Pycoin is a privacy preserving zero-knowledge protocol-based decentralized platform for writing, testing and deploying mathematically verifiable secure smart contracts in Python language that behave exactly as intended.Unlike Ethereum smart contracts with a history of repeated hacks and stolen funds,
hundreds and millions of dollars, Pycoin ensures that no run time errors or intentional/unintentional bugs can be used as exploits to steal funds and corrupt Pycoin smart contracts. Pycoin can be also used as a platform for launching a number of next generation decentralized applications such as scalable decentralized exchanges (DEXs),
automated hedge funds and darkpools. Pycoin uses Simplicity, a new typed, combinator-bas ed, functional language without loops and recursion, designed to be used for crypto-currencie s and blockchain applications as its target language and Python , a highly popular and versatile high-level programming language as its source.
Simplicity was released recently by Blockst ream, an influential decentralized application development company.
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Features
There are noticeable common features of DApps:
Open Source Ideally, it should be governed by autonomy and all changes must be decided by the consensus, or a majority, of its users. Its code base should be available for scrutiny.
Decentralized All records of the application's operation must be stored on a public and decentralized blockchain to avoid pitfalls of centralization.
Incentivized Validators of the blockchain should be incentivized by rewarding them accordingly with cryptographic tokens.
Protocol The application community must agree on a cryptographic algorithm to show proof of value. For example, Bitcoin uses Proof of Work (pow) and Ethereum is currently using PoW with plans for a hybrid PoW/Proof of Stake (PoS) in the future.
Token Details
Total coins planned to be launched : 62,000,000,001
Maximum Supply(Hardcap) : 62,000,000,001
Reserved for developers and founder team : 9,000,000,000
Reserved for Bounty Hunters: : ,2000,000,000
Reserved for Controlled Emission(minting) to reward peer-to-peer
Random users-payment validators : 26,000,000,001
Total To Be Distributed : 25 000 000 000
RoadMap
Official Website :
http://www.pycoin.io/
White Paper :
http://www.pycoin.io/static/whitepaper.pdf
Join Us on Telegram :
https://t.me/joinchat/AAAAAELD7jciV2TkouwTBA
Social Media Links :
Twitter : https://twitter.com/PycoinOfficial
Bitcointalk Thread :
https://bitcointalk.org/index.php?topic=2932429.0