Smilo

Copy link
Share on X

Claim company
Report company

Description

Smilo is a unique hybrid blockchain platform that aims to support decentralized applications (dApps) and smart contracts by blending the security and transparency of public blockchains with the privacy and efficiency of private ones, particularly focusing on privacy and scalability. It stands out due to its ability to offer both public and private smart contracts, making it versatile for a range of applications from financial services to supply chain management. The platform introduces an enhanced Smilo BFT+ consensus protocol, improving upon traditional Byzantine Fault Tolerant mechanisms to offer better security and quicker transaction times. Powered by its native cryptocurrency, SmiloPay (XSP), this platform enables efficient network operations, including transaction fees and smart contract deployment. Positioned as a fork of Ethereum, Smilo emphasizes privacy, operating as a global, open-source platform where users can develop and manage digital value securely and efficiently, ensuring its relevance in the global web3 and blockchain ecosystem.

Similar companies

Sylo

Sylo offers a decentralized communication platform with secure messaging, voice/video calls, and a Smart Wallet for crypto transactions, leveraging blockchain for privacy and user sovereignty.

XELIS

XELIS (XEL) is a pioneering Layer-1 cryptocurrency introduced in 2024. Developed from scratch with a focus on privacy, it utilizes advanced technologies such as BlockDAG with 15-second blocks, homomorphic encryption, and smart contracts. The project i...

MILO

MILO uses blockchain to turn user reviews into valuable assets, enabling their transfer and sale and promoting symbiotic growth between businesses and consumers.

Zilliqa

The world's first high-throughput public blockchain platform.

Grin Pay

Grin Pay is a MimbleWimble-based privacy-centric payment solution offering secure, scalable, and confidential transactions with GRIN cryptocurrency for low-cost, fast payments.

Silo Finance

Silo Finance is a non-custodial lending protocol enabling secure, permissionless borrowing of any crypto asset through isolated Silos and efficient liquidity management.

Elixxir

Elixxir, led by pioneer David Chaum, offers a blockchain for instant, private communications and payments, focusing on scalability and privacy with a pre-computed process to boost speed without compromising security.

Praxxis

Praxxis offers a blockchain with a unique consensus for scalable, secure, and fast crypto transactions, aiming for mass adoption and privacy in digital finance.

DarkFi

DarkFi is a web3 project offering privacy-preserving tools in DeFi, using cryptographic techniques like zero-knowledge proofs for anonymous transactions and communications, targeting a surveillance-resistant ecosystem.

Smolverse

Smolverse, a fantasy ecosystem on Ethereum, offers NFT-based storytelling, community engagement, and digital collectibles with unique avatars and DeFi elements for immersive experiences.

SMART BLOCKCHAIN

Smart Blockchain leverages innovative DPoS consensus and Google Protocol Buffers to offer high scalability, fast transaction speeds, and low fees.

ORIGO

ORIGO offers private smart contracts via advanced cryptography, ensuring data privacy & scalability for secure dApps transactions.

FAQ

What is Smilo's primary purpose in the blockchain ecosystem?

Smilo is a hybrid blockchain platform designed to support decentralized applications (dApps) and smart contracts. It combines the security and transparency of public blockchains with the privacy and efficiency of private blockchains to offer secure, fast, and confidential transactions and application operations. Smilo is particularly focused on privacy and scalability to cater to a wide range of use cases.

How does Smilo differentiate itself from other blockchain platforms?

Smilo stands out due to its emphasis on privacy and scalability. It offers a unique hybrid blockchain infrastructure that supports both public and private smart contracts. Through its innovative Smilo BFT+ consensus protocol, Smilo enhances security while achieving faster transaction speeds compared to traditional Byzantine Fault Tolerant mechanisms, making it a robust solution for diverse applications.

What role does SmiloPay (XSP) play in the Smilo ecosystem?

SmiloPay (XSP) is the native cryptocurrency of the Smilo ecosystem. It is used for transaction fees, smart contract deployment, and other network operations, ensuring the efficiency and decentralization of the blockchain environment. By utilizing SmiloPay, users can partake in a secure and private decentralized application landscape while benefiting from the platform's enhanced speed and reliability.

Which industries or applications can benefit from using Smilo's blockchain?

Smilo's blockchain is versatile, catering to a wide range of use cases including financial services and supply chain management. The platform's hybrid structure supporting both public and private smart contracts makes it ideal for industries that require privacy and scalability, allowing for confidential and efficient digital transactions and decentralized application operations.

How does Smilo ensure transaction speed and security on its platform?

Smilo utilizes the Smilo BFT+ consensus protocol, an improved version of traditional Byzantine Fault Tolerant (BFT) mechanisms. This advanced protocol provides enhanced security and faster transaction speeds, ensuring robust and swift operations on the Smilo platform, meeting the demands of both public and private blockchain environments.

What should users do if they encounter issues deploying dApps on Smilo?

If users experience issues deploying decentralized applications on Smilo, they should first consult the platform's comprehensive documentation and support resources. Engaging with the Smilo community via forums or social media can also provide insights and troubleshooting tips. For persistent issues, reaching out to Smilo's technical support team for specialized assistance would be beneficial.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Tags

Similar companies