BLOCKCHAIN TECHNOLOGY
Plenty of startups are now using blockchain for everything, from music sharing to global payments, from monitoring diamond sales to the legalized marijuana industry. This is why the technology has a vast potential. When it comes to digital transactions and assets, you can place anything on the blockchain.
Blockchain is basically a distributed database that keeps shared records. These records are blocks, and every block of encrypted code has a record of the block history before it. Each block includes time-stamped information on the transactions made down to the second. The effect is a chain of those blocks to get them together; hence, its name.
A blockchain has two major components: an immutable ledger that the network keeps, and a decentralized network verifying and facilitating transactions. Everyone with access to the network could see this shared transaction data, but there is no possibility that the records can be corrupted or hacked. This decentralized trust means there is no one organization that controls the data, be it a tech giant or a big financial institution.
CURRENT PROBLEM OF BLOCKCHAIN
Blockchain technology has the potential to revolutionize the world the same way the internet did- maybe even better. Already, it’s proving its capabilities in areas like finance, identity management, governance, asset management and many more. Blockchain network features such as; transparency, immutability, security, cost-effectiveness, and trustlessness will forever change the way institutions and individuals operate.
Nonetheless, most real-world businesses have been slow to adopt this technology because of two major challenges currently associated with it.
1. Connectivity
In a conventional crypto world, each Blockchain has to create a complete ecosystem with its users, native currency and DApps. This has resulted in Blockchains operating in silos, which makes it difficult for the networks to communicate with each other. And without connectivity, direct transfer of assets between Blockchains is indeed an uphill task.
As you can rightly guess, this lack of interoperability is a big hindrance to the mass adoption of Blockchain technology.
2. Scalability
Leading Blockchain networks such as Ethereum and Bitcoin have trouble supporting massive transactions on their network. Network congestion here often results to slow transactions and an increase in transactions fees.
Therefore any emerging Blockchain network hoping to host users at a global capacity and meet the practical needs of businesses has to increase its blocktimes tremendously.
YAMMY: THE REVOLUTION OF BLOCKCHAIN
Yammy is a revolutionary network of blockchains which intends to resolve the issues and create a high-performance blockchain which is scalable, lightning speed with zero cost, and allowing potential users to develop and run Net Services and apps based on On Yammy Network alternatives. This is achieved by leveraging smart contract and 3 layer technology, including:
1.Foundation Layer: Ethereum
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contracts developed and deployed in the Ethereum Virtual Machine (EVM) either by us to facilitate YMM token usage or by other independent developers. Ethereum is and always will be free and open for all to use, and has proven to be secure and sufficiently robust. YMM token transactions could be done on or near zero marginal cost. These YMM tokens will be transferred within a Master Booking Deposit Contract (“Master Contract”) to facilitate token transference according to the outcome of a shipment booking.
2. Intermediate Layer
The purpose of the Intermediate Layer is to bring the real-world business logic captured in the Application Layer into smart contracts with proper coding using the Solidity programming language; and to deploy the smart contracts into the Ethereum network. This layer should be organized in the form of modular Web3 JavaScript Application Programming Interface (API) in communication between the Foundation Layer and User Application Layer.
Yammy is in discussion with other third-party companies to integrate the YMM tokens into their own system. These companies, instead of using Yammy’ Application Layer, will enhance their own system to incorporate YMM token usage by calling Yammy’ Intermediate Layer APIs to move token in Yammy’s Foundation Layer.
3. Application Layer
The Application Layer provides user-friendly front-end interfaces to shipping industry participants. There should be no difference in user experience when using Yammy’ Booking Deposit Module comparing to using other shipping applications that most users are already familiar with. Hence, the industry users should find Yammy’ Booking Deposit Module easy to use.
Yammy aims to provide a user-friendly platform to increase user adoption of blockchain technology as a whole. Yammy platform built on top of a highly secure blockchain, integrating the mixture of different technologies. At Yammy, all crucial integration of blockchain technology service is ever on their fingertips. Yammy's team of experts works day and night to provide its clients a lifetime free flowing blockchain technology using the best decentralized tools available.
Yammy is scalable enough to sustain active operation of thousands of industrial grade DApps at the same time, while the military-grade security of the Yammy Platform ensures the stability of the network. Furthermore, each transaction within the Yammy Platform, is free of cost. There are no hidden charges involved. The transactions promptly arrive at the desired destination at a rapid speed.
YAMMY TOKEN (YMM & YMA)
The Yammy ecosystem will have two ERC-20 token standard, YMM & YMA token. YMM Tokens are used to complement the full range of Yammy services. While, YMA is fully mineable coin on Yammy's blockchain.
Phase One of the Project is to introduce YMM Tokens as an initiation of the project with intention to convert to its own blockchain during Phase Two of the Project development when Yammy Network’s mainnet will be introduced to public and mining of the YMA coin will start. While, Phase Three is about of practical implementations of Yammy Network’s services and Yammy Platform
The total YMM token supply is 100,000,000 tokens. The token will be distributed in the following manners:
YAMMY TEAM
Yammy’s core development team come from a range of technical backgrounds and strong capabilities in blockchain implementation. The Yammy Team consists of top experts in blockchain development in Europe, technical teams working on the underlying technology of different business systems (including the technical architecture of large financial institutions), and financial experts from global investment banks. The Yammy Team has built a universal, robust, and seamless distributed ledger technology framework through continuous technological innovation which will support the secure and stable operation of the public platform. The Yammy Team has been involved in the implementation of several benchmark blockchain projects both in Europe and internationally, including blockchain projects based on identity chains and digital assets.
Project contact information:
Website: https://yammy.network/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5093798.0
Bounty thread: https://bitcointalk.org/index.php?topic=5098028.0
Whitepaper: https://yammy.network/Yammy%20Network%20White%20Paper%201.0.pdf
Twitter: https://twitter.com/NetworkYammy
Discord: https://discord.gg/BnkthU
Reddit: https://www.reddit.com/user/Yammy_team
Telegram:
- Yammy Network Official Group: https://t.me/Yammynetwork_chat
- Yammy Network Official Channel: https://t.me/yammynetwork
- Yammy Network Official Bounty: https://t.me/Yammynetwork_Bounty
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Bitcointalk username: binar234
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2053245
Telegram username: @binar667
ETH address: 0x573E9730fe386661F91D9189A0330ce577df0175
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