The Standard

The Standard

The Standard Protocol is a cutting-edge decentralized finance (DeFi) lending platform that provides users access to trillions of dollars in rare assets, including gold, cryptocurrencies, and in-game item NFTs. Users can borrow stable cryptocurrencies pegged to their local fiat currency by collateralizing their assets, securely stored in decentralized smart contracts called "Smart Vaults." This ensures that users retain control of their private keys, preventing third-party speculation on their collateral. The protocol allows for 0% interest borrowing without relying on a third party.

 

Initially, users can borrow "Standard Euro (sEURO)," a fiat Euro pegged stablecoin, with other stablecoins like sUSD and sYen to follow. The protocol supports multiple collateral types in a single vault, enabling the trading of locked assets within the smart vault while maintaining their collateral status. Smart vaults and associated debt can be sold as NFTs, offering flexibility in debt management.

 

Governance of the protocol is vested in the Standard DAO, a Decentralized Autonomous Organization comprised of Standard Token (TST) holders. TST holders participate in governing the protocol through smart voting mechanisms, earning staking rewards and income from global lending and other fees.

 

The Standard Protocol distinguishes itself from failed stablecoins by being backed by real-world value rather than relying solely on algorithms. Operating on a decentralized Layer 2 solution for Ethereum, the Standard smart contracts utilize zero-knowledge proof (zkEVM) technology for trustless and secure transactions.

 

Inspired by the historical Gold Standard, The Standard introduces a new era of privatized and decentralized stable virtual currencies backed by valuable rare assets, offering unprecedented flexibility and security for borrowers.

 

Problems with Solutions

Current DeFi lending platforms encounter challenges such as variable interest rates, rigid collateral management, limited asset types, centralization risks, and high transaction fees on Layer 1 Ethereum. The proposed solution is The Standard Protocol, introducing a global standard for decentralized lending and stablecoins. Unlike fiat-backed stablecoins like Tether and USDC, The Standard Protocol backs stablecoins with tokenized physical and blue-chip crypto assets, aiming to create a decentralized pegging mechanism for a digital mirror of every fiat currency.

 

Key features of The Standard Protocol include stable 0% interest rates, improved collateral management allowing users to swap locked collateral without debt repayment, support for multiple collateral types, and the exclusion of centralized fiat coins like USDC as collateral. Users can mint stablecoins pegged to their local currency, contributing to the development of a blockchain FX market with a stablecoin for every major global currency.

 

The protocol utilizes Layer 2 implementation, specifically zkEVM, for efficient transaction processing and reduced fees compared to Layer 1 Ethereum-based platforms. Overall, The Standard Protocol seeks to address challenges in the DeFi lending ecosystem, providing innovative solutions for long-term financial planning, diverse lending options, and accessibility on a global scale.

 

The Standard Protocol aims to launch the first stablecoin, Standard Euro (sEURO), and subsequently create stablecoins for major fiat currencies. sEURO will be minted by locking up tokenized hard and digital assets in Smart Vaults, similar to collateralized debt positions, allowing users to retain assets while borrowing liquidity. The launch strategy involves an Initial Discount Curve Offering, an Initial Bonding Curve, TST Staking, and the introduction of Private Smart Vaults.

 

To ensure success, the protocol accumulates Protocol Controlled Value (PCV) managed by the DAO, serving as a stability pool and deployed on secondary markets for liquidity. The launch phases involve discounts, bonding curves, and TST staking to incentivize user participation and over-collateralize the stability pool.

 

The use cases of The Standard Protocol encompass generating staking income, protecting savings against inflation, leveraging fiat devaluation, facilitating instant peer-to-peer payments, participating in DeFi with physical collateral, and saving mortgage and loan costs. The protocol aims to enable exotic collateral types like tokenized stock, real estate, and in-game item NFTs, unlocking liquidity without selling and attracting capital gains taxes.

 

For gold/silver vaulting facilities, the protocol enables income streams by tokenizing assets and offering borrowing against them at 0% interest. It also attracts new customers and adds DeFi use cases for precious metals. For DAOs, it facilitates payments in local currency, hedging for governance tokens, and benefits from a growing ecosystem, allowing cross-chain payments and collateralizing Smart Vaults with governance tokens. Overall, The Standard Protocol strives to address diverse financial needs and unlock liquidity through innovative stablecoin solutions.

 

Asset Custodians in The Standard Protocol are typically gold retailers offering allocated bullion products secured in high-security vaults like Brinks. Commodity Token projects, specializing in asset tokenization, can be accepted as collateral in Smart Vaults after evaluation by The Standard DAO. The protocol assists traditional vaulting facilities in tokenizing assets to meet DAO criteria.

 

Requirements for Commodity Token Projects include 99.99% certified gold bars, LBMA Good Delivery Standard manufacturing, top-tier vaulting, 100% insurance, biannual audits by recognized firms, and a minimum five-year operating history. Becoming a custodian is facilitated by community consultants within The Standard Protocol.

 

The primary income streams for the protocol include fees and deployment of protocol-controlled value. Fees include a one-time Minting Fee for borrowers, a Burning Fee for debt repayment, and an Emergency Stability Fee to control fiat pegs. Additional fees, paid in TST, cover services like alarms, NFT sales of smart vaults, and trading locked collateral, contributing to platform functionality and stability. In summary, The Standard Protocol charges fees to ensure stability, generate income, and maintain the ecosystem, supporting its growth and success.

 

The liquidation pool in The Standard Protocol is a crucial element allowing users to commit sEURO and TST in equal proportions to acquire liquidated assets at a discount when a smart vault's collateralization falls below 110%. Participants can withdraw their tokens from the pool, but they must maintain an equal or higher TST amount compared to sEURO staked.

 

The minimum stake for the pool is 100 sEURO, subject to DAO adjustments for adaptability. The distribution formula ensures fair asset distribution based on participants' contributions. A liquidation bonus, around 10% of total assets, is granted to pool participants when a smart vault is liquidated.

 

Gas fees during liquidation are covered by a portion of participants' profits, calculated based on net profit and prevailing gas prices. Burning sEURO when paying off liquidated vaults maintains system stability, reducing circulating sEURO.

 

Liquidated assets are distributed among pool participants based on their distributions, incentivizing TST holders to participate. This mechanism ensures over-collateralization, burns sEURO for a balanced ratio, and fosters a stable system. The revised distribution guarantees all participants profit, enhancing equity and stability.

 

The total value of assets in the vault is 20,000 sEURO

ETH worth 5,000 sEURO
WBTC worth 10,000 sEURO
PAXG worth 5,000 sEURO

 

Borrow with 0% interest
"Secure your crypto assets, such as ETH, WBTC, ARB, LINK, & PAXG tokenized gold, in smart contracts that you control and no one else, then effortlessly borrow stablecoins with 0% interest loans and no time limit to pay back.
‍
No need to ever trust third parties like BlockFi, Silicon Valley Bank, or Celsius with your private keys.

Prevent losses by swapping locked collateral into tokenized gold in a bear market or your favorite coin in crypto bull markets.

 

Transparency
Not your keys, not your crypto.
Don't trust banks like Silicon Valley Bank, BlockFi, or Celsius to hold your collateral assets; Simply lock your collateral into a smart contract that only you control. No one can touch your collateral but you!

Send crypto to a smart contract that you control

Everyone can see there is more collateral than stablecoins

All collateral is accounted for in real-time.

Every major fiat
Not just USD pegged?
Every fiat needs a blockchain equivalent, not just the US.
If you are a freelancer in India then you want to invoice in an INR-pegged stablecoin. The Standard aims to release a stablecoin for every major fiat.

This enables blockchain based FX markets.

Global trade and remittances

Trillion dollar opportunity

Borrow @ 0% interest
No interest when borrowing stablecoins.
TheStandard's 0% interest borrowing is a DeFi game-changer, offering accessible financial solutions without added costs. As inflation now reduces the real debt burden, borrowers using TheStandard benefit from global inflation rather than suffer from it.

0% interest loans

no time limit to pay back the debt

Trade locked collateral
Don't miss out on moonshots
The Standard gives you the option to trade locked collateral, which you have borrowed against, for an equal value of another crypto asset. This flexibility allows you to adjust your investments without paying back your debt and withdrawing the original collateral.

Trade into an asset that you think will moon

Trade into tokenised gold if crypto is bearish

Bot trading / auto trading

Reduce chance of liquidation

Sell debt as an NFT
NFTs arn't just for art.
We are building the next generation of dynamic DeFi NFTs. Every smart vault is represented as an NFT; whoever owns that NFT can pay the debt off and withdraw the collateral.  This enables people who have a large debt positions to sell that debt for fast liquidity.
Can't afford to pay off your debt but need liquidity?
Secondary DeFi debt markets
New use case for NFT's

 

Benefits
As a TST holder, you'll be part of TheStandard Protocol ecosystem, unlocking exclusive features and participating in governance decisions.

All fees collected from everyone borrowing or paying back debts are pooled and distributed to TST holders who stake and vote on protocol matters.

Income potential is boosted by TST scarcity through burning when users pay for unlocking features.
Staking

Earn fees paid into the protocol

Discounted transaction fees

Unlock features

Buy liquidated assets under market value

Advanced analytics and insights

Vote on the direction of the protocol
Use TST for

Collateral liquidation warning alarms

Auto collateral trading bot

Auto rebalancing of portfolio

Automated yield farming strategies

Access exclusive community events

Protocol Roadmap

Phase 1
Planning and research

Planning and research

Write whitepaper

Onboard Advisors

Gather Developers

Raise seed round

Informative Landing Page

Design Front End

Legalities and Compliance

Smart Contract R&D
Phase 2
Launching MVP

Build Community

Launch EUROs IBCO

Over-Collateralise EUROs

Create Partnerships

Launch 1st Smart Vault

Launch Smart Vault NFTs

Launch on DEX

Launch on CEX

DAO voting
Phase 3
Expansion

Collateral trading

Liquidation Pools

10 Collateral types

Launch USDs IBCO

Launch zkEVM

Major CEX listing

Stop Loss, Alarms

USDs Smart Vaults

3 more Pegtokens

Payment process partners
Phase 4
World Domination

Release 50 Pegtokens

100+ collateral types

Smart DCA repay

15 tokenized gold partners

Share pegged Assets

Commodity pegtokens

Most major exchanges

Cross every major chain

Quantum entanglement

 

Protocol Advisors

Dr. Jane Thomason
Advisor-DAO Governance
Dr Jane Thomason is a thought leader in technological innovation, fintech and blockchain for social impact. She was named by Forbes as a leader in Blockchain for Social Impact and is a published author. She holds a large number of academic and commercial positions including a seat on the board of a major bank and co-founded the British Blockchain and Frontier Technology Association.

Faraj Abutalibov
Crypto VC Dubai /Mid East
Faraj is the founder of a Large crypto executives’ community with 430 C-Level executives from the crypto world. Mr Abutalibov is also a co-founder of the Crypto VC (Sharara) and crypto media (Gulf Crypto Insight).

Patri Friedman
Economic Philosophy / Decentral Planning
Patri comes from a long line of famous economists, he is the grandson of Milton Friedman and son of David D. Friedman. Patri is the founder of the Seasteading movement and advises many innovative governance focused organisations. Patri previously spent 10 years at Google as an engineer and 10 years as the GP of Zarco Investment Group. He has a BS in Math from Harvey Mudd College, an MS in CS from Stanford University, and an MBA from Cardean University.

Hartej Sawhney
Smart Contract Security
Hartej Sawhney is the godfather of smart contract auditing, pioneering the industry in 2015. He Co-Founded Zokyo, a venture studio that builds, secures and funds crypto, DeFi and NFT companies, and also co-founded Hosho, which was ranked #1 Smart Contract security Auditor in 2019 by Forbes.

 

INFORMATION

https://thestandard.io/

https://twitter.com/thestandard_io

https://www.youtube.com/thestandard_io

https://www.linkedin.com/company/the-standard-io/

https://medium.com/@thestandard.io

https://t.me/TheStandard_io

https://discord.gg/thestandard-io-836907456743079956

https://t.me/+BEuk_lIBsPNlZDU1

 

AUTHOR

Bitcointalk Username: Renays Ellin

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3241572

Wallet Address: 0x12d0a96d064c3adac99ad00c9a2c885ab86959e1

ASTL Token

ASTL Token

#ASTL #ASTLTOKEN #presale #cryptocurrency #CryptoNews #Binanace #altcoin #ERC20 #blockchain #ICO

A NEW PATH TO FINANCIAL FREEDOM!

Introducing a Promising Avenue towards Financial Independence!Are you exhausted with the prolonged anticipation for updates from traditional banking institutions? Do low interest rates and the erosion of your funds through inflation leave you frustrated? Are you tired of navigating the treacherous waters of online fraudsters?Look no further than the ASTL project—an exceptional investment opportunity that leads to genuine financial freedom and independence! Here, exclusively, lies an incredibly advantageous offer that is bound to captivate your attention.

 

HIGHLY PROFITABLE INVESTMENT IN MINING UNDER THE CONTROL OF ARTIFICIAL INTELLIGENCE

Exceptionally Lucrative Investment Opportunity: AI-Driven Mining Operations

At the core of this project lies a robust infrastructure comprising proprietary data centers and an ever-expanding array of computing power devices. These cutting-edge resources are leveraged for mining operations, facilitated by the remarkable capabilities of Artificial Intelligence and sustainable “Green” energy solutions.

The ASTL token serves as the primary asset within this venture, acting as the vital conduit between professional-grade equipment and end users. Each token is backed by a fractional share of the ASTL project’s extensive device fleet’s computing power. Consequently, token holders enjoy expedient access to a stable and substantial income stream.

Harnessing the synergies of power management and AI-powered blockchain technologies, our cryptocurrency mining endeavors yield an extraordinary 25-30% greater profitability than comparable investment ventures.

 

THE BASIS OF WELL-BEING – NOW EVEN EASIER

Enhancing the Foundation of Prosperity – Streamlined and Accessible.

Embarking on a journey towards profitable investment returns has now become remarkably convenient and hassle-free. We present an alternative approach, distinct from conventional “cloud” mining schemes that involve purchasing fractional computing power or investing in equipment procurement or leasing.

Our objective is to liberate you from the burden of relying on the prevailing cryptocurrency rates and market volatility. Instead, we extend an opportunity to secure a consistent monthly income denominated in the stable and dollar-pegged cryptocurrency known as USDT. This ensures stability and predictability in your investment endeavors.

 

NEW TECHNOLOGIES AT THE SERVICE OF YOUR INVESTMENT

Cutting-Edge Technologies Empowering Your Investment Endeavors

Embracing the forefront of mining innovation, we have harnessed the power of state-of-the-art mining equipment and implemented judicious energy allocation strategies facilitated by Artificial Intelligence. This dynamic combination has substantially elevated the profitability of our mining operations.

With AI at the helm, overseeing the allocation of computing power and orchestrating the blockchain algorithm, we have achieved remarkable outcomes. As a result, we are proud to offer you a guaranteed income stream fueled by significantly higher mining profits compared to our industry counterparts. Our commitment to leveraging advanced technologies ensures that your investment yields optimal returns.

 

SIMPLE AND RELIABLE INVESTMENT WITH HIGH INCOME

Streamlined and Trustworthy Investment Generating High Returns

FAST START
Rapid Onboarding Process
Say goodbye to the concerns of acquiring, configuring, and maintaining mining equipment. With our streamlined approach, you can effortlessly start your investment journey without the hassle of equipment procurement, setup, or ongoing maintenance. Upon purchasing the ASTL token, you can expect immediate accruals in USDT aligned with the package you have chosen.

HIGH LIQUIDITY
Exceptional Liquidity
Diverging from the perpetual challenges associated with mining equipment, the ASTL token offers exceptional liquidity due to its backing by a tangible hash rate derived from a diversified portfolio of cryptocurrencies. In contrast to physical equipment, the ASTL token remains immune to depreciation and obsolescence, ensuring its enduring value without the obligatory depreciation concerns.

MONTHLY REWARDS IN USDT
Steady Monthly USDT Rewards

By owning an ASTL token package, investors are entitled to receive a fixed monthly remuneration in USDT from the collective pool, proportionate to their invested capital. Worries concerning cryptocurrency market fluctuations become obsolete as our diversified mining approach and tangible cryptocurrency portfolio enable us to mitigate losses stemming from individual currency exchange rate fluctuations. Moreover, our robust mining farms ensure profitability even during periods of market stagnation, solidifying your steady stream of income.

LIQUIDITY GROWTH
Expanding Liquidity

Through a meticulously designed system of perpetual expansion in mining capacities, sustainable generation of “green” energy, and strategic diversification of cryptocurrency mining, the ASTL project team guarantees payment stability and enhances the reliability of your investment portfolio. Simultaneously, this endeavor amplifies the overall liquidity of the project, further unlocking the full potential of mining operations working in your favor.

OUR INVESTMENTS ARE STARTING TO WORK FOR YOU NOW!
Empowering Your Investments to Thrive!

In a significant stride towards establishing an independent mining center fueled by sustainable energy sources, the ASTL investment project has strategically aligned with the Kalinin Atomic Power Station, operated by Rosatom. Leveraging the existing data processing support center, situated in close proximity to the atomic power station in the Tver region (380 km from Moscow), this initiative ensures uninterrupted power supply derived directly from the atomic power stations.

With a remarkable equipment placement capacity of 48 MW, our new data center guarantees reliable power access while prioritizing the utmost physical and information security for critical data. Furthermore, this collaboration provides ample room for the future expansion of the ASTL project’s IT infrastructure, presenting vast opportunities for the project’s continuous growth.

 

ECONOMICS OF ASTL TOKEN AND INVESTING
ASTL Token Economics and Investment Insights

The ASTL project has seamlessly integrated into the emerging DeFi ecosystem known as the EcoMind ecosystem, developed by the Astol Advanced Limited investment and mining foundation. Acting as a “bonus” token, the ASTL token serves as a guarantee for incoming investments and facilitates passive income generation in cryptocurrency. In the future, following the ICO/IEO, it will unlock the potential for a complete return on investment through trading on prominent centralized platforms such as CoinBase, WhiteBIT, and LBank, as well as decentralized platforms including UniSwap, RobinHood, and PancakeSwap.

Astol Advanced Limited has dedicated significant effort to develop a robust tokenomics model for the ASTL token. It is designed to align with the platform’s success and foster a thriving ecosystem that brings together token holders and AI platform clients.

Additionally, as part of the ASTL project’s expansion, a mobile application will be introduced, facilitating seamless interaction with the ASTL investment token via https://astl.world. A staking pool has been established, offering opportunities for investment in masternodes to generate a stable income. The application will also integrate with the AI “oracle,” featuring a comprehensive catalog of altcoins for staking, accompanied by detailed insights. This integration ensures users are constantly informed about enticing staking opportunities, enabling them to earn money with confidence and serenity.

 

ERC20 ASTL TOKEN FEATURES
Key Features of the ERC20 ASTL Token

The ASTL token is built on the ETH-ERC-20 blockchain, aligning with the Ethereum network’s forthcoming transition to Proof-of-Stake (PoS). For reference, you can find the Etherscan Contract linked to the ASTL token. The initial token issuance amounts to 50,000,000 ASTL.

The distribution of ASTL tokens includes a Seed Round, constituting 20% of the total supply, equivalent to 10,000,000 ASTL. Following that, the ASTL Exchange round, scheduled as the primary IEO/ICO, accounts for 25% of the total supply, amounting to 12,500,000 ASTL.

ASTL PROJECT SECURITY
ASTL Project Security: A Commitment to Innovation and Resilience

At the ASTL project, we place paramount importance on innovation, leveraging cutting-edge technologies, and ensuring steadfast growth with unwavering security. To achieve this, we have established an end-to-end cyber risk strategy driven by our esteemed executive leadership team.

Our comprehensive strategy strikes a delicate balance between the imperative to remain secure, vigilant, and resilient while pursuing strategic objectives. In an era where cyber threats are omnipresent, we steadfastly support and prioritize robust security measures to safeguard our operations and stakeholders.

OFFICIAL LICENSING
Official Licensing: Ensuring Client Confidence and Data Privacy

As an officially licensed company, we prioritize the provision of comprehensive guarantees to our esteemed clients. Respecting the confidentiality of our clients’ data is of utmost importance to us, and we have stringent measures in place to ensure that the confidential information provided during registration remains strictly confidential.

Moreover, Astol Advanced Limited, as the investment arm of the ASTL Project, stands as a reliable guarantor for the accumulation and timely payment of all financial obligations. Our commitment to financial integrity ensures that payments are meticulously collected and disbursed in full, as scheduled, providing our clients with the reassurance they deserve.

DISTRIBUTION OF ASTL TOKENS
CO/IEO - 25%
Seed - 20%
Private Sale - 20%
Pre-Public Sale - 15%
Marketing - 7,25%
Airdrop&Bounty - 5,50%
Team Supply - 5%
Advisors - 2,25%

 

REFERRAL PROGRAM
Official Licensing: Ensuring Client Confidence and Data Privacy

The ASTL referral program has been thoughtfully developed as an integral component of the ASTL Token project to garner attention and disseminate information among potential partners. Upon registering an account, you will be provided with a unique referral link, enabling you to share it with your friends and acquaintances.

Through this program, you have the opportunity to earn a referral bonus of +2.5% for each new member you successfully bring onboard. This incentivizes and rewards your active participation in expanding the ASTL community, while promoting the growth and awareness of the project.

 

AIRDROP PROGRAM
The Airdrop Program, an integral part of the ASTL Token project, aims to raise awareness and promote investment opportunities by distributing information about the project and engaging potential partners through registration on designated social networks and participation in AMA sessions.

 

BOUNTY PROGRAM
The Bounty Program, an integral component of the ASTL Token project, strategically disseminates project information and investment opportunities, necessitating participation in sharing news and valuable content as well as registration with designated social networks to garner attention.

 

AI PLATFORM - IAAS AND SERVICES
IAAS and Services for Government and Public Sector Applications

The potential of distributed ledger technology extends to a diverse range of government and public sector applications, such as digital currency/payments, wallet management, crypto-exchange, KYC/identity management, supply chain traceability, crypto-oracle, cross-bridges, and legal entities management. Our AI platform offers comprehensive infrastructure-as-a-service (IAAS) and services tailored to meet the specific needs of these sectors.

 

BURNING OF ASTL TOKENS
Building a Sustainable and Deflationary Token Economy
One of the core objectives of the ASTL project is to establish a robust token economy that fosters long-term sustainability and limited circulating supply. To achieve this, a proactive measure will be implemented through the burning of ASTL tokens, effectively reducing the total circulating supply and contributing to the deflationary nature of the ecosystem. This strategic approach ensures the project’s commitment to building a strong foundation and promoting economic stability.

 

FURTHER CIRCULATION DECREASE
Continuous Reduction of Circulating
Supply: A Strategic Approach

As part of our meticulous token management strategy, ASTL tokens will undergo periodic burning following the completion of each quarterly fund raising round until the launch of the Astol (IaaS) platform. Once the Astol (IaaS) platform is live, a portion of tokens utilized for acquiring AI services through our platform will be burned at the end of each quarter, further contributing to the reduction of our circulating supply. This progressive approach reinforces our commitment to maintaining a controlled and sustainable token ecosystem.

POW / POS / POSE

POW

Mining Overview

Mining is the process of acquiring new cryptocurrencies within a blockchain by adhering to predefined rules known as consensus mechanisms.

The most commonly used consensus mechanism in the crypto industry is Proof of Work (PoW). In PoW, new coins are obtained by solving intricate mathematical problems using computational power. Notably, this consensus algorithm is employed by renowned cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Bitcoin Cash, and Monero.

How It Works

Miners employ specialized equipment to tackle the cryptographic problem presented by the blockchain. This process generates new blocks within the chain, with the hardware required to “solve” the problem to create the subsequent block. The solution involves exhaustively enumerating millions of code combinations, necessitating substantial computational resources and generating a unique value known as a “work” proof or hash.

Once the miner discovers the hash, it is shared with other computers on the network for verification. While other participants can authenticate the hash against the task, they cannot employ it to create a block. The hash key exclusively belongs to the miner who generated it.

The uniqueness of the hash lies in its asymmetry; it is challenging for miners to find, yet straightforward for the rest of the network to verify. Moreover, each hash incorporates information from preceding blocks within the network, ensuring confirmation that all actions occurred within the same blockchain.

Drawbacks of PoW

Firstly, PoW is environmentally detrimental due to its substantial electricity consumption. Mining operations consume massive amounts of power, leading to the rapid obsolescence of computers. Consequently, older equipment is discarded, contributing to electronic waste accumulation.

Secondly, PoW possesses vulnerabilities in terms of security. The consensus mechanism only ensures adequate security when a significant number of miners compete for block rewards. In cases where the network is small, there remains a risk of a malicious actor gaining a majority of the processing power and manipulating the blocks as desired. This scenario is commonly referred to as a “51% attack.”

POS

Blockchain, as you know, is a way of storing information on several computers connected to each other via a network (Internet).

Records of financial transactions are encoded and distributed among network participants, forming blocks interconnected by an inextricable chain. If someone wants to rewrite a transaction or create a new one without the consent of other participants, the system will compare the information with other databases and block the transaction.

Such technology, in principle, protects the cryptocurrency from hackers, scammers, various errors and system failures.

Managing mining on the blockchain with the help of Artificial Intelligence allows you to minimize the time of available transactions and the length of processed blocks at any time necessary. And, accordingly, to minimize energy consumption.

Proof-of-Stake (PoS) consensus algorithm

In order for each user to have up-to-date, complete and reliable information, there is the concept of consensus. If the computer of one of the participants fails, the blockchain will continue to work at the expense of other computers in the network. It is the consensus algorithm, or, in other words, “agreement”, that allows both processing and restoring data in case of failure and does not allow entering fictitious data in case of possible fraud attempts.

What is staking

Staking, as it is commonly understood in general, is a passive income by storing cryptocurrency on a special wallet or account.

The more users store coins in the blockchain, the better and more reliable it works. Users ensure the security of the network and are rewarded for this. It is believed that staking is only possible using the Proof-Of-Stake algorithm, although this is not the correct opinion, just the most common one.

The holder of a cryptocurrency does not need to have technical skills to install and run mining equipment – this makes staking accessible to everyone.

Our project also allows you not to think about the current stock quotes of cryptocurrencies, computing power, mining equipment and its depreciation, and other things, both entertaining and boring. We pay you remuneration regardless of daily performance, monthly, exclusively as a percentage of investments with a fixed annual income and in stable cryptocurrency – USDT

 

TEAM

ANDJEI KOROTKEWIČ
Head of ASTL Project | Poland

EWA GONIACZ
Deputy Director | Poland

KONSTANTIN SIZOVAS
Commerce Director | Lietuva

IRENA WOROČKOWA
Marketing Director | Poland

 

INFORMATION

https://astl.world/

https://www.trustpilot.com/review/astl.io

https://www.facebook.com/groups/astltoken

https://www.youtube.com/channel/UCFykRWbLGFvxZtbKJJM-_Zw

https://www.linkedin.com/company/100060355/admin/feed/posts/

https://www.reddit.com/user/ASTL-Token/

https://twitter.com/astol_ltd

https://t.me/astl_eng

https://t.me/PYramid_Headbounty

https://t.me/PYramid_Head12

 

AUTHOR

Bitcointalk Username: Renays Ellin

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3241572

Wallet Address: 0x12d0a96d064c3adac99ad00c9a2c885ab86959e1