YOCOIN

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What is an Yoc platform?

Yoc is a fully decentralized platform. Its main function is an opportunity to create and place smart contracts and the decentralized applications on its basis.

It is difficult to overestimate the advantages of these applications since they minimize any risks connected with different types of activity.

The management of finance when the ICO is carried out, service insurance, trade, logistics, the creation of partner programs, the creation of new platforms for gamblings are the most popular spheres of use of these contracts and applications nowadays.

We often come up against situations when sharing of the servers is complicated using in the decisions traditional solutions. It happens for a reason. It is established on their own servers and it is based 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 exclude these shortcomings using a blockchain technology. This technology allows adjusting own knot which is capable to store information on a set of different computers with the other similar knots. At the same time, there is no discomfort in its usage. Attacks to such decentralized networks are very complicated. There is an enormous amount of the resources which has to be spent in order to complete it successfully, so it practically brings their probability to zero.

Cryptocurrency and wallet

The cryptocurrency is one of the components of the blockchain technology. The special wallet which allows storing safely the currency assets is developed for its use, and also it allows to keep and use the products developed with the help of smart contracts.

A modern language for creating the smart contracts and apps

You can design and issue your personal cryptocurrency
Solidity is a modern language which allows to create 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 created by means of the identical standard. They become automatically executed by any purse. The contract or the application uses the same standard.

YOU CAN CREATE:

A tradeable token with a fixed supply
A central bank that can issue money
A puzzle-based cryptocurrency

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 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.

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

How it work

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Yocoin is a full platform for guaranteed processing. The main advantages can be expressed as follows:
• User authentication via cryptographic signature;
• Completely transaction logic and adjustable status changes;
• Resist the DDoS attack;
• There is no single point of network failure;
• The history of all network activity is stored in the public domain in a decentralized distributed database (Blockchain).

Token Yoc and payment details.

Gas is the unit of measurement used to determine the amount of rewards for a particular computation. Gas price - is the amount of "yoc" you can spend on each gas unit. The gas price is measured in "GWei". Wei is the smallest unit of yoc, where 1018 Wei is only 1 yoc. One GWei equals 1,000,000,000 Wei.

For each transaction, the sender must set the gas limit, as well as the gas price. The gas price as well as the gas limit is the maximum number of Wei, which the sender is willing to pay for the transaction. Let's imagine the sender sets the gas limit of 50,000 GWei, and the gas price is set at 20 GWei. This means the sender is ready to spend up to 50,000 x 20 GWei = 1,000,000,000,000 Wei or 0.001 yoc for this transaction. gas limit - is the maximum amount of gas that the sender is willing to pay. The sender can make transactions as long as his account balance is sufficient to cover this maximum. Subsequently, the sender will be compensated for any losses associated with incomplete gas usage at the end of the transaction, with gas exchanged for the original value.