PYCOIN MEDIA - Decentralized Privacy Platform For Secure Smart Contracts
"Owing to its Turing incompleteness, Simplicity is amenable to static analysis that can be used to derive upper bounds on the computational resources needed, prior to execution. While Turing incomplete, Simplicity can express any finitary function, which we trust is enough to build useful “smart contracts” for blockchain and blockchain-free decentralized applications."
Pycoin is a privacy that maintains a zero-based decentralization platform for writing, testing and implementing mathematically verifiable smart contracts in Python that behave the way they want. Unlike Ethereal's smart contracts with recurring hacking histories and stolen funds, hundreds of millions of dollars, Pycoin ensures that no time errors or intentional / accidental bugs can be used as an exploit to steal corrupt funds and Pycoin's smart contracts. Pycoin can also be used as a platform to launch a number of next-generation decentralization applications such as scalable desentralized exchange (DEXs), automatic hedge funds and darkpools.
Pycoin uses simplicity, newly typed combinations, language combinations, functional without loops and recursion, designed to be used for crypto-currency applications and blocking applications as target languages and Python, a very popular and versatile high-level programming language as the source. .Simplicity was released recently by Blockstream, an influential decentralized enterprise development application. Due to Turing's incompleteness, its simplicity is in accordance with static analysis that can be used to obtain the upper limit of computational resources required, prior to execution. While Turing is incomplete, simplicity can express every final function, which we believe is sufficient to build "smart contracts" useful for decentralized blockchain and barrier-free applications.Pycoin will bind to DexOs which is a model blockchain algorithm that can not be mapped further and is based on the OrchOr architecture. Pycoin is simultaneously placed in DAG Based on blockchainfree network, Networks branched from XRB (Nano / Raiblocks), cryptocurrency without DAG based cables.Bridge SyncBridge interconnector with the code name "SyncBridge" will be implemented for interaction between this DAG-based network and realtime blockchain network by running secure smart smart contract in Pycoin (Metacontract).
Use Cases of Pycoin
Pycoin has got a number of real world uses. Primarily it can easily replace less-secure Ethereum smart contracts written in Turing Complete Solidity language. Being Turing Incomplete Pycoin is many times more secure than Ethereum Contracts. In terms productivity, since Pycoin is based on an interpolation of Python language known as PyLegal, Pycoin will be more appealing to more than 4 million Python developers worldwide. It would cut the learning curve short for creating secure smart contracts(SSCs) in PyLegal.
Pycoin has got a number of real world uses. Primarily it can easily replace less-secure Ethereum smart contracts written in Turing Complete Solidity language. Being Turing Incomplete Pycoin is many times more secure than Ethereum Contracts. In terms productivity, since Pycoin is based on an interpolation of Python language known as PyLegal, Pycoin will be more appealing to more than 4 million Python developers worldwide. It would cut the learning curve short for creating secure smart contracts(SSCs) in PyLegal.
Privacy-preserving Currency and Confidential Global Payment System
Pycoin will have quantum-safe privacy layer zkSTARK implemented in it making it virtually immune to censorship, cryptanalysis and chain analysis for ferreting out payer and payee information as well as payment data by most powerful supercomputers and even quantum computers/quantum circuits in the foreseaeble future.
Pycoin will have quantum-safe privacy layer zkSTARK implemented in it making it virtually immune to censorship, cryptanalysis and chain analysis for ferreting out payer and payee information as well as payment data by most powerful supercomputers and even quantum computers/quantum circuits in the foreseaeble future.
Unmanned DEXs
Unmanned Decentralized Cryptoasset Exchanges can be built using Pycoin platform. These unmanned DEXs will be infinitely scalable by design with built-in atomic swaps of both blockchain-based and blockchainfree cryptocurrencies/cryptoassets and can’t be controlled or blackmailed by any centralized authorities.
Unmanned Decentralized Cryptoasset Exchanges can be built using Pycoin platform. These unmanned DEXs will be infinitely scalable by design with built-in atomic swaps of both blockchain-based and blockchainfree cryptocurrencies/cryptoassets and can’t be controlled or blackmailed by any centralized authorities.
Large-scale Federated IoT Networks
Pycoin empowers IoT Node owners and IoT device manufactures to implement and monetize securely share private/public IoT resources available on demand by building Federated IoT Networks without revealing any private and identifiable confidential data. Such Network members can be incentivized for sharing statistical aggregated data in Pycoin or Colored Pycoin/Appcoin. This will also make machine to machine micropayments instantaneously and seamless.
Pycoin empowers IoT Node owners and IoT device manufactures to implement and monetize securely share private/public IoT resources available on demand by building Federated IoT Networks without revealing any private and identifiable confidential data. Such Network members can be incentivized for sharing statistical aggregated data in Pycoin or Colored Pycoin/Appcoin. This will also make machine to machine micropayments instantaneously and seamless.
Realtime Gaming
Realtime gaming engines, online casinos and gaming apps can be built on Pycoin platform that can scale to tens of millions of users without associated cost of sever and costly maintenance of centralized cloud infrastructure.
Realtime gaming engines, online casinos and gaming apps can be built on Pycoin platform that can scale to tens of millions of users without associated cost of sever and costly maintenance of centralized cloud infrastructure.
Automated Betting & Lottery Pools
Pycoins will enable ordinary folks to build private/public betting and lottery pools for optimal high-probability of winning odds for crypto-betting and for buying lottery tickets to guarantee the highest RoIs.
Pycoins will enable ordinary folks to build private/public betting and lottery pools for optimal high-probability of winning odds for crypto-betting and for buying lottery tickets to guarantee the highest RoIs.
Decentralized DNS Clusters
One can leverage Pycoin and its underlying binary chains of DAG and DexOS for assigning human-readable names to IoT nodes, machines, biometrically identifiable humans, secure smart contracts, platforms and so on.
One can leverage Pycoin and its underlying binary chains of DAG and DexOS for assigning human-readable names to IoT nodes, machines, biometrically identifiable humans, secure smart contracts, platforms and so on.
Tokenized Financial Assets and Derivatives Contracts
Pycoin can tokenize all global/local remittances, payments, trading and hedging. Pycoin can also be used to create automated and decentralized financial instruments - such as derivatives, bonds, commodities, debt instruments and securities denominated in both cryptocurrencies and fiat currencies.
Pycoin can tokenize all global/local remittances, payments, trading and hedging. Pycoin can also be used to create automated and decentralized financial instruments - such as derivatives, bonds, commodities, debt instruments and securities denominated in both cryptocurrencies and fiat currencies.
Automated Hedge Funds
Autonomous Goal-driven and Self-managing Crypto-Hedge Funds with portfolios of fiat assets and cryptoassets under their management. These automated funds will not require constant supervision of human fund managers to run investment operations profitably in a sustainable way. The preferred risk-reward profiles and choices made by investors/LPs will be followed and executed strictly without any scope for discretionary violations.
Autonomous Goal-driven and Self-managing Crypto-Hedge Funds with portfolios of fiat assets and cryptoassets under their management. These automated funds will not require constant supervision of human fund managers to run investment operations profitably in a sustainable way. The preferred risk-reward profiles and choices made by investors/LPs will be followed and executed strictly without any scope for discretionary violations.
Crypto darkpools
Autonomous Cryptodarkpools for providing privileged peer to peer trading facility and emergency liquidity support to high-frequency/low-frequency wholesale cryptoasset investors/traders.
Autonomous Cryptodarkpools for providing privileged peer to peer trading facility and emergency liquidity support to high-frequency/low-frequency wholesale cryptoasset investors/traders.
Temporal Insurance Products
Insurance companies will be able to provide temporal liability insurance using permissioned version of Pycoins. For instance, using Pycoin, an insurance company could charge rates differently based on where and under what conditions customers are operating their vehicles. A car driven on a clear day (ascertained by gathering information about the weather conditions from a weather service), in an area where all the roads are repaired (verified with information about road repairs supplied by the Department of Motor Vehicles, for instance), would be charged a lower rate compared with a car that's being operated in bad weather, perhaps on pothole-filled roads.
Insurance companies will be able to provide temporal liability insurance using permissioned version of Pycoins. For instance, using Pycoin, an insurance company could charge rates differently based on where and under what conditions customers are operating their vehicles. A car driven on a clear day (ascertained by gathering information about the weather conditions from a weather service), in an area where all the roads are repaired (verified with information about road repairs supplied by the Department of Motor Vehicles, for instance), would be charged a lower rate compared with a car that's being operated in bad weather, perhaps on pothole-filled roads.
Global Supply chain
Pycoin will also be useful in the supply chain. One can execute contracts that say, If a consumer receives cash on delivery at this location in a developing, emerging market, then this other product, many, many links up the supply chain, will trigger a supplier creating a new item since the existing item was just delivered in that developing market. Pycoin can be leveraged by logistic and shipping companies to power crewless unmanned cargo ships and coordinate global flow of goods and materials.
Pycoin will also be useful in the supply chain. One can execute contracts that say, If a consumer receives cash on delivery at this location in a developing, emerging market, then this other product, many, many links up the supply chain, will trigger a supplier creating a new item since the existing item was just delivered in that developing market. Pycoin can be leveraged by logistic and shipping companies to power crewless unmanned cargo ships and coordinate global flow of goods and materials.
Realtime Video Communication capable Anonymous Web Infrastructure
Pycoin enables realtime anonymous protocol for video calling, video chat and videoconferencing as well as for encrypted voice and texts.
Pycoin enables realtime anonymous protocol for video calling, video chat and videoconferencing as well as for encrypted voice and texts.
Conclusion
The vision of the near or far future and the strategic plan itself is not a blueprint for the future but the way to prepare an organization to pay more attention to the changes and the constant possibilities that occur in the present.
The vision of the near or far future and the strategic plan itself is not a blueprint for the future but the way to prepare an organization to pay more attention to the changes and the constant possibilities that occur in the present.
Token Supply
Total coins planned to be launched: 62,000,000,001
Maximum Supply (Hardcap): 62.000.000.001 Reserved for developers and implementing teams : 9,000,000 Creator- Owned
Bounty: 2,000,000,000
Owned Controlled Emissions (calibrated minting) to reward fellow users random-to-peer-validator payments: 26,000,000, 001 Limited Supply, with the amount set by the token sale.
Maximum Supply (Hardcap): 62.000.000.001 Reserved for developers and implementing teams : 9,000,000 Creator- Owned
Bounty: 2,000,000,000
Owned Controlled Emissions (calibrated minting) to reward fellow users random-to-peer-validator payments: 26,000,000, 001 Limited Supply, with the amount set by the token sale.
Roadmap
Phase 1-Testnet one-autumn 2018
Stage 2 - Testnet two winter 2018
Phase 3-Security Audit and Spring-Voltage Test 2019
Stage 4
Phase Mainnet launch consists of synchronized DOS binary DAG network (XRB / Nano branched) and Blockchain which can not be solved in realtime DexOS-summer 2019
Phase Mainnet launch consists of synchronized DOS binary DAG network (XRB / Nano branched) and Blockchain which can not be solved in realtime DexOS-summer 2019
Stage 5
Launch Backbone (codenamed ASB Alternative space Freedom) consisting of multiple mini and nano-statel sheets with router-based and distributed distributed transceivers to build alternative planetary infrastructure in Low Earth Orbit (LEO) and High Earth Orbit (HEO range -out of all major anti-satellite missiles-ASATS large armed nuclear states) to peer / scout / miner users and data storage applications and cryptocurrencies - between Winter 2019 and summer 2022.
Launch Backbone (codenamed ASB Alternative space Freedom) consisting of multiple mini and nano-statel sheets with router-based and distributed distributed transceivers to build alternative planetary infrastructure in Low Earth Orbit (LEO) and High Earth Orbit (HEO range -out of all major anti-satellite missiles-ASATS large armed nuclear states) to peer / scout / miner users and data storage applications and cryptocurrencies - between Winter 2019 and summer 2022.
Be a part of this tremendous project.
For more information, please visit here:
Website: http://www.pycoin.io/
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=2843903
Twitter: https://twitter.com/PycoinOfficial
Whitepaper: http://www.pycoin.io/static/whitepaper.pdf
Github: https://github.com/CLRPL/Pycoin
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