The CSE Smart Contract 2.0 is a powerful tool built on the Blockchain 3.0 platform. It was developed by CSE, a technology startup based in Singapore. The key objective of CSE is to apply Blockchain technology into daily life and across various industries in a user-friendly interface.
Smart Contract 2.0 invites experts all over the world to contribute their expertise through the Platform. It is not a major problem even if you are not a technology specialist because CSE has created thousands of templates. This has empowered people from all walks of life, including: housewives, secondary school students, or even a technology moron to create their own smart contracts.
The Smart Contract 2.0 system has benefitted from the decentralized feature of Blockchain. Users can easily develop a suite of applications across various industries, without the need to spend 5 years learning about Blockchain, and peer-to-peer networks can self execute the contract, where contractual incentives or penalties can be enforced without third-party involvement. In short, Smart Contract 2.0 is as good as your reliable legal advisor who works tirelessly 24 hours everyday.
Not all contracts are 100% applicable. The Smart Contract 2.0 solutions adds the extra dimension of flexibility, allowing partial performance of a contract and receiving of the corresponding payment, where the unperformed portion will be automatically refunded.
Blockchain ensures transparency while Smart Contract allows for intelligent execution, which CSE has integrated into a virtual machine. Aside from finance, users may also instruct this virtual machine to “substitute” people in areas such as: cultivation of crops, logistics handling, timeline management, chain of custody, intelligent data management, or smart city management, etc.
This is open source platform so users may integrate their solutions in two ways, by API or by embedding codes into any applications such as Web, App, software, as well as hardware, especially the IoT equipment, NFC, etc.
If you create the smart contract using a template, it will require only 3 minutes and over 4 steps. And if you create a unique smart contract, then it may require between 4 to 12 hours.
Stay tuned. In the next article we will share more details on smart contract applications for various industries.
What is CSE30?
DISTINCTIVE POINT CSE AND ETH
Currently Ethereum’s speed is 15 transactions per second , when there are many transactions that need to be processed at one time, leading to long transaction queues. Ethereum’s queue up to over 100,000 transactions , see the chart below:
Right now you can go to Etherscan to check that the average queue of ETH is over 30,000 transactions . Ethereum is currently hoping to tackle the queue with Lightning network technology and Sharding.
CSE30 still inherits Lightning Network technology for Offchain. But from the lessons of Bitcoin and Ethereum, the CSE30 has Hyperthreading (Hyperthreading) technology that speeds up the processing of transactions, speeding up Ethereum’s transaction speed. This technology handles customer-facing transactions at the airport, if the number of people waiting at each door exceeds 100, the system will automatically open more doors to ensure the number of waiting at each door does not exceed. 100. So CSE30 always ensure the processing of super-fast transactions
In addition, the CSE30 has a Quantum Supernode processor-related technology in each transaction, and Masternode is a professional support service similar to the aviation support service.
With the CSE30 Blockchain technology, Ethereum or any coin currently borrowed from the CSE30 platform to trade will enjoy a super-fast CSE30 trading speed of 0.03 seconds per transaction. But the transaction fee is the same.
Currently, Ethereum’s transactions are subject to a very high fee. ETH Gas Station warns that users must pay a minimum of $ 3.20 for a transaction without knowing the trading volume, or to wait 30 minutes for that transaction to be accepted in the Block.
Through ETH’s transaction fee histogram, the Ethereum users had to pay about 5,862 ETH , or $ 2.7 million, to trade.
With the CSE30 technology platform, which allows you to trade at super premiums, with a fee of 1/1000 or almost zero, the transaction will save you a tremendous amount of money. What ETH is really puzzling about, also because of the cost issues that the Blockchain 1.0 and 2.0 platforms have not yet been able to address in the real world.
With super low transaction costs, CSE30 will become a platform that can be applied to all areas of life.
Smart Contract 2.0 & Smart Contract 1.0
|Smart Contract||Smart Contract 2.0|
|Advantages:Automatic contracts do not require intermediaries, no need to trust third parties and reduce intermediary costs· Tracking transactions easily, can not be tampered with or reversed transactions.
· Not managed by any agency.
· The cost of deployment is huge for infrastructure systems, computers, and good programmers to deploy.
Security Capability: If some sensitive information is disclosed or exploited by hackers, there are likely to be problems.
|– Upgrades from Smart Contract and adds new technologies.– Use a new approach to legalize, navigate, and resolve complex issues. Smart Contract 2.0 will have “smart lawyer”– New technology has high security, against the attack of hackers.
– Convenience for all SOHO businesses is still possible, infrastructure costs are minimized.
– Smart Contract 2.0 adds transactional identity, can access the entire transaction data.
– Smart Contract 2.0 with self-learning, predictable all-encompassing features associated with co-meetings.
=> Not just currency, smart contracts will be widely applied in many areas in the future. The future is the era of Smart Contract 2.0
The world is always developing, the new one will be born to replace the old one and do things that have not been done before. Blockchain 3.0 represents CSE30 based on Blockchain 1.0 & 2.0 technology and applies new technology to solve the problem of speed and transaction costs, which has long been BTC and ETH are very headache to find the The solution to overcome but not yet. Smart Contract 2.0 is also an effective solution for Blockchain applications in many areas of life.
The Blockchain platform promises tremendous growth potential in the 4.0-era industry, let’s see what Blockchain 3.0 can do.
Source: The business journals
PRESS RELEASE> PR NEWSWIRE
Blockchain has surpassed human expectations. The features of Blockchain technology such as decentralization, data fragmentation, uniqueness, quantitative restrictions, decentralization, anonymity, and smart agreement made Bitcoin and Ethereum completely eliminate indirect as well as bulky office systems!
Following the success of Blockchain 1.0 (BTC) and Blockchain 2.0 (ETH), Singapore-based CSE SG PTE LTD has introduced the Blockchain 3.0 (CSE30) and Smartcontract 2.0 platforms, after more than four years of research and development.
Great potential of the new platform CSE30
It only takes 15-30 minutes to create your own smart agreement on the CSE30 platform, which is directly connected to the CSE30 through the API. You can create electronic money, access source, blockchain library, blockchain authentication for education, blockchain authentication for real estate, etc.
The big investors in technology are also paying special attention to this platform, and the information will be announced in the near future.
Revolutionary Blockchain 3.0 on CSE platform
￼View original content for rich media downloads: http: //www.prnewswire.com/news-releases/revolutionary-blockchain-3-0-under-cse-platform-300739191.html
SOURCE CSE SG PTE LTD
What is CSE compared to BTC and ETH?
Bitcoin and Ethereum have started to reveal weaknesses in the process of expansion such as slow processing speed, energy costs, high transaction costs, while CSE has been promoting its advantages:
1 – Super speed
Completed a transaction process of CSE under 06 seconds, for BTC about 10 minutes, ETH about 7 minutes.
2 – Low fee
CSE’s fee for current internal transactions is only $ 0.001, while BTC’s fee is $ 0.00004674, or $ 0.3, ETH is $ 0.000483, equivalent to $ 0.1 (these fees are at current prices; will increase if BTC and ETH increase)
3 – Off chain
E-commerce now has to depend entirely on the internet, CSE has launched a technology that is causing the rumors are Off chain, encrypted transactions in the environment without internet at speeds up to 0.003s (3 million seconds). The limiting point of this technology is its limited number and the receiver is not anonymous to prevent fraud.
4 – Smart Contract 2.0
Ethereum invented Smartcontract 1.0 and has leveraged its strength in dealing with various types of financial contracts.
CSE Smart Contract 2.0 has a more intelligent “multi-contract” and multi-industry application.
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Revolutionary Blockchain 3.0 Under CSE Platform
SINGAPORE, Oct. 28, 2018 The revolution of blockchain technology has surpassed expectations. The features of Blockchain technology such as: decentralization, …
A smart contract is a piece of software that contains rules and regulations for negotiating the terms of a contract. It automatically verifies the contract and then executes the agreed upon terms.
And when this smart contract’s centralized code is made decentralized for execution purposes on the CSE Platform, it becomes a smarter contract.
Coding and executing smart contracts on the CSE Platform makes them immutable and independent from centralization.
A smart contract has the following characteristics:
Developers write the code of smart contract using the native language of CSE called Solidity.
These contract codes can be of many forms, such as the transaction of money when certain conditions are met, or the exchange of goods between parties.
Once the code is written, it is uploaded on the EVM- CSE Virtual Machine, which you can say is a universal runtime compiler or browser to execute the smart contract’s code.
Now once the code is on the EVM, it will be same across each CSE node.
And each node will try to run and see whether the conditions are met or not.
A contract of CSE Platform will involve two or more parties which will be fueled by the digital asset (CSE). Once the contract is executed successfully, the digital asset will be distributed or re-distributed according to the logic defined in the code.
Assume that Harry has given a contract of $1000 to Mary for web development. Harry has hardcoded the requirements and conditions about the kind of website he needs onto the CSE Platform
Now, this blockchain will act as the evaluator whenever Mary submits the website to Harry for approval after the project’s completion. Harry has already pre-coded his requirements (such as load time, server host, design specifics, etc.).
Now, Mary submits the work on the blockchain for evaluation. If the conditions set by Harry are successfully evaluated, and the website is done as per his coding requirements, then the contract worth $1000 will be instantly self-executed, and payment in equivalent CSE Platform (CSE) will be released to Mary.
But let’s suppose Mary didn’t get her payment or Harry didn’t get his work.
Then this conflict of interest is resolved by the blockchain’s smart contract, which enforces trust by default.
As every transaction history and history of every executed code is stored on the blockchain, you can trust and verify everything when needed.
Even in the case of Harry’s smart contract, Harry can’t cheat Mary. Because once Mary has done her work, it will be verified by the blockchain and recorded onto it.
Anyone, including Harry, can inspect the blockchain, hence resolving the conflict or protecting against cheating.
Moreover, Harry can’t stop or manipulate this contract as the execution of this contract is no longer dependent on one single party or node. As Harry’s contract is running on an EVM of the CSE Platform, it is resistant to damage caused by a single point of failure.
On the other hand, if these conditions are not met, then Mary will need to continue the work until the appropriate website is created.
That’s why you can trust an CSE smart contract.
Smart contracts are becoming an integral part of the blockchain economy.
Some current applications of smart contracts:
Bitcoin is merely the first application on the blockchain backed by the internet.
But CSE and smart contracts are the next-gen applications on the blockchain.
And I think CSE smart contracts also answer the question of “why do you need CSE when you have Bitcoin?”
Just like the invention of the internet has transformed human life, the CSE blockchain and smart contracts have the power to change human life in incredible ways.
Because the marathon has just started; CSE is only 3 years old, and many scholars are pursuing a lot of research on it.
The floodgates of unparalleled innovation have been opened with the establishment of The Enterprise CSE Alliance.
The Enterprise CSE Alliance connects Fortune 500 enterprises (like Accenture, Microsoft, Intel, JP Morgan, Wipro, etc.), startups, and academics with CSE subject matter experts.
With this meeting of minds, it’s highly likely that CSE will be the next big cryptocurrency.
What do you think about CSE and smart contracts? Have you used a smart contract before? Share your experience in the comments below!
This is where CSE-30 comes in.
After a token has been created, it can be traded, spent, or given to someone else.
CSE30 is the universal language that all tokens on the CSE Platform network use. It allows one token to be traded with another.
Let’s imagine we wanted to make a crypto-casino. Just like in a brick-and-mortar casino, we want our players to use our chips, for simplicity’s sake.
So, a player exchanges their fiat for our tokens and heads to a poker table.