Recently the Ethereum mark-up and the increased attention to the platform has led to a serious escalation in the cost of Ethereum based decentralized apps and increasingly expensive usage of them. At the same time, the demand for these apps is superlative and there is no reason to believe that this trend is going to change in the nearest future.
All that happen because in the Ethereum network users must pay directly for the compute capacity they use regardless of whether they have made a bet on the market of predictions or they exchange messages using a decentralized messenger. This is slightly different from using Facebook, which is a shareware platform.
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.
Switching to the Ethash Algorithm Basically, the Ethash algorithm is an improved Scrypt algorithm on which Yocoin was previously implemented. The platform itself provides undeniable advantages in the use of smart contracts and Dapps.
Switching to the Ethash Algorithm Basically, the Ethash algorithm is an improved Scrypt algorithm on which Yocoin was previously implemented. The platform itself provides undeniable advantages in the use of smart contracts and Dapps.
Advantages of smart contracts:
- Time rate and updates in real time – by automating tasks that are often performed manually smart contracts can significantly speed up workflow.
- Reliability: besides reducing the risk of mechanical error, the decentralized nature of the Blockchain ensures that data can be recovered if lost. At the same time, cryptographic protection of the platform practically excludes the possibility of hacking.
- The decentralized nature of the platform eliminates the risk of manipulation.
- Cost optimization = reduction of intermediaries number + cutting down expenses in m/hrs.
- Opportunities for new business models: a private network for exchange of solar energy based on Ethereum smart contracts is being created in New York.
About
Yoc is a fully decentralized platform. Its main function is the opportunity to create and put smart contracts and decentralized apps based on the basis. It is difficult to overstate the benefits of these applications as they minimize the risks associated with different types of activities.
Financial management when ICO is done, service insurance, trade, logistics, partner program creation, the creation of a new platform for gambling is the most popular field of current contract and application usage. This is an incomplete list of potential opportunities from the use of blockchain technology.
What offers Yocoin platform and how it works?
Yocoin is a full-fledged platform for guaranteed processing. The main advantages can be stated as follows:
Yocoin is a full-fledged platform for guaranteed processing. The main advantages can be stated as follows:
#. User authentication through cryptographic signatures;
#. Fully customizable transaction logic and state changes;
#. Is resistant to DDoS attacks;
#. No single point of network failure;
#. Fully customizable transaction logic and state changes;
#. Is resistant to DDoS attacks;
#. No single point of network failure;
History of all network activities is stored in the public domain in decentralized distributed database (Blockchain).
A modern language for creating the smart contracts and apps
You can design and issue your personal cryptocurrency
Solidity is a modern language which allows to create and use own digital tokens. Today there are many kinds of tokens, such as tokens certificates, tokens actions, credit tokens. The operability of these tokens is provided with our platform since they are created by means of the identical standard. They become automatically executed by any purse. The contract or the application uses the same standard.
Solidity is a modern language which allows to create and use own digital tokens. Today there are many kinds of tokens, such as tokens certificates, tokens actions, credit tokens. The operability of these tokens is provided with our platform since they are created by means of the identical standard. They become automatically executed by any purse. The contract or the application uses the same standard.
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
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
How to create a democratically autonomous organization?
Imagine how any centralized organization works. There are people responsible for the adoption of strategic and vital decisions works. People who create a huge number of documents and reports, accountants who are engaged in the accounting of material values, etc. So, all of them can be mistaken as there are no people who are able to commit now mistakes. Their opinion can be prejudiced or represent the interests of any certain group of people, infringing upon the interests of other participants in the process given business.
The YOC platform gives an opportunity to avoid it. It’s possible to give the management of all these processes to the robot which is impartial and will carry out all necessary actions according to the conditions which are written down in a smart contract. It would absolutely commit no mistakes. Allocate with an opportunity to vote for acceptance of important questions of the organization life of all participants according to a share of their general participation.
It will be able to receive an absolutely transparent and honest adoption of this decision. When all of this is provided with the decentralized network, you will always provide smoothly working service.
YOU CAN DEVELOP:
A virtual organization where members vote for taking any decision
A transparent association based on shareholder voting
Your own country with an unchangeable constitution
A better delegative democracy
A virtual organization where members vote for taking any decision
A transparent association based on shareholder voting
Your own country with an unchangeable constitution
A better delegative democracy
The development of decentralized applications
The use of decentralized applications opens many opportunities for our lives, new business advantages, and competitive profit. There are several very important and useful properties such as cryptographic safety, protection against unauthorized access and data storage decentralization.
If these properties can help you to build and develop your business, then you’re welcome. You can get acquainted with many examples of the created decentralized applications. There is an opportunity to independently develop similar applications which become more and more demanded today. It would be quite easy to look for somebody who is interested in it.
Token Yoc and payment details.
Gas is the unit of measurement used to determine the amount of rewards for a particular computation. Gas price - is the amount of "yoc" you can spend on each gas unit. The gas price is measured in "GWei". Wei is the smallest unit of yoc, where 1018 Wei is only 1 yoc. One GWei equals 1,000,000,000 Wei.
For each transaction, the sender must set the gas limit, as well as the gas price. The gas price as well as the gas limit is the maximum number of Wei, which the sender is willing to pay for the transaction. Let's imagine the sender sets the gas limit of 50,000 GWei, and the gas price is set at 20 GWei. This means the sender is ready to spend up to 50,000x20 GWei = 1,000,000,000,000 Wei or 0.001 yoc for this transaction. gas limit - is the maximum amount of gas that the sender is willing to pay. The sender can make transactions as long as his account balance is sufficient to cover this maximum. Subsequently, the sender will be compensated for any losses associated with incomplete gas usage at the end of the transaction, with gas exchanged for the original value.
This is my brief explanation to you with the intent and purpose of introducing you to YoCoin currently being run by our team, we have prepared a link for you to get accurate information, and of course you can directly communicate directly with our team. thank you!
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