Its no longer a news that the Crypto world has grown exponentially in the last couple of years from the creation or inception of the first decentralized Cryptocurrency which is called Bitcoin since the year 2009 specifically.
Cryptocurrency majorly uses decentralized control with all transactions records in database called Blockchain.
From research and experience, we know that there is no project on ground without challenges. Below are Some of the challenges these project is set out to provide solutions to:
The systems security is not yet fully guaranteed. Let me explain:
One of the main problems of Ethereum Smart contracts is the lack of tools to make them secure.
Another problem of each progressive Blockchain is the protocol update that needs Blockchain Hard-Fork.
CALLISTO Network is intended to solve this problem for CLO and ETC Ecosystem with an "Official Smart-Contact Auditing Department of CLO and ETC"
Also, CALLISTO network seeks to mitigate hard-forking with establishing 2 planned hard-Forking dates
November 11th 2018 and November 11 the 2019 respectively.
With this approach, each member of the network will know about upcoming updates and prepare adequately for them in advance.
In the next paragraph, I will be discussing on what CALLISTO platform has to offer and and why we should participate in this great and promising project in details.
ADVANTAGES OF CALLISTO NETWORK AS FOLLOWS.
A mong many other benefits, below are but not limited to what Callisto Network has to offer to its users.
There is improved security level of crypto industry and smart-contract development platforms.
There’s Scalability of networks involved.
Enhancement of new protocol levels
- Growth boost and adoption of Ethereum Classic as a platform and community altogether.
THE PLATFORM’S ECOSYSTEM
The system will rely on a built-in system of smart-contracts as mentioned before, so as to develop a reference implementation of a self sustaining ecosystem.
But it is noticed that Smart-contract hacking results in millions of lost revenue for the whole ecosystem, therefore the platform aims to solve this issue by Official Smart-contract Auditing Department of CLO & ETC.
Also the problem of protocol update that needs blockchain Hard-fork will be attended to by establishing two hard-forking dates which will be 11th of november of the year 2018 and 2019 as stated earlier.
TOKEN
The platform’s Token(CLO) is currently trading on exchanges platforms like StockExchange, SimpleSwap, Exrate and so on. And it is currently in the top 500 spot in coinmarket.
By way of concluding, this network called Callisto, aims to define and standardize protocol for a reference implementation of built-in cold staking, governance system and a development funding mechanism based upon smart contracts.
Callisto Network as a project of Ethereum commonwealth that has been researched and designed, and has developed a reference implementation of a self-sustained, self- governed, self- funded blockchain ecosystem.
An important point is the ability to implement key platform features using built-in mechanism which is smart -contract
CALLISTO TEAM LEADERS
Kindly visit the following links for further information:
website: https://callisto.network/
whitepaper: https://drive.google.com/file/d/18NsazbbcMwmas7TIZRbDslIfNCVeLgBY/view
facebook: https://www.facebook.com/callistonetwork/
telegram: https://t.me/CallistoNet
authors bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2233995;sa=forumProfile
Author: Mr Emmanuel Egbunu