💡 The idea of “smart contracts” in the modern world is a promising cloud #technology for storing various kinds of documents, contracts, contracts, etc.
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🔰 A smart contract’s purpose is to transmit information and ensure the fulfillment of the terms of the contract by both parties. Smart contracts make it possible to #safely exchange money, stocks, #property and other assets directly, without the participation of intermediaries.
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💫 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is an endless distributed registry with a developed #system of smart contracts, describing (formalizing) any event in human life, ranging from #buying and selling goods and services, recording logistic events, to tracking copyright and interacting with legal entities, including a number of self-executing transactions (smart contracts) in any field of activity.
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♻️ Thanks to the possibility of #smartcontracts, an n-dimensional (4-dimensional) #chain arises; when new type-properties of smart contracts appear, for example, in case of automatic conclusion of a transaction between several participants, when the chain is automatically closed, and a transaction is concluded between all participants.
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In parallel with the main Master_Chain, various independent chains are formed – these are smart contracts that organize the three-dimensional #distribution, for example:
1️⃣ — first smart contract — generation of tokens;
2️⃣ — second smart contract — sale of goods through the store;
3️⃣ — third— a crypto #exchange;
4️⃣ — fourth — delivery of goods, etc.
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✨ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
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The following smart contracts are currently implemented:
▪️ Signature of the document
▪️ Token generation
▪️ Storage of #tokens
▪️ Conducting #transactions
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The following features of the Relictum platform appear:
➖ Smart contract independently monitors whether all conditions of a #contract were fully fulfilled;
➖ Possibility to conduct operations with different #types of smart contracts, the possibility to generate new smart contracts with new type-properties or property-types;
➖ Already today, in the Relictum Pro #platform, a smart contract can be signed simultaneously between 10 counterparties.
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𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲 𝗶𝗻 𝗧𝗼𝗸𝗲𝗻 𝗦𝗮𝗹𝗲 𝗡𝗢𝗪!
🏮 Website: https://relictum.pro
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#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno
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🔰 A smart contract’s purpose is to transmit information and ensure the fulfillment of the terms of the contract by both parties. Smart contracts make it possible to #safely exchange money, stocks, #property and other assets directly, without the participation of intermediaries.
⠀
💫 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 is an endless distributed registry with a developed #system of smart contracts, describing (formalizing) any event in human life, ranging from #buying and selling goods and services, recording logistic events, to tracking copyright and interacting with legal entities, including a number of self-executing transactions (smart contracts) in any field of activity.
⠀
♻️ Thanks to the possibility of #smartcontracts, an n-dimensional (4-dimensional) #chain arises; when new type-properties of smart contracts appear, for example, in case of automatic conclusion of a transaction between several participants, when the chain is automatically closed, and a transaction is concluded between all participants.
⠀
In parallel with the main Master_Chain, various independent chains are formed – these are smart contracts that organize the three-dimensional #distribution, for example:
1️⃣ — first smart contract — generation of tokens;
2️⃣ — second smart contract — sale of goods through the store;
3️⃣ — third— a crypto #exchange;
4️⃣ — fourth — delivery of goods, etc.
⠀
✨ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
⠀
The following smart contracts are currently implemented:
▪️ Signature of the document
▪️ Token generation
▪️ Storage of #tokens
▪️ Conducting #transactions
⠀
The following features of the Relictum platform appear:
➖ Smart contract independently monitors whether all conditions of a #contract were fully fulfilled;
➖ Possibility to conduct operations with different #types of smart contracts, the possibility to generate new smart contracts with new type-properties or property-types;
➖ Already today, in the Relictum Pro #platform, a smart contract can be signed simultaneously between 10 counterparties.
⠀
𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲 𝗶𝗻 𝗧𝗼𝗸𝗲𝗻 𝗦𝗮𝗹𝗲 𝗡𝗢𝗪!
🏮 Website: https://relictum.pro
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#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno
Blockchain is a #revolutionary technology. It has the potential to make significant changes in many sectors of the #economy. However, before using this technology, it is worth evaluating its current problems.
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🔼The first problem blockchain technology may face is scalability. The problem is based on the inability of the #system to cope with a large flow of transactions in a minimum time period, which causes discontent among the mass of customers. The decrease in system throughput is associated with the presence of a programmed set value that defines the “#block size limit”.
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🔼The second problem is called “Attack of the majority” or 51%. The attack of the majority consists in the fact that an attacker gains more #mining power than all other #network members combined. Instead of mining new blocks with all participants, they will mine their own branching blockchain. In the end, according to the rules of bitcoin, a more complex branch wins and each node goes to the branch of attackers. All previously confirmed transactions that are not in the secret branch will be canceled, and attackers sent using them can be used by the attackers for their own purposes.
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🔼The third problem that should be considered is possible errors in #smartcontracts, which can affect the operation of the entire network. Smart contracts contain information about the obligations of the parties and fines for their violation, while guaranteeing the fulfillment of all conditions of the #contract.
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🔹In order to solve existing problems, we propose several changes in the #architecture of the blockchain, affecting communication protocols, network infrastructure, inter-network agreements, #consensus algorithms, and so on.
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〽️ 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 platform does not depend on the communication #method, it is just a node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used; it works over or on top of the #Internet.
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💠 Relictum blockchain platform uses a unique protocol based on the #TCP/IP protocol, in which a virtual communication channel with each node is formed over the Internet. The advantages of this network are its reliable stability and isolation from the general segment of the Internet. In this virtual channel, only #Relictum Pro information is transmitted, which increases the data #transfer speed several times.
🏮 Website: https://relictum.pro
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#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
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🔼The first problem blockchain technology may face is scalability. The problem is based on the inability of the #system to cope with a large flow of transactions in a minimum time period, which causes discontent among the mass of customers. The decrease in system throughput is associated with the presence of a programmed set value that defines the “#block size limit”.
⠀
🔼The second problem is called “Attack of the majority” or 51%. The attack of the majority consists in the fact that an attacker gains more #mining power than all other #network members combined. Instead of mining new blocks with all participants, they will mine their own branching blockchain. In the end, according to the rules of bitcoin, a more complex branch wins and each node goes to the branch of attackers. All previously confirmed transactions that are not in the secret branch will be canceled, and attackers sent using them can be used by the attackers for their own purposes.
⠀
🔼The third problem that should be considered is possible errors in #smartcontracts, which can affect the operation of the entire network. Smart contracts contain information about the obligations of the parties and fines for their violation, while guaranteeing the fulfillment of all conditions of the #contract.
⠀
🔹In order to solve existing problems, we propose several changes in the #architecture of the blockchain, affecting communication protocols, network infrastructure, inter-network agreements, #consensus algorithms, and so on.
⠀
〽️ 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 platform does not depend on the communication #method, it is just a node, and how the message is delivered does not matter. At the moment, _HyperNet's own communications technology is being used; it works over or on top of the #Internet.
⠀
💠 Relictum blockchain platform uses a unique protocol based on the #TCP/IP protocol, in which a virtual communication channel with each node is formed over the Internet. The advantages of this network are its reliable stability and isolation from the general segment of the Internet. In this virtual channel, only #Relictum Pro information is transmitted, which increases the data #transfer speed several times.
🏮 Website: https://relictum.pro
⠀
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
