Yocoin Defined
Yocoin is a plenarily decentralized platform. Its main function is an opportunity to engender and place astute contracts and the decentralized applications on its substratum. It is arduous to overprize the advantages of these applications since they minimize any perils connected with variants of activity. The management of finance when the ICO is carried out, accommodation indemnification, trade, logistics, the engenderment of partner programs, the engenderment of incipient platforms for gambling are the most popular spheres of avail of these contracts and applications nowadays.It is an incomplete list of potential opportunities of the blockchain technology use.The Yoc platforms sanction involving in a simple and convenient way to utilize the full resources of the most modern and advanced technologies subsisting nowadays.
We often come up against situations when sharing of the servers is intricate utilizing in the decisions traditional solutions. It transpires for a reason. It is established on their own servers and it is predicated on the personalized software. There is a probability that these servers could be a target for the third-party attacks and users can significantly suffer from this.It is possible to omit these shortcomings utilizing a blockchain technology. This technology sanctions adjusting own knot which is capable to store information on a set of different computers with the other kindred knots. Concurrently, there is no discomfort in its utilization. Attacks to such decentralized networks are very perplexed. There is a cyclopean amount of the resources which has to be spent in order to consummate it prosperously, so it virtually brings their probability to zero.
Cryptocurrency and wallet
The cryptocurrency is one of the components of the blockchain technology. The special wallet which sanctions storing safely the currency assets is developed for its use, and additionally it sanctions to keep and utilize the products developed with the avail of perspicacious contracts.
A modern language
for engendering the astute contracts and apps
You can design and issue your personal cryptocurrency
Solidity is a modern language which sanctions to engender 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 engendered by designates of the identical standard. They become automatically executed by any purse. The contract or the application utilizes the same standard.During the engenderment of tokens, you can put any logic of their most efficient use. You can regulate the tokens issue making it fine-tuned or transmuted by certain rules. You can give to tokens owners supplemental ascendancy, for example, an opportunity to vote or act as the arbitrator whose opinion will be apprehended according to a quota of his possession in a total of the relinquished tokens. Anyway, the utilization of the present possibilities is circumscribed only to the imagination of the engenderer of a digital asset.
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
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
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.
Thank you for taking time again to review the YOCoin Platform!
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Webiste: https://www.yocoin.org/
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AUTHOR : Sixa
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