YayProto - Decentralized Money Transfer System

The main problems of the world translation system is billions of dollars are not involved in the translation system because of its inefficiency, lack of transparency - it is not always clear how the transfer commission is formed and why it is a specific amount, rather than some other, lack of simple and convenient access to the global financial market.
To solve all of the above problems, YayProto developers are planning to create the first "public" banking system, in which all transactions will be stored in blocks of block, cryptographically protected. In fact, the YayProto platform will be created for private transactions, bypassing traditional banking with its high commissions.
What is Yayproto?
It is the world's leading multipurpose binary protocol based on decentralized blockchain technology in Indonesia. Yayproto also created a beta SDK to build a mobile app (iOS / Android) that is ready to be distributed as follows:Amazing Messenger with chat, audio and video call, conference,P2P-Money transfer platform ,Marketplace for local businesses ,markets, any kind of physical business that wants to be online, High level privacy and security with encryption keys stored in blockchain.

Protocol


Block YayProto is a cooperative ledger that can change the conditions, done by licensed nodes and confidence, and can handle several thousand or several tens of thousands of transactions per second. This reaches this kind of thing by executing an on-client contract and verifying ultimately with a 90% consensus algorithm in the creation of each new block. Blockchain does not need to put a complete history of all transactions, because it can be stored on the side chain by the actor who is responsible for doing so.

End-to-end encryption (ECC)


End-to-end encryption guarantees that data is firmly transferred between end points. Usually, end-end encryption procedures include some form of special endpoint verification to avoid MITM attacks. For example, one may delegate the authority of the warranty or confidence nets.
An alternative technique is to generate cryptographic hash (fingerprint) based on a common user key that communicates or a secret key with. Some parties compare their fingers using out-ofband channels that bear the integrity and authenticity of communication (but not necessarily confidentiality), beforehand start their conversation. When the fingerprints fit, there is a theory, no man in the middle.
Time is shown for human control, fingerprints are generally encoded into hexadecimal strings. This string is then formatted into groups of distinctive features for easy reading. In the YayProto issue, the public key will also be stored in the blockchain as well as each network participant can check the authenticity of the button, to avoid MiTM attacks.
Features
  • Built-in messenger
  • Built-in p2p of the money transfer crowd as well as the loan base
  • Purse
  • Software tools for developers to create unique and interesting products and services that match the daily lives of billions of people
Information about ICO
PRE-ICO
12 February 2018-26 March 2018
Minimum capital (Soft Cap): 500 ETH
The maximum capital (Hard Cap): 1700 ETH
Price of the Token: 0.00008333 ETH
ICO
April 23, 2018-20 May 2018
Minimum capital (Soft Cap): 8,000 ETH
The maximum capital (Hard Cap): 46 000 ETH
Price of the Token: 0.00013333 ETH
50% - the main stage of the ICO;
15% - implementation during the PRE-ICO;
10% - the project team;
10% - consultants and advisers;
10% - developer support program;
5% are members of the bounty campaign.
The collected investments will be used as follows:
development of the platform - 45%;
developer support program - 15%
operating expenses - 15%;
Marketing expenses - 13%;
legal support - 10%;
other costs - 2%.
By the way, the fund of the bounty campaign looks quite solid - 5%. More information about participating in a token or bounty campaign on the official website of the project.
Roadmap
Screenshot_110.png
Team
For More Information Please Visit Here :

Eth Address: 0x20A89b32E2d643395D8Bc33Db1558750424Cd2c3

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