Tip ICO

aleksandrsereda (15)in #ico • 6 years ago (edited)

Tip is a blockchain of the third generation which unites users of P2P networks and sellers with payment decisions doing transactions with use of cryptocurrencies lungs more than ever.

Key features of Tip

Smart addresses. Send money to friends and family members using their user names. You can send money for @ TipToken but not to the long address 0x28AD00F1CDF1E24900031.

Trade decisions. The system of settlement terminals for sellers which allows them to accept easily cryptocurrency payments from clients reducing at the same time costs of the transaction commissions and saving time.

Metadata of transactions. An opportunity to use in various purposes any data attached to transactions, including identification information of the note to payments of confirmation of receipts on payment, etc.

Search and providing data. Information in network of an indeksirovan is also available to search thanks to what users and the companies can find information necessary to them carrying out search by means of a purse and settlement terminals applications.

Instant peer-to-peer exchange of messages. Communicate with friends and family members by means of safe peer-to-peer connection and send TIP tokens directly during the conversation.

Easy mobile and desktop purse. The purse guarantees a possibility of connection to TIP network and implementation of transactions regardless of whether you are at home at office or on the way.

Addresses, convenient for the person

The first decision provided to Tip is unique addresses, convenient for users, or address pseudonyms. A source of each address in Tip network is the cryptographic hash as well as in a case with Bitcoin or Ethereum. However users don't need to worry concerning this detail of realization of network. If it is required to make transaction in cryptocurrency to know the initial address optional.

Users can create names, convenient for the person, or pseudonyms in the accounts and to carry out transactions using these pseudonyms. The network assigns pseudonyms to the corresponding addresses therefore transactions go to strictly set recipient.

This decision is similar to the decision for a situation in which users would need to find websites using IP addresses instead of domains. Such situation would be undesirable as would interfere with mass acceptance of the Internet.

For this reason the Service of domain names (DNS) has been created which assigns names, convenient for the person, for example google.com to IP addresses 172.217.1.174. Address pseudonyms, convenient for users, are the same crucial condition for mass acceptance of cryptocurrencies as names of hosts — for mass acceptance of the Internet.

Metadata of transactions

Besides the address pseudonyms Tip also provides an opportunity to attach any metadata to the address and transactions. In essence fixing of pseudonyms to addresses of purses can be considered as a special case of attachment of metadata to the address. Metadata can be dependent on the protocol such as pseudonyms or randomly set by the user. They will be stored in a form of couples "key/value".

This function will allow to store any any data which the user considers it necessary to specify. She will support storage on Tip blockchain as personal and public data. Public metadata will be stored in network in the form of the usual text and thus will be available to each its participant. Personal data will be ciphered and be stored in network in encrypted form. Such data can be deciphered and checked only by the holder of a personal key owner of the account.

System of settlement terminals

On other end of a range of a problem of mass acceptance of cryptocurrencies there are companies. The solution which Tip proposes to the companies will be represented by one more decentralized application created especially for retail sellers. The system of settlement terminals will include such functions as:

Management of transactions
Management of orders
Management of clients
Trade reporting and analytics
Integration of the third parties

This application will become the enormous assistant for retail sellers who already accept cryptocurrency as means of payment as it provides functions to which they have got used when using traditional systems of the settlement terminals which aren't intended for use of cryptocurrency.

It will also serve as the catalyst for increase in number of the retail sellers accepting cryptocurrency payments as offers at the scanty price of convenience to which sellers have got used using the traditional systems of settlement terminals.

ICO TIP

Token type: Ethereum ERC20

Payment form: ETH

Basic cost: 1 ETH = 10000 TIP

Tight restriction: 50000 ETH

General offer of tokens: 1000000000 TIP

The main component of decisions Tip is Tip blockchain. The blockchain of Tip will have functions which do possible providing data on a blockchain. Creation of a blockchain with similar advanced functions can take a lot of time.

The designated problems demand elimination immediately but not in several years. For this reason originally the Tip team will start solutions of Tip in Ethereum networks. These decisions will involve hybrid model of the decentralized network and applications and the centralized database for elimination of a problem of providing data in the short term.

Quite often ambitious projects in cryptocurrency space for years don't release any functioning software.

Tip differs from similar projects in this regard; the purpose — to provide the decisions allowing to begin process of mass acceptance immediately.

That is why originally the team will carry out start in Ethereum network.

Due to the fact that Ethereum doesn't provide elegant native function for data storage onchain or offchain solutions of Tip on the basis of Ethereum will be combined with the distributed ofcheyn-database which will provide registration of names indexation and request of any information. It means that users will be able to begin to use functions within several months and they shouldn't wait for development of a blockchain of Tip several years.

As soon as the blockchain of Tip is developed this stored offchain will be moved on a new blockchain. During creation of the genezisny block it will be used snapshot conditions of network. Will be converted by ERC20 tokens of TIP into tokens of new network in the ratio one to one.

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