Solbit

Solbit Meet-up in Korea was successfully held at Ramada Hotel in Seoul. For numerous visitors, Solbit Meet-up in Korea was a full of joy. At the beginning, we proudly introduced the management style of the developers. In the following sections, all participants of Solbit Meet-up in Korea had a great opportunity to listen to the technology of the Solbit project and the market industry area. During the Solbit Meet-up in Korea, Sol-coins has been paid to the participants and we were overwhelmed by the enthusiastic reaction. NOW, Solbit proceeds the 2nd pre-sale event and you are more than welcome to join us! Thanks. http://sol-bit.net/

http://sol-bit.net/

Solbit, eventually, opens the first "Sol Meet-up in Korea" at 4 PM on Friday, July 27, 2018. To all participants, Solbit gladly rewards "Solcoin" as a gift. So, Please, install the e-wallet, a.k.a. imToken, via App Store or Google Play Store before comming to the first "Sol Meet-up in Korea". Please come and enjoy. Thank you.

Solbit First Pre-sale 1day left! 1 ETH = 6000 SOL Get your bonus token 30% SOL

How to work Solbit in 'Currency Exchange Platform'? The Solbit online Currency exchange office can be connected to our currency exchange system in any smart phone, tablet or PC, so that you can exchange and charge quickly. (At the time)as developing Apps and website for Solbit online exchange office, online exchanges can be done easily anywhere in the world. 

Learn more about Solbit through video Learn more about Solbit through video(KR)

How to work Solbit in 'Currency Exchange Platform' Second, Online stock exchange of Solbit has the best stability. It aims to realize a stable website and App platform based on proven systems by utilizing security management system of Amazon. Solbit generates a private key at a point that the user wants. This private key is encrypted and securely stored on the user's device, and any information is not available on Solbit platform. Only to transfer Cryptocurrency, exchange and to make quick  transaction, the non-identified information of users and quantity of coins will be used.

How to work Solbit in ‘Currency Exchange Platform’? First, Online exchange services of Solbit is implemented as an Amazon Web Service(AWS) in Amazon's cloud service, and have excellent scalability. Solbit combines scalability and agility which are advantages of AWS, into Blockchain. And it enables exchange transaction such as B to B and P to P be done anywhere in the world. Solbit set the spread cost of the current currency their own self to minimize burden of payment for consumers. Also they set up a dedicated online exchange website so that people can exchange any currency of each country to Solbit through Internet anywhere  in the world.

How to work Solbit in ‘Currency Exchange Platform’? In order to minimize liquidity of exchange rates that caused by the difference in  spreads and burden of consumer's payment, ‘Solbit’ is developing a platform to e xchange or buy currency freely between countries with minimum fee. ‘Solbit Currency Exchange Platform’ aims to provide convenience to consumers  by minimizing the burden of payment caused due to the big difference of exchange  rate spread, taking advantage of transaction in trade and stabilizing of Solbit. We are focused on Asian market where has big differences of spread to make them  to exchange Yen, Won, Yuan to Solbit directly including Dollar and Euro which are  widely used in the world. Also we will make all stock exchanges in each countries  to increase utilization of Solbit.

Currency Exchange Solution The exchange rates that a currency exchange quotes are typically close to the spot rate, although the exchange will adjust this rate somewhat to ensure that it makes a profit on the transaction. Because the transaction is not conducted at the spot rate, and depending on the profit that the exchange wants to make, consumers may find that it is less expensive to incur ATM or credit card fees at the foreign destination, rather than use exchange services ahead of time.  Airports are a common place for currency exchanges where travelers purchase currency of their travel destination or exchange any excess money back to their local currency upon their return. Because airports are seen as the last port of call, the rates at airport exchanges will, in general, be more expensive than those at a bank in the city of departure. solbit provides a platform to solve the problem of currency exchange.

Currency Exchange What is a 'Currency Exchange’ A currency exchange is a business or financial institution that has the legal right to exchange one currency for another currency to its customers. A currency exchange may be a stand-alone business or may be part of the services offered by a bank or other financial institution. The currency exchange profits from its services either through adjusting the exchange rate or taking a commission. Solbit has adopted Peer-to-Peer transaction to overcome limitations of SWIFT which is complicated, existing in financial institutions. It usually takes at least two or three  business days. In addition, people have to pay high commissions even though they transfer small amounts of money. But now Solbit provides lower fee regardless of  amount of money you transfer.

Smart Contracts System Modules The Solbit smart contracts system specification is beyond the scope of the current document and we will review only some of the main modules of the system-bank module, auction module and external tokens module (implements the Ethereum ERC 20 token standard (The Ethereum Wiki, n.d.). They provide the programming interface for interaction with the system. Access to the bank and auction modules’ functionality is restricted to ensure the business operations will be performed only inside the platform. Parts of the external tokens module’s functionality are restricted as well (minting and destruction of tokens), while the functionality described in the ERC 20 specification is publicly accessible to every Ethereum address, which has tokens (Vogelsteller, 2015) Solbit System The module manages the internal ledger for all platform accounts and the connection between the internal ledger and the external tokens.  Auction S...

Smart Contracts With a smart contract, legal stipulations are embedded in the computer code, which enables the automatic execution of functions defined by a legal contract. It also provides protection against duplicate invoice financing, as the contract will not allow for an invoice that has already been financed to receive additional financing. A smart contract, therefore, acts as an application layer that is built on the Blockchain. The development of the Blockchain that supports the smart contracts we are developing is already built and readily available and globally known as Ethereum Virtual Machine ‘EVM’ in a number of countries. Some see smart contracts as the future of the Blockchain, as they enable more efficiencies in legal contracts through a decrease in manual processing and initiation of contract terms, risk reduction through the elimination of manual errors and duplicate invoice financing, which could make value  propositions such as micropayments more ...

Smart Contracts The transparency of events along the supply chain via the Blockchain is itself a major enabler of faster payments and improved financing, increased efficiency, reduced risk of fraud, and lower costs. Exchanging information related to these events in a distributed ledger facilitates trigger events that need to take place for goods to arrive at their final destination and for suppliers to receive payment. But the capability of the Blockchain to facilitate these trigger events does not end with the mere exchange of information along a supply chain. The use of smart contracts to not only trigger events but actually carry them out automatically represents a bold evolution that is being actively explored by a few today. Smart contracts are self-executing computer codes that automatically carry out functions once a triggering event has taken place. It is a linear contract that can include multiple parties (investors, borrowers, buyers, sellers etc.) and that cann...