INTRODUCTION
Blockchain Technology is an open, decentralized technology that is used to record and store transactions using digital blocks. The blocks of Blockchain technology represent a publicly distributed database, and each block in the chain is a computer code containing such information as transaction history, certificate of authenticity, certificate of ownership, contracts, financial transactions and more; the blocks in the database connect to each other using digital chains. Blockchain technology grows bigger and bigger every day because more and more information is added to its blocks. It was invented in 2008 by Satoshi Nakamoto and was implemented later on in 2009. One of the most inventive outcomes of Blockchain technology is the creation of cryptocurrency or digital money; examples of such cryptocurrencies are Bitcoin, Ripple, Ether, etc. With cryptocurrencies, monetary transfers can happen rapidly and openly with a tamper-proof network — there has never been any reported case of hacking into the network. Some of the other features of Blockchain technology include peer-to-peer connection of nodes, cryptographically-enabled security, consensus mechanism, transparency, and data immutability.
SYSTEM ARCHITECTURE
As previously mentioned, allowing traditional financial assets to trade on Blockchain is essential, and the following factors will help to achieve this goal. Cryptocurrency Exchanges: Cryptocurrency exchanges will play a critical role in the platform — they will provide users with digital wallets and accounts with their local fiat currencies. These services will aid users to buy and sell cryptocurrencies as well as provide the needed framework to convert cryptocurrencies to fiat currencies and vice versa. Public Blockchain: In spite of the bureaucratic challenges already previously discussed, a secure public Blockchain will give the ALLSTOCKS system the support it requires. Stamper: It will assure that asset-backed tokens always hold their respective value as it connects the traditional assets to the asset-backed tokens. It will also redeem and destroy the tokens upon liquefaction or transfer of ownership of the underlying assets. Application Layer: A wide array of applications that will capitalize on the asset-backed tokens’ capabilities are in developement. These capabilities include trading platforms, remittance wallets, and payment processor. Asset-Backed Tokens: Asset-backed tokens are necessary to amalgamate between real financial assets and the crypto-market. For every traditional asset, a token is minted. This, in turn, ensures that whenever these underlying assets are sold, the token is automatically destroyed.
IMPLEMENTING THE ALLSTOCKS SYSTEM Ethereum Blockchain:
Ethereum was originally written by the programmer Vitalik Buterin who worked at Bitcoin Magazine in 2013. Mr. Buterin argued that Bitcoin needed a program that would offer a platform for app development, and therefore he developed an all-new platform. However, when it was finally announced in 2014, the trio of Anthony Di Lorio, Charles Hoskinsons, and Mihai Alisie also joined Mr. Buterin with the release of a new Blockchain technology-based platform called Ethereum. Ethereum suits appropriately for our goals because it decouples mining rewards from transactions between the system’s participants. To achieve it, Ethereum simply denotes mining rewards as Ethereum gas, a price paid to carry out transactions on Ethereum, while assetbacked tokens are made a part of the mining process. Ethereum Mining: To mine Ethereum you have to solve some cryptographic puzzles so as to win Ether, a crypto token that enables the system to run smoothly. Ether also enables
All-Stocks Network is a dispersed worldwide stock trade stage which intends to interface with all real stock trades and stock merchants around the globe. It likewise permits the exchanging of crypto tokens upheld by genuine money related resources.
AllStocks is airdropping 10 AST tokens to the initial 12,500 members. Join their Telegram gathering and present the airdrop frame to get the tokens.
Evaluated Value
0.02 ETH
Well ordered Guide:
Visit the AllStocks airdrop frame page. (https://airdrops.io/visit/60d/)
Join their Telegram gathering. (https://t.me/all_stocks_ico)
Present your points of interest to the shape.
You will get 10 AST tokens
See your interest status in this spreadsheet. (https://airdrops.io/visit/70d/)
Remember to join our Telegram station and tail us on Twitter to get new airdrops!
Necessities:
Message required
Join gathering
Diagram
Site: (https://all-stocks.net/)
Bitcointalk: Go to ANN string (https://bitcointalk.org/index.php?topic=3210865.0)
ICO Price: 1 AST = 0.002 ETH
Ticker: AST
Add up to Supply: 50,000,000 AST
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