CelesOS is a new generation blockchain operated system, which combines cross-chain technology, DPoW consensus institution, legislative regulated framework and other latest blockchain technology to increase the trust between the institutions or organizations to decrease the regulated cost for increasing the efficiency.
According to the different scene and setting to establish the public chain, alliance chain and private chain on CelesOS.
Why do we need to use CelesOS?
In 2008, the global financial recession causes the devaluation of the currency, price increases, unemployment raised and the other negative aspect of the problem. It affects everyone’s daily more or less. And the distribution is the financial product and the service exposure have a lot of illegal situations exist.
CelesOS uses the blockchain technology to set up the risk security and the associated protection by launching supervision for the financial institution to innovated more innovated products on the system. It brought us for more convenient and low-cost financial service. At the same time, it was supervised legally and avoid the financial dander to happen again somehow.
What is DPoW consensus institution?
DPoW (Delegated Prove of Work) uses the mining and agent at the same time in the institution to dig out more fire woods, the reward for the miners would not be the replaced coins but the “wood” can be fired. This approach combines the advantages of PoW and PoB to reach the goal of decentralization and efficiency to display the “separated”, “expendable” and “security” on the CelesOS. At the same time, the high ability of TPS to keep the millions per second’s level to support the enterprise separated applications.
How CelesOS executes?
CelesOS depends on the corporation with the supervision department for framing up the legislative framework by using the decentralization of blockchain, un-editable accounting book, intelligent contract, secured privacy these features to support the institutions to build up the blockchain platform and the developed DApps which fit their demand to increase the trust between institution, reduce legislative cost and increase efficiency.
For reaching this goal, CelesOS found a special permission for the supervised institution and offer the script which follows by the local law inside the intelligent contract to execute the “Mirror Layers” so that it can mirror and intelligent and the local regulation at the same time.
Any example?
The EU established the MIFD2 after 8 years to avoid the financial recession to happen again. The content inside is more than one hundred chapters. However, this supervision operation needs to spend more than 2100 million US dollars per year from the financial institutions to keep it running.
For building up the investor’s confidence in the financial industry in the United State, they established The Dodd-Frank Act after the financial recession. The cost of preparation for the regulation file is 3.6 trillion US dollars and it achieved more than 7.3 millions working hours.
Domestic supervision faces the huge big database as well when the regulation files are tremendous large; cost is very high; efficiency is low and the other various problems.
But, for CelesOS, it works for supervision. Every regulation and the contract are saved as the code inside the system and it can execute automatically. And the problems above that we talk about can be solved by reducing the high social cost.
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