Ccoin Network Whitepaper
v1.3

Disclaimer

 

This paper – CCOIN NETWORK Whitepaper – is made strictly for informational purpose.

CCOIN NETWORK does not guarantee the accuracy of the conclusions reached after being studied.

 

            CCOIN NETWORK does not provide, express or imply any warranties and is not limited to:

1. Warranties of commercial exchanges suitable to a particular purpose, agreement, usage or balance of trade;
2. The document’s details may contain errors of interpretation;
3. Fulfilments of legal rights of third parties;

 

CCOIN NETWORK assumes no liability for any form of usage, exchange or reliance damages even if one is informed about the possibility of such damages.

 

CCOIN NETWORK must not be chargeable by any means to any entity for damages, losses, costs or expenses of any kind whether direct or indirect, consequential, compensatory, incidental, actual, commendable or special for using or referring to this document (whitepaper), or to any part of its content, including without limitations any loss of business, income, profits, data, goodwill or other intangible losses.  

 

This document is not approved by any governmental authority. CCOIN NETWORK Whitepaper is only available on SourceLess.io website and must not be shared, reproduced or transmitted to any other entity or published, partly or entirely, for any purpose without prior written consent of CCOIN NETWORK OU. In addition, the document must not be transmitted to any country or territory in which its circulation or content is prohibited or restricted.

 

Every single entity (legal or not) in possession of this document (whitepaper) must inform him/herself, comply with relevant, legal and regulatory restrictions to which one may be subjected and seek all necessary professional advice to it.

 

INTRODUCTION

 

The turn of the calendar year is a popular time to reflect on the prior one and look ahead to the next.  

 

While the sudden and remarkable explosion of non-fungible tokens (NFTs) in 2021 showcased yet another mainstream application for blockchain, the past year in crypto was largely marked by consistent growth and maturation in conversation around new use cases and benefits of blockchain and crypto.

 

The emergence of new Central Bank Digital Currency (CBDC) projects, deepening policy and regulatory discussions, and a wider embrace of crypto by traditional financial institutions all signaled the technology’s continued growth within mainstream finance. 

 

So, what do the next twelve months hold? According to CCOIN NETWORK’s leadership, 2022 will include a steady drumbeat of new entrants and applications, increased utility and wider adoption around the world for blockchain and cryptocurrency innovations. 

 

Explosive Growth in Crypto Payments  

 

The persistent and global nature of the pandemic continues to highlight inefficiencies within the world’s domestic and cross-border payment systems. This was exacerbated as remittances to low- and middle-income nations roared back to growth in 2021, putting pressure on inefficient cross-border payment systems. 

 

Brooks Entwistle, Managing Director of APAC & MENA, points to the multiple CBDC projects over the last year and their link to national real-time payments systems that are motivated to help improve inadequate payment rails.

 

He believes this has cleared the way for even more crypto efforts to get off the ground in 2022 and better serve this rapidly growing demand. There is strong potential for new CBDC initiatives, increased investment in, and activity by, crypto-based payment innovators, and collaboration between traditional financial institutions and crypto companies. 

 

In general, Entwistle expects a renewed focus on real-world applications and tangible business outcomes, all of which could lead to even greater growth for SOURCELESS ECO-SYSTEM  

 

“While remittances will continue to be a key use case, we can expect other applications to rise to the fore, such as trade flow or treasury management,” said Entwistle. 

 

Interoperability is also a common theme for 2022 amongst the CCOIN NETWORK  leadership team, particularly in its ability to help realize more mainstream adoption and applications for crypto. 

 

Long is adamant that the future of crypto is a multi-chain world. Ethereum – a popular blockchain for the creation and consumption of NFTs – has recently faced scaling issues. For Long, these technical challenges highlight the need for cross-chain interoperability to manage growing developer demand. 

 

“Developers crave the ability to build bridges between networks to meet their specific use cases,” she said. “Achieving this interoperability will be key to breaking down the barriers for broader crypto adoption.” 

 

The need for interoperability is echoed by Birla, who predicts that if decentralized exchanges can utilize cross-chain noncustodial wallets, they will overtake centralized ones for overall market share in 2022. 

 

Ultimately, 2022 will be defined by mainstream expansion and improved customer experience. Overlapping efforts from regulators, central banks, traditional financial institutions and crypto innovators will all build on the past year as an inflection point that will push the industry forward.

 

Customers and consumers alike will benefit from improved infrastructure, user experience, regulatory clarity and interoperability as crypto becomes a critical element of the new normal in finance.

 

CHAPTER 1. MARKET DESCRIPTION
AND ITS PROBLEMS

 

Financial infrastructure is currently a mess of closed systems. Gaps between these systems mean that transaction costs are high and money moves slowly across political and geographic boundaries. This friction has slowed the growth of financial services, leaving billions of people underserved.

 

To solve these problems,  we build financial infrastructure that supports the kind of organic growth and innovation we’ve seen from the Internet, yet still ensures that financial transactions are recorded accurately .

 

A decentralized worldwide financial network could remove barriers to entry, allowing new, innovative participants — who may possess only modest financial and computing resources — to become part of the network’s infrastructure and extend access to unserved communities.

 

A network with low barrier to entry will spur organic growth, but it also means no longer relying solely on established financial institutions to record transactions accurately. Rather, all participants ensure accuracy by agreeing on the validity of one another’s transactions. This agreement hinges on a mechanism to reach worldwide consensus.

 

We introduce the SOURCELESS BLOCKCHAIN, a model suitable for worldwide consensus SOURCELESS BLOCKCHAIN is the safe consensus mechanism that simultaneously enjoys four key properties: decentralized control, low latency, flexible trust, and asymptotic security.

 

CCOIN token is a crypto token that serves all use cases within a specific financial in the SOURCELESS ecosystem. CCOIN token is unique to its ecosystem.

 

CCOIN tokens are not mineable cryptocurrencies. CCOIN tokens are pre-mined, being created all at once and distributed in a manner chosen by the team behind the project. CCOIN tokens represent the financial core of SOURCELESS ECO SYSTEM.

 

CHAPTER 2. CCOIN NETWORK DESCRIPTION

 

2. a) Definition

 

Ccoin Network is a fintech system based on blockchain technology having as main attributions the transfers of money p2p, p2p and b2b, to the quality the taxes trading but also to be able to offer discounts of 2.5% – 5% on the use of the Visa card type issued under the Ccoin Network logo but also the discount applied to the use of the Ccoin Network POS.

 

Ccoin Network’s motto and the basis of the fintech ecosystem: money sent = money received.

 

Digits:

• Ccoin Network / CCOS Amount issued: 63,000,000 CCOS
• Maximum amount in the market: 21,000,000 CCOS
  (update on 15.07.2021)
• Amount used by CCoin Network Fintech – blocked and available only for payments, transfers, etc. is: 42 000 000 CCOS

 

2. b) Finance

 

b1) Merchant / Payment Portal through Ccoin Network

 

Companies can choose from two collaboration options: affiliate or partner.

 

Ccoin Network can be used for online payments as well as for physical payments through the Ccoin Network POS, or by using online applications for Android, iOS or partner digital wallets (Metamask, Trust Wallet, Wallet.ccoin.uk).

 

When accepting payments through Ccoin Network, more than 100 types of cryptocurrencies by debit card or credit adjacent services from third parties such as Paypoint mone, but also payments through type payment services (revolut, monese, crypto.com, etc.). But it can also opt for international type bank transfers IBAN, SEPA or Swift.

 

Depending on the type of classic payment solution (at FIAT-Crypto) time payment processing differs: whether to payments by card or other similar services which allow real-time confirmation, processing and purchase time is under one minute, including by payment to the Ccoin Network POS, to bank transfers, will be a trading time between 24 and 72 hours, required due to the limitations of this type of transfer.

 

b2) Classic payment acceptance systems vs Ccoin Network

 

The benefits of Ccoin Network are clear, easy to identify and understand, especially in the idea of the growing adoption of cryptocurrencies worldwide but also greater adoption of fintech banking services vs. traditional banking, due to the high costs of unjustified processing times for bureaucratic procedures cumbersome but also limitations that are often unjustifiably imposed.

*all other systems similar money transfer Western Union, Moneygram, Smith & Smith etc.

 

b3) Ccoin Network – financial fuel (crypto-fuel)

 

From an economic point of view, a financial ecosystem cannot cancel costs generated by transactions the actual movement of values generates costs. They are aplies to this day in all that means fiat money in the systems classic values transport, virtual or physical.

 

Through Ccoin Network, this becomes possible with the actual application in CCOS cryptocurrency trading (at this time, ERC20 token, Ethereum, after migrating to the maturity and fullness of a cryptocurrency itself standing, on its own Blockchain).

 

The principle applied in Ccoin Network: the cryptocurrency is the fuel behind any traded value. The value is given by itself, by the cryptocurrency that it acquires by adopting and trading in the purpose of fulfilling the objective, that of canceling the generated costs.

 

2. c) The technology applied on the Ccoin Network fintech

 

Considering today the difficulty of trading any cryptocurrency, from acquisition and exchange in fiat currency or vice versa, in cryptocurrency, as well as fluctuating price, enormous volatility, but also the need for knowledge in trading, or huge commissioners, we created the Ccoin Network ecosystem, what will manage transparently, predictably and securely any transaction that members they will want you, with the minimum of necessary knowledge.

 

Effectively, banking as a service (saas) and the blockchain ecosystem, merge for to fulfill the basic purpose of any cryptocurrency: benefits for the community. In Ccoin Network, members and users benefit from a platform – saas banking, which allows them to trade classical but also what with the help of cryptocurrencies a crypto currency exchange based on an integrated AI, necessary to reduces possible human errors or lack of knowledge in trading cryptocurrencies, from various issues such as choosing the best one price as well as the risk of volatility in the cryptocurrency market.

 

Through Ccoin Network, we can talk about price stability used in crypto trading in fiat currency, similar to trading a Stable coin.

 

2. d) The CCOIN financial system will benefit from ISO 20022

 

ISO 20022 is a single standardisation approach (methodology, process, repository) to be used by all financial standards initiatives.
Ccoin Network will have a multi part International Standard prepared by ISO Technical Committee TC68 Financial Services.

 

• a modelling methodology to capture in a syntax-independent way financial business areas, business transactions and associated message flows;
• a central dictionary of business items used in financial communications;
• a set of XML and ASN.1 design rules to convert the message models into XML or ASN.1 schemas, whenever the use of the ISO 20022 XML or ASN.1-based syntax is preferred.

CHAPTER 3. CCOIN NETWORK POWERED BY SOURCELESS HYBRID BLOCKCHAIN

 

HYBRID BLOCKCHAIN: this type of blockchain is made through a mix between the private and the public blockchains and supports many customization options, such as allowing anyone to join the authorized network after proper verification of their identity and assigning selected designed permissions to perform only certain network tasks.   

 

            These type of blockchain is built in order to grant special permissions to each participant. This allows participants to be able to perform specific functions (reading, accessing and writing information in the blockchain). Companies are opting even more now for authorized blockchain hybrid networks, as they can place restrictions during network configuration and control the activities of different participants in the desired roles.

 

SourceLess Hybrid Blockchain is best defined as a blockchain that uses the best solutions of both public and private networks. SourceLess Hybrid Blockchain means both controlled access and freedom.

 

SourceLess Hybrid Blockchain architecture is distinguished by the fact that is not open to anyone, but still offers blockchain specific functions such as integrity, transparency and security.

 

Considered the internet of values – WEB 3.0 is among the top disruptive technologies alongside Artificial Intelligence, Internet of Things, Augmented Reality or Robotics and is an integral part of SourceLess Blockchain.

 

CHAPTER 4. WRITING THE SYSTEM

 

          Security and privacy

 

            First of all, we need to make a first distinction between anonymity and confidentiality in the context of transactions of any kind, whether we are talking about financial transactions or data transactions. It is called an “anonymous” transaction when no one knows your identity and a “confidential” when the transaction and its content are unknown.

 

SourceLess Blockchain ensures this anonymity with the help of secure, credible and accredited companies in the fields of Know Your Customer (KYC) and Anti Money Laundering (AML). Specifically, when a user creates an account in SourceLess Blockchain, he is anonymous at the time of creating the account, but then he must provide his identity data to a third company which will KYC and AML verify him and also certify that the WNFT and the registration in the blockchain are the same as in reality.

 

The anonymity part only works when the transactions are written in the blockchain and does not violate the law. When a user breaks the law, the force structures can directly access the third-party company providing the KYC & AML services and clearly identify the user who committed the illegality. This rule will coerce SourceLess Blockchain user, through the identity he is assuming and certifying, not to violate the law, fact that demonstrates that our product is considered 100% WHITE LABEL.

 

The security in SourceLess Blockchain is also based on +256 KB data encryption. At this moment, no one can create a fracture into a 256 KB encryption, thanks to patented and confirmed security standards IEEE STD 1363.1 and OASIS KMIP, which specify that any type of AES256 bit encryption will be based on an algorithm with the level of security appropriate to the attacks initiated by Quantum Counters.

 

The SourceLess Blockchain system is created to have the possibility of initiating an upgrade regarding Quantum Computers, a fairly clear component in which any type of connection with a Quantum Computer is identified and automatically removed. In the written code of SourceLess Blockchain, everything that becomes Quantum Resistant starts from the military grade encryption to the piece of code that rejects a certain number of connections with a particular node directly.

 

An important perspective of SourceLess consists in the importance of SNARK, not-interactive zero-knowledge proofs, which refers to the proof of the construction in which the possession of an information can be proved, without showing that information and without any interaction between the one who asks for proof and the one who checked it. ZK (Zero Knowledge) translates to information verified without making it public.

 

For a platform to be truly considered decentralized, it must eliminate the possibility of manipulation or control shown by centralized entities, which cannot happen without confidentiality. Recent incidents in the spectrum of security and privacy have shown the need to protect one’s identity and data has never been a higher priority.

 

With the help of the distributed ledger technology (DLT) protocol, which allows the existence of a decentralized database, SourceLess Blockchain removes all security risks from the system, including the authority of a person/entity and distributes it to all the users in the network.

 

In a centralized system with a common server and a commonly known network architecture we can observe different types of vulnerabilities, based on a very defined attack point, to which is added the human factor. In these conditions, those vulnerabilities can persist and also cause damage. In the recent years, hospitals, state institutions, public or political persons using centralized systems have faced ransomware attacks that in the first phase, in order to produce effects, must identify a clear target.

In SourceLess Blockchain it is impossible to identify the target or central point, since the database is both encrypted and then randomly distributed among the users with the help of DLT. All the copies are then stored in the network. For such an attack to be successful, this decentralized database should be attacked and corrupted at the same time. Under these circumstances, not having a central point that can be attacked and not having the possibility to attack all the nodes at once, our system becomes 100% immune by definition.

 

DLT has a much more substantial role than encrypting information and distributing it to the users specifically, it has the role of getting each participant to contribute automatically with some of his memory and processing power for the well function of the network and to create information in a much faster way, taking out the standard and turning it into a database more accurate, easier to maintain and valuable correct.

 

By using DLT technology and by distributing the amount of information throughout the network, the information can be accessed faster in 90% of the cases and can be distributed among each member of the network respectively, with certain rights. The yield in the network is increasing, making our product eco-friendly and carbon free.

 

Also, the DLT technology together with the ZK-SNARK allow SourceLess Blockchain to minimize the number of nodes in the network, so that each device becomes a node, joining each other node from the database. In terms of efficiency, this process is becoming faster and cheaper, with no other solution more cost effective in our days.

 

 

Distributed Ledger Technology (DLT)

 

            DLT is a digital data transaction registration system in which transactions and their details are recorded in several places at the same time. Unlike other traditional databases, distributed ledgers do not have a central repository for a well-constructed administration functionality.  

 

            In a distributed ledger (DL), each node processes and verifies each item at a time, thus generating a record of each one and creating a consent of its veracity. A distributed ledger can be used to record static data, such as a ledger, but also dynamic data, as data transactions are doing.

 

Blockchain is a well-known example of
distributed ledger technology

 

            DLT is specifically reflected into the technological infrastructure and protocols, allowing access, validation and simultaneous updating of the records characteristics, the distributed registers and multiple entities or location operations.

 

DLT uses cryptography to securely store data, cryptographic signatures and keys which allow access only to those authorized users. Also, this technology creates an immutable database, which means that information once stored, cannot be deleted and all the updates are permanently recorded for posterity.

 

The system architecture represents a significant change in the way information is collected and communicated by moving the record from a single, authorized location to a decentralizes system where all relevant entities can view and modify the register.

 

As a result, all other entities can see who is using and modifying the ledger. The transparency of DLT provides a high level of trust among the participants and it practically eliminates the possibility of fraudulent activities appearing in the register.

 

In essence, DLT removes the need for entities of using the register to rely on a central trust authority which controls the register or on a third-party supplier to fulfil this role.

 

The enthusiasm in DLT has grown significantly in the decade before Bitcoin’s launch, in 2009, as a cryptocurrency powered by blockchain technology and the first to demonstrate that DLT technology not only works, but is able to scale and stay secure at the same time.

            A company for example, may have different bits of data owned by each of its divisions which contribute to a centralized database only periodically.

 

The great process of DLT is its ability to diminish or eliminate the often time consumption and to end error prone processes needed to reconcile the different contributions to the registry, to ensure that everyone has access to the current version and that its accuracy can be trusted.

 

The terms DLT and Blockchain are often used together and sometimes even interchangeably. However, they are not the same. The easiest way to define them is: Blockchain is a type of DLT, but not all distributed ledger technology uses blockchain technology.

 

This confusion is understandable, given the grown interest in such technologies, since the advent of Bitcoin and how interchangeable the technologies in actual use can be.

 

Both are used to create decentralized registers using cryptography. Both create immutable records which include time stamps. Both are considered almost unattainable, can be public, making them open for anyone to use as in the case of Bitcoin, or can be made private and thus restricted to authorized users who agree to certain standards of use.

 

The major difference between the two is that Blockchain uses blocks of data that are chained together to create the distributed regulator, as the name describes it, while DLT also includes technologies that use other designs principles to create a distributed ledger. To be considered a DLT, the technology does not have to structure the data into blocks.

 

            Peer-to-Peer (P2P)

 

            A peer-to-peer (P2P) network is a group of computers, each one acting as a node for sharing files within the group. Instead of having a central server acting as a shared drive, each computer acts as a server for the files stored on it.

 

When a P2P network is established over the Internet, a central server can be used to index files or to set up a distributed network where file sharing is accepted between all users on the network which store a particular file. 

 

Elementary speaking, a peer-to-peer is a simple network in which each computer doubles like a node and as a server for the files it owns exclusively. These are just like a home network or an office network. However, when P2P networks are established on the internet, the size of the network and the files available allow sharing huge amounts of data. Early P2P networks like Napster used client software and a central server and later networks like Kazaa and BitTorrent removed the central server and split their sharing tasks between multiple nodes to free up bandwidth. P2P networks are usually associated with internet piracy and illegal sharing of fact sheets.

 

ZK-SNAKR

 

ZK-SNARK is an acronym for Zero Knowledge Succinct Non-Interactive Argument of Knowledge. A ZK-SNARK is cryptographic evidence that allows one of the parts to demonstrate that it has certain information without disclosing it. This proof is possible using a secret key created before the transaction takes place.

 

A ZK-SNARK uses a concept knows as “zero-knowledge proof”. The idea behind this was first developed in the 1980s. Putting “zero-knowledge proof” is a situation in which each of the two parts in a transaction is able to verify each other shared information, without revealing, at the same time, what that information is.

 

For most other types of evidence, at least one of the two parts must have access to the information. A traditional proof of that can be compared to a password used to access an online network. The user sends the password and the network itself checks the content of the password to verify that it is correct. To do this, the network must also have access to the content of the password.

 

A Zero-Knowledge Proof version of this situation would require the uses to prove to network (though mathematical evidence) that he has the correct password, without revealing the password itself. The advantages of confidentiality and security in this situation are clear: if the network does not have the password stored somewhere for verification purposes, the password cannot be stolen.

 

The mathematical basis of ZK-SNARK is very complex however, such evidence enables one of the parts to demonstrate not only that there is a certain amount of information, but also that the part concerned is aware of that information.

 

In SourceLess Blockchain, ZK-SNARK’s bases can be checked almost instantly and the protocol does not require any interaction between the user and the verifier.

 

Another attribute of ZK-SNARK in SourceLess Blockchain is its ability to minimize up to below 1MB the nodes in the network, making it possible to place a node at each wallet holder.

 

CHAPTER 5. PROBLEMS SOLVED

 

            Web 3.0

 

            Web 3.0 is the next stage of web evolution that would make the internet smarter and have the ability to process information with an almost humanoid intelligence through the power of AI systems, which could run intelligent programs in order to help the users.

 

Tim Berners-Lee came to the conclusion that the semantic web is meant to “communicate automatically” with systems, people and devices at home. As such, content creation and decision-making processes will evolve in both humans and machines. This would allow the ability of a faster way of creating and distributing content directly to each internet consumer.

 

There are some fundamental differences between Web 2.0 and Web 3.0, but decentralization is among the most important one of them.

 

            The beginning of a new era

 

            Now that we have understood what Web 3.0 is, let’s go deeper into what Web 3.0 has to offer. Web 3.0 is mostly built on three new layers of technological information: edge computing, decentralized data networks and artificial intelligence.

 

In Web 3.0, developers do not typically build or implement applications that run on a single server or store their data in a single database (usually hosted and managed by a single provider cloud).

 

In comparison, Web 3.0 applications either run on blockchains, decentralized networks of many peer-to-peer nodes or on “a combination of the two that form an economic crypto protocol”. These apps are often referred to as dapps (decentralized applications) and this term can be seen really often in web 3.0.

 

Benefits of Web 3.0

 

            We are going through a revolution that will completely change our lives. Web 1.0 was all about building basic technologies and the ability to connect via internet. Web 1.0 has ahead of what Web 2.0 had to offer but it was primarily controlled by organisations and corporations in their own interest.

 

Web 3.0 reduces the need for human interaction, providing privacy and security to users and more power than have ever had before. The vision about Web 3.0 has changed in the last 7-8 years with the introduction of blockchain and Bitcoin. Now, the Web 3.0 focuses more on the decentralized features and the what blockchain has to offer.

 

          Anti-monopoly and pro privacy

 

            Web 3.0 will bring a pro privacy and anti-monopoly structure to the network and will not boost centralized platforms.

 

In fewer words, we will move to a completely opposite direction, where the central theme will be focused on privacy and decentralization. The middle man will not be aware of any business or obligation for this type of platform. This move will be facilitated with the help of CCOIN NETWORK.

 

            Secure network

 

Web 3.0 features will be more secure than its predecessors. This is possible due to two factors: the distributed nature and decentralization. Hackers or exploiters will have problems penetrating the network. Also, if they are able to do so, each of their operations can be tracked and withdrawn from the network. Without centralization, it will become tough for hackers to take full control of an organization.

 

            However, blockchain based platforms suffer from some form of exploitation, such as the 51% attack, but most blockchain applications and platforms can be quickly corrected for defending from these types of threats.

         

Data ownership

 

            It will be easy for users to trust Web 3.0. Until now, user-generated data was stored and used by large corporations. With Web 3.0 functions, end users can expect full ownership of their data. The data transferred over the network will be fully encrypted. Users will also be able to decide what information they want to share with corporations or advertising platforms.

 

On the other hand, the current trend is a completely different one. With Web 3.0 functions, users can now sell their corporate data and gain from it.

 

Interoperability

 

            Interoperability is one of the main features of Web 3.0. With a decentralized network, it will become easier for apps to work on different devices and platforms: TVs, smartphones and so on. It will also be easier for developers to promote Web 3.0 applications.

 

            No interruption in service

 

            Distributed systems are less prone to service interruptions. Since there is no central entity that works, it becomes difficult for an attempt to distribute service denial (DDoS) or other forms of service malfunctions to have an impact. This makes Web 3.0 a great place to share essential data and services without worrying about service interruptions.

 

            Blockchains without permission

 

            The idea behind Web 3.0 is to empower blockchains that they don’t need a central authority. This means that anyone can join the blockchain and participate by creating just an address. Blockchains without permission open up a new range of possibilities, including access to people discriminated for their gender, income, geography and many more. This means that there will be no restrictions whatsoever on Web 3.0.

 

            Semantic Web

 

            Web 3.0 will also host the properties of a semantic web. Semantic webs had improved a lot over the last years and are more complex than the latest set of technology, the one used for Web 2.0. They allow data to be shared across multiple community systems, platforms and boundaries and will act as a bridge between different data formats and platforms. By using the semantic web, we will be able to connect, share and enjoy the Internet better than ever before. 

 

            Ubiquity

 

            Ubiquity is the result of interoperability. With Web 3.0, we can access data and information through multiple applications without being limited to a specific device, so you will not have to worry about accessing the Web 3.0. If a device has basic internet functionality and connectivity, you are able to access the Web. All in all, our lives will change completely as we will be connected through a better set of technologies, such as artificial intelligence, blockchains and many others.

 

The result: a compatible human-centric computer science network which preserves privacy for the next wave of the Web. AI and machines learning algorithms have become powerful enough to create useful predictions and actions, sometimes even lifesaving. When layered over the new decentralized data structures, potential applications go far beyond targeted areas.

 

In Web 3.0, identity also works differently from what we are used to today. Most of the time, in Web 3.0 applications identities will be linked to the wallet address of the user interacting with the app in cause. Unlike Web 2.0 authentication methods, such as OAuth or email + password (which requires almost all the time the users to hand over sensitive and personal information), the wallet addresses are completely anonymous, unless in which the user decides to publicly expose his identity.                     

 

Generative Pre-trained Transformer 3 (GPT-3)

 

            The GPT-3 is a self-regulating language model that uses deep learning to produce human-like text. 

 

It’s the third-generation language prediction model in the GPT-n series (and the successor   to the GPT-2) created by OpenAI, a san Francisco artificial intelligence research lab. The full version of the GPT-3 has a capacity of 175 billion machine learning parameters. The GPT-3, which was introduced in May 2020 and has been in beta testing since July 2020, is making it seemlike a trend in natural language processing systems of pre-trained language representations.

 

GPT-3 was used to create articles, poems, stories, news and dialogues using only a small amount of text.

 

The GPT-3 is also used for automated conversational tasks, responding to any text that a person types on the computer with a new piece of text appropriate to the context. GPT-3 can create anything with a text structure, and not just text in a human way. It can also automatically generate text summaries and even programming code.

 

When a user provides text, the system detects the language and uses a preacher of text    to create the most likely output. Even without much adjustment or additional trainining, the model generates high-quality output text that feels similar to what the human mind would produce. 

 

Whenever a large amount of text needs to be generated from a robot based on a small amount of text entered, the GPT-3 offers an excellent solution. There are many situations in which it is not practical or effective to have a human at hand to generate text or to need the automatic generation of a text that seems human.

 

For example, customer service centers can use GPT-3 to answer customer questions or support chatbots; sales teams can use it to connect with potential customers and marketing teams can write articles using GPT-3.

 

The OpenAI API can be applied to virtually any task that involves understanding or generating natural language or code. It offers a spectrum of models with different levels of depth, suitable for different tasks, as well as the ability to adjust your own custom models. These models can be used for everything from content generation to semantic re-search and classification.

 

The API is powered by a family of models with different capabilities and price points. The basic GPT-3 models are called Davinci, Curie, Babbage and Ada. The Codex series is a descendant of the GPT-3 that has been trained in both natural language and code.

 

So, whether you want to build a chat bot, whether you want to create a translation platform or even build and generate a virtual game, GPT-3 is the future of creation.

 

            FORMWELT

 

            FORMWELT is a coding language for language and meaning. It is a linguistic system based on the injunction of acquiring a definition. Its core consists of about 320 references: we can consider them words with concrete meaning that explain each other, without gaps.

 

The formwelt core is more than enough from a semantic point of view. It contains the basic concepts necessary to describe any phenomenon that one can think of.

 

Using the FORMWELT core you can clearly say what can be said and do what can be done, resulting in a significant description.

 

FORMWELT always offers exits to empirical, practical or mental experience: so that you can understand what you are saying, do what you say and see, feel, hear, taste or smell the results of your descriptions.

 

FORMWELT offers a language that can be spoken just like conventional language. In fact, it is based on the language we speak every day and improves it, since each user can further improve it.

 

FORMWELT is used in the existing languages of our world and the results of interactions based on the language programmed by FORMWELT will be better coordinated, less prone to misunderstandings and failure and more accurate and much more in line with the plans of the individuals who use it.

 

The core is constructed from references, each reference being represented by a fairly short string of words: a label indicating its referent, which is (mostly) constructed from labels indicating their referents. Sufficiency of the kernel means that it uses only words that are either referenced in the kernel or can be understood by the simplest and most common cognitive or practical concepts.

 

In short, FORMWELT is a language we can use to communicate with each other, regardless of nationality or language, and to understand each other directly without leaving room for interpretation.

 

            Internet of Things (IoT)

 

            The Internet of Things (IoT) refers to the billions of objects and devices around the world that are connected to the internet, collecting and exchanging data. All personal, commercial and industrial devices are equipped with chips through which they collect and communicate various information without human intervention.

 

Commercially, many of these objects aim to improve what is known as Quality of Life (QoL), easing people’s daily responsibilities, and industrially, interconnecting machines and appliances to further revolutionise the market.

 

According to a study released by the Gartner Institute (source: www.gartner.com) “more than 50% of new businesses will incorporate elements of IoT”. According to the same study, utility providers and governments are and will remain the most important users of IoT technology.

 

The IoT segments that are growing the most during this period are the automotive industry (autonomous cars), automated services (street lighting) and healthcare providers, who use this technology mostly for monitoring chronic diseases.

 

The adoption of new technologies is visible across industry, in public institutions and in the everyday lives of consumers. The data generated by the devices helps companies operate more efficiently, gain insight into business processes and make real-time decisions.

 

By combining device connectivity with systems automation, information can be collected, analysed and, by default, a decision can be made in response. IoT can therefore help a person accomplish a task. Moreover, IoT gives devices the opportunity to communicate not only within a private network, but also between different types of networks, creating an interconnected world.

 

Benefits of IoT for businesses:

 

            Even though the benefits for business differ depending on the way of implementation, a common thread can be observed: companies have access to more data about their products and internal systems, thereby possessing a stronger ability to make changes.

 

For example, within the manufacturing industry, various retailers are introducing sensors into product components that transmit data on their performance. In this way, companies can identify when a component is prone to failure and replace it before it causes a real danger. Furthermore, businesses can use the data to streamline their systems and supply chains, given reliable information about their functionality.

            Considered at the size of an entire supply chain or within a particular industry, the impact can be huge, noticeable in the accurate delivery of materials and the efficient management of production throughout its lifecycle.

 

            Benefits of IoT for consumers:

 

            New technologies come with the central promise of making our environment (homes, cars) smarter, easier to measure and manage. By developing such applications, consumers have the opportunity to optimise a lot of processes and measure their performance, schedule events and even prevent certain hazards.

 

But apart from the obvious benefits for large companies and users who want a smart home where things work at their performance, there are also some risks as there is a lot of sensitive information or personal data involved in these processes.

 

Just as having a social media account is not entirely free, as we “pay” for it with personal data that is passed on to companies and marketing and analytics departments, so goes the IoT: the more smart objects we own, the more personal and behavioural data we send out into the void, without knowing exactly where it ends up or how it can be used.

 

The SourceLess Blockchain platform retains all the benefits and performance of IoT, making it a secure and encrypted environment.

 

 

CHAPTER 6. SOURCELESS PLATFORM

 

Sourceless Platform is a Web3 platform, a software based on Sourceless Blockchain network. SOURCELESS PLATFORM is a LaunchPad by Definition – easy to use (you can create your own “ecosystem” trough Sourceless Blockchain).

 

The platform will give users hosting space for free.

• 1 GB for personal use,
• 10 GB for business use.

 

Using Sourceless Platform you can also navigate on Web2 (https://www; Apps+Software) under the protection of Sourceless Blockchain.

 

By using Sourceless Platform you have the possibility to integrate programs, applications and all kind of data (used as public or private) under protection of Sourceless Blockchain.

 

 SOURCELESS PLATFORM will give free acces for user to AI software OpenAI GPT-3 and Formwelt AI.

 

Using the Sourceless blockchain platform, you will navigate in a 100% safe, fast and easy way.

 

Security using Sourceless Platform

 

By fully integrating companies into the platform, Sourceless solves all current cyber security problems, covering the entire area, such as:

• Application Security
• Cloud Security
• Data Security
• Identity Access Management
• Infrastructure Protection
• Integrated Risk Management
• Network Security Equipment
• Other Information Security Software
• Security Services
• Consumer Security Software

(more details in the case study area of the whitepaper)

 

Str.Domains (WNFT)

 

• WNFT is a lifetime property of a STR.domain;
• domain is a unique digital identity to connect in the Sourceless Platform;
• Every owner of a STR.domain will have to complete the KYC & AML verification, before getting the full functionality of his domain;
• You can buy as many Str.Domain addresses you want, and sell them anytime you want, at any price you want, but this process is made only through Sourceless Inc. – owner of Sourceless Platform;

 

Based on the KYC & AML protocols, all identities will be clear and certified, which means that the system is WHITE LABEL 100%.

 

CHAPTER 7. TOKENOMICS

 

            Ccoin Network – CCOS token information:

 

• Type: token ERC-20, created on Ethereum Blockchain
• Ticker: CCOS
• Total supply: 63,000,000 CCOS
• Contract: 0x6857265E714000292f064596334CEFDe4F2E4FB2

 

            CCOIN TOKEN is a deflationary cryptocurrency, as it decreases market supply as time passes. This factor implies that users or the project team will participate in activities that reduce the supply of the coin on the blockchain. The way Ccoin Network is going to do this is by locking in the coins (smart contract) with which the STR domains of the Sourceless Platform are purchased.

 

One aspect worth noting is that cryptocurrencies with a limited supply are deflationary by default. They achieve this status because as long as investors buy and hold the coin, its supply is reduced.

 

Practical features of a token:

 

• Granting (Bestowing) a right to the owner of the token, such as the right to own or use a product or the right to vote on a topic;
• Exchanging value for services provided, such as storage decentralised storage;
• Equipping (Tolling) users to enter the blockchain infrastructure or use decentralised services;
• Functioning as a way to improve the user experience, by rewarding users with tokens for certain things;
• Acting as a currency for payments on or off the blockchain, as an alternative to traditional financial payments;
• Earnings from certain things can be distributed and shared using tokens utilities;

 

CCOS Distribution:

5% – Private Sale (Pre-ICO) – 3,15M CCOS (distributed)

5% – Crowdsale / ICO – 6.3M CCOS

10% – Founder / Co-Founders / Dev. team

2.5% – Airdrops / Ccoin Network’s affiliates

2.5% – SourceLess Blockchain Dev. team

9% – Community – Large & Small Backers

66% – Ccoin Network – Fee’ cancelation
            Value – movement – A.R.E.S. (fintech core)

 

 

Ccoin Network Whitepaper v1.3

 

Authors:

 

• Alexandru Stratulat – alex@ccoin.uk
• Bogdan Voinea – bogdan@ccoin.uk
• Iulian Bondari – iulian@ccoin.uk

 

 

Ccoin Network

www.ccoin.uk

office@ccoin.uk