Ties.DB, as a public, open-source smart database, focuses on providing a platform on which business professionals can socialize in a businesswise manner. Individuals can, thus, make use of the blockchain technology to store large amounts of data that can be easily retrieved and managed by users in the blockchain. According to IBC Group, a leading expert in blockchain technology, ‘blockchain is earning its much-touted role as a disruptive, transformative technology for generating, sharing, accessing, and protecting digital information.’
Smart database explained
Individuals are able to see and access all data, on the public smart database. However, the data is secure since only the owners of that data can delete or change it using their private keys or IDs. For each transaction, a user makes, data is recorded and every user is tied to their respective record. From there, the records are replicated and stored across multiple nodes. Even though every user can view the records in public, they can only be changed by the owners of those records.
Each node will earn TIE tokens every time they process a query, store and retrieve data. The users of the database will be the ones responsible for the payment of the queries, and this is done to prevent spam on the platform. Luckily, the fee for a query is almost negligible to the users.
To improve the performance of the platform, data is stored in the distributed cloud and blockchain is left to store private keys for users, which act as verification IDs. This way, every user will have a verification ID, which will be used to sign transactions and modify them the way they want. In short, if you do not have a verification ID to a particular transaction, you cannot modify or delete that data.
Ties.DB has both private and public keys, where the private key is for improving security and transparency, while the public key is for enhancing speed and efficiency. In this case, the private key is for the on-chain node, while the public key is for the off-chain node. This implies data that is kept in the blockchain and in the distributed cloud, respectively.
The system enables the storage and utilization of DAPPS and the blockchain-related projects by the respective developers.
A platform for businesses to strike deals through smart contracts
Ties.DB secures a platform on which business professionals can meet and strike deals through smart contracts. In such a platform, individuals do not need to have the expertise in developing DAPPS and blockchain related applications. In the aspect of smart contracts, it can be used as follows:
- Maintain product or company reputation – There will be proof of transaction history and thus eliminate fake testimonials.
- Transparency in trading – Makes it easy to trade any asset while knowing all of its details in full via the smart contract.
- Efficiency in social networking – Ability to find like-minded trading partners who are genuine and reputable via smart contracts.
- Improve crowdfunding and token sale in a secure and efficient manner.
- Efficient when recruiting professionals – Through smart contracts, you will be able to headhunt for professionals in specific fields that you need to hire.
Ties.DB and CREDITS partnership
CREDITS is an open source blockchain company which is based on independent smart contracts. In early February 2018, both Ties.DB and CREDITS went into partnership, where the former would make use of the CREDITS’ autonomous smart contracts and API. This would help Ties.DB to access its public database over CREDITS’ blockchain, directly. It will, also, benefit from the fast payment processing ability that CREDITS’ private blockchain has more than 1 million transactions per second.
On top of that, most applications such as privacy checks, authentication, and settlement will migrate to the blockchain, which will improve cross-border trades, thanks to decentralization of the same.
ICO(Initial Coin Offering) is the popular crowdfunding technique that has rendered helping hands to the popular blockchain-based projects like Ethereum.
ICO token sale can help start-up as well as established businesses to kick-start their development process and make their innovative project ideas into reality.When you’re choosing the ICO Development Company to take-off your dreams, you must pick them wisely with appropriate vital features.
In this post, we will take you through the checklist of essential aspects of professional ICO development company to make your dreams reality!Top 5 Key Features of ICO Development CompanyTechnical HistoryWorldwide StrikeMarketing ProficiencyTrust-free FinancialsWhitepaper CraftingFor More--> http://isabellaaria.mystrikingly.com/blog/never-choose-the-ico-development-company-for-your-project-without-these
The most awaited launch date of ICO sales for K-Chain tokens is finally out and live.
Yes, We will be live from March 13.
It is an ERC-20 token running on an Ethereum blockchain.
It is expected to be enlisted along with the vogue of Bitcoin, Ethereum, Ripple, etc.
Cornerstone Features of KCT making it IndisputableKCT comes along with enticing features that cut down all the barriers on its way up to join the already existing leading cryptocurrencies.
KCT is made relevant and procurable all over the world.KCT can be transferred in an effortless manner similar to the P2P transactions we practice on a daily basis.The KCT wallet does not have restrictions on other cryptocurrencies; it supports all the significant cryptos.KCT will be enlisted on the most prominent P2PB2B like Probit, Bittrex, Beaxy, and Kraken.
But, it is always advisable to invest in reliable ICO projects.
You can go through these points that will help you check its reliability-team of investors, comprehensive whitepaper, token distribution, legalities, and products and services offered.
It will start from $1 at the pre-ICO sale, then $1.25, then $1.50, and so on.
A gradual increase in the price of tokens can be noticed here.
Capital AppreciationBacked by a basket of products, Etherdieum will generate revenue from multiple sources.
This ensures that the Etherdieum Coin continuously accumulated value because the assets pledged against the coin boast of their own intrinsic value.Price StabilityIn the long-term, Etherdieum is focused on ensuring the stability of the coin's value.This will help make Etherdieum Coin a good store-of-value while also making it favorable for commercial and day-to-day transactions.Convenience Given its decentralized and digital nature, it is easy for a user to access the Etherdieum platform without facing any geographic restrictions.