The world is moving faster with the advanced and digitalized technology. The formulation of digitalization has also touched the transaction processing that is making cryptocurrency payment possible blockchain technology. Merculet is one of the best blockchain network providers.
By the help of blockchain technology, the collaboration became effective within the users and entrepreneurs users and users, and entrepreneurs and entrepreneurs. Merculet utilizes the blockchain technology that focuses on the transformation from the Internet of Information to the Internet of Value.Merculate might be integrated with the third party content service. Such integration can either be centralized or decentralized. The service is included third party content sources, third-party copyright services, and third-party tagging services. It also uses the blockchain for the transformation of relations among the consumers, producers, and investors that also enables monetized attention.
Merculet follows a consensus mechanism of application layer to make sure the advancement of the service providing. The services providers rely mostly on the mechanism of mechanism to completion of the closed loop of the entire process among the best content service provider.
The consensus mechanism of the blockchain network is an integrated upgrade version that is based on POS + Reputation. The final result will be calculated by voting by the quantity of the Tokens and the reputation value the voters too.
Merculet follows some typical scenarios in terms of consensus mechanism that goes on like the following:
The translation of the content globalization in which the result is already determined by the community
The judgment into the community based on the copyright of content dispute
The community of judgment towards the authenticity of contents in science education or recordable content
Merculet also has a consensus in terms of raising the process that includes:
Raising a question no matter if it is auto or manual
For publicity or invitation, some questions can be limited according to the grade of reputation
Voting by the owned Toke quantity
The system judgment that results automatically by the intelligent agreement together. This helps to row the reputation of the user and actual token quantities.
There are a number of non-binomial questions that arise from the existence of the community. The questions are like the vote translation to other languages that results to one version and does not mean there will be any other results which are useless.
The final results will be based on the top ranking result that will be picked, the tokens that used for a vote and the votes will be returned to the contributors, and reward that will be issued according to the reputation.
Like the other international translation voting and token issuance, mechanism runs for Merculet. The community will vote at the time of confirmation when the result is “A”, the system will bill in the smart contracts for all the cotes to be “A” but the issuance of equity can be used later. “A” enters like content module and can be distributed.
The distribution process will be used at the time of distribution process for the user behavior such as exposure, click, comment, report and stay time generated by the global users.
The usage of tokens can be determined if there has been cheating of involves in such crimes like translator votes with other accounts to obtain equity. If found any type of cheating then all the voters and translators will be punished in rights and reputation based to the severity at some certain point and the user will be shown at the community of shame wall. The system will be distributing equity to the user after the tokens get locked up for a definite period.
Also, the lockup period is flexible as it can last longer than three months within the launching of the content community. At the time of flourishing and growing of the content community, the lockup period can become shorter.
Merculet is quiet cautious any mischief behavior of clients and takes necessary steps for such kind of misrepresentation. They want to be fair to every client and therefore they like to make the service simple and have settled different types of precautions as well.
Website : https://merculet.io/
Whitepaper : https://drive.google.com/file/d/1J49EDgvidOnUTG3EktoCeVVgpJ1ArjpY/view
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=143168
