Yammy Network – the smart solution

driean151 (-1)(1)in #bitcoin • 5 years ago

BLOCKCHAIN TECHNOLOGY

Plenty of startups are now using blockchain for everything, from music sharing to global payments, from monitoring diamond sales to the legalized marijuana industry. This is why the technology has a vast potential. When it comes to digital transactions and assets, you can place anything on the blockchain.

Blockchain is basically a distributed database that keeps shared records. These records are blocks, and every block of encrypted code has a record of the block history before it. Each block includes time-stamped information on the transactions made down to the second. The effect is a chain of those blocks to get them together; hence, its name.

A blockchain has two major components: an immutable ledger that the network keeps, and a decentralized network verifying and facilitating transactions. Everyone with access to the network could see this shared transaction data, but there is no possibility that the records can be corrupted or hacked. This decentralized trust means there is no one organization that controls the data, be it a tech giant or a big financial institution.

CURRENT PROBLEM OF BLOCKCHAIN

Blockchain technology has the potential to revolutionize the world the same way the internet did- maybe even better. Already, it’s proving its capabilities in areas like finance, identity management, governance, asset management and many more. Blockchain network features such as; transparency, immutability, security, cost-effectiveness, and trustlessness will forever change the way institutions and individuals operate.

Nonetheless, most real-world businesses have been slow to adopt this technology because of two major challenges currently associated with it.

Connectivity

In a conventional crypto world, each Blockchain has to create a complete ecosystem with its users, native currency and DApps. This has resulted in Blockchains operating in silos, which makes it difficult for the networks to communicate with each other. And without connectivity, direct transfer of assets between Blockchains is indeed an uphill task.

As you can rightly guess, this lack of interoperability is a big hindrance to the mass adoption of Blockchain technology.

Scalability

Leading Blockchain networks such as Ethereum and Bitcoin have trouble supporting massive transactions on their network. Network congestion here often results to slow transactions and an increase in transactions fees.

Therefore any emerging Blockchain network hoping to host users at a global capacity and meet the practical needs of businesses has to increase its blocktimes tremendously.

YAMMY: THE REVOLUTION OF BLOCKCHAIN

Yammy is a revolutionary network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, lightning speed with zero cost, and allowing potential users to develop and run Net Services and apps based on On Yammy Network alternatives. This is achieved by leveraging smart contract and 3 layer technology, including:

1.Foundation Layer: Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contracts developed and deployed in the Ethereum Virtual Machine (EVM) either by us to facilitate YMM token usage or by other independent developers. Ethereum is and always will be free and open for all to use, and has proven to be secure and sufficiently robust. YMM token transactions could be done on or near zero marginal cost. These YMM tokens will be transferred within a Master Booking Deposit Contract (“Master Contract”) to facilitate token transference according to the outcome of a shipment booking.

Intermediate Layer

The purpose of the Intermediate Layer is to bring the real-world business logic captured in the Application Layer into smart contracts with proper coding using the Solidity programming language; and to deploy the smart contracts into the Ethereum network. This layer should be organized in the form of modular Web3 JavaScript Application Programming Interface (API) in communication between the Foundation Layer and User Application Layer.

Yammy is in discussion with other third-party companies to integrate the YMM tokens into their own system. These companies, instead of using Yammy’ Application Layer, will enhance their own system to incorporate YMM token usage by calling Yammy’ Intermediate Layer APIs to move token in Yammy’s Foundation Layer.

Application Layer

The Application Layer provides user-friendly front-end interfaces to shipping industry participants. There should be no difference in user experience when using Yammy’ Booking Deposit Module comparing to using other shipping applications that most users are already familiar with. Hence, the industry users should find Yammy’ Booking Deposit Module easy to use.

Yammy aims to provide a user-friendly platform to increase user adoption of blockchain technology as a whole. Yammy platform built on top of a highly secure blockchain, integrating the mixture of different technologies. At Yammy, all crucial integration of blockchain technology service is ever on their fingertips. Yammy's team of experts works day and night to provide its clients a lifetime free flowing blockchain technology using the best decentralized tools available.

Yammy is scalable enough to sustain active operation of thousands of industrial grade DApps at the same time, while the military-grade security of the Yammy Platform ensures the stability of the network. Furthermore, each transaction within the Yammy Platform, is free of cost. There are no hidden charges involved. The transactions promptly arrive at the desired destination at a rapid speed.

YAMMY TOKEN (YMM & YMA)

The Yammy ecosystem will have two ERC-20 token standard, YMM & YMA token. YMM Tokens are used to complement the full range of Yammy services. While, YMA is fully mineable coin on Yammy's blockchain.

Phase One of the Project is to introduce YMM Tokens as an initiation of the project with intention to convert to its own blockchain during Phase Two of the Project development when Yammy Network’s mainnet will be introduced to public and mining of the YMA coin will start. While, Phase Three is about of practical implementations of Yammy Network’s services and Yammy Platform

The total YMM token supply is 100,000,000 tokens. The token will be distributed in the following manners:

Benefits of this project
The Yammy Network project itself cannot be doubted because this platform is easy, smart, and can be understood by the general public and also for beginner investors, the first launch the platform (Yammy Network) itself can also be used as desired and very easy. try, investors' shares or personal assets have been acquired and improved since using the Yammy Network platform, the increase in the personal assets of traders and investors has increased dramatically since using exchange and trade (Yammy Network), in 2000 assets of investors and entrepreneurs have jumped since using smart platforms this.
The future of Yammy Network is based on these important components:
• Smart contract application
• Offer masternode
• Global market with crypto payments
• Global streaming platform based on blockchain technology
• Global betting and platform predictions
• Decentralized crypto exchanges
Yammy Network is an ERC20 token that will be used to encourage development for mainnet. Yammy ERC20 tokens (YMM) and Yammy Coin (YMA) are core elements of the Yammy Network ecosystem.
Token Information
• Name Yammy Token
• Token Symbol YMM
• Platform Ethereum
• Type ERC20
• Max Supply: 100 000 000
Verified by Etherscan
Decimals: 18
Contract: 0xf3bcbaac4d699bd81e75e35fe01c695739b0903c

Roadmap
Start: 2018 Q4
• Whitepaper v1.0
• Launch of website
• Token creation
Q1 2019
• Listing YMM to exchange
• Whitepaper v2.0
Q2 2019
• Yammy Coin launch
• Masternodes
Q3 2019
• Smart contracts
• Yammy Platform alpha version
Q4 2019
• Yammy Platform beta version
2020
• Betting site as a first sample of Yammy Platform
• Global marketplace with crypto payments
• Decentralized crypto exchange