Understand the main characteristics of the Smilo blockchain in 5 minutes

What is the Smilo Platform?

Creating trust and privacy to its users

With the rapid development of blockchain technology, the trust mechanism provided by the blockchain has extended from the financial field to the physical fields, such as:

  • Electronic deposit
  • Copyright management
  • Transaction management
  • Product trace-ability
  • Digital asset trading
  • Internet of Things
  • Smart manufacturing
  • Supply chain management
  • Virtual Reality

Although there is no large-scale blockchain commercial application scenario at present, the large-scale application of trusted value and distributed collaboration through blockchain is trending

Smilo foundation has been continuously researching the underlying technology of the blockchain, launching the Smilo Hybrid blockchain platform in sectors such as: Finance, Medical care, energy and trade have realized “how blockchain is powerful”, giving full attention to the blockchain as the underlying support for the next-generation value Internet, realizing the technical service business, and promoting the technology.

The Smilo Blockchain platform provides enterprise-level blockchain network solutions for enterprises, government agencies and industry alliances.

Smilo Blockchain core architecture

The core architecture of the platform consists of the P2P network, the consensus module, the ledger module and the smart contract engine. The platform provides a series of technical features, including:

  • Multi-level encryption mechanisms
  • Privacy protection mechanism
  • Blockchain governance mechanism
  • Message subscription mechanism
  • Data management system
  • Multi-language Smart Contract Execution Environment
  • Smilo Blackbox

Smilo blockchain is designed to be a lightweight blockchain that takes advantage of the R&D and battle-tested Ethereum GETH 1.9.x PoW Blockchain. It is updated regularly such that it is in sync with the future GETH releases.

Some architectural changes are:

New consensus algorithm called Sport BFT

  • Modified permission-ed p2p connections to/from specific pre-set nodes (optional)
  • The block generation logic has been modified to have two states: `public state root` and `private state root`. Private transactions do not allow the transfer of tokens, transfer of tokens privately should be done via ZK Snarks public smart contracts.
  • Block validation logic changed to handle `private transactions`
  • Dual token system introduced. XSM (Smilo) and XSP (SmiloPay)
  • Users pay for transactions with XSP and Gas deposit. The gas deposit is returned if all goes well

Challenges and opportunities coexist

Since the birth of the blockchain, it has been questioned and misunderstood its technology and application. At present, the thresholds for developers and users are too high, and the difficulties of commercialization for projects still exist.

In addition to continuously developing its own technology, Smilo Blockchain has been working to accelerate the application and popularization of blockchain via its partners. We always believe that the development of blockchain technology and the ecological construction of blockchain are complementary.

In this era of challenges and opportunities Smilo Foundation has been working hard

Your support and help allows this platform to evolve and develop.Together we are developing a blockchain ecosystem, making the development of blockchain technology useful for enterprise needs. Thank you very much the official list of go-ethereum Authors, without your individual contributions this would never be possible.

Be part of the Smilo hybrid blockchain movement!

Smilo’s development is not motivated by profit for either its developers or early adopters. In order to finance the project and guarantee its future, we invite everyone who sees potential to consider donating/investing to the project, and we hope that the vibrant cryptocurrency community will help Smilo to achieve its goal of making permissioned ledgers obsolete.

#NO-ICO #ICO-FREE #NOT-AN-ICO

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