Without a native crypto-currency, YOSEMITE is a public blockchain that uses real money (e.g. USD, EUR, CNY)
Reasonable and fair consensus algorithm
Blockchain designed for government and enterprise uses
Using a volatile native crypto-currency causes a great hindrance in running a business.
YOSEMITE resolves that problem by using tokens that have their values pegged to government-approved fiat money
YOSEMITE's unique Proof-of-Transaction consensus algorithm,
which allows only the direct contributors to the blockchain to create blocks and get rewarded, can address the
fundamental problems in PoW, PoS consensus algorithms and sustain a fair and reasonable operation.
Finally, governments and companies globally have a capable underlying system to utilize the advantages of
blockchain and conduct sustainable policies and businesses
Fiat-pegged stable coins (e.g. USD-pegged dUSD token) are issued by trust entities (Depositories) as the underlying crypto-currency of the blockchain. A trust entity such as a government or trusted financial institution backs the stable coins with an equivalent fiat money reserve.
By using Transaction-as-a-Vote (TaaV) mechanism, Proof-of-Transaction (PoT) is a new consensus algorithm that rewards the service providers that directly generate transactions on the blockchain. It is more reasonable and fair than existing PoW or PoS algorithms.
YOSEMITE inherently provides a decentralized exchange that uses Depository-issued fiat tokens to trade crypto-currencies such as Bitcoin, and other tokens that represent assets such as real-estate or artworks.
YOSEMITE offers On/Off-chain hybrid token exchange mechanism that anchors large volume of transactions that get resolved off-chain to a decentralized storage (IPFS) and blockchain, to achieve scability for services such as High Frequency Trading or Micropayments.
YOSEMITE supports multi-sig blockchain account, creating a trust network that allows users to recover their accounts. Such trust network is a cornerstone for the secure and stable ecosystem, by greatly mitigating blockchain technology's innate security risks associated with lost private key.
On YOSEMITE, it can be configured that only the accounts verified by trust entities' KYC/AML process can own and participate in transactions. This support mechanism can address the financial regulatory compliance issues that services on other public blockchains struggle with.
YOSEMITE Public Blockchain Technical White Paper
YOSEMITE On/Off-Chain Hybrid Exchange System Technical White Paper
YOSEMITE was founded by YT Kim. Through an encounter in 2013 with Shawn Fanning — founder of the P2P-based music distribution service Napster, a precursor to blockchain technology — YT came to settle down in Silicon Valley. He then embarked on his journey of improving blockchain technology and developing a service that would lead to its mass adoption by the public.
Trading system mechanics and oversight, innovative solutions research and development, exchange platform quality assurance
Blockchain core technology oversight and research, next-generation trading system architectural design
Blockchain core development, Dapp (decentralized applications) development, former senior developer at LG CNS and Daum Kakao.
Dapp development, blockchain future direction, researcher at Lin Lab (UC Berkeley College of Engineering).
Smart contract dapp development and dapp browser expert, former mobile software engineer at Daum Kakao.
Researches blockchain consensus and scalability mechanisms. Previously research assistant at Cornell Computational Sustainability Lab.
Researches the blockchain ecosystem to determine which projects are best suited for partner products. Previously worked at Atlas IP and UBS.
Payment systems development, research on blockchain in financial services.
Exchange server and blockchain core development, blockchain solutions research.
Prototypes new blockchain products for partners. Previously worked at Silver Lake and 8VC.
Design of platform, manage life cycle of assets, former IT solution researcher at Samsung SDS.
Product design, former product designer at Daum Kakao.
Advises on product development and partnership strategy in Asia. Formerly analyst at New Access Capital and Shenzhen Capital Group.
Business development and operations. Formerly senior consultant at KPMG and process engineer at SK Hynix.
Development of relationships with portfolio managers and investors, appraisal of assets, investment strategy.
Compliance and organizational structure, book-keeping, financial statements, and HR management.
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