Crypcore
What is the purpose of Crypcore?
Stable coins are created to overcome the problem of volatility, because the adoption of cryptocurrency is an obstacle around price stability. Stable coins have worked well since joining the cryptocurrency room, but there are still many improvements ahead. Especially in the field of cryptocurrency coins. This article discusses the possibility of making crypto-resistant collapsible coins that combine pure crypto exchangers, solvency systems and Cryptonote protocols. Crypcore is a crypto asset creation that provides a solvency system that eliminates wild price fluctuations and allows Crypcore to grow. Crypcore is basically a combination of cryptographic digital assets with a solvency system to ensure price stability.
Problems and Solutions
Too much power on the publisher's side. The issuing organization can effectively withdraw stable coins from circulation at any time. For example, the Omni tether protocol can provide and revoke tokens that are presented on a blockchain. With Crypcore, this is not possible because of the technology on which Crypcore is based.
Excessive emission. The big problem with the most stable coins is that they are issued in the same way as central banks spend money, which makes them vulnerable to excessive problems and subject to inflation. Crypcore will not have such problems, because the amount outstanding is determined by emissions. The logic of the Cryptonote protocol is visible to everyone.
Unstable Virtual Oath: Virtual oath itself is unstable, so using it to support stable coins is difficult and confusing. At the end of this article, you will see how Crypcore hopes to solve this problem.
This is strictly regulated: stable coins with Fiat binding are tightly regulated and limited to outdated banking systems.
Expensive and slow liquidation and purchases. Eliminating stable coins can be slow, because with the most stable coin provider you need to transfer money to your account, which will require bank fees. Purchases can also be slow, because sometimes you have to go through the KYC procedure and transfer money, which can sometimes take days.
Sophisticated smart contract: for cryptographic digital assets such as Maker Dai, there is a problem of understanding. For ordinary daily users, the conditions may look too complicated. Crypcore will introduce a very simple solvency equation system with clear equations and parameters.
How does Crypcore work?
The branched crypcore of Monero, which is built on cryptographically secure guarantees and is completely anonymous with price fluctuations.
For this, Crypcore is a stable coin, which is fundamentally different from traditional stable coins. We will call it Dynamic Stable Coin (DSC). Crypcore will receive a deposit from the commission charged on the Crypcore exchange, this fee will be added to the Crypcore coin deposit, thereby always increasing the deposit and maintaining the stability of the Crypcore price. Crypcore should not be considered as a traditional coin with a stable currency, but as a new and innovative approach to achieve price stability in the cryptocurrency space.
Kryptonote protocol
The Cryptonote protocol is an application layer protocol designed to solve problems related to the Bitcoin protocol. Cryptonote first appeared in 2012, and on October 17, 2013, a completely new documentation was published. The most popular coins based on the Cryptonote protocol are Monero (Crypcore forks from Monero) and bytecoin. Cryptonote is based on the cryptographic work "Traceable Ring Signature" made by E. Fujisaki and K. Suzuki.
Crypcore wallet
Crypcore aims to be accessible to non-technical users, wallets for various platforms will be provided. There will be desktop wallets, command line wallets, hardware wallets and web wallets. After completing the Web Wallet, wallet development for Android and iPhone will begin. The web wallet is currently under development, you can find the screenshot below.
Crypcore exchange
Sharing Crypcore will play a very important role in managing the price of Crypcore. There will be non-standard things on Crypcore Exchange for this. A very simple solvency equation will determine the value of Crypt. In ordinary stable coins, tokens are issued by the main organization, but the Crypcore exchange will not be able to make tokens, but rather every coin is mined. 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 is mined and stored on the Crypcore exchange. Edging held by the exchange will not be considered as extraordinary.
Roadmap
- Q2 2019. Ideas for implementing and researching private financing in the amount of US $ 50,000
- Q3 2019 Architectural Design and White Paper Publication
- Q4 2019 Launch of Crypcore Instant Exchange Launch of Explorer block Start trading Crypcore on the exchange
- Q1 2020 Launches Web Wallet
- Q2 2020 Launch Mobile Wallet
- Q3 2020 Launches New Features for Crypcore Exchange
team
- Terryp:
Leading developer Terrip has more than a decade of experience in developing and reviewing web security.
- Zonner:
Web and mobile designers. Fifteen years of design and development experience.
information
AUTHOR
Username : baim107
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2552437
ETH: 0x9aBc8b8a8AAA9d4Bb4c1E797e1Ed2Edf39A7124e
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