Pycoin is a privacy that preserves the zero-knowledge-based decentralization platform for writing, testing and implementing smart contracts that can be mathematically verified in Python language that behaves exactly as desired. Unlike Ethereum's smart contracts with recurring hack history and stolen funds, hundreds and millions of dollars, Pycoin ensures that no run-time errors or intentional / accidental bugs can be used as an exploit to steal Pycoin's corrupt funds and smart contracts. Pycoin can also be used as a platform to launch a number of next-generation decentralized applications such as scalable desentralized exchange (DEXs), automatic hedge funds and darkpools.
Use Pycoin Case
Pycoin has got a number of real-world uses. Especially it's easy to replace the less secure Ethereum smart contract written in Turing Complete Solidity. Being Turing Pycoin is incomplete many times safer than the Ethereal Contract. In terms of productivity, since Pycoin is based on Python language interpolation known as PyLegal, Pycoin will be more attractive to more than 4 million Python developers worldwide. This will reduce the short learning curve to create secure smart contracts (Secure SSCs) in PyLegal.
Privacy-preserving Currency and Confidential Global Payment System.
Pycoin will have a zkSTARK quantum secure privacy layer applied in it that is virtually immune to censorship, cryptanalysis and chain analysis to find payer and payee information as well as payment data by the strongest supercomputers and even quantum computers / future quantum circuits.
DEX is unmanned.
The non-decentralized Squid Exchange can be built using the Pycoin platform. These unmanned DEXs will be measured infinitely by design with built-in atomic swaps of crypto-crypto / crypto blocked and blockchainfree cryptocurrencies / crypts and can not be controlled or blackmailed by any centralized authority.
Large scale IoT Federation.
Pycoin empowers owners of the IoT Node and IoT devices to manufacture and to monetize private / publicly available secured IOT shares by request by establishing the IoT Networks Federation without disclosing confidential and identifiable personal data. Members of the Network may be given incentives to share statistical aggregate data in Pycoin or Colco Pycoin / Appcoin. It will also make machines for machine micropayments instantaneous and seamless.
Realtime Game.
Realtime gaming machines, online casinos and game apps can be built on the Pycoin platform that can filter out tens of millions of users at no cost associated with the maintenance of expensive, centralized cloud infrastructure.
Auto Betting Pool & Sweepstakes.
Pycoin will allow ordinary people to build private betting pools / public bets and sweepstakes for optimal high probability to win crypto-betting opportunities and to buy lottery tickets to ensure the highest RoI.
Decentralized DNS Cluster.
One can take advantage of the Pycoin and binary chain DAG and the underlying DexOS to assign human readable names to nodes, machines, human biometric identification, smart contracts, platforms and so on.
Asset Contracts and Tokenized Derivative Liabilities.
Pycoin can catalyze all global / local / local shipping / payments, trades and hedges. Pycoin can also be used to create decentralized and automated financial instruments - such as derivatives, bonds, commodities, debt instruments and securities in cryptococcal currencies and fiat currencies.
Fund
Automatic Hedging Autonomous Autonomy Goals and Self Management of Crypto-Hedge Funds with asset and crypto acetate portfolios under their management. These automated funds do not require constant monitoring of human investment managers to conduct profitable investment operations in a sustainable way. Profiles and preferred risk-rewards favored by investors / LPs will be followed and implemented strictly without discretionary discrimination.
Crypto darkpools
Autonomous Cryptodarkpools to provide peer to peer trading facilities and emergency liquidity support to crypto / high frequency frequency / investor investors / wholesalers.
Temporal Insurance Products.
Insurance companies will be able to provide temporary liability insurance using permissioned version of Pycoins. For instance, using Pycoin, an insurance company could charge rates differently based on where and under what conditions customers are operating their vehicles. A car driven on a clear day (ascertained by gathering information about the weather conditions from a weather service), in an area where all the roads are repaired (verified with information about road repairs supplied by the Department of Motor Vehicles, for instance), would be charged a lower rate compared to a car that's being operated in bad weather, perhaps on pothole-filled roads.
Global supply chain
Pycoin will also be useful in the supply chain. A person may enter into a contract that reads, If the consumer receives cash during delivery at this location in a developing and emerging market, then this other product, many, many connecting the supply chain, will trigger the supplier to create new goods since the goods are there. has just been delivered in the emerging market. Pycoin can be utilized by logistics and shipping companies to empower unmanned unmanned cargo ships and coordinate the flow of global goods and materials.
Realtime Video Communications are capable of Anonymous Web Infrastructure.
Pycoin enables anonymous protocols in realtime for video calls, video chat and video conferencing as well as encrypted voice and text.
FOR MORE INFORMATION VISIT LINKS BELOW:
Website: http://www.pycoin.io/
Twitter: https://twitter.com/PycoinOfficial
Whitepaper: http://www.pycoin.io/static/whitepaper.pdf
AUTHOR:Sumurbor
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