certain events such as the launch of CryptoKitties. While the program is viewed as adorable, it shows that blockchains are vulnerable when it comes to scaling to meet a large audience.

To elaborate, some of these platforms have a hard time handling a myriad of transactions per second. If blockchain could create a product with a high processing rate (think of credit card transactions), then it would be able to fulfill the needs of millions of people on its network.

Also, there are developers around the world who might not be able to use Solidity (Ethereum’s main language for smart contracts). Because of this, it can cost a business a lot of financial losses if their code has multiple bugs and issues placed on it.

iOlite solves this problem by creating a platform that uses Ethereum’s blockchain to accept multiple native languages and different code. With its FAE and IDE adaptation, users can make their own smart contracts with the coding language they are naturally skilled in.

Additionally, they have a Dependency-based Action Language. It’s apart of iOlite’s foundation teamwork, and each of its language subsets will support:

Staging code (sending new proposals to the community)
Core base code
Unittest blocks
Converting the previous language into smart contract schema.
Thus, iOlite helps by decentralizing Solidity itself. With its technology and vision, it will help users of all coding backgrounds quickly convert their native language into Solidity. This increases the number of smart contracts and increases the value of Ethereum’s platform.

III. Solutions provided by iOlite

Ethereum blockchain technology is used in the development of this platform for accepting multiple native languages and different codes. Businesses will be able to make their own smart contracts with coding language with its FAE and IDE adaption.

This platform has a dependency-based action language, which will support the following:

Staging code.
Converting the previous coding language into smart contract schema.
Unittest blocks.
Core based code.
The open-source platform will decentralize the Solidity coding language itself and help coders to quickly convert their native language into Solidity. The use of smart contracts and Ethereum blockchain technology in businesses will increase due to this platform.

IV. Why is iOlite a good project?

Businesses will be able to use Ruby, Python, C+, and other coding languages to create smart contracts on Solidity.

It will help coders who require assistance and guidance for the purpose of making smart contracts.

This platform is simple for developers and professional coders of different backgrounds to use.

Users will be able to quickly convert their native codes into a smart contract on Ethereum blockchain technology.

V. Token Distribution

Total Tokens allocated: 1,000,000,000*
Total Tokens sold: 650,000,000
Tokens sold to public - 65%:
Foundation Reserve - 35%
● Marketing, R&D, operations - 10%
● Team - 15%
● Bounties, partners and Service providers - 10%

VI. ROADMAP

VII. WHO BEHIND THE PROJECT?

VIII. Conclusion

The concept of the project is very useful аnd potentiаlly very profitаble. It is worth investing both from short аnd long-term perspectives.

IX. More Information

Website: https://iolite.io/
Whitepaper: https://iolite.io/docs/iolite_witepaper_rev3.pdf
Twitter: https://twitter.com/iOliteLabs
Teleram: https://t.me/iolite

BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1874368