Smilo is a hybrid blockchain platform that ensures transparency while protecting personal data. Smilo uses a blockchain technology facility, where it can maintain the privacy of individual data while ensuring the full transparency of organizations interacting with individuals. Smilo identifies the need for a hybrid blockchain platform. Provide this public entity with the right tools.
Smilo puts sincere service on every user, so it's called the hybrid blockchain platform with conscience, this is because:
Full
Unique features
Can facilitate hybrid transactions, hybrid smart contracts and hybrid distributed applications - with 'hybrids' referring to the public and private
Blockchain technology retains a great level of detail in its profile for all financial and non-financial transactions done. Blockchain technology minimizes the possibility of misinformation or processed information distributed on the network. One of the best parts to discuss public blockchain is that it is often not dominated by a specific entity. Each participant or entity has the opportunity to share or create copies. While some consider it power, it is also seen as a major disadvantage as few can claim it is not safe enough.
Fortunately, Blockchain technology can be used in three different ways - public, private and hybrid. While many things have been said and discussed about public and private blockchain, hybrid blockchain technology remains unaffected and relatively a 'fresh' term.
ADVANTAGES SMILO
Smilo uses Byzantine Fault Tolerance Plus (BFT +), BFT is much faster and more efficient than the Proof of Stake (PoS), but both are not perfect. Standard BFT and PoS mechanisms are not the safest consensus mechanism. For this, Smilo improved the standard BFT mechanism by creating a unique Smilo BFT + consensus mechanism. This mechanism is a safe, measurable, fast and sustainable transaction. Therefore, with Smilo there are many advantages including:
Transparency: Users can monitor transactions more transparently, By using this technology
Anti-corruption: With transparency, it can minimize or even eliminate corrupt behaviors in each transaction
sustainable: Green blockchain platform through Smilo BFT + protocol.
Privacy protection: Through smart contracts and hybrid transactions
Secure: Smilo's BFT + provides better security than the previous mechanism.
Fast and expandable: This platform will be 100 times faster than the ethereum platform or other
affordable platforms : Smilo offers deals for a much cheaper fee.
USING PLATFORM some examples of Smilo platform use cases are:
Smilo elections facilitate the election or referendum and safety, excluding the post-election influence.
DONATION
Facilitates donations and ensures anonymous donors that money will be spent in a respectable way.
MEDICAL RECORDS
Personal medical records are owned and managed by themselves and shared with medical organizations and insurance companies upon request.
ECONOMIC NETWORK
There will be two types of network migration tokens in this platform:
Smilo (symbol abbreviated: XSM): created by the Smilodon block - the first block of the blockchain, is a representative of the shares that are using holding,
SmiloPay (abbreviation: XSP) was created after each block by block Smilodon, is a means to premium network services and maintenance
Smilo way to cardholders Smilo has the right to receive shares ie in the form of SmiloPay token.
Smilo This token represents the user's ability to influence the development of Smilo's network. Each Smilo token is counted as sound, so the more Smilo cards you have, the more you will influence the development of the Smilo ecosystem.
Smilo card owners have the following privileges:
Get SmiloPay
Vote for changes in network parameters
Change Tx
price
Change smart execution price Change cost of smart contract
Each block of Smilo block creates two SmiloPay cards, will distributed among Smilo owners. The SmiloPay number for each block will slow down, because only 200 million SmiloPay cards,
SmiloPay
SmiloPay Tokens are used to pay for Smilo network services and maintenance fees. Used as a service fee to register or change properties. This service fee will then be distributed accordingly to all Smilo owners, meaning SmiloPay will be circulated through the system.
Initially, there will be no direct transaction fees for network use and all token owners will receive the maximum amount of SmiloPay for each block. The SmiloPay code will be generated with each new block made equivalent to the total number of Smilo token circulating, to 200 million. Each block can generate 20 Smilopay, and this token will be distributed accordingly among Smilo owners. And after the first millions of Smilo were created, the SmiloPay prizes will be reduced a bit. After the SmiloPay token code reaches 200 million, the blocks will stop creating SmiloPay token. This is to keep transaction costs low to lead to more Smilo users, which leads to more registered assets and transactions, and thus creates more costs for the button.
Website: https://smilo.io/
Whitepaper: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5039760.0
Twitter: https://twitter.com/SmiloPlatform
Facebook: https://www.facebook.com/SmiloPlatform/
Youtube: https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
Telegram: https://t.me/SmiloPlatform
Author: sajadah terbang
ETH addres: 0x845296575320897ED34C1aB7a8d92531e43e20F3
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