PYCOIN — A Scalable Decentralized Zero-knowledge Platform for Secure Smart Contracts and Decentralized Applications
Pycoin is designed to give anyone the opportunity to write their own secure intellectual contracts based on the python programming language. Unlike Ethereum, Pycoin will from the outset eliminate all errors through which an attacker could crack smart contracts and private keys by recognizing passwords. All this will be possible with the help of a completely new Simplicity algorithm, which will be responsible for a new programming language that does not have loops and recursions. The project team consists of high-class specialists who know everything in the field of security, so you can entrust your assets to their development and sleep peacefully! The language of python is the most universal, so the platform can be integrated into any environment of operating systems. For the work of the system will be responsible DexOS, the system is built on the blokchin algorithm Algorand; Further XRB (Nano / Raiblocks) passes through several components Formalizes decentralized Secure Smart Contract (SSC) structures and their properties, then constructs Pycoin as a Decentralized Secure Smart C ontract platform. The advantage of this method is that now you do not need to wait for the whole block, it will just be enough to give confirmation of the transaction. This innovation will allow up to 7000 transactions to be performed in seconds. Below I want to show you the scheme of the work of intellectual smart contracts of the new generation. Below I want to show you the scheme of the work of intellectual smart contracts of the new generation. based on Blockgeeks technology.
A new static smartphone system will not allow mistakes. Now you do not need to worry that bugs with sending gas will cause bugs, so this system gives a very big advantage to the development, since this innovation will test all applications that take technology Pycoin. The essence of this smartphone system is that to create a trusted centralized location of their creation and deploy all the power is blocked to create them. Below is a diagram that distinguishes DexOS technology from classic PoW / PoS. These speeds are unparalleled, leaving the closest competitors far behind. In comparison, Visa’s
network has a peak capacity of around 56,000 transa ctions per second and the Bitcoin network is limited to around seven transactions per second and
Ethereum can process up to 20 transactions per second. DexOS is capable of processing millions of transact ions per second coming from a potentially
unbounded number of clients. It offers a performance that scales horizontally, which ensures the security of transactions. It enables an quantum-safe advanced technology of functional encryption known as scalable verification of computational integrity over confidential datasets. This method will allow mathematically not spending time on decryption to conduct transactions. This combination will protect and accelerate transactions as much as possible.
Pycoin will have quantum-safe privacy layer zkSTARK implemented in it making it virtually immune to censorship, cryptanalysis and chain analysis for ferreting out payer and payee information as well as payment data by most powerful supercomputers and even quan tum computers/quantum circuits in the foreseaeble future. Where will Pycoin technology be applied?
Privacy-preserving Currency and Confidential Global Payment System
Unmanned DEXs
Large-scale Federated IoT Networks
Realtime Gaming
Automated Betting & Lottery Pools
Decentralized DNS Clusters
Tokenized Financial Assets and Derivatives Contracts
Automated Hedge Funds
Crypto darkpools
Temporal Insurance Products
Global Supply chain
Realtime Video Communication capable Anonymous Web Infrastructure
Тoken Supply & Monetary Policy
Total coins planned to be launched: 62,000,000,001
Maximum Supply(Hardcap): 62,000,000,001
Reserved for developers and founder team: 9,000,000,000
Reserved for Bounty Hunters: 2,000,000,000
Reserved for Controlled Emission(minting) to reward peer-to-peer random users-payment validators: 26,000,000,001
References:
First PoW protocol Hashcash:http://hashcash.org
Tauchain Decidable Generalized Blockchain:https://bitcointalk.org/index.php?topic=950309.0
Hash Rate Escrows- Drivechains: https://github.com/drivechain-project/docs/blob/master/bip1-hashrate-escrow.md
zkSTARK Technical Paper: https://eprint.iacr.org/2018/046
Simplicity Turing Incomplete Language: https://blockstream.com/simplicity.pdf
Algorand:https://arxiv.org/pdf/1607.01341.pdf
XRB- a DAG-based Cryptocurrency: https://github.com/clemahieu/raiblocks
Zen Protocol for Financial Smart Contracts: https://www.zenprotocol.com/files/zen_protocol_white_paper.pdf
Decentralized DNS Clusters
Tokenized Financial Assets and Derivatives Contracts
Automated Hedge Funds
Crypto darkpools
Temporal Insurance Products
Global Supply chain
Realtime Video Communication capable Anonymous Web Infrastructure
• Official Web Page http://www.pycoin.io/
• ANN Thread https://bitcointalk.org/index.php?topic=2843903
• White Paper http://www.pycoin.io/static/whitepaper.pdf
• Medium https://medium.com/@PycoinOfficial
• Twitter https://twitter.com/PycoinOfficial
• Telegram https://t.me/joinchat/FxdrGhIDns5xms3LVtHbWA
Author: novikov433
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1043836
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