Callisto Network | a Blockchain technology, Cryptocurrency and Smart-Contracts by chamika

blockchain · @chamika · Jun 23 '18 (edited)

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Callisto Network | a Blockchain technology, Cryptocurrency and Smart-Contracts

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<p><img src="https://callisto.network/static/Callisto_new.1efa7888.png" width="795" height="216"/></p>
<blockquote><strong>WHAT'S CALLISTO NETWORK?</strong></blockquote>
<p>Callisto Network has its own cryptocurrency called 'CLO' based on go-Ethereum source code.</p>
<p>Callisto has aims and to achieve them it will rely on a built-in system of smart-contracts.</p>
<p>Ethereum smart contracts have some problems which Callisto Network is intended to solve for CLO &amp; ETC ecosystems with an "Official Smart-contract Auditing Department of CLO &amp; ETC" which in its turn will give a free opportunity for a skilled smart contract developer to audit their smart contract.&nbsp;</p>
<p><br></p>
<blockquote><strong>THE AIMS OF CALLISTO NETWORK</strong></blockquote>
<p>Callisto Network has one more aim such as the implementation of experimental protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration. The Initial aim of Callisto Network is to enhance the security of the entire crypto industry and smart-contract development platforms and the next one is to boost the growth and adoption of Ethereum Classic as a community and as a platform.</p>
<p>Therefore, we have the following important goals:</p>
<p>● Improve the security level of crypto industry and smart-contract development</p>
<p>platforms with an official auditing team and secure contracts registry.</p>
<p>● Research, define and develop the reference implementation of cold staking</p>
<p>protocol, built-in governance system, and self-funding mechanism.</p>
<p>● Research experimental possibilities of scaling and cross-chain interaction.</p>
<p><br></p>
<p><strong>&nbsp;Peculiarities of coldstocking<br>
</strong><br>
The main benefit of cooperation with professionals (in addition to the ability to significantly increase the speed of ongoing operations) is to receive rewards for committed savings. They are paid in the form of tokens, which then can pay for goods or services. This approach from Callisto Network, of course, attracts users now.<br>
<br>
At the same time, the full launch of the platform is being postponed, although the implementation of the tokens is planned earlier. Such a break can only be explained by the fact that professionals intend to completely eliminate the existing shortcomings. Obviously, a significant part of the revenue that will be obtained after the implementation of digital units, will be aimed at further improving the platform. The objectives of the professionals are very far-sighted, so experts suggest that at the beginning of their token will be a little "sagging" and only after two or three months will gradually increase in price.<br>
In general, Callisto Network is an analogue of the bank, only with the possibility of using crypto currency and high security of transactions. Look, the same reward system is, in fact, a classic deposit. You invest the amount and just receive dividends on your account. <br>
This approach, of course, looks very attractive, especially in conditions of instability of the exchange rate of basic units. It is still difficult to say what percentage will be paid to depositors. It is predicted that this figure will be in the region of 10%, which will fully meet its obligations and make significant changes in the market. &nbsp;This allows the asset to be easily interchanged and move from one chain to the other. In short, the sidechain carries their own data and function independently from the parent chain. The sidechain will be used as a research tool for future protocol changes. That is, CLO will stand as a testnet for ETC but with monetary value as it has its own coin.</p>
<p><img src="https://us.123rf.com/450wm/andreyo412/andreyo4121805/andreyo412180500970/101897692-stock-vector-gold-bull-throwing-up-callisto-network-clo-cryptocurrency-golden-coin-up-the-trend-bullish-callisto-.jpg?ver=6" width="450" height="301"/></p>
<blockquote><strong>Technical details:</strong></blockquote>
<p>● ROI: Dynamic. Depends on the amount of CLO that is engaged in cold staking at the moment of reward claiming.</p>
<p>● Minimal amount: No minimal threshold.</p>
<p>● Minimal delay between claims: 172,800 blocks</p>
<p>● Staking time: 1-12 months</p>
<p>● Reward claiming: Manual. A user have to execute a transaction to claim the reward.</p>
<p>● POW Algo: Dagger Hashimoto (Ethash)</p>
<p>● Block interval: ~15sec</p>
<p>● Block reward: 600 CLO (30% treasury fee)</p>
<p>● 100% compatible with Ethereum Virtual Machine</p>
<p>● The maximum supply: 6,500,000,000 CLO.</p>
<p>● Block reward reduction: 32% each 5,000,000 blocks</p>
<p><img src="https://image.ibb.co/fVTsaT/Capture.jpg" width="1458" height="637"/></p>
<p><br></p>
<blockquote><strong>Conclusion</strong></blockquote>
<p>Callisto Network looks like a very serious and big project as they aim to make ETC bigger while also rewarding believers.If they can pull of their plans by improving the scalability of both ETC and CLO and also provide a cross chain improvement, then Callisto Network will be bigger and the CLO token more valuable.</p>
<p>Thank you for reading my article.</p>
<p>Link to the website - https://callisto.network/#</p>
<p>Group in Telegram - https://t.me/CallistoNet</p>
<p>Official Facebook - https://www.facebook.com/callistonetwork/</p>
<p>Official Twitter - https: // twitter .com / CallistoSupport</p>
<p>Whitepaper - https://drive.google.com/file/d/18NsazbbcMwmas7TIZRbDslIfNCVeLgBY/view</p>
<p>&nbsp;Prepared by</p>
<p>: Bitcointalk Username: chamika888<br>
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329 &nbsp;&nbsp;</p>
<p><br></p>
<p><br></p>
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