FULOOS COIN: A COIN WITH A DIFFERENCE...

delilonia (45)in #blog • 6 years ago

With the development of blockchain technology and the rapid growth of the cryptocurrency market, new opportunities constantly arise in the field of Investment. The more the traditional economy changes its form, new values occur in the digital "world" and plays a significant role in these processes which is played by decentralized technologies, in which cryptocurrencies and digital tokens play a critical role. Most times, consumers needs are misunderstood due largely to lack of information or fake data which inevitably leads to weak or no results aimed to achieve by companies or agencies who have needs for these consumer data. The need to know and understand ones target customers comes into play when a company wants to either rebrand or renovate their business. This can only be done when personal data is collected, processed and interpreted. The more personal data, from as many sources as possible, the better and more telling the sample will be and hence one’s ability to profit from it. The best way to go about this is to analyze a large number of touchpoints and use the data obtained to generate actionable forecasts from it and derive new products and services from that data. Once the right personal is being used to rebrand a business, the success of such business is sure as it was built on the interest of many consumers and thereby the consumer base will be active and the product always selling and generating revenues to the company. This ruling factor-information has also been a tool of significance in the lives of cryptonaires. Therefore, no matter what the wave the blockchain technology and/or market brings, then tend to stand firm on their feet and still make the best use of any opportunity that arises. Yes, here I am here again introducing one of the projects that one should not underestimate its survival and potential of bringing great reward to the ranks and files of the crypto world with no bias. This project FULOOS COIN- a lots of creatures in its rich ocean that i would want us to explore together.

WHAT IS FULOOS COIN?
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A lot has changed since 2009 when Fuloos entered the world to transform it forever. A new path was opened which lead to endless possibilities in the world of financial technologies. Fuloos coin is our effort to offer a faster, greener & much convenient digital money which makes transactions as easy as fiat. Fuloos is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Fuloos comes as a handy bundled solution which would include a coin with very own Blockchain, all ecommerce plugins, CRM & billing solutions, mobile wallets and much more. Fuloos works on open Blockchain & Open API allowing everybody to create their own tools.
Also, Fuloos uses Scrypt for encrypting blocks on its Blockchain. A password-based key derivation function (password-based KDF) is generally designed to be computationally intensive, so that it takes a relatively long time to compute (say on the order of several hundred milliseconds). Legitimate users only need to perform the function once per operation (e.g., authentication), and so the time required is negligible. However, a brute-force attack would likely need to perform the operation billions of times, at which point the time requirements become significant and, ideally, prohibitive.

Furthermore, Previous password-based KDFs (such as the popular PBKDF2 from RSA Laboratories) have relatively low resource demands, meaning they do not require elaborate hardware or very much memory to perform. They are therefore easily and cheaply implemented in hardware (for instance on an ASIC or even an FPGA). This allows an attacker with sufficient resources to launch a large-scale parallel attack by building hundreds or even thousands of implementations of the algorithm in hardware and having each search a different subset of the key space. This divides the amount of time needed to complete a brute-force attack by the number of implementations available, very possibly bringing it down to a reasonable time frame. The Scrypt function is designed to hinder such attempts by raising the resource demands of the algorithm. Specifically, the algorithm is designed to use a large amount of memory compared to other password-based KDFs, making the size and the cost of a hardware implementation much more expensive, and therefore limiting the amount of parallelism an attacker can use, for a given amount of financial resources.

WHY YOU SHOULD CONSIDER FULOOS AS YOUR NEXT INVESTMENT OPTION..
Well, many projects like i have mentioned initially just start without having the welfare of the investors, believers and supporters at mind with great ultimacy. However, needless to say, most projects that tend to survive on a long term note would always have a well laid down protocol and plans at providing the general community the best services and products that tend to increase the sustainability and the maximalism of the profits. Highlighted below are some of the provisions this project has in place and in store for the receiving population;

• Fastest Transactions:
Fuloos Coin is fast enough for merchants to have access to their funds within 90 seconds of receiving there payment and Fuloos offers the highest transactions per second.

• Security:
Using smart contracts and hyper ledger fabric platform, Fuloos offers a more secure and efficient payment mechanism.

• Liquidity & Low Inflation:
With a cap of 100 million coins in circulation and inbuilt PoS algorithm, Fuloos offers liquidity along with stability.

• Exchange Service:
Fuloos Coin listing on leading exchanges will be our top priority in help the demand and supply for Fuloos.

• Mass Adoption:
With current 100+ partnerships in place and more to come; Fuloos promises a brighter future with quick mass adoption.

• Mobile & Web Wallet:
Fuloos Coin also provide their own mobile & website wallet allowing our community to access their funds on the go with the security and safety you need.

MEET THE TEAM:
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TOKEN AND ICO DETAILS:
The token and ICO descriptions are provided below through a shot i made from the whitepaper for a better representation of information..