PiggyBank is a Dapp running on NP, considered the evolution of
the blockchain and it
uses SECC (SMART ELECTRONIC CREDIT CERTIFICATE), developed by MONEY INDUSTRIAL FACTORY on NP
and issued by PBS Online which converts FIAT by capitalizing the SECC 1: 1 with the currency
on which it is pegged to offer a cheaper and faster alternative to normal Stable coins such
as Tether and others and with greater security and transparency than the complicated Smart
Contracts that run on Ethereum and on the others blockchain.
NP is a brand new decentralized and distributed storage system, designed and built as a
neural network and not as a chain. This makes it immune to attacks by 51% and solves the
main problems of blockchain technology; this technology has come to completion after more
than 5 years of research and development.
NP eliminates the figure of miners and ensures that this system is decentralized and truly
distributed on a large scale and not in the hands of a few large companies, as happens with
the main cryptocurrencies. This also allows us to replace the PoW, PoS or PoA with more
modern, secure consensus mechanisms that are not subject to hashrate attacks, minimizing
transaction costs and energy consumption, using the double ring cryptographic signature,
protocol gossip to gossip and bulletproof. All this has been made possible starting from a
DHT Framework previously used by the most famous P2P platforms (NAPSTER, eMule, BitTorre,
WinMX, etc.) rewritten from scratch in Golang and rusty, with direct acyclic graph,
effectively making double spending impossible.
NP is 100% anonymous, no data will be recorded or saved on an external source, but only an
encrypted SHA256 file.log saved exclusively on your device is created;
This will make impossible for anyone to connect a user to their wallet, even with forensic
techniques, and,
through the implementation of CryptoNote, it will be impossible for anyone to see balances
and transactions, except for the user himself. NP has a different concept of the block,
compared to traditional blockchains, where the block carries within it all the historical
data, since its creation, making the blockchain increasingly heavy, while in NP the block
will carry with it alone essential data and the last change of ownership so as not to become
heavy and remain lean and fast, secure and resilient, without servers or blockchain.
NP is the only one not to have a native coin as it was conceived and built to be the basis
of what will be the evolution of smart contracts or tokens and to be able to manage them
simultaneously on a single network at a single level.
Money Industrial Factory has developed SECC (smart electronic credit certificate) on NP,
intelligent electronic credit certificates, which are intelligent Stable Coins created by
merging Token and Smart Contract. This technology allows you to have a change of ownership
of a value, data or file in a safe and anonymous way without having to perform what is
called a transaction, but only by replacing the owner of the value, gaining speed with a
huge saving in computing power.
NP, being a decentralized and distributed storage system, which arises from a P2P, does not
lose the quality and functionality of the basic project, remaining able to manage in
addition to transactions also Dapp, name domain, streaming video and file sharing of any
like, anonymously. Safe and non-obscurable as it is impossible to shut down a large-scale
and decentralized distributed system.
NP solves the scalability problem by transforming each user into a validating node every time he performs an operation, thus giving the double of the necessary computing power.
all the users of PiggyBank will be repaid with part of the commissions in a clear, transparent and fair manner, as described in the section earn with PiggyBank .