What is the purpose of Crypcore?
Stable coins were created to solve the volatility problem because of the obstacles in price stability with cryptocurrencies. Stable coins have performed well since joining the cryptocurrency field, but there are still many improvements to be made. Especially in the field of cryptocurrency, coins are collateral. This article discusses the possibility of making a mortgage-stable cryptocurrency that combines a pure cryptocurrency exchange, a solvency system, and a Cryptonote protocol. Crypcore aims to create crypto assets that can implement a solvency system, thereby eliminating price volatility and providing Crypcore with growth opportunities. Crypcore is basically a combination of encrypted digital assets guaranteed by a solvency system to ensure price stability.
Problems and solutions
The publisher's power is too great: the issuer can effectively remove stable coins from circulation at any time. For example, the Omni protocol from the tether can give and revoke tokens represented on the blockchain. For Crypcore, this is not possible because of Crypcore-based technology.
Over-issuance: The biggest problem with the most stable coins is that the way coins are issued is the same as the way the central bank spends money, which makes it vulnerable to over-issuance and inflation. Crypcore does not encounter this problem because the outstanding amount is determined by the launch logic of the Cryptonote protocol and can be seen by everyone.
Unstable virtual collateral: Virtual collateral is inherently unstable, so using it to support stable coins is both difficult and confusing. At the end of this article, you will see how Crypcore hopes to solve this problem.
Highly regulated: Fiat's stable coins are strictly regulated and restricted by the old banking system.
Expensive, slow liquidation and purchase: Clearing a stable coin can be slow, because with the most stable coin provider, you need to transfer funds to your account, which will incur bank charges. Buying can also be slow, because sometimes you have to perform a KYC program and send money, sometimes it takes a few days.
Complex Smart Contracts: There are comprehensible questions about secured digital assets like Maker Dai. For ordinary everyday users, the term may seem complicated. Crypcore will apply a very simple system of soluble equations with easy-to-understand equations and parameters.
How does Crypcore work?
Crypcore is based on the encryption-based and completely anonymous cryptocurrency protocol Monero. Crypcoreecosystem integrates solvency equations, pure cryptocurrency exchange and Cryptonote protocol to give coins a stable price and a stable price, while collateral with price fluctuations The average increase.
To this end, Crypcore is a stable coin that operates in a fundamentally different way than traditional stable coins, which we call Dynamic Stabilized Coins (DSC). Crypcore will receive a guarantee from the fees charged by the Crypcore exchange, which will be added to the Crypcore coin guarantee, so it will always increase the guarantee and maintain the stability of the Crypcore price. Crypcore is not a stable token for traditional cryptocurrencies, but a new and innovative way to achieve price stability in the cryptocurrency sector.
Cryptographic currency protocol
The Cryptonote protocol is an application layer protocol created to solve problems related to the Bitcoin protocol. Cryptonote first appeared in 2012 and released a white paper breakthrough on October 17, 2013. The most popular coins based on the Cryptonote protocol are Monero (taken from Monero's Crypcore) and bytecoin. Cryptonote is based on the encryption work " Traceable Signature Ring" by E. Fujisaki and K. Suzuki.
Crypcore wallet
Crypcore's goal is to be available to non-technical users and will provide wallets for a variety of platforms. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After the development of Web Wallet for Android and iPhone Wallet is completed, it will begin. The web wallet is currently under development and you can find screenshots below.
Password exchange
The Crypcore exchange will play a very important role in managing the price of Crypcore. To this end, Crypcore Exchange must operate in an unconventional manner. A very simple solvency equation will determine the price of the crypt. Under normal circumstances, stable coins are issued by major organizations, but the Crypcore exchange will not be able to make tokens, but will mine all tokens. This is because the privacy and security of our users is very important. In order for Cryps to maintain its value, the initial money supply was mined and held by the Crypcore exchange. The crypts held by the exchange will not be considered outstanding.
Roadmap
Q2 2019 Idea of Realization & Research of personal funds of $ 50,000
Q3 2019 Architectural Design & Whitepaper publications
Q4 2019 Launch Crypcore, Instant Launch, Block launch, Explorer, Start, crypcore, exchange on the exchange
Q1 2020 Launch Web Wallet
Q2 2020 Launch Mobile Wallet
Q3 2020 Launch new features for Crypcore Exchange
Team
Terryp:
Lead Developer Terryp has more than ten years of development experience and web security expertise.
Zonner:
Web and mobile designers. Fifteen years of design and development experience.
information
Wallet Address: 0x4d62578fF637878dbd0B980053a30Ee72A48966e
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