Home Ico Review ChronoLogic ICO Review : Introduction Of Proof Of Time Innovations

ChronoLogic ICO Review : Introduction Of Proof Of Time Innovations

-

Disclaimer

The Information Provided On This Website Does Not Constitute Investment Advice, Financial Advice, Trading Advice, Or Any Other Sort Of Advice And You Should Not Treat Any Of The Website’s Content As Such. Coinworldstory Does Not Recommend That Any Cryptocurrency Should Be Bought, Sold, Or Held By You. Do Conduct Your Own Due Diligence And Consult Your Financial Advisor Before Making Any Investment Decisions.Coinworldstory Will Strive To Ensure Accuracy Of Information Listed On This Website Although It Will Not Hold Any Responsibility For Any Missing Or Wrong Information.

- Advertisement -Ledger Nano X - The secure hardware wallet

About ChronoLogic 

ChronoLogic merges time with the blockchain. It’s introduction Proof of Time innovations for blockchain technologies. ChronoLogic expand the possibilities using time in blockchain projects in industries such as finance, transportation & eCommerce.

Basic Information

Token NameChronoLogic
Token SymbolDAY
Social Media=====
AcceptingETH
Token Price15.38 USD
Total raised8,259,637 USD
CountryUnited States of America
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Centralized Scheduling

The Ethereum platform offers no native way to have a smart contract be called at a specified time in the future, nor a way to make this call recurring. The obvious need for this feature has led developers to create their own solutions. In the (now deprecated) Parity UI4 there was a built-in scheduling feature that would locally hold the transaction in memory before sending it at the desired time. Although the solution worked fine, there were some major drawbacks including the necessity of the user to run their own local node and use the specific Parity client software.

Architecture

The Ethereum Alarm Clock architecture is best described in two symbiotic and differential components. The first component of the Ethereum Alarm Clock architecture are the smart contracts. They are deployed to the Ethereum main chain and operate trustlessly. The second component is the Time Node network. Time Nodes are off-chain execution agents in charge of handling the logic of executions. They can pay the small premium of the bounty without the need to understand the execution flow of the Ethereum Alarm Clock protocol entirely.

Features

Smart Contracts

The smart contracts of the Ethereum Alarm Clock can be thought of as consisting mainly of three parts: Request Factory, Schedulers and Transaction Request Core. Within these three main sections of the architecture are numerous libraries that contain various pieces of the core logic and functionality. There are nine library contracts, two top-level scheduler contracts, contract for Request Factory and one for Transaction Request Core, adding in Zeppelin’s Safe Math and Ownable, brings the total to 15 smart contracts which make the entire Ethereum Alarm Clock architecture.

Time Node

Time Nodes are the off-chain execution agents which represent individual nodes of the decentralized peer-to-peer execution network behind the Ethereum Alarm Clock. The first and primary Time Node action is the execute function while the second action is claim – which go into detail in the next section. Execute is called anytime a Time Node tries to execute a transaction that has been scheduled to be executed. By executing a transaction, a Time Node receives a reward (bounty). This helps incentivize Time Nodes to execute incoming scheduled transactions.

Remote Providers

The effect of sending the claim or execute actions for a scheduled transaction can bring more risks, depending on whether a Time Node is connected to a local or a remote node.
Connecting the Time Node to a remote provider can introduce delays due to network conditions and can facilitate failed claims/executions. Running a local RPC provider node would be the recommended way of running the Time Node to eliminate the risk of slow responses for the RPC requests made by the Time Node. which the scheduled transaction was due to be executed, it will lose its deposit.

Execution Market

Currently in the Ethereum ecosystem there are multiple projects working on their own execution markets for their purpose. The drawback of this approach is that the economic incentive to participate in such a market depends on the amount of delegation available. Protocols and DApps2 will scatter the market into smaller ones, potentially not profitable to join. The solution to this problem would be to conceptualize the common market, so that it is able to handle multiple protocols and DApps. Networks run by the protocol and DApps creators are subject to low censorship resistance.

Team

Member
Eric Weiss
Tosh Sharma
Alexander Shevtsov

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 27 June 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

Disclaimer:

Not all the websites Whi listed in Top List are 100% safe to use or investment. We do not promote any of those. Due diligence is your own responsibility. You should never make an investment in an online program with money you aren’t prepared to lose. Make sure to research the website. So Please take care of your investments. and be on the safe site and avoid much losing online.

- Advertisement -
Loading...

LIVE EXCHANGE DATA

#NameVolume (24H)CoinsTrading PairsAlexa RankBitcoin PriceOfficial Website

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisment -

PRESS RELEASE

Disrupting The Worlds Biggest Investment Market

0
Despite being the most valuable asset class in the World, the technology underlying the real estate investment market has remained largely unchanged for decades....
#NamePriceChanges 24H

Top Gainer

NamePriceChanges 24H
(MEET)
COINMEET
$0.021697.12%
(SHB)
SKYHUB
$0.044764.32%
(GMB)
GMB
$0.0017545.94%
(WEB)
WEBCOIN
$0.0030835.52%
(ARRR)
PIRATE CHAIN
$0.045225.64%

Top Losser

NamePriceChanges 24H
(UTNP)
UNIVERSA
$0.00327-45.45%
(FSN)
FUSION
$0.3653-38.90%
(CPX)
APEX NETWORK
$0.00274-30.68%
(SINS)
SAFEINSURE
$0.2628-28.87%
(LND)
LENDINGBLOCK
$0.00236-24.80%

Latest Crypto News

In what ways is the blockchain technology changing the motor industry?

The motor industry is witnessing some of the biggest changes in its history. Thanks to the advent of new technologies like electric cars, ride-sharing...

What Kind Of Punishment Will The Bitfinex, Which Is About To Go To Court

On July 22, Us Local Time, The Office Of The Attorney General Of New York Issued A Certificate To Usdt Issuer Tether And Its...

A Brazilian City Fortaleza Will Accept Bitcoin For Public Transport

On July 25, It Was Reported That Users Of The Public Transport System In The Brazilian City, Fortaleza, Capital Of The State Of Ceará,...
x