Blockchain and cryptocurrency have started a whole new trend in network and transactional system. iOlite is the blockchain platform as a non-profit business mounting and endorsing with the exceptionality for opening the source of the solution. This increases because of the language difficulty surrounded by the blockchain technology and typical users. More precisely it can be said that iOlite is like the bridge to the gap for the universal blockchain translation platform lies between humans and machines.
iOlite deals with the flow for making the system feasible for the users from every sphere. It has some different elements that take the iOlite service into another dimension:
Author: Authors mainly requests for a solution who are trying to write a smart contract due to some specific use.
Contributor: The developer of the smart contracts is known as contributors who take good care of the unknown expressions with the definition of structures.
iOlite Parser: It is the name of grammar lexical engine from Stanford.
iOlite Blockchain: It is the place where the information is stored in the transactions and structures. This starts with the use of Ethereum as it is overloaded and sometimes become unadoptable for some specific use case, this will ultimately construct this iolite blockchain. The reason is, the system will try to make some effective nodes in such case for holding some historical information regarding the transactions. These reasons can be enough for starting a clean blockchain to make it suitable for languages.
iOlite Smart Contract: iOlite smart contract can be stated upon the Ethereum blockchain contract from the starting point of the system to move within the contracts optimizing the natural language processing system.
iOliyte Miner: iOlite miner is quite similar to the Ethereum miner as both give rewards to the iOlite tokens.
Use Cases
To implement the service it employs with some use cases to gear up the system. iOlite has three different use cases depending on the situations:
Use Case 1: It starts by writing down the expression to pick up by the iOlite parser as soon as it finds out the translation in its expression pools. The parser may return this by creating smart contract code for most of the ideal and fastest possible solutions.
Use Case 2: This submits the expression to the parser which is able to find a solution for requests. It can find out through the correct structure in the main domain with some available solutions. This may stage the domains creating the approval to the iOlite team. This also can decide the use of these solutions to the requesters.
Use Case 3: Contributors can get notifications from some unsolved expression available through staging. Even the contributors an find the solution to submit the structures for being a part of the solution storing the iOlite blockchain. The blockchains also request for the signatures in newer blocks that contains the solution for the miners in iOlite and the contributors can work and receive tokens as a reward for reusing.
As soon as the approval is received from iOlite team, the requesters can deploy in creating smart contracts in the blockchain platform where the contributors will get a fee for their task from the miners. This will process the deployment of the smart contract while the authors do not need to pay for the entire process for the author of the expression.
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