iOlite is the name of a blockchain network providing organization working for creating a bridge to the language gap. It has a universal translation platform among humans and machines to make the system indispensable for everyone using it. This system is triggered by the blockchain and smart contracts as powerful technologies.
This can drastically reduce the business operational costs increasing efficiency expanding the operational capabilities. The entire process of writing smart contracts can go lengthy, expensive and risky because of bugs in the codes. This may cause some substantial financial damage to the system.
The collaboration to the blockchain uses some methods. This works as soon as someone puts forward the proposal to the author informing about the community with a desire to implement the features. The authors also implement the features in the staging segments as the users of the networks lock their tokens while referring the other authors profile for their future proposals. They are called promoters whoever is dealing with the system.
The authors also have ranking system depending on the total number of locked tokens to this profile. The promoters also have the authority to revoke the locking system of tokens at any time they want or they can lock it too. Even the foundation servers the attention to the authors with a larger number of tokens to lock it for a longer period of time and this can be done through the profile.
The condition of the boundary adopts some changes to the network as the foundation gives attention to the proposal of the authors. This can be enough for the tokens to lock on the authors profile with the reference to such proposal as it becomes a candidate to enter into the system basis.
The foundation can carry out the manual moderation system as well. The contracts can mine for the parts of commissions as it goes to the features used in the source code of the contract. The condition is valid as long as it is based on the solutions. The rewards can be received through authors divided among the promoters according to the PoS rules. The only problems are the author has a number of promoters to receive minor rewards. The problems also come with the solution with the good reason for looking into the newer talents so that the authors can become their promoters by raising their ranks.
iOlite has some benefits for being a part of the system. This includes the Decentralized Apps developers or shortly it is known as DApp. By taking part in the system it can minimize the risks of being a failure. It also reduces the required number of resources launching token sales programs.
the programmers and mainstream professionals can write the smart contracts without any blockchain language training as it creates the DApps, BOTs and many more. The business method comprises with the usage of benefits to the blockchain and smart contracts by sparing the additional costs of employee training. Even trading smart-contracts creation with fees can also be a part of it. The contributor can be benefitted by getting compensation on approval of codes for getting recognition to the users.
Additionally, the programmers of iOlite platform can have the niche of smart contract development to the handful of programmers. The factors can be combined as the barriers take entries to seek the implementation of the blockchain technological solutions. The users of the service become aggravated while using the platform which is the goal of the platform too.
Website : https://iolite.io/
Twitter page : https://twitter.com/iOliteLabs
Whitepaper : https://iolite.io/documentation
Telegram : https://t.me/iolite
