The cryptocurrency idea has opened a new dimension to the transaction system. It uses virtual currency system that does not need any physical currency and absolutely hassles free from bank queues. Therefore, this approach is getting popular with higher demand. A number of blockchain networks are available with its services and many of them are employing unique ideas to attract people for using it more.
iOlite is the blockchain network risen up with a unique idea to make a bridge between humans and machines for imitating the language gap. It consists of physical translation platform to make an open source solution for the language barriers for the mainstream users.
Solution to Problems
As iOlite has made up the system to protect the users from open source language problems with appropriate solution, this eventually makes their transaction system easier for every purpose. The users may face few problems and solutions are already made for them:
Self Voting: The first and foremost problems might be faced regarding self-voting. iOlite believes that when someone wants to attach the system, they will need a larger number of tokens from different accounts carrying out the attacks. Otherwise, the attackers cannot harm anyone even if the attack is successful. The features have been designed in such a way that the users feel safe while it is needed and absolutely do not become popular at all.
Attracting Authors: iOlite has a solution for those who want to attract the authors in terms of working only on unimplemented features. The implementations can be solved already through the features accepted to the community. The author might go at risk for disappointing the promoters for losing some of their contributions though.
Preventing Ideas: It is really important to safeguard the ideas developed by the young authors from being stolen. The system of iOlite is collaborative and the young authors can draw the community attention for being theft of ideas. It might be difficult to do as the timestamp provides the features for creating the blockchain and it may lose the trust and support for risking of being theft.
Motivation to Users: It is important to motivate the users regarding the promotion of authors. They can divide the rewards among the promoters for the PoS rules.
Motivation to Miners: Motivating the miners is also no less than a problem that needs a perfect solution. Miners can receive the rewards for the blocks according to PoW rules for static reward and commission.
Losing Keys: Problem may arise if the author loses their keys for the authentication to use the blockchain network. From this context, the blockchain technology authorization might turn to an end for other systems. But in iOlute, the foundation an go through the processing for the system of the Foundation with a link to the newer profile to old profiles having no other transactions made from the addresses. The solution can also be valid for the users with the feature of accepting into the basis.
iOlite is using the best of the technologies to make the system to be the best one in terms of making them satisfied from every sphere. For this reason, they have imposed the smart contract with Ethereum Solidity. The smart contracts also use C or C++ for programming to the spoken language. This will help to have greater service to minimize the language barriers as well. They also have a further plan for implementing some other technologies to gear up the service.
Website : https://iolite.io/
Twitter page : https://twitter.com/iOliteLabs
Telegram : https://t.me/iolite