In 2013 in a white paper produced by Vitalik Buterin, a cryptocurrency researcher and programmer proposed Ethereum. In his white paper, Vitalik described Ethereum being a public, open source, and a blockchain based computing ecosystem featuring smart contract functions. Ever since the release of Ethereum in 2015, other projects have risen to host smart contracts and decentralized applications they are unable to host anonymous and public smart contracts. To have mass adoption of the blockchain, the Smilo team believes that there must be a connection between actual use cases and the blockchain. It is important to choose the most excellent platform to connect with you as a user to ensure that this connection is met. Recently there is no any suitable blockchain based computing platform that does not work well in the medical sector, nor that is all in one solution for all private escrow arrangements. The current smart blockchain based computing systems are all public, as I am sure that you prefer your medical records or escrow arrangements to be private.
Solution
In addressing the shortcomings, Smilo created an open-sourced, hybrid based computing platform that features hybrid transaction, hybrid smart contracts as well as hybrid decentralized applications. This is where the Smilo platform beats all other platforms.
What is the Smilo platform?
Smilo is the only blockchain platform that combines hybrid transactions, hybrid smart contracts as well as decentralized applications. The hybrid refers to both public and private. Smilo aims to use blockchain technology in creating an alternative protocol for decentralized applications.
What is Smilo’s unique selling point?
Smilo has the unique strength that comes from the combination of several features. The major features are the hybrid transaction, hybrid smart contracts as well as the decentralized applications. No, any other platform has yet combined these features.
Business overview
The basic team of the Smilo platform is made up of eleven members with different backgrounds and professionals. In addition to the team, the Smilo platform consists of over 200 developers who work for Smilo via freelance partnership. The leader of the platform has an experience of over 30 years of business and It.
Technical background
The major target of Smilo is to develop a full-featured blockchain platform which will combine the hybrid transaction, hybrid smart contract as well as hybrid decentralized applications. The platform is created using java from scratch, and it will always remain as an open source platform.
Token management
This new hybrid Smilo platform will consist of two types of tokens that will drive the network. These are:
• Smilo tokens
• SmiloPay tokens
Smilo tokens are a fraction of the Smilo network as they represent your personal shares that give you the power to influence the network. SMiloPay tokens are the means with which you can pay all service fees and upkeep with the Smilo network. There are 299 million Smilo tokens to be created, and these will generate 200 million SmiloPay tokens.
The Smilo platform addresses the measure issues that are facing other blockchain running platforms that prevent you from using them due to lack of privacy. Smilo platform is created to keep your information private while making the necessary part of the information public, unlike other blockchain platforms.
Website : https://smilo.io
Whitepaper : https://smilo.io/files/Smilo_White_Paper_Latest.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=5039760.0
Telegram : https://t.me/SmiloPlatform
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