The world has witnessed an overwhelming interest in Blockchain in various industries around the world, from dozens of hundred new startups, to dedicated blockchain labs that can be seen in both commercial and federal institutions, or to multiple consortia set up for the solve the biggest challenges of their sector.
Blockchain technology maintains a large level of detail in its administration for all financial and non-financial transactions. Blockchain technology minimizes the chance that misinformation or manipulated information is spread over the network. One of the best parts for discussion about public blockchain is that it is generally not controlled by one particular entity. Each participant or entity is given the opportunity to share or generate copies. Although some see it as a force, it is also considered a major drawback, because only few claim it is not safe enough.
Fortunately, Blockchain technology can be used in three different ways: public, private and hybrid. Although much has been said and discussed about public and private blockchain, hybrid blockchain technology remains unaffected and is relatively a 'fresh' term.
Smilo is a revolutionary "hybrid" blockchains platform that can host hybrid transactions, smart contracts and decentralized applications. Low energy consumption ensures the sustainability of the Smilo blockchain, making it eco-friendly. This is achieved with a hybrid consensus mechanism based on the Proof of Stake (PoS) and the Byzantine Fault Tolerance Plus (BFT +).
Meanwhile, a unique Smilo Network Protocol (SNP) ensures scalability, enabling a network to be created that is 100 times faster than Ethereum. Smilo will offer low costs, total decentralization and full Ethereum blockchain and smart contract compatibility. Smilo blockchain eliminates the mistakes of its predecessors and brings blockchain technology closer to massive acceptance.
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 fully functioning blockchain platform that will host hybrid transactions, smart contracts and decentralized applications. The developers claim that their solution can be applied in the following areas: medical sector, product tracking, insurance sector, logistics, etc.
Smilo uses a unique and homemade The Byzantine Fault Tolerance Plus (BFT +), BFT is the same as Proof or 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 completely safe, measurable, fast and durable. So that with this Smilo has many advantages including:
Transparent: users can follow transactions more transparently by using this technology
Anti-corruption: with transparency, it can minimize or even eliminate corruption in any transaction.
Sustainable: green blockchain platform via the 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 offers transactions with a much cheaper fee
THE SMILO TOKENS
The system uses two tokens: Smilo token (XSM) and SmiloPay token (XSP). The Smilo tokens form an integral part of the Smilo network. They represent the personal shares of users and the power to influence the network. SmiloPay tokens are used to pay all service costs. Used as a service fee to register or change assets. These service costs are then evenly distributed among all Smilo owners, which means that SmiloPay is distributed by the system.
Token Name: Smilo Token
Token Symbol: XSM
Total delivery: 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