Wednesday, June 20, 2018

CALLISTO NETWORK


Crypto-currency rate of popularity and use is growing with no sign of stopping or slowing down being evident. As we know that the blockchain industry is becoming well known in the trading market due to daily large increasing number of investment made into it for innovation of new ideas. Most projects today has made this system their base of development projects with the aim of making enormous profit, to benefit both their users and them altogether. But as we know, there is no project without problems or challenges, example of some problems faced is situated in the security sector of the system, in sense that the security level of the system is not yet at its best. Another is the issue of the community not yet fully adopted the ethereum classic as a platform therefore hindering the growth boost rate. Amongst many others are the aforementioned problems existing. But good news, CALLISTO NETWORK has come to eradicate the problems involved. Let us go through what the platform entails and its benefits..

WHAT IS CALLISTO NETWORK? 

Callisto network in general is a well researched and designed decentralized crypto project which has come to develop a reference implementation of an independent,self funded blockchain ecosystem and growing environment, with the objective of securing a friendly environment for more improvement based on smart contract. Another aim project platform is to put into practice the experimental protocols, which are a mixture of core features put in smart-contracts and combined configuration of protocol-level. 

BENEFITS PROVIDED BY THE PLATFORM.

Callisto network offers a host of advantage to users of it’s network which makes it the best option of use amongst others. Some of the benefits will be highlighted as follows;
  • There’s Scalability of networks involved
  • There is improved security level of crypto industry and smart-contract development platforms.
  • Growth boost and adoption of Ethereum Classic as a platform and community altogether.
  • Enhancement of new protocol levels is present.

THE PLATFORM’S ECOSYSTEM

The system will rely on a built-in system of smart-contracts as mentioned before, so as to develop a reference implementation of a self sustaining ecosystem. But it is noticed that Smart-contract hacking results in millions of lost revenue for the whole ecosystem, there fore the platform aims to solve this issue by Official Smart-contract Auditing Department of CLO & ETC. Also the problem of protocol update that needs blockchain Hard-fork will be attended to by establishing two hard-forking dates which will be 11th of november of the year 2018 and 2019. Therefore eradicating the stressful processes for mining pools.

TOKEN 

The platform’s Token(CLO) is currently trading on exchanges platforms like StockExchange, SimpleSwap, Exrate and so on. And it is currently in the top 500 spot in coinmarket.
In conclusion, Callisto Network aims to reduce time of transaction and high fee in the Ethereum network, in process also improving on a self-sustaining blockchain system, thereby giving 100% satisfaction to both the platform and its users.
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