Category Archives: Whitepapers Decoded

Vipstar Coin White Paper Explained Summary

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Vipstar Coin White Paper

Summary:

-The Vipstar Coin (VIPS) white paper is an informative document that provides detailed information about the Vipstar Coin (VIPS) project.
-The white paper covers the philosophy behind the project, the problem it is trying to solve, and the solution proposed by Vipstar Coin (VIPS).
-The white paper is a valuable resource for anyone interested in learning more about Vipstar Coin (VIPS) and its potential applications.

Explained – Vipstar Coin White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Vipstar Coin white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Vipstar Coin (VIPS).

Lets understand Vipstar Coin (VIPS) after going through the Vipstar Coin white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

Vipstar Coin White Paper

Vipstar Coin (VIPS) white paper will be going to provide you, all the information that is needed to get started with Vipstar Coin (VIPS), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Vipstar Coin (VIPS).

Introduction

VIPSTAR COIN (VIPS) was born in an internet community ‘Nyusoku VIP in 5channel on February 17, 2018. Upon the launch initiated by Horizon Naito, VIPS gained immediate attention and popularity. Currently, VIPS is evolving every day by volunteer VIPPERs with various talents. *Horizon Naito Its the name of a characterized emoticon, which is one of the most popular character and the mascot of the Nyusoku VIP” ( ニュー速 VIP) board on 5channel *VIPPER Participants of Nyusoku VIP” board is called VIPPER, and take pride in their identity as a VIPPER

White Paper Link: Vipstar Coin White Paper

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SmartMesh SMT White Paper Explained Summary

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SmartMesh SMT White Paper

Summary:

-SmartMesh (SMT) is a new technology that has the potential to revolutionize the way we interact with the internet and other devices.
-We will deep dive into how the coin works by understanding the whitepaper and its summary. SmartMesh (SMT).
-The SmartMesh SMT white paper will be going to provide you, all the information that is needed to get started with SmartMesh (SMT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by SmartMesh (SMT).

Explained – SmartMesh SMT White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the SmartMesh SMT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. SmartMesh (SMT).

Lets understand SmartMesh (SMT) after going through the SmartMesh SMT white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

SmartMesh SMT White Paper

SmartMesh SMT white paper will be going to provide you, all the information that is needed to get started with SmartMesh (SMT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by SmartMesh (SMT).

Introduction/Abstract

White Paper Link: SmartMesh (SMT) White Paper

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GlitzKoin GTN White Paper Explained Summary

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GlitzKoin GTN White Paper

Summary:

-the aim of the GlitzKoin GTN White paper is to provide information about the philosophy behind the GlitzKoin (GTN)
-the White paper covers the inspiration for creating GlitzKoin, the problem it is trying to solve, and the solution proposed by GlitzKoin (GTN)
-the paper highlights the need for transparency, visibility and objectivity in the diamond Industry and how GlitzKoin focuses on integrating the best features of the conventional diamond Industry with blockchain technology.

Explained – GlitzKoin GTN White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the GlitzKoin GTN white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. GlitzKoin (GTN).

Lets understand GlitzKoin (GTN) after going through the GlitzKoin GTN white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

GlitzKoin GTN White Paper

GlitzKoin GTN white paper will be going to provide you, all the information that is needed to get started with GlitzKoin (GTN), including the inspiration for creating, the problem it is trying to solve and the solution proposed by GlitzKoin (GTN).

Abstract

Blockchain technology and Crypto currencies are transforming the world and the Diamond industry is no exception. Despite some nascent efforts, no blockchain ecosystem focused on the diamond industry has been designed that encompasses the various issues faced by the industry.

The need for transparency, visibility and objectivity in the diamond industry was felt many decades ago. The need for person to person contact when processing a diamond purchase or sale, limited the size of the market.

GLITZKOIN focuses on integrating the best features of the conventional diamond industry with, the utility and functionality of the latest blockchain technology.”

White Paper Link: GlitzKoin (GTN) White Paper

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Agrocoin AGRO White Paper Explained Summary

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Agrocoin AGRO White Paper

Summary:

-The global food crisis of 2007-2008 led to an increase in demand for food, which in turn led to an increase in world food prices.
-The crisis spurred investment in the agricultural sector in developing countries.
-However, the investment flow alone was not enough. In order for the agricultural sector to continue developing, managers and workers need to be properly trained.
-The problem of forming professional personnel for the agro-industrial domain is one of the most important aspects.
-The modern agro-industrial sector needs to increase the prestige of cluster members and make the sector more attractive to beginners and experienced specialists.

Explained – Agrocoin AGRO White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Agrocoin AGRO white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Agrocoin (AGRO).

Lets understand Agrocoin (AGRO) after going through the Agrocoin AGRO white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Agrocoin AGRO White Paper

Agrocoin AGRO white paper will be going to provide you, all the information that is needed to get started with Agrocoin (AGRO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Agrocoin (AGRO).

Introduction

The global food crisis of 2007– 2008 was characterized by a sharp increase in demand and, consequently, in world food prices. Demand did not find a corresponding increase in supply due to insufficient productivity of world agriculture.

This was a consequence of low investment in agricultural production over the previous three decades. The crisis prompted investors to increase the volume of investments in the development of the agrarian sector of the economy throughout the world.

After that, there was a trend of growth for foreign direct investment (FDI) in agriculture industry of the developing countries, primarily with significant land and other natural resources.

Of course, the investment flow alone was not enough. In modern conditions, the continuous and progressive development of the agroindustrial complex depends on the professionalism of managers and the availability of skilled workers. Consequently, the problem of forming professional personnel for the agro-industrial domain is one of the most important aspects.

This requires a deep study of the specifics, identification of appropriate professional training and necessary knowledge and skills of personnel. Due to numerous legal and economic difficulties, very few manufacturers enter the international market and the lack of necessary competition allows them to adjust easily to the prices of their goods.

In this regard, other manufacturers have to compete only in domestic markets and repack them. This significantly reduces the cost of farmers efforts and inevitably leads to a decrease in the prestige of the labor sector.

Of course, this cannot contribute to the influx of all the necessary specialists in the sector, since the majority of workers do not see prospects for themselves and retrain for related areas.

In the modern agro-industrial sector, there is a need to increase the prestige of cluster members, increase its attractiveness for beginners and experienced specialists, streamline international and domestic trade, which will imply a transparent and adequate evaluation of goods thus solving logistics problems and creating and strengthening long-term bilateral agreements.”

White Paper Link: Agrocoin (AGRO) White Paper

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Insight Protocol INX White Paper Explained Summary

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Insight Protocol INX White Paper

Summary:

-insight protocol INX is a blockchain service that focuses on user compensation
-it was created in Order to address the problem of content creation for the purpose of reward
-the company seeks to create a balanced ecosystem of content creation and content consumption
-the first DAPP created by the company is BlockInsight
-the insight protocol will launch a variety of content curation DAPP, followed by BlockInsight

Explained – Insight Protocol INX White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Insight Protocol INX white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Insight Protocol INX.

Lets understand Insight Protocol INX after going through the Insight Protocol INX white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Insight Protocol INX White Paper

Insight Protocol INX white paper will be going to provide you, all the information that is needed to get started with Insight Protocol INX, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Insight Protocol INX.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

Introduction

Since the 2000s, various online services and mobile app services have emerged as a result of the online mobile craze. As some platforms attract users, much of the entire advertising market has become monopolized by service platforms.

With the advent of the blockchain, the idea of sharing revenue among service users against the advertising revenue monopoly of large service platforms has begun to emerge.

The blockchain service Steam-it, based on user compensation, has surpassed 1 million subscribers in two years since its launch in April 2016.

However, since most blockchain services had an content producer-oriented ecosystem, the problem of creating more information for the purpose of reward has often led to a real impact on sustainable growth.

The Insight protocol seeks simple reward governance, in which content is consumed (using DAPP services) in addition to the compensation structure of existing blockchain projects.

In the blockchain ecosystem, which focuses on content creation, the company aims to achieve stable growth by creating a balanced ecosystem of content creation and content consumption (using services).

Insight Protocol believes that services for compensation alone cannot be stable. We think the service itself should go up to the point where it can impress the user, and there should be additional rewards.

Using the value of blockchain clarity and tokenization, Insight protocol focuses on service usability rather than technology, focusing on more user-friendly real-world services.

With the launch and operation of the first DAPP, BlockInsight, we are projecting to develop an upgraded version of Insight Protocol.”

The Insight protocol will launch a variety of content curation DAPP, followed by BlockInsight, which will create an ecosystem where information producers and service users can be compensated and developed in a balanced manner.

White Paper Link: Insight Protocol INX White Paper

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Haven Protocol XHV White Paper Explained Summary

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Haven Protocol XHV White Paper

Summary:

-Haven protocol is a privacy-Focused blockchain platform that enables the creation of private, anonymous, synthetic currencies and commodities.

-Haven protocol is built on top of Monero, which is widely considered to be the leader in privacy technology.

-the Haven protocol White paper provides an overview of the platform, its features, and its potential applications.

Explained – Haven Protocol XHV White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Haven Protocol XHV white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Haven Protocol (XHV).

Lets understand Haven Protocol (XHV) after going through the Haven Protocol XHV white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Haven Protocol XHV White Paper

Haven Protocol XHV white paper will be going to provide you, all the information that is needed to get started with Haven Protocol (XHV), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Haven Protocol (XHV).

Introduction

Bitcoin paved the way for electronic peer-to-peer currency. It was the first digital currency to successfully implement a distributed ledger of transactions based on cryptographic proof over trust.

More recently, with the realisation that all wallets and transactions in Bitcoin and many other cryptocurrencies are visible to all who care to look, the demand for private transactions and privacy coins has grown.

Haven is built on top of Monero, which is widely considered to be the leader in privacy technology. Haven therefore inherits all of Moneros privacy features, including ring signatures and Bulletproofs.

It extends that functionality by providing private, anonymous, synthetic currencies and commodities (xAssets) which can only exist through the burning” of the Haven base currency – $XHV. Welcome to Haven – Private Decentralised Finance.”

White Paper Link: Haven Protocol (XHV) White Paper

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Kingdom Game 4 KDG White Paper Explained Summary

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Kingdom Game 4 KDG White Paper

Summary:

-The Kingdom Game 4.0 KDG white paper provides an in-depth look at the philosophy behind the game, the problem it is trying to solve, and the solution proposed by the game.

-The white paper is an important resource for understanding the game and its potential.

-The game is designed to help players connect with game developers and publishers, and to create an ecosystem where players can buy, sell, and trade games.

-The game is built on the blockchain, which allows for a secure and transparent ecosystem.

-The game has a lot of potential and can help players create a more secure and trusted ecosystem for Industry 4.0 applications.

Explained – Kingdom Game 4 KDG White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Kingdom Game 4 KDG white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Kingdom Game 4.0 KDG.

Lets understand Kingdom Game 4.0 KDG after going through the Kingdom Game 4 KDG white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Kingdom Game 4 KDG White Paper

Kingdom Game 4 KDG white paper will be going to provide you, all the information that is needed to get started with Kingdom Game 4.0 KDG, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Kingdom Game 4.0 KDG.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

Introduction

Kingdom Game 4.0 is one of the first in the blockchain game market NFT helps bring game players to blockchain game projects by providing the most optimal solutions connecting professional gamers, casual game players, game publishers through the Kinglive platform – The Leading NFT Game Streaming platform with NFT marketplace.

With the adaptation of the revolutionary blockchain technology, KDG is creating a brand new platform where there is an inseparable connection between game developers, gamers, and networks of distribution systems.

White Paper Link: Kingdom Game 4.0 KDG White Paper

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Linear LINA White Paper Explained Summary

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Linear LINA White Paper

Summary:

– Linear LINA is a non-custodial, cross-chain compatible, delta-one asset protocol.

– The aim of Linear LINA is to increase inclusiveness and democratize access to investment assets (digital and traditional).

– Linear LINA combines technical experience from numerous crypto projects with financial experience in exotic and structured assets from traditional global asset management firms.

– Linear LINA will allow users to build and manage spot or portfolio exposures with a slew of innovative digital and traditional financial products.

– Linear LINA is backed by an Ethereum-based Linear Token (LINA) with synthetic assets built on other EVM compatible chains first and other prominent blockchains in the long run.

– The collateralized assets are subsequently pooled to enable instantaneous liquidity and serve as a counterparty.

– LINA holders within the debt pool will obtain pro-rata fees from the building of Liquids.

– The LINA token will adopt an inflationary model to enhance staking incentives and will have liquidity mining programs to encourage usage of the exchange and stability of the pool.

Explained – Linear LINA White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Linear LINA white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Linear LINA.

Lets understand Linear LINA after going through the Linear LINA white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Linear LINA White Paper

Linear LINA white paper will be going to provide you, all the information that is needed to get started with Linear LINA, including the inspiration for creating, the problem it is trying to solve and the solution proposed by Linear LINA.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

Abstract

Linear Finance (Linear”) is a non-custodial, cross-chain compatible, delta-one asset protocol. Linears long term DeFi vision is to increase inclusiveness and democratize access to investment assets (digital and traditional). Tremendous value exists in the ability for investors to easily and quickly invest, save fees, and secure assets at fair market value.

Linear combines substantial technical experience from numerous crypto projects with extensive financial experience in exotic and structured assets from traditional global asset management firms to bring to market one of the first DeFi projects built upon Ethereum with cross-chain compatibility. Linear will allow users to build and manage spot or portfolio exposures with a slew of innovative digital and traditional financial products.

Linear is backed by our Ethereum-based Linear Token (LINA) with synthetic assets built on other EVM compatible chains first and other prominent blockchains in the long run, making the staking, investing, and redemption process easier, quicker and with substantially lower transaction fees whilst maintaining access to the Ethereum DeFi ecosystem.

Linear is a non-custodial cross-chain compatible DeFi protocol with unlimited liquidity and serves in the creation of synthetic assets (Liquids) with zero slippage. The backbone to Linears protocol is our collateralized debt pool, backed by our Linear token (LINA), and eventually other digital and real world assets. Users who have provided collateralized assets to the debt pool are able to build” Linear USD (ℓUSD) which can then be used to purchase synthetic assets (Liquids) on our exchange.

The collateralized assets are subsequently pooled to enable instantaneous liquidity and serve as a counterparty. LINA will also be a governance token enabling holders to vote on distribution models, assets to be listed, oracle selection, pledge ratio etc. LINA holders within the debt pool will obtain pro-rata fees from the building of Liquids.

The LINA token will adopt an inflationary model to enhance staking incentives and will have liquidity mining programs to encourage usage of the exchange and stability of the pool. Synthetization of assets will focus on cryptocurrencies, commodities and, more importantly, traditional assets such as market indices and thematic theme exposures.

The long term vision of Linear is to provide a platform for any user to gain exposure to a wide range of assets without slippage and settlement time. Furthermore, Linear Finance will act as a reliable gateway with the adoption of cryptocurrency we saw in 2020 and the collaboration of Decentralized Finance (DeFi) and Centralized Finance (CeFi). Applications can be developed on top of Linear for CeFi / DeFi composability.

White Paper Link: Linear LINA White Paper

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YOYOW White Paper Explained Summary

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YOYOW White Paper

Summary:

-YOYOW is a blockchain-based Network that aims to quantify participants contribution and give reciprocal value to participants in the content producing sector with decentralized consensus methods.

-YOYOW is designed for establishing a rational content-generated value distribution mechanism and a value Network based on users ratings on content.

-any content platforms (including but not limited to websites and Apps) are eligible to create the corresponding content-oriented value platforms based on the YOYOW network.

-content producers, content supporters, curators and builders of the content ecosystem will be recognized according to the YOYOW ecoenvironment and users ratings of content.

Explained – YOYOW White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the YOYOW (YOYOW) white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. YOYOW (YOYOW).

Lets understand YOYOW after going through the YOYOW white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality

YOYOW White Paper

YOYOW (YOYOW) white paper will be going to provide you, all the information that is needed to get started with YOYOW (YOYOW), including the inspiration for creating, the problem it is trying to solve and the solution proposed by YOYOW (YOYOW).

Introduction

YOYOW, named from You Own Your Own Words”, is a blockchain-based network aiming to quantify participants contribution and give reciprocal value to participants in the content producing sector with decentralized consensus methods so that content producers, content supporters, curators, and consumers of the content ecosystem can be provided with incentives and reciprocal returns as appropriate.

YOYOW is designed for establishing a rational content-generated value distribution mechanism and a value network based on users ratings on content. Any content platforms (including but not limited to websites and APPs), regardless of their themes presented in the format of text, video, image, audio or live broadcast, etc., are eligible to create the corresponding content-oriented value platforms based on the YOYOW network. Content producers, content supporters, curators and builders of the content ecosystem will be recognized according to the YOYOW ecoenvironment and users ratings of content.

White Paper Link: YOYOW White Paper

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DERO White Paper Explained Summary

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DERO White Paper

Summary:

-The Dero Project has written a new blockchain technology that is based on the DAG and CryptoNote protocol with double spend protection.

-DERO is a new, experimental blockchain technology written in Golang with a focus on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain.

-The goal is to create a unique state of the art blockchain technology with enhanced Reliability, Privacy, Security, Usability, and Portability by bringing together some of the best proven technologies like CryptoNote Protocol and Smart Contracts, thereby allowing for the creation of Private Smart Contracts.

-Smart contracts allow for direct contract execution without a third party.

-Truly private smart contracts are a unique feature offered by DERO that other projects to date (October 2, 2018) do not offer.

-Dero accomplishes this by keeping all aspects of the transaction, smart contract, and users details private on the original blockchain without the need to trust sensitive or otherwise private information to second layer or off-chain solutions.

Explained – DERO White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Dero white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Dero (DERO).

Lets understand Dero (DERO) after going through the Dero white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Dero White Paper

Dero white paper will be going to provide you, all the information that is needed to get started with Dero (DERO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Dero (DERO).

Introduction

The Dero Project has written a unique new blockchain technology that is based on the DAG and CryptoNote protocol with double spend protection.

DERO is a new, experimental blockchain technology written in Golang with a focus on enhanced Privacy and Smart Contracts while maintaining the transparency and security of the blockchain.

The goal is to create a unique state of the art blockchain technology with enhanced Reliability, Privacy, Security, Usability, and Portability by bringing together some of the best proven technologies like CryptoNote Protocol and Smart Contracts, thereby allowing for the creation of Private Smart Contracts.

Blockchain is an open, distributed ledger that can record transactions between two parties efficiently, and in a verifiable and permanent way. CryptoNote Protocol uses a distributed public ledger that records all balances and transactions of its in-built currency like Bitcoin.

Unlike Bitcoin, CryptoNotes transactions cannot be followed through the blockchain in a way that reveals who sent or received coins. The only people with access to the whole set of data about a transaction are the sender or receiver of the transaction.

A smart Contract is a protocol intended to facilitate, verify, and enforce the negotiation or execution of a digital contract. Smart contracts allow for direct contract execution without a third party.

These transactions are trackable and irreversible. Smart contracts were first proposed by Nick Szabo in 1994. For more details about Blockchain, CryptoNote Protocol, and Smart Contract see:

Blockchain

CryptoNote

CryptoNote Specs

Smart Contract

Some brief examples of what a smart contract is capable of managing without third-party intervention include: access authorization to a physical object like a building or internet-of-things (IoT) devices, asset management, trading, ticket purchasing, or share distribution.

In some instances, an individual or organization would prefer not to reveal the details of the transaction or contract (i.e. participants, amounts, and contract terms) to the rest of the world. Dero brings true privacy to smart contracts for the first time on any blockchain.

Truly private smart contracts are a unique feature offered by DERO that other projects to date (October 2, 2018) do not offer.

Dero accomplishes this by keeping all aspects of the transaction, smart contract, and users details private on the original blockchain without the need to trust sensitive or otherwise private information to second layer or off-chain solutions.

White Paper Link: Dero White Paper

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