PYCOIN: innovative smart contract with greater scalability and decentralization.

in #innovation6 years ago

   Smart contract’s preface: 

Decentralized application & organizations are the key elements for the crypto world. In order to make the application reliable & transparent, an algorithm of smart contract is needed.  Need to build a network with maximum decentralization protocol, high rank scalability and no risks factors such as hacks and stealing, then you have made a wise decision to read about PYCOIN. This network provides a structure to develop algorithms of smart contracts in python language.    

PYCOIN network:  

Followings are several features of this network which make it different from other smart contract developers: 

  • This network utilizes DexOS (wants full access to hardware as well).  
  • They don’t use conventional blockchain technology in order to achieve decentralized apps, instead they use directed acyclic graph (DAG) which develops graphs for transaction in no time. 
  • Unlike Ethereum it utilzes the “Turing-incompleteness-language” to develop its smart contracts in order to make it autonomous, decentralized, precise, secure, self-sufficientand feasible to static analysis.  
  • Transaction are first verified and only then recorded in the network and can verify million transactions per second.  
  • Quantum safe privacy measures.  
  • Mining becomes very fast with much gaining in less time. In order to move greater value PYCOIN utilizes Drivechains Hashrate Escrows.    

Production:  

PYCOIN smart contract is able to produce variety including decentralized applications, unmanned crypto exchanges, video gaming applications, IoT networks, real time online casinos, public voting tools, token payments/ transaction platforms, security networks, self-regulating automatic financial managers, trading bots, crypto dark-pools, supply chains working worldwide, making insurance automatic insurance plans which charges the users based on their liabilities and much more. Users & developers will have to purchase the PYCOIN token to use integrate network’s smart contract for their applications (minimum 1k tokens are need to be paid for its smart contract integration).    

Token:  

The PYCOIN-token has limited supply which is 62,000,000,001. The last date for the ICO is 23rd March, 2018 followed by the ICO period from March 24, 2018. The bonus is up to 20% till the last of pre-ICO sale with terms and conditions must apply. A digital wallet is created for the users which is under development & the token holders are going to receive their tokens after ICO ends. These tokens will be available on external exchanges after ICO. All token holder also get benefit when the value of token increase (which is expected to increase). The cost of PYCOIN is 0.009 per token.  For further insight about the project please visit whitepaper.

Author: 

Camelson 

ETH: 0xAcBfF971aaEc80cAc1D9fe4f9a5E735841cADF68

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Good information. Thanks for sharing

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