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  • karuschain Ico Review

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    The Karuschain platform uses the Hyperledger software family, our implementation of sophisticated smart contracts (chaincode), and the management of key data flows from legacy systems and innovative hardware throughout the precious metals supply chain.

    Karuschain technology utilizes the Ethereum blockchain to secure its KRS token and the Hyperledger fabric protocol to implement private blockchain systems for enterprise. This ensures the secure management, tracing, and tracking of critical data throughout the precious metals supply chain.

    It’s predicted that in 5 years blockchain will be a crucial technology within the mining industry, with governments and organizations like the LBMA and OECD requiring ever greater levels of transparency.

    Using efficiency enhancing technology Karuschain gives mining companies a powerful tool to safeguard human rights, reduce risks and improve environmental regulations in their supply chain.

    Our enterprise software is modular by design, ensuring versatility that works seamlessly with a broad range of existing industry technologies and use cases enabling the deployment to be customizable, scalable and interoperable.

    Essential Information

    Ico Time
    2020-01-14 – 2020-02-14
    Token Name karuschain
    Token Symbol KRS
    Whitepaper View Whitepaper
    Website Link https://www.karuschain.com
    Price
    0.0391 USD
    acceptable
    ETH, BTC
    Hard cap 10,000,000 USD
    Whitelist/KYC KYC & Whitelist
    Country Gibraltar
    Restricted areas
    USA, CANADA, JAPAN

    More About karuschain:

    The KardiaChain team strongly believes that mankind is soon reaching a stage at which blockchain solutions, especially smart contracts, will help people reach trustless agreement with ease in all aspects of daily situations.
    A fully decentralized internet would bring freedom from the control of large corporations. Project management would be in the hands of end
    users.
    Yet, unlike the current approach where many chains are built with sole purpose to make others obsolete and to become the one chain that fits all, the KardiaChain team expects situations to unfold differently in the real world. Similar to the internet (interconnected-networks) being a gigantic network of networks, expects an internet of blockchains that is a connection between numerous public/permissionless and private/consortium blockchains to form. Each of the individual blockchains will have a different design to serve specific purposes, and we believe they should be embraced for their own uniqueness.
    Hence, there should be a smart ecosystem capable of utilising the collective strength of all existing blockchains and overcoming challenges relating to discoverability and isolation. The KardiaChain team would like think of this smart ecosystem as a single living organism, of which each individual blockchain is an organ or body part, and KardiaChain as the heart that facilitates blood flow (traffic/transactions) to every part of the body at a level depending on their specific need.
    While there are several proposals for inter-chain commu- nications, all of them currently require fundamental changes to existing blockchains and a massive wave of adoption of their protocol/framework from newly created blockchains. In contrast, the unique approach of KardiaChain is practical enough for an easy and fast implementation of inter-blockchain connections which require no change on participating chains. KardiaChain follows an integration without assimilation ap- proach, with focuses on simplicity and ease-to-use from the perspectives of both end users and Dapp developers
    The KardiaChain team takes pride in introducing the KardiaChain smart inter-blockchain ecosystem, on which the KardiaChain team has been working hard, with the strong belief that this will facilitate mass adoption of blockchains.

    The KardiaChain team strongly believes that mankind is soon reaching a stage at which blockchain solutions, especially smart contracts, will help people reach trustless agreement with ease in all aspects of daily situations.

    Yet, unlike the current approach where many chains are built with sole purpose to make others obsolete and to become the one chain that fits all, the KardiaChain team expects situations to unfold differently in the real world. Similar to the internet (interconnected-networks) being a gigantic network of networks, expects an internet of blockchains that is a connection between numerous public/permissionless and private/consortium blockchains to form. Each of the individual blockchains will have a different design to serve specific purposes, and we believe they should be embraced for their own uniqueness.

    Hence, there should be a smart ecosystem capable of utilising the collective strength of all existing blockchains and overcoming challenges relating to discoverability and isolation. The KardiaChain team would like think of this smart ecosystem as a single living organism, of which each individual blockchain is an organ or body part, and KardiaChain as the heart that facilitates blood flow (traffic/transactions) to every part of the body at a level depending on their specific need.

    While there are several proposals for inter-chain commu- nications, all of them currently require fundamental changes to existing blockchains and a massive wave of adoption of

    Blockchain offers an unparalleled level of decentralisation and transparency, with a tradeoff in performance and inter- connectivity. For most single chains, the top priority is scala- bility, or to increase their processing speed, with transactions per second (TPS) as the key metric. A popular technique being used is sharding [1], which is the division of the blockchain into smaller shards (sub-chains) and simultaneous processing of the transactions, promising TPS from thousands to millions. However, even based on theoretical estimations of existing projects, no single chain appears to be able to handle the calculating power needed for mass adoption. For instance, Facebook requires over 16k tps to facilitate major interactions: as every 60 seconds there are 510,000 comments, 293,000 statuses, and 136,000 photos uploaded [2]. On Instagram, 4 billion likes per day would result in over 46k tps [3]. In Youtube’s case, 1 billion hours of video watched per day means nearly 7 million tps, assuming one piece of content is requested every 6 seconds per user session [4].

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