YeeCo (YEE) is committed to becoming a decentralized high-performance Internet of Everything infrastructure.
YeeCo (YEE) integrates into the real economy under the high-speed and massive interconnection scenario represented by 5G technology, forms a smart Internet, realizes the combination of blockchain, artificial intelligence, Internet of Things, and 5G technology, and is expected to promote smart medical care and smart transportation , smart city, digital society, asset on-chain and other fields.
Technically based on the brand-new "sharding + layering" high-performance architecture, it adopts a full-shard PoW innovative solution, and uses the original CRFG final deterministic technology to solve the security and efficiency problems of cross-shard and cross-chain transactions .

Targeting

YeeCo's goal is to become a decentralized, high-performance Internet of Everything infrastructure, and serve as a value delivery carrier in high-speed and massive Internet scenarios represented by 5G. YeeCo is based on a new "sharding + layering" high-performance architecture: it adopts a full-shard PoW innovative solution, and uses the original CRFG final deterministic technology to solve the security and efficiency issues of cross-shard and cross-chain transactions.

Core Features

1. High performance: the basic performance is 50,000TPS (under the configuration of existing mainstream machines), and at the same time realizes on-demand expansion, and can achieve up to a million-level TPS by flexibly increasing the number of fragments;
2 . Decentralization: On the basis of achieving high performance, the participation of verification nodes does not require permission, and at the same time, the participation threshold of verification nodes is controlled at a low level, making the YeeCo network more decentralized;
3. High flexibility: Using CRFG's final deterministic technology to realize Layer1 docking with multiple Layer2 cross-chain solutions, making business construction more flexible;
4. High security: Inheriting the security features of PoW consensus such as high attack cost and verification nodes are not easily exposed, CRFG The final deterministic technology can further prevent forks and resist long-range attacks;
5. High intelligence: realize a new generation of smart contracts to meet the needs of the Internet of Things, artificial intelligence, smart cities, smart transportation, smart medical care, smart agriculture, open Application requirements in new fields such as finance.

Application scenario

Asset securitization + global clearing network
ABS, namely Asset-backed Securities, asset securitization. In layman's terms, it refers to the sale of assets that lack liquidity but have predictable income by issuing securities in the capital market to obtain financing in order to maximize the liquidity of high-quality assets. Asset securitization is a direct financing method that raises funds by issuing securities in the capital market and money market. Because banks have the contradiction of short-term deposits and long-term loans, asset management companies are under pressure to recover non-performing assets. Therefore, in the capital market, asset securitization has been favored by banks and asset management companies.
As an independent underlying data storage and verification technology, blockchain technology has the characteristics of intermediary trust, tamper-proof, and transaction traceability. Verify ledger content. The information and funds among various institutions are kept in real-time synchronization through distributed ledgers and consensus mechanisms, effectively solving the time-consuming and laborious reconciliation and liquidation problems among institutions. Moreover, the blockchain can realize the management capability of the entire life cycle of the basic assets, including the data uploading of the whole process of lending, repayment, overdue and transactions, so as to achieve the purpose of real-time monitoring and accurate prediction of cash flow.
In this scenario, blockchain technology cuts in from multiple links in the business process and solves the pain points of multiple parties in the business:
For intermediaries, the degree of confidence in the due diligence of asset securitization products is obvious The efficiency of due diligence has also been improved, and the risk of asset default can be grasped in real time.
For investors, the transparency of the invested property has been significantly enhanced, and the valuation and pricing of secondary transactions have also become evidence-based.
For regulatory agencies, it can meet the requirements of penetrating audit and supervision to a greater extent. It can effectively control financial leverage and prevent systemic risks in advance.
For the project side, the use of blockchain technology increases investment income, reduces financing and communication costs, and makes pre-investment and post-investment management more effective. At the same time, the capital flow is faster and the allocation of funds is more efficient.
Digital Asset Trading Platform Architecture
For global digital asset trading + clearing scenarios, YeeCo will provide a flexible and scalable decentralized digital asset trading smart contract platform, its core It is a decentralized trading system that adopts the deployment of the basic root chain. Users can enjoy a trading experience almost like a centralized exchange while ensuring the security of digital assets. According to the description in the previous chapters of this article, YeeCo's full-sharding architecture design can still reach a system throughput of tens of thousands of TPS under the premise of adopting the PoW consensus mechanism, so it can fully meet the performance requirements of decentralized exchanges.
Digital Order Type Implementation Process
1. Initiate the Create Order operation to the root chain.
2. The root chain sequences the order, freezes the corresponding assets at the same time, and packs the above transaction into a block.
3. The business matching chain reads the block information of the main chain, performs matching transactions, and packs the above transactions into blocks.
4. The basic root chain reads the block information of the business matching chain, and liquidates assets according to the matching results.
Cross-border remittance
In the current real life, there are groups such as immigrants and foreign workers. For this group of people, regular cross-border remittances are required, but in fact the exchange rate of commercial remittances is high, the cycle is long, and it is more complicated for family members to withdraw money. Through YeeCo, a basic public chain for cross-border remittance and transfer can be built. Users can use YeeCo to transfer money between immigrants and their families at low cost and quickly. After receiving the transfer token, the family of immigrants can initiate a demand form to the YeeCo system way to find individuals or services that convert to local currency. After the demand is initiated, individuals or institutions that can meet the demand can
grab orders. After the order grabbing is successful, the exchange rate will be fixed, and both parties will submit the same number of system tokens as guarantee to form a smart contract.
When the initiator of the demand receives the local currency and both parties confirm the completion of the transaction, the party grabbing the order will take back the system token it mortgaged, and at the same time obtain the Token of the demand side; One party will obtain an irreversible evaluation, which will be continuously accumulated with the number and quality of services, and finally form a ranking of various currency exchange service providers in YeeCo's ecology. In order to promote transaction balance, the system will reward the platform Token after some orders are completed, and some orders need to pay a certain amount of platform Token to grab.

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.