S.E.D.O. (System Emphasis Documents Operations)
Instead of introduction…
Very recently, Pavel Durov has announced the Gram cryptocurrency to its investors, who raised more than $1.7bln in a month for Telegram. The main network of cryptocurrency, TON (Telegram Open Network) Platform, will be released March of 2019. The Bell’s sources close to Durov’s plans told that there will be a meeting held with the biggest investors, where the test version of TON Platform and its examples of usage will be shown. The main network will be launched this March.
As you can see, the world of cryptocurrency is not so desperate as some “experts” and analytics conclude. Unlike TON, the SEDO Project didn’t held (and won’t hold) an ICO. So what’s SEDO?
S.E.D.O. (SYSTEM EMPHASIS DOCUMENTS OPERATIONS)
Introduction
Our humankind faces the challenge of communication of information for many thousands years.
We constantly take part in actions related to communication of information. People ask each other about something, issue orders, publish different kinds of reports, books, scientific articles and advertisements. There’s also communication of information when we read books or watch TV.
There are always two parties involved in this process: a sender and a receiver, who are linked by a communication channel.
For quite a long time people used analog ways of communication: by using gestures and tongue, then we learned to write on stones, and then we discovered how to make a parchment and paper. Communication channels were also changing from a direct conversation to the usage of the intermediate parties like couriers or pigeons with letters attached to them.
Modern approaches of delivery of information are the product of evolution of our demand in the fast communications, eg. IM services, email, fax, and so on.
S.E.D.O.
Sadly, automatization of information has its cons — a possibility of data leakages (for examples, when hackers steal some important database) or communication errors (eg. sending an email to a wrong address), etc.
In this regard, the team of crypto-enthusiasts decided to make a product which not only will provide high-speed delivery of information, but will also guarantee its confidentiality and eliminate the most factors which could lead to the breach of a source of information and consecutive data leakage.
This product is called S.E.D.O. (SYSTEM EMPHASIS DOCUMENTS OPERATIONS) (further — SEDO).
The field of application will be broad — SEDO basically could be used in any industry which uses electronic documents.
For example, it could be:
- Industrial electronic document workflow systems
- Online order systems where the user provides his personal information (online shops, hotel booking etc.)
- Lotteries, survey and voting solutions
The guarantee of the safety and privacy of information will be provided by the technologies of blockchain and cryptography. Generally, there won’t be any personal data operators as all related operations will be regulated by SEDO Platform and its blockchain.
When will it be released?
SEDO Project team promises to release the first beta version of the Platform in 2019, and right now works on details of the project architecture.
The members of the team are not public because of confidentiality, and most of them have main jobs. If the first public release of a project will prove developers’ intentions, they will come out to the public eventually.
What has already been done?
It’s understandable that the development of such a complex and universal system as SEDO requires a lot of human and time resources, and also finances. Moreover, the team does not do an ICO, reputation of which has recently become much worse because of the fake projects that scammed investors for huge amounts of money.
Instead of an ICO, we suggest a quite fair and time-hardened way to invest — Proof of Work (POW) mining.
Recently a lot of coins (especially ones with low popularity and/or summary network hashrate) suffered different kinds of attacks on their blockchains (eg. 51% Attack), so the project team decided to use a solid base of Ethereum’s blockchain and make an ERC20 token.
Unfortunately, Ethereum doesn’t have any embedded API for creating mineable tokens, but this turned out to not being a problem for the enthusiasts from the US who could implement PoW tokens on Ethereum blockchain as their own project called 0xBitcoin (https://discord.gg/KCwZSs3), they also made a neat set of related tools such as pools and mining software.
SEDO Project team partners with the 0xBitcoin Foundation team. Our partnership resulted in creation of the SEDO Token that is based on the 0xBTC. Currently it operates in Ethereum’s mainnet and is being mined by the biggest pools, including those supporting EIP918 (Merge mining) — in this mode, one can mine both SEDO and 0xBitcoin at the same time (read more: https://medium.com/coinmonks/0xlitecoin-and-merge-mining-tokens-a0381effb31).
Right now SEDO token is being traded on two exchanges — Yobit.net (yobit.io, yobitex.net) and Graviex.net
The most forthcoming plans of the team is to create a detailed description of an architecture (in progress), to launch a bounty campaign to help to promote the project (it’s already started — https://bitcointalk.org/index.php?topic=5096533.0), and to list token on other exchanges (in progress).
Extras
Additional information about the project is available on the site http://sedocoin.org
Useful links:
GitHub: https://github.com/CryptoProjectDev/SEDO-Pow-Token
Discord: https://discordapp.com/invite/JdRY6Jm
Telegram: https://t.me/sedocoinofficial_eng (english), https://t.me/sedocoinofficial (russian)
Twitter: https://twitter.com/sedocoin
Facebook: https://www.facebook.com/sedopowtokenpage
Vkontakte: https://t.co/amO49DkjQY
Bitcointalk: https://bitcointalk.org/index.php?topic=5061527.0
Mining stats: http://199.247.0.146:5000/?page=stats&
