Yoc is a fully decentralized platform. Its main function is an opportunity to create and place smart contracts and the decentralized applications on its basis. It is difficult to overestimate the advantages of these applications since they minimize any risks connected with different types of activity. The management of finance when the ICO is carried out, service insurance, trade, logistics, the creation of partner programs, the creation of new platforms for gamblings are the most popular spheres of use of these contracts and applications nowadays. It is an incomplete list of potential opportunities of the blockchain technology use. The Yoc platforms allow involving in a simple and convenient way to use the full resources of the most modern and advanced technologies existing nowadays.
New opportunities for crowdfunding
The new platform provides an absolutely new approach to crowdfunding. By means of the YOC platform, you have an opportunity to exclude a trust component between you as a future supplier of goods or service and the investor, to which whether it is peculiar to doubt decision-making to invest own money in the realization of your idea. You have an opportunity to create such conditions, having provided their smart with the contract which will allow storing money of the investor, the conditions stipulated in him won’t be satisfied yet. At the same time, you can avoid the need to have the centralized arbitrator, the center of exchange of information or any other tool which needs to trust. In the same way, you can control the distribution of remunerations to investors who have supported your project at his early stage, and now have to receive all that is due to them.
Apps The Yocoin platform is also not deprived of the ability to create and deploy Decentralized apps based on it. Principal categories of these apps are: The First category – financial apps that provide users with powerful ways to manage contracts and award of contracts for their assets. Examples of such apps – sub currencies, financial derivatives, hedging contracts, savings wallets, wills and even some types of employment contracts. The Second category – semi financial apps, apps involving also non-monetary tangible benefits; perfect example here is self-executing rewards for solving significant computing tasks. The Third category – non-financial apps such as online voting and decentralized management.
What offers Yocoin platform and how it works?
Yocoin is a full-fledged platform for guaranteed processing. The main advantages can be stated as follows: user authentication through cryptographic signatures; fully customizable transaction logic and state changes; is resistant to DDoS attacks; no single point of network failure; history of all network activities is stored in the public domain in decentralized distributed database (Blockchain).
YoCoin YOC Mining
The coin is generated through mining using CPU or GPU and doesn’t require a ASIC miner as is the case with mining bitcoin. Mining YoCoin can be done in two ways:
- YoCoin solo mining
- YoCoin pool mining
It’s highly recommended that when one is ready to mine this coin they do so by joining a pool which is a large group of individuals who come together to solve a mathematical equation. Rewards are usually distributed to pool members depending on work sent.