The Callisto Network project has already started its activity and is rapidly capitalizing. The main goal that its developers set for themselves is the security of each user's tokens. It's no secret that, despite the dynamic development, the market of crypto-currencies, in general, remains extremely unstable and the course fluctuations here are one of the main problems. Despite all the advantages, Ethereum has a number of obvious drawbacks. The most obvious and most painful one is the breaking of smart contracts, which actually breaks the stability of the operations performed and partially paralyzes uninterrupted work. Transactions are under threat, which means real losses for each of us. this can no longer be tolerated because the technology does not stand still. Understand this and the creators of CallistoNetwork, which will increase the security of transactions.
Callisto network is a blockchain-based platform which uses its private cryptocurrency called CTO. The Callisto network was developed by one of the three ETC development teams called Ethereum Commonwealth.Callisto network also aims at developing and implementing self-funded, self-sustained and self-governed blockchain ecosystem. It also aims at implementing platforms using built-in mechanisms such as the smart contract technology.
To solve the issue of smart contract hacking, Callisto network is integrating the Official Smart-contract Auditing Department for CLO and ETC. This is a great opportunity for smart contract developers to audit their smart contracts.
The Callisto network was created with great confidence from thousands of developers around the world who are working to make the basic blockchain technology faster, stronger and more efficient.
Callisto Network Objectives
• Security of the system of smart agreements. Callisto will investigate this problem by transferring the official audit department of the smart contract to the Commonwealth of Etherium. Smart-contract auditors will be paid at the protocol level (analogue to the franc-contract of the treasury), which will make the audit free of charge for developers of smart agreements.
• Scalability of ETC and CLO networks. It is going to use the mechanisms of cross-coupling of three-dimensional generations (for example, EOS.io and AION). It is planned to improve the scalability of ETS and CLO with the existing effective mechanics.
• New improvements at the protocol level. The ETS community is very conservative. Some of the improvements to the UTS will appear on the CLO network, regardless of whether they are accepted by the other two ETC development teams or not. For example, the protocol of the cold herd and the chain management system. The side chain will come to the rescue with the following protocol changes. It will be entrusted with the functions of the Ethereum Classic test network with the creation of an internal financial assessment. The interchangeability of the so-called smart agreements is planned.
FEATURES
Callisto network is here to boost the growth and adoption of Ethreum Classic as a community and a platform.
The major feature we’re looking at is scalability. ETC had scalability issues and the cryptocurrency called Bitcoin turned out to prossess insurmountable transaction fees and confirmation times.ETC developers are now seeing the sidechain as a new prospect. The sidechain technology is much better because it is a private blockchain attached to its parent through a two-way peg. The sidechain technology allows interchangeability and movement across its chain at a fixed deterministic exchange rate.In essence, the use of sidechains will be better as it possesses its own data sets that are tied to the parent chain. Another interesting reason why sidechain is better is because of its bandwidth released on the ETC main chain.The other problem that was faced by Ethereum Classic (ETC) is the lack of incentive mechanisms for coin holders to retain their coin and which is also an amazing feature for a store-of-value token.Callisto allows ETC use the cold staking protocol in addressing its problems and offering incentives to coin holders for their steadfastness in the network.
Other amazing features on the Callisto network are:
▶ New protocol-level enhancements
▶Smart-contract ecosystem security
▶ Scalability of ETC and CLO networks.
Road map
Q1 2018
Launch test network with the current go-Ethereum client, compatible with Byzantium (Done).
Creating an open infrastructure for developers (Done).
Updating the Classic Ether Wallet purse, adding support for the Callisto network (Done).
Q2 2018
Update the ClassicMask purse, adding support for the Callisto network to it.
Exploring the feasibility of implementing POS and dPOS protocols.
Q3 quarter 2018
DexNS support for Callisto protocol
Launch Testnet 2.0
Create marketing command
Launch the block analysis program with advanced functions, such as:
Convenient, readable transaction view, including smart contract transactions
Token analysis program
Test network support (Callisto, Ethereum, Ethereum Classic )
Q4 2018
Launch of mobile application / purse for Callisto, Ethereum Classic and Ethereum, compatible with Ethereum user nodes.
ETC-CLO swap channel activation
Scheduled hard fork # 1: Realization of cold steak
Q1 2019
Research into eWASM support capability
A new type of address (c-address). Introduction of address abstraction.
Experimental implementation of SWARM.
Q3 2019
Research into the possibility of introducing support for the sidecynes (additional chains of blockage)
Q4 2019
Scheduled hard fork # 2: Internal (management) control system
Main characteristics of Callisto:
Total number of tokens: 6 500 000 000 CLO
Price of the token: 1 CLO = $ 0.024
PoW-algorithm: Dagger Hashimoto
Interval between blocks: ~ 15 sec.
Reward per block: 600 CLO (30% treasury fee)
100% compatible with Ethereum Virtual Machine
Team
Final word
Thanks to the activities of professionals, it is possible to eliminate all potential threats and continue to enjoy quality operations and increase profits for each of us. in the operation of such a project as CallistoNetwork, every holder of crypto-currency and those who are just going to integrate into this segment of the market are already interested.
Thank you for reading my article.
Link to the website - https://callisto.network/#
Group in Telegram - https://t.me/CallistoNet
Official Facebook - https://www.facebook.com/callistonetwork/
Official Twitter - https: // twitter .com / CallistoSupport
Whitepaper - https://drive.google.com/file/d/18NsazbbcMwmas7TIZRbDslIfNCVeLgBY/view
Prepared by
: Bitcointalk Username:chamika888
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329
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