Since the emergence of blockchain technology in 2008 when Satoshi Nakamoto introduced bitcoin, there have been rigorous efforts to apply the blockchain to several aspects of the global business process, Blockchain technology has been described as having the potential to disrupt many industries with a low-cost transaction, immutability, and enhanced security. In the years that have followed, many other blockchain implementations have been developed with each one exhibiting unique features tailored to specific use-cases.
Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.
As more technological advancements are uncovered, SKELPY aims to highlight some economic problems and how the e-commerce platform aims to solve them using blockchain and cryptocurrency to improve the daily life of every individual came on board.
What is DPoS?
DPoS (Delegated Proof of Stake) is the final method for guaranteeing digital net tokens by processing transactions and ensuring distributed management (transaction validation) without the need for a central authority.
This system is an evolution that began with the Proof of Stake, which provided the involvement of the entire network rather than the representative of 51 delegates, which was developed for the purpose of reducing costs and inefficiencies associated with the typical PoW (Proof of Work System) electricity consumption, for example Bitcoin.
Delegated Proof of Stake is defined as a strong, efficient and very reliable consensus algorithm in the Blockchain web, usually described as technological democracy.
Skelpy project intends to offer a certifying service for wallets in the property circle, ever allowing the use of non-nominative wallets inside the blockchain.
Because A certified wallet is safer than a non-certified one as it can dispose of ancillary functions and services. and too A certified wallet attests that a specified subject recognized by the system is owner of that wallet; this permits transparency and security in transactions between two subjects.
And you need to know The wallet certifying process is an irreversible procedure, because to a single wallet can be associated a unique natural or legal subject. Besides, a certified user can have other certified or non-nominative (not certified) wallets.
Skelpy Identity Card
SKELPY COIN ECONOMY
The maximum coin offering will be 70,000,000, with an amount of money placed on the market of 2,000,000.Will be pre-forged, 33,000,000 coins of which 20,000,000 will be used as voters portfolios for 20 associated partners, then the 20,000,000 SKP will be frozen and will not be put into circulation in any way, their only purpose will be that to vote for 20 delegates from the Skelpy network.
Skelpy project is to create a completely decentralized and transparent blockchain in which all portfolios have a certified digital identity.
Skelpy certified process:
- A wants to certificate his wallet Skeply
- A sends the documents to to Skelpysystem
- Skelpysystem check the documents and approves them
- Skelpysystem associates its wallet with documents provided by A
- A now is a Skelpy’s verified member.
SOFTWARE RECOGNITION PLATFORM
Skelpy System is the decentralized platform that allows the certification of the portfolio within the Skelpy circuit. Through this system, it will be possible to recognize the subjects involved in the transactions. The portfolios will be recognized at the discretion of the legitimate owner who will decide the visibility of their portfolio.
The main recognized tools and methods that we use to declare wallets: KYC, AML, CTF.
The Know Your Customer (KYC) offer is an identification process used by companies to verify the identity of their customers and assess potential risks or illegal intentions towards customers.
The fight against money laundering (AML) refers to a number of procedures, laws and regulations aimed at stopping the production of illegal activities. Even though anti-money laundering laws cover a variety of criminal operations and behaviors, they have serious consequences. For example, anti-money laundering regulations require all institutions to issue loans to ensure that they do not assist in money laundering.
Anti-terrorism funding (CTF) is a set of rules and laws that aim to understand and respond to terrorist funding and to significant financial threats.
TEC Fund Distribution
The currency in circulation will be of 2.000.000; 20.000.000 will be used by the partners to maintain the network; 10.000.000 will be saved as a backup fund that can be used exclusively in case of emergency and only at the achievement of the voting majority of the team; and 1.000.000 will be distributed among the team members on the basis of the developed work.
Scenario: Skelpy received 250 BTC and the calculated BTC value of alternativecurrencies received is 50 BTC at the end of the TEC.
On March 23rd John sent 5 BTC
Total BTC value received = 250 BTC + 50 BTC = 300 BTC.
John’s Percentage of TEC distribution is:
[5 BTC / 300 BTC] = 0,0166666
John’s final distribution is:
0,0166666 * 2,000,000 SKP = 33,333 SKP
If John sent different cryptocurrencies (ETH, LISK, ARK) the value will be immediately converted to the correlating BTC value for the calculation. John sent 5 BTC and 10 ETH:
Value of ETH at moment of a transaction was: 0.05731 BTC
John’s total contribution in BTC is 5.05731 BTC.