Crypcore

What is the purpose of ?

The adoption of cryptocurrencies has bottlenecked price stability, creating stable coins to address volatility issues. Since joining the cryptocurrency space, stable coins have performed well, but many improvements are still taking place. Especially in crypto mortgage coins area. This white paper explores the possibility of creating cryptographically stable combinatorial coins that combine pure crypto exchanges, solvent systems, and Cryptonote protocols. Crypcore is the creation of crypto assets that enforce a solvency system that eliminates price volatility while giving Crypcore the opportunity to grow. Crypcore essentially combines a crypto-collateralized digital asset with a payment system to ensure price stability.

Problem and solution

Too much power on the issuer side: The issuer cannot effectively distribute stable coins at any time. For example, Tether's Omni protocol can grant and revoke tokens and appear on the blockchain. Crypcore is not possible due to Crypcore's underlying technology.

Overissue: The big problem with the most stable coins is that they are issued in the same way that central banks issue money. This makes them vulnerable to overissuance and vulnerable to inflation. It is the logic of the Cryptonote protocol and is visible to everyone.

Unstable virtual collateral: The virtual collateral itself is unstable, so using it to back up a stable coin is difficult and confusing. At the end of this white paper, you can see how Crypcore is working to solve this problem.

Highly regulated: Fiat pegging stable coins are strictly regulated and restricted by legacy banking systems.

Expensive and slow liquidation and purchases: With the most stable coin providers, stable coin liquidation can be slowed down because you have to link money to your account, which incurs bank fees. Sometimes you need to transfer money through KYC process, so your purchase may be slow.
Complex smart contracts: Encrypted mortgage digital assets like Maker Dai have trouble understanding. For everyday end users, terms can seem unnecessarily complicated. Crypcore implements a very simple analytical equation system with easy-to-understand equations and parameters.

How does Crypcore work?

Crypcore has been separated from Monero, which is securely based on the anonymous Cryptonote protocol with encryption, and Crypcoreecosystem combines solvent equations, pure crypto exchanges and Cryptonote protocols to increase collateral as prices change.
For this effect, Crypcore is a stable coin that works in a radically different way from a traditional stable coin, which is called a dynamic stable coin (DSC). Crypcore acquires collateral at the fees charged for Crypcore exchanges. These fees are added to the Crypcore Coin's collateral, which always increases collateral and maintains the stability of Crypcore prices. Crypcore is not considered a traditional crypto currency stable coin, but a new and innovative approach to achieving price stability in the crypto currency space.

Cryptonote Protocol

The Cryptonote protocol is an application layer protocol created to solve problems related to the bitcoin protocol. Cryptonote first appeared in 2012, and on October 17, 2013, when the white paper was groundbreaking, the most popular coins based on the Cryptonote protocol were Monero (Monero) and bytecoin. Cryptonote is based on a cryptographic operation "traceable ring signature" created by E. Fujisaki and K. Suzuki.

Creep core wallet

Crypcore aims to make it accessible to non-technical users, and wallets are offered on various platforms. There are desktop wallets, command line wallets, hardware wallets and web wallets. It starts when the web wallet development for Android and iPhone wallet is done. The web wallet is currently in development and you can find the screenshot below.

Cryptocurrency exchangeCrypcore exchange plays a very important role in Crypcore price management. For this, Crypcore Exchange has something to do in the traditional way. A very simple solveability equation determines the price of Cryps. In normal stable coins, tokens are issued by the default organization, but Crypcore exchanges cannot create tokens, and each coin is mined. This is because your privacy and security are paramount. Cryps mines and holds the initial money supply on Crypcore exchange to maintain its value. The creep held by the exchange is not considered to be in circulation.

Command
Realization and research ideas for $ 50,000 private funds in the second quarter of 2019
Q3 2019 Architectural design and white paper publication
Crypcore Instant Exchange launches block explorer exchange trading in Q4 2019
First quarter web wallet launched in 2020
Q2 2020 mobile wallet launch
Start new features in Crypcore Exchange


team
Terif:
Senior developer Terryp has more than 10 years of development experience and web security expertise.
Jonner:

Web and mobile designers. 15 years of design and development experience.

Information
https://crypcore.com/
https://crypcore.com/crypcore_whitepaper_version_1.pdf
https://t.me/crypcore_group
https://www.facebook.com/Crypcore-106479097438958
https://twitter.com/crypcore1
https://www.reddit.com/user/crypcore
https://t.me/https://t.me/Crypcore_bounty

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2060180;sa=forumProfile

ETH: 0xe97934F1e1e990055e9210ced1427C36e533a315