Stox Has Finally Partnered With Menlo One
One of the popular blockchain prediction market app, Stox, has just announced its new partnership with Menlo One. With the collaboration, it should help the Stox platform in promoting its ICO launch. Menlo One is a company that has been around working as a framework that builds decentralized applications; the company is able to make this possible with the use of a traditional web app.
The company has a proof of reputation incentive in place plus a decentralized database; it is the infrastructure that has been put in place that enables the Web 3.0 generation of social media platforms, marketplaces and also the future apps to work as fast and also performant as the predecessors.
Some Of The Features To Look Out For In Menlo One Smart Wallet
But this is not all for the platform as it features a smart wallet, one that is able to function as the very first cross chain interoperable wallet that has been specially designed for the sale of tokens, Daaps plus the other types of token-based apps that are available. It is also able to support the ERC20 and has been designed to be forward compatible with EOS, Stellar and many others.
The wallet has incredible features that make users transactions much more comfortable as it has been set to send funds to another token sale when it just starts, it is able to sign the needed transactions without alerting the users on this. It is also managed locally thanks to the encrypted KYC/AML information, but this is not all expect to see more features that will indeed blow your mind.
It Has Been Designed For The Reputable Blockchain
The MET or you could call it the Menlo One Token rewards the users and the data nodes for their data availability and also attention. The proof of reputation algorithm that has been implemented in the system is responsible for sizing the rewards. The rewards are sized based on the reputation and the value that you provide to the community in the curated token registry.
The data that is gathered is stored on the distributed and Byzantine fault torrent and the public blockchain, this could be either Ethereum or any other. But it will be cashed on an array of autonomous content nodes, as a result, this helps the Menlo One platform to be fast and also reliable even when it is a decentralized platform.
The company has not witnessed any single point of failure; thus they are able to deliver adequate blockchain data with the use of the speed of just a traditional web host. The company is mainly focused on making each token sale experience to be safe and also very easy just like shopping on the Amazon platform.