KRYPTOPAL
EXCECUTIVE SUMMARY
Despite the widespread acceptance and enthusiasm for blockchain and cryptocurrency,
there are still three significant barriers that could prevent widespread adoption.
because the arena of this technology is new, so it is not easy to integrate into applications and existing ones system by developers who are not experts due to lack of documentation, infrastructure, and
development tools.
Secondly, although the transaction is cryptocurrency-based to gain popularity, latency transactions are limiting the user's ability to perform real-time transactions as they are today.
And finally, there are 6.5 million applications that have been used by more than 4 billion people worldwide, but most of these applications still lack the ability to interconnect commercially and provide a holistic and seamless experience for their users. This need not be frictionalized and limits their ability to retain access to external private accounts (eg a cryptocurrency purse) for payment.
The KryptoPal platform consists of the Software Development Kit (SDK), which can be expanded by the Application Programming Interface (API), the KryptoX Token (KPX), and the secure Smart Contract and payment channels.
Ethics KryptoPal SDK integrates with existing applications, this app is straightforward
connected to the Ethereum blockchain, and the app is interconnected with other apps as it does on a global network, and app users are enabled to interact with each other for
doing a transaction related to cryptocurrency.
The KryptoPal platform can be integrated with any application, browser, or device application to integrate blockchain functionality such as cryptocurrency transactions, smart contracts, read and save blockchain conditions. All that allows new users to be superior and experienced.
Everyday consumers can utilize the power of blockchain to perform functions like the following:
Send, receive, buy, and / or sell cryptocurrency instantly :
• Buy and sell products or services in an interconnected global marketplace
• Redeem and change cryptocurrency
• Receive novel types of prizes and loyalty points of protected cryptocurrency
The KryptoX tokens are an integral part of the platform to be used by consumers
to access premium API features and transact in real-time by opening micropayment channels.
• Serving millions of consumers on the platform through integration with the mainstream
applications around the world
• Use tokens to access our network and cover costs for each triggered transaction
via the KryptoPal platform
• Award tokens for end users
• Open a real-time micropayment channel at zero cost
• Involve merchants with new functions such as buying merchandise, or consuming premium
API funcion, make micropayment, and pay bills
Market Analysis
KryptoPal will provide the perfect solution at the heart of all applications and empower many people around the world with the latest blockchain technology through the platform and network it
bridging the gap between business, applications, consumers, and the emerging world
with blockchain technology and decentralized applications.
The KryptoPal platform has been integrated with every particular type of application or service including wallet, money transfer service, payment network, eCommerce, gaming, banking system, IoT, and POS App.
Current Technology Landscape
Limitations of Mobile and IoT Devices
There is a more significant overhead and is associated with blockchain technology related to storage capacity and computing requirements. This single characteristic currently prevents the use of blockchain on mobile or IoT devices. It is highly unlikely that we see the widespread adoption of different types of cryptocurrency in a wide range of applications and devices available unless the developed technology can reduce storage capacity and overhead computing (bandwidth).
Transaction Overhead
There are several ways for users who can currently transact on cryptocurrency using full or archive nodes, using lightweight clients, or broadcast signed transactions to other nodes.
Full / Archive Node : Complete node, is a device connected to the blockchain that contains the entire transaction history and the current state of the blockchain. In this case, the overhead is the actual storage capacity requirement. The problem is every application requires
consumers who have much access to large storage capacities and this for every blockchain it wants
allows consumers to trade, and has the ability to scale in parallel with blockchain.
This is not feasible, and in many cases the added security provided is less than
what is needed to transact daily smaller.
Light / Embedded Node : Although full security is only possible in a full node with the entire history of blockchain, the lightweight client allows minimal overhead for a very reasonable amount
security (with about 1 KB of data bandwidth needed per second). In a light client, or
"Client is lightweight", it takes the node to download the latest block header to a minimum
requirements for basic functions. In this case, the client should still be able to stay
in harmony with the latest blockchain conditions so there is still some bandwidth or storage capacity
needed to interact on every blockchain.
In most cases, a light client relies on a broadcasting transaction to a full node and will require
provider to host the complete node that is used to deliver the transaction from the user to the blockchain.
ETH : 0x7C8E2754179892058272B7A0E0c71C630002200d
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