Introduction
Unlike the many platforms that are now available on the exchange market that is either public or private the Smilo platform is a unique blockchain platform which supports the combination of hybrid transactions, hybrid smart contracts, and hybrid decentralized applications — with ‘hybrid’ referring to both public and private. Smilo's unique strength is derived from the combination of multiple features which includes the hybrid smart contracts that stands as one of the best features of the Smilo platform, this uses the combination of both public and private smart contracts. Smilo platform gives developers means to use both public and private contracts on the same chain, hybrid decentralized applications that is a great feature which offer uses for different situations , such as the private and secure messaging app, hybrid transactions that makes public transactions transparent and can also make transaction untraceable when necessary, transparency builds trust between a company and its consumers, in Smilo blockchain customers meet suppliers to validate their transactions openly and transparently.Many other platforms boost of privacy and anonymity but none can host both public and private smart contracts and decentralized applications except Smilo platform. Connection to real life applications in the Smilo platform links its platform to actual uses, thereby ensuring connections with real life issues. The Smilo platform was born in June of 2017, when Elkan Roelen who has over ten years’ experience in entrepreneurship, development, security and performance testing, in addition to his eight years blockchain experience noticed some blockchain-based platforms were created with privacy and anonymity in mind, but none of these platforms could provide users with smart contracts and decentralized applications then together with his highly experienced and hardworking team developed the Smilo platform.
Smilo Importance
The Smilo platform has an initial coin launching with these structure which is the Private sale and the Public sale. Development of decentralised applications The Smilo platform will develop several decentralized applications, including thefollowing: A decentralized exchange, Social funding solutions, Product tracking solutions, Public sector solutions, Insurance sector solutions, Medical sector solutions, Escrow arrangement solutions, Logistics sector solution. In addition to the decentralized applications developed by Smilo, we also encourage our community to develop decentralised applications – there are no special requirements to start developing decentralised applications on the Smilo platform. For example the medical sectorhas cases of several patients records being processed everyday which are confidential but might be expose when human failure occur but with Smilo platform patients records can be kept in blockchain and can only be accessible with the private key.
The social funding considers transparency and trust as the key in this sector, when a benefactor makes anonymous donation the Smilo platform has the option to make the transaction private, product tracking uses technology supply chains to products provenance thereby making the supply chain transparent. Smilo makes sure that the product authentication record came from its right source. In this Smilo platform information being transferred are trustworthy, the insurance sector in Smilo blockchain platform have different benefactors in the global insurance industrythereby creating room for businesses that can benefit from opacity and byzantine operating standards.
The blockchain technology from this sector benefits when trust is lacking or bad, and the public sector is where transparency and trust should be at its highest point, take for instance, the government don’t share its tax records with the world. In order to make the government transparent its personal file can be private while its expenses are made public using the smart contract platform. As a Smilo token holder, you have the following privileges; receive SmiloPay, voting for network parameter changes. You will be able to vote for the following; Changing the price of Tax fees, Changing the price of smart contract execution fees, Changing the price of smart contract deployment fees. Each block of the Smilo blockchain generates twenty SmiloPay tokens, which will be distributed amongst Smilo holders.
The intent of Smilo is to create a full-featured hybrid blockchain platform which hosts smart contracts and decentralized applications. In the first instance, the Smilo tokens will add value to the platform in two ways which are; (1) Smilo tokens willinfluence the Smilo network, Smilo tokens generate SmiloPay tokens. (2) Due to the unique possibilities of the Smilo platform, we expect a booming decentralised application market. The main purpose of Smilo technical background is to create a full-featured blockchain platform which hosts hybrid transactions, smart contracts, and decentralized applications.
Organizations which implement the hybrid technology offerings of the Smilo platform can show their benefactors the exact course of their donations through public smart contracts while using private smart contracts to keep open the option to donate anonymously. Smilo platform combines public and private smart contracts on one chain. Applications and ecosystem Smilo offers a platform for a wide range of possibilities in many areas: Industry applications, financial applications, Semi financial applications, Governance applications. The industrial market has already shown their interest in the many advantages of blockchain technology.
ADVANTAGES OF SMILO
Smilo utilizes Byzantine strength in addition to (BFT +), BFT is quicker and progressively proficient, yet both are not impeccable. The standard BFT and PoS instrument isn't the most dependable accord system. Smilo has a standard BFT system, making a one of a kind accord component Smilo BFT +. Component is a totally secure, quantifiable, quick and strong exchange. So this Smilo has numerous focal points, including:
1 Transparent: clients can follow exchanges all the more straightforwardly utilizing this innovation.
2 Corruption: with every exchange
3 Sustainable: green square stage utilizing Smilo BFT + convention.
4 Privacy Protection: through shrewd contracts and crossover exchanges
5 Security: BFT + Smilo offers preferred security over the past component.
6 Fast and Scalable: this stage will be multiple times quicker than ethereum or different stages
7 Available: Smilo gives exchanges a lot less expensive installment.
USE OF THE PLATFORM
A few instances of utilizing the Smilo stage:
DECISIONS
Grin encourages safe after private decisions.
DELIVERY
Make it less demanding for givers to spend an OK premise.
MEDICAL RECORDS
Singular medicinal records are possessed and oversaw without anyone else and are accessible on demand related to therapeutic foundations and insurance agencies.
ECONOMIC NETWORK
There will be two sorts of tokens that move the system on this stage:
Grinned (image curtailed: XSM): produced by the Smilodon square - the primary square of the square chain, is a portrayal of the offers claimed by the client,
SmiloPay (curtailed image: XSP): creates each square after the Smilodon square, is a methods for paying for Smilo organize administrations and administration charges
The nearness of Smilo token holders is qualified for get profits as SmiloPay tokens.
Token Sale and Distribution
Out of the 184 million tokens that is produced 32% will be for private sale and 10% for public sale, also 14% will be reserved for the team while another 32% will be for the Smilo foundation and lastly the remaining 8% will be for community bounty. $18 million USD is expected to be generated during the sale of 42% of the total token produced during the initial coin offering and this money will be put to the best possible use as 55% of it will be development of the platform and 21% will for marketing purpose, 12% will be for business development and 10% will be for operational expenses and finally 2% will be kept for legal.
CONCLUSION
The Smilo platform built by multi skilled and accessible team makes transparency, collaboration, dedication and straightforwardness its aim, thereby removing fake advisor and bringing in actual contributors. Smilo blockchain platform don’t sell theory without tangible and verifiable data, and significantly it develops a varied user base with large amount of transactions that can guarantee sufficient scalability, speed, security, and low transaction cost which will be executed in a sustainable way. If you are interested in investing in the world of cryptocurrency to reap huge profit and avoid loss of your hard earned capital we encourage you to carefully read through this article and ponder deeply about the benefit that you can gain when you become part of the Smilo ecosystem. Smilo consists of strategy and multiple parts that make it to be decentralize, hybrid, fast, safe, cheap, and sustainable. The benefits are mouthwatering that any right thinking person who will definitely want to make profit from his/her investment through cryptocurrency will not want to miss this grand opportunity.
For More Information please visit
https://smilo.io/
https://smilo.io/files/Smilo_White_Paper_Latest.pdf
https://smilo.io/#roadmap
https://twitter.com/SmiloPlatform
https: //www.facebook .com / SmiloPlatform /
https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
https://t.me/SmiloPlatform
Published by: Cryptowin1
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