YOCOIN - To Create and Place Smart Contracts and The Decentralized Applications on it's Basis

andipcc (26)in #yocoin • 6 years ago

Hello everyone, today I will discuss the YoCoin(YOC) Project and to know more about YOCOIN, Stay here to the end! Well, times have changed. And it has happened quite quickly. Several years ago lots of Bitcoin early followers had difficulties with their funds, but they held onto their beliefs and their coins, thuswise they are feeling like nobody’s business now,- the experts in Crypto Industry say, - we still need Bitcoin and Ethereum to work on a larger scale, so businesses need to decentralize data and ensure their privacy concerns. Now we face a new challenge: considering the huge amount of money invested, it remains to be seen how many old-timers and newcomers will remain faithful to the industry and will strive to change the world with the help of technologies that have already changed them.

Nowadays, Blockchain technology is experiencing a huge boom. New Blockchain schemes are created daily, including the largest technical corporations. For example, Microsoft offers his clients tools for experimenting with crypto currency in Azure cloud. IBM, Intel and so forth are collaborating with the Hyperledger hub, an open platform for developing business-centric Blockchains. The major banks, the very ones that the creators of the cryptocurrency wanted to oust, came up with their version of technology, trying to outrun the trends.

Even Bitcoin, which works on the premier and the most successful Blockchain, is being upgraded for apps whereof its creators have never dreamed of. Nevertheless, there has already appeared a potential funding mechanism for the Blockchains - Initial coin offering or ICO. It turned out to be extremely lucrative, although legally dubious.

For example, a person decided to use the app, but he cannot make payment using common currency, he needs to buy special coins for this app, which were previously released to the market, and pay them off. In the real world, it would work like this: someone has opened the laundry and issued tickets, which can be paid for washing. The owner beforehand sells all tickets to people, and then they resell them to others, if it’s necessary.

Currently, more than half a billion dollars invested in the tokens sale and recently these numbers are only growing. For example, in July the Tezos Blockchain set a record collecting more than $ 200 million through the ICO.

Blockchain technology can be useful not only for making transactions. Almost straightly after Bitcoin emerging, people began to think about how to use this technology in other fields. When miners check the transactions, they run small programs that process and provide the data necessary for the transaction. But what if we run more complex programs? Software for social networks? Or use Blockchain to provide data for online forums? These ideas emerged right along after the creation of Bitcoin, but only a few years later a nineteen-year-old student from Toronto contributed to their development. In 2013 Vitalik Buterin developed a completely new technology called Ethereum. Because of Ethereum Blockchain can be used not only for making transactions.

Unlike Bitcoin, Ethereum uses mini-programs called smart contracts, which can be written with an unlimited level of complexity. Users can interact with programs by sending them guided transactions that are then processed by the miners. It means that everyone can embed a program in transaction and be sure that it will remain unchanged and accessible to the Blockchain. Hypothetically Ethereum can replace Facebook, Twitter, Uber and any other digital service with new versions that are transparent, invulnerable to censors and do not require human intervention.

What is YOCOIN(YOC)?

Yoc is a fully decentralized platform. Its main function is an opportunity to create and place smart contracts and the decentralized applications on its basis.

It is difficult to overestimate the advantages of these applications since they minimize any risks connected with different types of activity.

The management of finance when the ICO is carried out, service insurance, trade, logistics, the creation of partner programs, the creation of new platforms for gamblings are the most popular spheres of use of these contracts and applications nowadays.

It is an incomplete list of potential opportunities of the blockchain technology use.

The Yoc platforms allow involving in a simple and convenient way to use the full resources of the most modern and advanced technologies existing nowadays.

YOC is not just a new start-up, it is a steadily evolutive and growing platform that was launched in 2016. At the same time growth since September equaled a very significant 300%. Furthermore, the tasks that have set at the construction phase of this platform are mostly fulfilled and it's time to move on in order to become maximum useful for our users.

Features of the YOCOIN Platform New opportunities for crowdfunding

The new platform provides an absolutely new approach to crowdfunding. By means of the YOC platform, you have an opportunity to exclude a trust component between you as a future supplier of goods or service and the investor, to which whether it is peculiar to doubt decision-making to invest own money in the realization of your idea. You have an opportunity to create such conditions, having provided their smart with the contract which will allow storing money of the investor, the conditions stipulated in him won't be satisfied yet.

In case of your success money will surely pass to you, and in case of your failure they will return to the investor, at the same time terms of the contract won't be able to be changed after the start of the contract in any way. At the same time, you can avoid the need to have the centralized arbitrator, the center of exchange of information or any other tool which needs to trust. In the same way, you can control the distribution of remunerations to investors who have supported your project at his early stage, and now have to receive all that is due to them.

YOU CAN DEVELOP:

A crowdfund to pre-sell a product

A crowdsale to sell virtual shares in a blockchain organization

An auction of a limited number of items

You can design and exclude your personal cryptocurrency and During the token generation, you can put any logic from its most efficient use.

YOU CAN CREATE:

Token that can be traded with fixed inventory

Central bank that can spend money

Cryptocurrency-based puzzles and of course there's much more you can do with the YOC Platform

For further information about this project please visit the links below;

WEBSITE:https://www.yocoin.org/

WHITEPAPER:https://www.yocoin.org/Yocoin_WhitePaper.pdf