New technologies often aren't trusted from the side of many people, and blockchain initially was among such technologies. But the advantages of this technology are so convincing that many companies from different fields started to use blockchain in spite of prejudices.
Today we can see innovative platforms on blockchain that considered and fixed the disadvantages of previous systems. Let’s try to understand where blockchain can be useful and consider new version of this technology on the example of Relictum Pro.
The advantages of blockchain and examples of its usage
There are several important technological advantages of blockchain. Here are they:
- Security
- Decentralization
- High speed of transactions
- Confidentiality
- Immutability of saved information
Thanks to the advantages of blockchain this technology can be applied in absolutely different areas. Here is an incomplete list of such fields:
- Operations with databases
- Electronic voting
- E-commerce
- Logistics
- Personal identification
- Video games
- Real estate deals
- Copyright
- Social networks
- Different branches of power
- Raw materials deals
Despite different possibilities for current blockchain application, it still stays a technology that needs some improvements. The version of blockchain 5.0 is offered by the representatives of the project Relictum Pro.
Relictum Pro: acquaintance with the project
Relictum Pro is a blockchain 5.0 that represents this technology of the latest generation. It includes the functions of previous generations with some innovations which are connected with network infrastructure, communication protocols, consensus algorithms, inter-network agreements, and so on. At the moment, Relictum Pro Blockchain works on the base of Hypernet communication technology.
The team of Relictum Pro includes IT, business and legal experts. Here are they:
The advantages of blockchain 5.0
Relictum Pro has the following specific features:
- Newest block architecture. It supposes new organization of chains and blocks, with hash in MasterChain and synchronization and sharing of data thanks to the parallel chains n-dimensional smart-contracts.
- Own communication technology. There are virtual communication channels (HyperNet) and OSI transport layer which is based on TCP/IP protocol over the Internet.
- PoT own consensus. New consensus algorithm PoT (Proof of Tsar) supposes the defence from hash collisions, nodes typing and their conditions.
The products of Relictum Pro
Distributed storage. It allows to keep digitized documents, data set and files of any volume life-long in the system. Copyright with the recognition of intelligent digitized work and a pirated copy is organized automatically. Reward to an author for the use of materials is also paid automatically.
Decentralized exchange. Reliable and secure platform that allows to trade more than 500 currency pairs. The presence of Quick Share Feature. Own Token Sale platform.
Secure chat. Private chat with personal encryption of each conversation. The possibility of transferring tokens, cryptocurrencies and RLC.
The possibilities for the latest blockchain application
As well as the versions of previous generations, the latest blockchain can be also applied in absolutely different spheres. But the most priority directions for blockchain 5.0 are:
- Law (value, ability to withstand inflation, scalability)
- Finances (reducing risks, high speed of operations)
- Medicine (simplification of the electronic medical records maintenance, health insurance modernization)
- Insurance (reduction of fraud, improving customer service)
- Logistics (effectiveness, transparency and higher speed of processes)
- Hydrocarbons (the solution of difficulties with transactions, documents, cross-border transportation)
- Ticket market issues (the solution of problems with fakes and touting)
An economic aspect of Relictum Pro
The cost of transactions in Relictum Pro is the lowest in the world — 0%. Here people can receive and send any electronic or digital currency, cryptocurrencies, fiat currencies. There are 3 kinds of cryptocurrency in Relictum Pro: genesis tokens (GTN), stable-tokens and Relict coins (RLC).
Genesis tokens express the intellectual property (IP) rights of the Relictum Pro software code. Stable tokens are digital assets. The emission of stable tokens depends on electronic or digital currencies received on Relictum Pro wallets.
RLC is the main coin of the Relictum Pro network. The emission of Relict coins depends on the forging of coins when new entries in the blockchain are created. RLC doesn’t depend on external economic and political influences thanks to the complex mathematical algorithm that excludes coin inflation.
The presence and the future of project
At the moment the Token Sale is going on. This procedure will be finished on the 31st of May. It is planned to develop smart contracts of the platform for such spheres as Logistics, Insurance, Medicine and Casino in Q3, 2020.
It is planned to create private networking and develop network and also strive to the growth in the number of nodes in Q4, 2020. 2021 is supposed to be the year of the following achievements: popularization of RLC, continuation of the network growth procedure and developments of smart contracts for different spheres of government action.
You can get to know more about the project here:
Website: https://relictum.pro/
Whitepaper: https://relictum.pro/cabinet/docs/whitepaper_en.pdf
Medium: https://medium.com/@relictumpro
Telegram: https://t.me/Relictum_Pro_Official
The article was written and published by Arcadio707 (https://bitcointalk.org/index.php?action=profile;u=2426003)