Ethereum and Smart Contract technology

If bitcoin is the revolution in decentralized e-payment by blockchain technology, ethereum opens a new era of allowing internet applications to operate on the blockchain platform without being bound by any organization or individual.

Surely anyone who learns about bitcoin, blockchain or digital money (cryptocurrency) has come across names like ethereum (ETH), smart contract (SC), ETC20 Token or ICO. These are the concepts that are popularized by Ethereum – blockchain technology has been groundbreaking in recent years.

If bitcoin is the revolution in decentralized e-payment by blockchain technology, ethereum opens a new era of allowing internet applications to operate on the blockchain platform without being bound by any organization or individual. So what is ethereum?

1. Ethereum

Invented by Vitalik Buterin – Canadian programmer, ethereum is a blockchain technology, and also a platform that allows users to build decentralized applications on the blockchain platform.

The revolution and also the key difference between ethereum and bitcoin is the smart contract. So what is Smart Contract?

2. Smart contract (SC)

Smart Contract is a computer program written in a Turing-complete programming language (the difference with bitcoin). This program is translated into a bytecode and stored on the blockchain as SC with a unique address.

The user can use this site to interact with the SC and to execute the tools provided by the SC. This execution is done by the EVM (Ethereum Virtual Machine) virtual machine that comes with the Ethereum Client that miners use.

Each SC can store its own values ​​and this change must be consensused by the blockchain as each change equates to 1 transaction.

3. ICO

Although ICOs were born very early, this form of fundraising has only gained popularity thanks to ethereum.

ICO (short for Initial Coin Offerring) is a popular form of raising capital with digital money. This is how blockchain startups or Distributed Ledger Technology (DLT) often use to raise capital. Instead of contributing with fiat money, investors will contribute with fiat money.

A common capital call on the ethereum platform consists of the following components: the white paper, the gold book, the executive team, and the development roadmap.

The whitepaper is a detailed description of the project. Next is the golden book, the golden book is the description of the technical properties, the theory, the equation and the mathematical proof of the product (depending on the project). Finally, there is the founding team, the operating team, the advisory team and the development roadmap of the project called the Roadmap.

ERC20 Token

A SC certifies the investor’s ownership of a part of the project. After the project is officially put into operation, this token will be separated from the ethereum network and transferred to a corresponding frame of reference.

ICO Contract

Convert the investment money (ethereum) to a certain type of project token and confirm ownership of this token amount for the investor.

With the explosion of Blockchain and cryptocurrencies, raising funds with ICOs has become an extremely efficient method of raising capital. However, the risks that come with it are also very great when there are currently dozens of ICOs and ERC20 tokens growing like mushrooms every day. In addition, countries such as China, Korea have also started to tighten and even ban completely all forms of ICO for citizens of these countries. However, there are also quite successful ICOs and are gradually asserting the importance of blockchain technology in particular as well as DLT in general.

Secure digital data on P2PS

The privacy of digital data on the network is an outstanding feature for P2PS security, a non-interference communication system developed by the P2P Solutions Foundation.

The privacy of digital data on the global network finds a new competitor in the world of crypto. From the outset, the P2P Solution Foundation pointed to a clear global problem; Anything that is exchanged digitally with anyone, anywhere, is not protected by any security standards. Includes information exchanged on corporate networks (private intranets). For now, the vast majority of Internet activity is constantly being monitored. At certain bottlenecks, the information monitored may be sensitive to the parties. In this way, new models are needed in which the operation is properly protected.

P2P Solution presents a data management model that respects the privacy of all parties, including users looking to store sensitive data or exchange it with another entity or person. In recent years, there have been a number of huge data breaches. In other words, giants like Facebook or Coinbase have recognized the problem with data management. The data ends up in the hands of a third party with no knowledge of the user. In some cases, they are intentionally selling. Hence, a trustworthy, committed and impartial infrastructure is required.

The creatively designed ecosystem provides a secure platform by which users can exchange confidential digital files or assets. This process is completed without any third party intervention; Not even a network or system administrator. Therefore, P2PS is a peer-to-peer platform that helps protect data without affecting parties. Hence, it facilitates security for the user without the need for advanced knowledge of cryptography. At the same time, it’s not limited to one function. But it can also protect, for example, your medical records, banking information and other sensitive digital assets, during exchanges between the two parties. Today’s platforms simply don’t exist.

The project’s foundations are built on an experienced team

This did not happen overnight, the ability to assert such solidity was derived from it; An experienced team has focused on building a system for people to exchange confidential assets without third-party intervention. Leading the project is Jameel A. Shariff (CEO and member of the Board of Directors); he is a visionary and third generation entrepreneur, with advanced degrees from European and American educational institutions. Four-year Bachelor of Science in Business Administration (BSBM) and Master of Business Administration (MBA) in Business Administration.

In the board of directors, we find a team with extensive experience with Ian Scarffe as the business ambassador; Ian is a well-known leading expert in Bitcoin, Blockchain and Crypto industries, No. 1 advisor at ICObench. David Drake, Founder and President of LDJCapital. Sydney Ifergan, a Top 10 advisor with experience at ICObench as a member of the advisory board. Ken Tachibana, Financial and Technical Specialist PLUS, serves as an Advisor on the P2P Advisory Council.

P2P has received outstanding ratings from many top crypto space review and review sites with a score of 5.0 at TrackICO, 4.9 at ICOBench and 4.31 at ICO Market Data. . The biggest concern of any CEO or CIO running a company with a secret digital transaction today is the high cost of data security. Today, cybersecurity breaches around the world come at a huge cost; it increases by hundreds of billions every year. Let’s go into the details of the background.

Transaction security and stakeholder privacy as a global challenge.

Digital data privacy is an uptrend approach; Interest in digital communities has been proven. That’s why we consider the P2P point of view particularly interesting. Practicing providing an ecosystem to protect information is essential to everyone. Journalists need to save their lives or resources, governments have little infrastructure for cybersecurity and digital data management… use cases encounter thousands. While diversity and healthy competition are needed, this new competitor joins the existing security options but has positioned itself solely from a privacy perspective.

With the inbuilt infrastructure, P2PS started its journey in the cryptocurrency sector. That is the essence of digital operations without a third party or even administrators; Users get a platform where all interactions and transactions are completely secure, fast and confidential. One detail to consider is the proposed replacement for the traditional focus models. This includes a wide range of potential users, from lawyers to multinational companies in traditional industries. Secure digitization has come from P2P Solution. The corporate world includes billions of user accounts in total of sensitive data collected.

This means that countless vectors attack privacy and security. For this reason, simple and consistent models are needed in the global economy. P2PS transforms the power of the most professional encryption into a simple user interface. Provides a fully operational platform from day one. Once confidential data management is secured, the user must ensure that it is securely stored; Another strength of P2PS. The platform doesn’t host a ton of lavish or unnecessary features, it’s about privacy, and the team of accountability prides itself on its incredibly good capabilities. Recent data hacking and breaches attest to the fundamental importance of a secure software and ecosystem. They both invoke such characteristics and increase the estimated potential value of the P2PS token.

Details on ICO and P2PS

The P2PS token has been designed according to the Ethereum network compatibility standard. This facilitates token interoperability. It is also compatible with a wide range of developments based on the Ethereum network (like exchanges or dApps). After purchasing P2PS tokens, users in question can deposit them into a standard ERC20 token compatible wallet. The obvious inclusion is the most accepted by communities like MyEtherWallet, MetaMask, Mist, Parity, Imtoken.

The P2PS token’s ICO event takes place gradually until the hard cap is reached. During the ICO (already in operation) and its phases, a maximum of 136,000 ETH; or about $ 50 million with an average of $ 370 per Ether. Consider the tokens awarded as 20% average reward from 50 million P2PS tokens. Soft Cap is equivalent to $ 750000.

As pointed out in the document, the pre-ICO market research revealed a positive framework. Diverse focus on the three types of audience creates synergy, fueling demand for tokens. The traditional object of blockchain, traditional organizations are looking to digitize their systems with e-commerce and high-tech venues. P2PS must increase its value as many traders, service providers and markets in countries around the world adopt the P2PS ecosystem. This is largely due to the multilingual interface, which is fast, easy to use and intuitive to user behavior. This means comfort, ease of use, safety, security… and many other useful features.

Many of these features are needed for the next wave of global adoption. The ISI Group is highly regarded as an on-site and document sponsor. ISI Group is comprised of multinational corporations engaged in unique and innovative solutions. This is useful for governments, education, banking, telecommunications, IT, IoT, and other industries. Digital file management requires first-class infrastructure of all sizes, severity, and first-level commitment. Funds raised during the token sale (pre-ICO & ICO stage) will be used according to the plan described, which will also increase the value of P2PS.