DexOs also differs from existing blockchains as it is designed never to fork. Transactions are verified before they are recorded on the blockchain. “The DexOs Blockchain is unforkable. Mainstream traditional blockchains do not order all blocks of transactions with each other. Instead, they tolerate that multiple blocks be appended at t he same index of the blockchain, hence causing what are known as forks. To prevent an attacker exploiting these forks to double spend in two of these blocks, these blockchains try to trim out these forks. Instead of curing of the forks, DexOS prevents them: the consensus among the participants occurs before a new block is added so that the blockchain remains a chain. DexOs is capable of processing millions of transactions per second coming from a potentially unbounded number of clients. It offers a performance that scales horizontally, which ensures the security of transactions. Compared to traditional blockchains which becomes slower and slower as network becomes crowded with more users and transactions, DexOs becomes faster and faster as more users join the network. ZkSTARK is a zero-knowledge protocol that stands for Scalable Transparent Argument of Knowledge. It enables an quantum-safe advanced technology of functional encryption known as scalable verification of computational integrity over confidential datasets. So you can basically run queries on encrypted and confidential datasets and still get mathematically verifiable answers without the need for decrypting those in the first place. This is the ultimate layer for accessing to information strictly on a need-to-know and authorized – to -know basis. Pycoin will have zkSTARK implemented in its global data-structures and datasets thereby making all Pycoin enabled applications including distributed IoT applications privacy- preserving functionally encrypted, hack-proof and quantum-safe by default.
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 foreseeable future.
Unmanned DEXs: Unmanned Decentralized Crypto asset 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/crypto assets 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. 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 infrastructureure. Automated Betting & Lottery Pools: Pycoin 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 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. Automated Hedge Funds : Autonomous Goal-driven and Self-managing Crypto-Hedge Funds with portfolios of fiat assets and crypto assets 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 dark pools : Autonomous Crypto dark pools for providing privileged peer to peer trading facility and emergency liquidity support to high-frequency/low-frequency wholesale crypto asset investors/traders.
Temporal Insurance Products: Insurance companies will be able to provide temporal liability insurance using permissioned version of Pycoin. 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. 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.
Jion with us
Bitcointalk account link- https://bitcointalk.org/index.php?action=profile;u=1305541
Eth adress- 0xbC5f49B9174D0B28B665D8F46190a391250707E3