This decade has already witnessed an extraordinary evolution in the technology and computing ecosystem. Technology innovation and its impact is already running very high. From IoT to Artificial Intelligence to Blockchain. Each of them have a disruptive force within multiple industries and Blockchain is termed as one of the most disruptive technology of today. So much so, Blockchain has potential to change almost every industry today and its working. The applicability of Blockchain because of its advantages and pervasiveness has already picked up stream and seems like it will continue to long time to come. Blockchain is not a new technology however it has gained super momentum in last couple of years. It is a big leap forward in terms of things about decentralized and distributed applications. It is about thinking of current architectural landscape and strategize to move towards immutable distributed databases. The advantages and many and helping organisations reach out to their stakeholders without requiring any central authority and intermediaries.
Like many ideas in the blockchain industry, a general confusion shrouds so called ‘smart contracts’.A new technology made possible by public blockchains, smart contracts are difficult to understand because the term partly confuses the core interaction described.While a standard contract outlines the terms of a relationship (usually one enforceable by law), a smart contract enforces a relationship with cryptographic code.Put differently, smart contracts are programs that execute exactly as they are set up to by their creators.
First conceived in 1993, the idea was originally described by computer scientist and cryptographer Nick Szabo as a kind of digital vending machine. In his famous example, he described how users could input data or value, and receive a finite item from a machine, in this case a real-world snack or a soft drink.
It’s worth noting that bitcoin was the first to support basic smart contracts in the sense that the network can transfer value from one person to another. The network of nodes will only validate transactions if certain conditions are met.
By contrast, ethereum replaces bitcoin’s more restrictive language (a scripting language of a hundred or so scripts) and replaces it with a language that allows developers to write their own programs.Ethereum allows developers to program their own smart contracts, or ‘autonomous agents’, as the ethereum white paper calls them. The language is ‘Turing-complete’, meaning it supports a broader set of computational instructions.
Smart contracts can:
- Function as ‘multi-signature’ accounts, so that funds are spent only when a required percentage of people agree
- Manage agreements between users, say, if one buys insurance from the other
- Provide utility to other contracts (similar to how a software library works)
- Store information about an application, such as domain registration information or membership records.
Asset Split is the place to split up your valuables with the help of smart contract technology, to get fresh capital to drive your project ́s growth. The use of the ASN services currently requires a web3-capable browser or the Metamask browser extension to access data from the blockchain. From Q2|2019, the use of ASN smart contracts will also be possible via an interface for non-web3-capable internet browsers. This option is primarily developed and integrated to be fit for the mass market. We, as well as our potential customers, rely on the “code is law” strategy of smart contracts. The entire backbone of the ASN is not a database in the traditional sense but smart contracts, which, with the help of the Ethereum Protocol, store and call the data in and from the blockchain in a decentralized manner. All data can be accessed permanently and the access point does not require a pre-defined frontend. This design makes it possible to build a frontend application – decentralized in the web. The following explanations are for illustration of the contract structure that makes up the ASN backend.
All of our payable contracts (including ASN token sale contract) are owned by ASN share manager contract, where all incoming EAST and ETH are distributed to the shareholders. After the token locking period time’s up, you can payout your investment anytime and close your share. Profits can be withdrawn anytime.
- Earn ETH from every EAST token purchase
- Get ongoing payments from services
- Offer parts of your share to others
Ethereum Asset Split Token (EAST) is a low total supply (150,000) ERC-20 token. It is used as primary payment method for ASN services. A further usage of EAST is the aquisation of profit-shares from our platform.
When locking 1,000 EAST in your owned ASN smart contract, you will receive 1% platform turnover – included Ether payments from EAST token sale and all EAST | Ether payments for services.
1 Ether = 100 EAST
1 Share = 1000 EAST
2% Bonus for investments of 1+ Ether
5% Bonus for investments of 5+ Ether
10% Bonus for investments of 10+ Ether
For more information please visit:
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5091558
Bounty thread: https://bitcointalk.org/index.php?topic=5097400.0
Asset Split Channel: https://t.me/assetsplitnetwork
Asset Split chat group: https://t.me/eastofficial
Asset Split Bounty group: https://t.me/AssetSplit_BountyChat
Bitcointalk username: pageraji
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1153822
Telegram username: @KukiloSki
ETH address: 0x7bdf35C638AC00d1A21F9Df3A1e632B30Fa058aC