Mining Server
We believe the mining server that permeates daily living will be the asset management in the new era.
Herewith, Percival project will attempt to provide the tool that is acceptable by all users.
1.Mining
The term “Mining” is to join the encryption system of virtual currency (Bitcoin or Altcoin) and the transaction history system. The virtual currency is managed consistency by adding all transaction record for a certain period per 10 minutes. For its processing, to record data consistency for all transaction that occurs during period subject to it and the past transaction data that is diverged into network are required. Besides, this transaction data is called Blockchain and the operation done here is block generation.
The virtual currency is not required banking facilities in the existing countries by this mining function and keeps validity and reliability by P2P (Peer to Peer) network. P2P means Peer to Peer (parity/par to parity/par, device to device) that is not via centralized server. In other words, it calls negotiation transaction and it is used in several kinds of SNS now. To join this mining is to keep and manage consistency or reliability of virtual currency, and to remove administrator like centralization.
2.Blockchain
The technology refers as pronoun of virtual currency is called Blockchain. This Blockchain means technology of transaction data that is the center of virtual currency. The transaction data (record) means transaction, and Blockchain is the linking condition of several transactions. The characteristic of Blockchin is to be managed dispersedly. That is kept by any user’s computer. Due to no control facilities like countries, bank or finance organization, the information and authority are not centered in one place.
That merit has an infinite of possibilities and it is expected to be offered many kinds of operation or service at low cost. Blockchain is managed dispersedly by several computers so it is not possible to be renewed in real time per transaction. The operation will be done the approval as a whole per 10 minutes. For example, the transaction data (transaction) of cash transfer (when and how much it was transferred by who) is recorded. This will be the block. This record is opened so everyone can check it. But this information (transaction) is encrypted so the detailed information is not be checked. Any data of Blockchain can be checked and managed by anyone at any time.
The very personal information (detailed information) cannot be managed but it can be said that the security to prevent from any crookery is improved by disclosing time series of cash transfer. Blockchain is the technology that is possible to be non-centralization and it can prevent server down by batch management. Furthermore, every user monitors each other so it is not controlled by certain administrator absolutely.
The direct cash transfer by using Blockchain among individuals without though finance organization is possible and it helps to reduce commission charges. Finally, the best characteristic is crookery is impossible. Since Blockchain is encrypted and dispersed, if any crookery is done, it will be obvious by consistency with dispersed data. In this manner, the technology of Blockchain can prevent any crookery or falsification from any aspect by front-line dispersion ledger that is not existed so far, and it must be the breakthrough technology for network technology.
3.Ethereum Platform
Our project adopts ERC20 because ERC20-compliant token is compatible to exchange so it can be smoothly prepared for future listing. Besides, ERC20-compliant token can be used common wallet and it can be reduced development cost.
