The blockchain is one of the most important recent inventions, enabling business and individuals to instantly send money and information over the internet, without the need for trusted third parties. However, current modelling completely forgoes privacy, with the entirety of data and amounts transacted between parties exposed to the public, whilst most real-world applications - health, financial, IoT, etc - require details of their operations to remain undisclosed and are not compatible with a public blockchain system. The coin decentralized cryptocurrencies allow untrustworthy actors to interact via complex smart contracts, safely and without the need for a trusted third party. The blockchain model guarantees fairness with penalization of the parties in the event of contractual breaches or malicious behavior, and compensation of the honest actors. The current model however completely forgoes privacy: all amounts transacted and the involved parties are exposed on the blockchain. We present Glyff, a decentralized smart contract system focused on privacy. Glyff hides financial transaction details from the public’s view and offers programmable privacy using cryptographic primitives called zero-knowledge proofs. Alongside blockchain, electronic cash is additionally rising as an advantage that speculators wherever around the globe incline toward. In spite of the fact that authorities around the globe are exceptionally careful about this kind of advantage, and numerous nations presently can't seem to think of a reasonable legitimate structure for electronic cash, In one day of electronic cash still achieved billions of dollars. This volume won't stop there when the world has in excess of 170 electronic trade exchanging stage with in excess of 100,000 enlisted clients consistently.
The eventual fate of blockchain and in addition electronic monetary standards is extremely hard to anticipate. Yet, at present, the electronic cash industry is still in its early stages, and contains a colossal potential for development. At present, increasingly more improvement stages are set up to address the issues of the customary monetary part, and even location the backfires of recently made current advances. Along these lines, the quantity of monetary arrangements utilizing blockchain innovation is expanding, including Glyff. Decentralized cryptocurrencies such as Bitcoin by S.Nakamoto have somehow popularized the false assumption that cryptocurrencies are an effectively untraceable method for transferring financial value on the Internet and with their recent rise in popularity, law enforcement agencies worldwide have started directly monitoring public blockchains with the goal of tracking citizen’s activities. Newly emerging cryptocurrency systems such as Ethereum promote the idea of running user-defined programs on the blockchain but they lack transaction privacy, all actions and data associated are immediately visible on the blockchain, hampering possible applications of the technology in contexts where secrecy is paramount, e.g. insurance contracts, stock trading, etc; as a consequence there is a need for privacy enhancing technologies and several attempts have been made at creating viable solutions.
istribution
Initial distribution: 50,000,000 GLY
TGE (including pre-sale): 32,500,000 GLY
Glyff reserve: 7,500,000 GLY
Team and early contributors: 5,000,000 GLY
Community and strategic partners: 5,000,000 GLY
Pre-sale phase
Start date : 20 December 2018
End date : 19 January 2019
Token price : 0.11 USD
Discount :25%
Tokens for sale : 6,500,000
ICO phase
Start date : 20 February 2019
End date : 22 March 2019
Token price : 0.13 USD
Discount : None
Tokens for sale : 26,000,000
To find out more. You can connect more with Glyff at the link below:
Website : https://glyff.io/
Whitepaper : https://glyff.io/files/glyff-wp.pdf
Facebook : https://www.facebook.com/Glyff-353989662044849/
Twitter : https://twitter.com/Glyff_io
Medium : https://medium.com/@glyff_official
Author:
BitcoinTalk Username: farukahmed
BitcoinTalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1805372
Eth address: 0xDD08c599318A71F9525ae7D3513525E16cb50F16