PICOLO: open database network for web 3.0
ICO Fanatics have found something interesting for you - the PICOLO, a new ICO from California.
an ICO AGAIN?!
First of all, the PICOLO is not a "high-tech intergalactic space rocket powered by solar panel". This project is for real world. You no need to wait future technologies. PICOLO can be used right after its implementation and address problem of current technologies.
GENESIS
Let the whitepaper speak: "Picolo is a fast, scalable, fully decentralized, globally distributed transactional database network for blockchainbased applications".
All nodes in the network will run one database software which support widely used SQL. So, on the client side use of the Picolo will be as easy as MySQL. One specific database will be stored on 5 different nodes which is quite enough to garantee it availability.
There are four types of participants in the network:
- storage providers
- storage consumers
- data providers
- data consumers.
Providers must do secure deposit in PINT tokens which is guarantee the quality of service they provide. Picolo will use so-called "Proof-of-Query" mechanism to punish bad behavior and to reward good behavior.
Token utility
What we really like about Picolo: its approach to token utility. Team cracked down on cornerstone problem of using native token as a payment tool. The user does not need to buy PINT tokens. Instead, PINT tokens are only used by nodes - database storage providers. Their are free to accept any fiat or cryptocurrency. More PINT tokens a node holds - more storage it can provide.
Metrics
Unfortunatelly, no information yet.
Team
Unfortunatelly, no information yet.
To be continued...
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