Smilo the hybrid blockchain platform with conscience
Individuals have become the moral gatekeepers in society, demanding sustainable products and services, while privacy, transparency, and security need to be guaranteed.
Due to this societal shift towards accountability and transparency, businesses, governments, and institutes are directed to transition to a more sustainable state.
In light of these developments, we identified the need for a hybrid blockchain platform. A platform that provides these public entities with the right tools to reaffirm their relationship with its stakeholders, warranting transparency whilst protecting the individual’s personal data.
This is where Smilo comes into play! Smilo will safeguard the privacy of any individual's data whilst warranting full transparency from the organisations that these individuals interact with.
SMILO HYBRID BLOCKCHAIN
Smilo is a revolutionary “hybrid” blockchains platform that will be able to host hybrid transactions, smart contracts and decentralized applications. Low power consumption will ensure the sustainability of the Smilo blockchain, making it eco-friendly. This is achieved with a hybrid consensus mechanism that is based on the Proof of Stake (PoS) and The Byzantine Fault Tolerance Plus (BFT+).
Meanwhile, a unique Smilo Network Protocol (SNP) will ensure scalability, enabling to create a network that is 100 times faster than Ethereum. Smilo will feature low fees, total decentralization and complete Ethereum blockchain and smart contracts compatibility. Smilo blockchain eliminates the mistakes of its predecessors, as well as bringing blockchain technology closer to mass adoption.
Smilo blockchain platform can power both private and public blockchain networks and Decentralized Applications. The Smilo team states that their goal is to develop a full-featured blockchain platform that will host hybrid transactions, smart contracts, and decentralized applications. The developers claim their solution can be adopted in the following fields: medical sector, product tracking, insurance industry, logistics, etc.
Smilo uses a unique and self-made The Byzantine Fault Tolerance Plus (BFT+), BFT is the same as Proof of Stake (PoS) faster and more efficient, but both were not perfect. The standard BFT and PoS mechanism is not the safest consensus mechanism. For this, Smilo has improved the standard BFT mechanism by creating a unique Smilo BFT + consensus mechanism. The mechanism is fully safe, measurable, fast, and sustainable transactions. So that with this Smilo has many advantages including:
Transparent: Users can monitor transactions more transparently, By using this technology
Anti Corruption: With transparency, it can minimize or even eliminate acts of corruption in each transaction
Sustainable: Green blockchain platform via Smilo BFT + protocol.
Privacy protection: Through smart contracts and hybrid transactions
Secure: Smilo's BFT + offers better security than the previous mechanism.
Fast and Scalable: This platform will be 100 times faster than ethereum or other platforms
Affordable: Smilo provides transactions with a much cheaper fee
THE SMILO TOKENS
The system will employ two tokens: Smilo token (XSM) and SmiloPay token (XSP). The Smilo tokens are an integral part of the Smilo network. They represent users’ personal shares and power to influence the network. SmiloPay tokens will be used to pay all service fees. Used as a service fee to register or change assets. This service fee will then be distributed proportionally to all Smilo owners, which means that SmiloPay will be circulated through the system.
Token Name: Smilo Token
Token Symbol: XSM
Total supply: 200,000,000 XSM
Tokens for Sale: 84,960,000
Price in ICO: 1 Smilo = 0.25 USD
SoftCap: USD 2,500,000
HardCap: USD 18,000,000
TEAM. ADVISORS. PARTNERS.
Smilo is being developed by an experienced, multi-skilled, ambitious and accessible team. The overal attitude is one of transparency, collaboration, dedication and straight forwardness. No fake advisors but actual contributors, no corporate name dropping but actual value adding partnerships.
Here are the reviews I present to you all in finding information and knowing the SMILO project currently being run by their team, if there is any lack of explaining this article, do not worry, I have set up a link for you to get accurate information. information and of course you will be able to talk directly with or their team, at the link.
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