One of the main gripes with having to stake your coins is that you have to unlock your wallet in order to do so. Using a variation on Two Step Send, you can synchronize computers from separate locations. This makes your wallet able to stake — while not always remaining online. Allowing for a more secure option to staking — especially for a large amount of coins.
Since our markets were just released for beta, we are still finishing up the “user friendly templates”. These will allow full automation of all of the services you can provide in Halo. Currently we only allow custom contracts. Once these are done, you will see an entire army of user friendly automation! Anyone even if not familiar with coins, will be able to use and understand the system.
The worlds first fully decentralized exchange is on its way. No middle coins, no websites, nobody touches your funds except for you. Centralized exchanges are notoriously known for taking users funds totally disrupting the trust people place in this wonderful technology. That day is going to be at an end very soon. NightTrader is a template in BlackHalo for microtrading. All legitimate currencies will be supported.
Halo does smart contracts of any kind. However to enhance the automation of these contracts we can allow for peers to agree on and execute Python code. Therefore, there is absolutely no limit to how complex you can make a smart contract! Unlike Etherium, this won’t bloat the blockchain and could scale indefinitely. Also, there is no need for protocol changes with new contract ideas! Perfect for derivatives and checking spot prices online.
Price Growth, no more volatility
An upcoming revolutionary change is coming to crypto-currency in the Halo platform. We are working on a currency that has the ability to inflate and deflate. Interest rates are controlled by votes and thus, users can grow their own coin in a stable fashion ending the era of the infamous “pump and dump”. You will be able to sell reserve bonds, perform advanced contracts and be your own bank. For Blackcoin, this sister currency will be a stable hedge adding health to the economy.
We are considering adding a basic notary address in all Halo clients and the ability to prove ownership of any document. This will be a very powerful tool in real world situations that still need valid contracts. In addition to your smart contract, this service can be immensely powerful.