Network speed
Among the blockchain community, the concept of scalability is currently in debate. A lot of blockchain-based platforms are struggling with a lot of transactions. Bitcoin is an example that can only handle three to four transactions in a second. Because blockchain is growing to become more mainstream, there is a need for the blockchain to upgraded to have a capacity of processing more transactions per second. The Smilo platform solves this problem. Theoretically, SMilo is able to handle more than 8,000 transactions per second, but you have to understand that this theoretical amount of transactions can only be reached with 16-second block times.
Security
Whenever a computer initiates any transaction, the system uses a digital signature for authenticating the purpose. Though the protection layer can offer a strong enough encryption to secure the current changes, they will fail to withstand the quantum computers.
What is quantum computing?
These are very powerful machines that take a totally new approach to processing information. They are built on the quantum mechanics principles, and this makes them exploit complex and very fascinating laws of nature that are mostly in occurrence but remain hidden from us. By employing such natural behaviors, quantum computing is able to run new kinds of algorithms in processing information more holistically. We expect that in the future they will be able to lead into revolutionary breakthroughs in drug discovery as well as materials. Also, they will help in the optimization of artificial intelligence as well as complex man-made systems.
Why is quantum computing a threat to cryptography?
Quantum computing technology can allow a computer to be so powerful that it can crack modern cryptography and this means that a quantum computer can be powerful enough to be able to generate a private key from any corresponding public key. This possibility leads to major challenges to all cryptographical mechanisms specifically to the Rivest-Shamir-Adleman (RSA) algorithm and Elliptic Curve Cryptography (ECC) that are based on the cryptographic mechanism. Theoretically, quantum computers are able to solve the enormous sum of decomposition problems that RSA runs on, and that means they can unravel the elliptic curve discrete logarithm on which the ECC depends on.
Smilo anti-quantum cryptography
Smilo has a lattice-based cryptographic mechanism. Currently, quantum computers are not able to quickly solve the shortest vector problem as well as the closest vector problem which are the basics of the Smilo platform’s cryptography.
Clients
The Smilo platform is accessible via clients with many use cases. The typical user is most likely to need the light client, while in case of the developers will need the full node client. The full and light node clients will be available for Windows, Mac OS as well as Linux platforms.
Full node client
The full Smilo ecosystem client is the developers’ solution. Any full user can download the blockchain among each other via a peer-to-peer network and enable the ability to install public and private smart contracts.
Web client
The web client version is a lightweight Smilo platform client. This does not require you to make an installation nor act as a network node. It only connects to other peers who are available on the network via an internet connection. It does not store private keys.
Light client
The light client is a lightweight Smilo ecosystem client. This client does require installation process and will be available for Windows, Mac OS, and Linux. The light client is not able to act as a network node because it only connects to other peers who are online via an internet connection.
Android and iOS client
This allows you as a user to access the Smilo platform whole you are on the go. The mobile client will be available on both iOS and Android platforms.
Hardware wallet
In the future, Smilo will support hardware wallets for the web client and light client.
for more information contact:
Website: https://smilo.io
white paper: https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5039760.0
Twitter: https://twitter.com/SmiloPlatform
Facebook: https: //www.facebook .com / SmiloPlatform
Youtube: https://www.youtube.com/channel/UCZyW2kPmlB4dwdO0yI3qQuA
Telegram: https://t.me/SmiloPlatform
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2382238