MinePlex software blockchain platform (based on Tezos blockchain architecture), which can change and adapt via the Liquid Proof-of-Stake (LPoS) consensus that combines advantages such as simplicity, high speed of operation and decentralization .
ITSYNERGY.DEV's team had the primary goal — to design and then implement the entire turnkey service, from back-end to mobile apps for iOS and Android .
Implement blockchain technology on Tezos' multi-stage blockchain architecture. Blockchain system: distributed, no third party trustee .
2 tokens should constitute the basis of the ecosystem: MINE and PLEX.
Implement the MINE token plexus to gain a share of the PLEX token .
Blockchain platform Tezos Programming language OCaml
Selected a qualified Ocaml programmer, as well as allocated development stages. As a result, the customer was presented with the development stages with timelines, taking into account the tasks .
Building the MinePlex decentralized system on Tezos' multi-stage blockchain architecture in the OCaml programming language, which provides speed and clear syntax and semantics. The language ecosystem, in turn, makes Tezos and its smart contracts a great candidate for formal proof of correctness .
MINE and PLEX native tokens should constitute the basis of the MinePlex blockchain. On the blockchain platform, MINE tokens are a unit of computing power. The technical characteristics of a MINE token are purchases in the personal account, exchanges for PLEX within the blockchain, and P2P .
It was decided to break up the process of the plexus into cycles. It means that the rights to create and validate blocks are distributed among Plexus Pools in cycles rather than individual blocks. The rights are distributed 5 cycles forward. Thus, a full plexus cycle refers to the time from sending MINE tokens to the stake to receiving the first PLEX token award, which is 12 cycles .
For generating new blocks and confirming them in the MinePlex blockchain, it was decided to develop PLEXUS POOL. To organize PLEXUS POOL, one must deploy a node of the MinePlex network and possess a minimum stake equal to 1 MegaMine (further "MM") = 1,000,000 MINE. For users who for some reason aren't willing to organize their own personal PLEXUS POOL, it'll be possible to delegate their address to one of the PLEXUS POOLs. PLEXUS POOL may charge a fee for providing its services. .
The value of plexus complexity will change in proportion to changes in the variables — total MINE token stack and token issue per block .
As a result of the ITSYNERGY.DEV team's work, the blockchain is implemented according to the allocated solutions, also speeds up and simplifies crypto-fiat transactions of MinePlex:
A single app for card and wallet access is protected by multiple layers of security .
Buying and selling cryptocurrency and fiat within seconds without leaving your wallet .
Paying utility bills, repaying the loan, and sending transfers in crypto and fiat .
All the transactions are being completed directly. They can be verified by transaction parties since they remain in the recording registry .
Security protocol in a decentralized system automatically blocks scammers .
Full 24/7 access to funds .
High safety .
Strong profitability thanks to the liquidity of the PLEX token .
As a result of fruitful work, the product has been successfully released and is continuously maintained and improved by our team
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