FEATURES The Currency Built for a Connected World
Ease of use, security and privacy in a single platform
We connect Users, Vendors and User Data Providers enabling not only monetary exchange, but also information exchange. The network provides the basic framework and API's needed to trade value and utility in a secure and selectively private way, enabling a secure private and auditable online marketplace.
Users control data and privacy
Photino’s decentralized network ensures the underlying transactions are anonymous between users and applications. However, users can selectively reveal different personal identity predicates to the transaction. By using zero knowledge mechanisms, users can add predicates, preferences generated from external data providers, to the transaction.
Highly scalable with low latency
Photino technology allows two mobile devices to transact using Photinos directly without using a blockchain as an intermediary. This allows the network to support millions of transactions without adding any additional latency due to blockchain interactions since these are relegated to an asynchronous update process. The hashing and consensus based work is reduced so as to offer a green, efficient and fast transaction network.
The network endpoints on mobile devices create connections that act as a private payments mechanism between two users which will later be recorded on the blockchain.
Data and transaction security
Photino provides a secure transaction and data storage environment where encryption strength builds over time with the addition of users, nodes and processing power. Thus, as the network scales, this security becomes more robust over time.
For most cryptocurrencies, supply does not respond to changes in demand, often leading to extreme volatility. With Photino, however, as the currency matures a "central bank algorithm" will be implemented. Additionally supported by reserves, this algorithm will imitate the open market operations of a central bank by introducing a smart contract that controls the supply of coins in the system. This stability, in turn, makes Photino an attractive store of value and an ideal transaction medium.
Ready for a deeper dive?
Contact us for any questions about Photino or for additional information on how you can get involved.