WHY BLOCKCHAIN

Tokenized projects enforced by smart contracts

The blockchain infrastructure allows the developers to tokenize their projects and approach crowds of users. AcetCoin is bounded to use the tokenized system in order to generate a digital currency which can support investors’ investments around the globe to become more effective and reinforce investors’ investment particularly in cashless societies. The project can be supported by investors globally. Without cryptocurrency, this practice is near impossible to implement with fiat money due to international investment legislation hurdles.

A global, decentralized investing model

The smart contract mechanism helps AcetCoin build a global, decentralized funding model that is not possible with fiat. The smart contract assures investor that there is no “smoking mirrors” or “back-room dealings” with the projects. All terms and conditions are laid out in codes and can be inspected quickly and easily.


Transparency with privacy where necessary

Lastly, the usage of blockchain technology protects the investors’ privacy while keeping necessary elements of the investing process visible. AcetCoin divides data into on-chain and off-chain. Most sensitive information such as KYC/AML clearances is encrypted and saved off-chain. On the other hand, public terms of transactions are stored on-chain to showcase the project’s data integrity.


Technology Background

AcetCoin ICO  will come up with Ethereum token ERC20 and on completion of ICO it comes up with own blockchain system along with own mining codes. Further noted, AcetCoin will comes up with mobile applications for managing the transactions on completed wallet system. AcetCoin combines the blockchain and API to make it most stable coin.


What is ERC20?

ERC20 is simply a subset of Ethereum tags. ERC20 is the standard interface for the token code. It enables seamless interaction with smart contracts and applications enabled on Ethereum blockchain.  
Peer to Peer. Instead of running on a centralized server model, peer-to-peer (P2P) networks will operate in groups of computers or distributed platforms, each of which acts as a node for sharing files within a group. When a P2P network is established via the Internet, a central server can be used to index the files, or a distribution network can be set up where the files are distributed between. The users in the network store a certain file.  

Smart contract
The main objective of a smart contract is to allow the two parties to work and transact on the internet without intermediaries. Applications work exactly like programmers without any downtime. The whole process of smart contracting is done automatically without the intervention of a third party. We may publicly disclose such transactions but we cannot know who created them.