SOIL is an Ethereum-platform based cryptographic smart-contract information and user-created application hosting service, built directly on top of a viable digital currency. It will be a consensus-driven and community managed currency, with democratically realized stakeholder input toward the further evolution of the system and its applications.
Through the use of it's decentralized Blockchain, there will be no single individual or small group of individuals with control of the currency. The overall decision making will be achieved through consultation and fair voting processes by the shareholders who maintain an investment in SOIL. The maturation of the system, with a progression of the core platform devopment can be suggested upon, voted upon and acted upon by a fair consensus of the community which remains involved with the project, in a transparent and open process.
At it's heart will be SOIL, a digital currency that will be traded as with any other cryptocurrency, on major online altcoin exchanges Built on top of this currency will be a decentralized user-built application platform ensuring a global network of computers handling the simple or complex automative needs of a growing industry.
Much of what we do today on the Internet runs through the centralized servers of major corporations (such as Facebook, Google, or Amazon). If you want to stay in touch with someone, you must engage in a "trust" with one of these middlemen. What we gain in simple performance, we lose in terms of accountability, privacy and security. With Blockchain technology, we allow the use of a distributed peer-to-peer network of users to create a globally executed virtual machine rather than a single authority. This allows us to create a decentralized infrastructure to to develop and distribute applications. Upon this Blockchain, scripted "contracts" can be placed, whose execution is guaranteed by the network as a whole. They will work independently of the need for human interaction, using SOILcoin as the fuel to enforce the application's operation.
SOIL will focus the delivery of smart contracts to a specific sector of industry, thus building a trusted brand. SOIL will approach the ecological and agricultural stratum of the commercial world, adding market specific DAPPS (Decentralized APPlications) operating on the SOIL network, bridging the gap between cryptocurrency and the real-world application needs of a progressively automated ag-business sector.
Farmers and ranchers worldwide are migrating towards precision agricultural methods, creating efficiency and efficacy for agricultural inputs and the spatial and temporal management of agricultural systems. ResearchMoz has predicted that the agricultural autonomous projects market will grow from $817million from 2013 to a staggering $16.3BILLION by 2020.
Modern farms are increasingly taking advantage of automated harvesting and tractors, which can operate around the clock and ensure tight operational windows can be achieved, especially for seeding and other time-sensitive activities. Nursery operations rely on automation for planting, pruning, grafting, etc. Weeding and thinning operations are now more and more automated. Crop inspection, data collection and manipulation are controlled by centralized computers to increase the productivity of modern farms. Dairy and poultry farms rely on heavily automated controls to work with their flocks and herds. Unmanned drones are used to inspect crops, sending data back to a centralized hub to be sorted into data and real-time 3D maps the farmer can use to adjust his operations and produces previously unknown adaptability.
Many of these processes are controlled by centralized servers which are subject to real world hardware failures which cost productivity and affect the bottom line. They are at risk of data corruption and loss, viruses and malware, but running applications across multiple local PCs to ensure security is costly and time-consuming. A decentralized global network protects data by providing an efficient accesibility from any device as well as the practical infrastructure of the Blockchain to run the applications that make automated agricultural practices a reality.
By placing these applications in a cryptographically secure and globally decentralized environment, this will remove these risk factors facing the agricultural business, and will, as the system evolves, exponentially increase the base value of SOIL, both as a speculative currency and as a platform for automated agricultural practices.
By being the first cryptocurrency based application to tackle these problems, we will be at the forefront of a revolution in both the altcoin world but in a future for real world applications in a automatic ecological and agricultural industry.
Through the use of it's decentralized Blockchain, there will be no single individual or small group of individuals with control of the currency. The overall decision making will be achieved through consultation and fair voting processes by the shareholders who maintain an investment in SOIL. The maturation of the system, with a progression of the core platform devopment can be suggested upon, voted upon and acted upon by a fair consensus of the community which remains involved with the project, in a transparent and open process.
At it's heart will be SOIL, a digital currency that will be traded as with any other cryptocurrency, on major online altcoin exchanges Built on top of this currency will be a decentralized user-built application platform ensuring a global network of computers handling the simple or complex automative needs of a growing industry.
Much of what we do today on the Internet runs through the centralized servers of major corporations (such as Facebook, Google, or Amazon). If you want to stay in touch with someone, you must engage in a "trust" with one of these middlemen. What we gain in simple performance, we lose in terms of accountability, privacy and security. With Blockchain technology, we allow the use of a distributed peer-to-peer network of users to create a globally executed virtual machine rather than a single authority. This allows us to create a decentralized infrastructure to to develop and distribute applications. Upon this Blockchain, scripted "contracts" can be placed, whose execution is guaranteed by the network as a whole. They will work independently of the need for human interaction, using SOILcoin as the fuel to enforce the application's operation.
SOIL will focus the delivery of smart contracts to a specific sector of industry, thus building a trusted brand. SOIL will approach the ecological and agricultural stratum of the commercial world, adding market specific DAPPS (Decentralized APPlications) operating on the SOIL network, bridging the gap between cryptocurrency and the real-world application needs of a progressively automated ag-business sector.
Farmers and ranchers worldwide are migrating towards precision agricultural methods, creating efficiency and efficacy for agricultural inputs and the spatial and temporal management of agricultural systems. ResearchMoz has predicted that the agricultural autonomous projects market will grow from $817million from 2013 to a staggering $16.3BILLION by 2020.
Modern farms are increasingly taking advantage of automated harvesting and tractors, which can operate around the clock and ensure tight operational windows can be achieved, especially for seeding and other time-sensitive activities. Nursery operations rely on automation for planting, pruning, grafting, etc. Weeding and thinning operations are now more and more automated. Crop inspection, data collection and manipulation are controlled by centralized computers to increase the productivity of modern farms. Dairy and poultry farms rely on heavily automated controls to work with their flocks and herds. Unmanned drones are used to inspect crops, sending data back to a centralized hub to be sorted into data and real-time 3D maps the farmer can use to adjust his operations and produces previously unknown adaptability.
Many of these processes are controlled by centralized servers which are subject to real world hardware failures which cost productivity and affect the bottom line. They are at risk of data corruption and loss, viruses and malware, but running applications across multiple local PCs to ensure security is costly and time-consuming. A decentralized global network protects data by providing an efficient accesibility from any device as well as the practical infrastructure of the Blockchain to run the applications that make automated agricultural practices a reality.
By placing these applications in a cryptographically secure and globally decentralized environment, this will remove these risk factors facing the agricultural business, and will, as the system evolves, exponentially increase the base value of SOIL, both as a speculative currency and as a platform for automated agricultural practices.
By being the first cryptocurrency based application to tackle these problems, we will be at the forefront of a revolution in both the altcoin world but in a future for real world applications in a automatic ecological and agricultural industry.
SPECIFICATIONS
ALGORHYTHM: DAGGER - a memory-hard to compute and memory-easy to verify Scrypt alternative, based on moderately connected directed acyclic graphs (DAGs). This creates an ASIC-resistant mining alternative, allowing for a more democratic distribution aspect for cryptocurrency mining. This prevents the centralized usage and control by a small cabal of miners from controlling the Blockchain verification process, and allows ordinary users with simple CPU and GPU mining software to compete.
BLOCK REWARD PROTOCOL: PROOF OF WORK - employed to deter Denial of Service attacks and other service abuses of the network by requiring some work by the miner, usually referring to processing time by the computer. The work must be difficult for the client software to solve, but easy for the network to verify.
TARGET BLOCK TIME: to be determined (30-60 seconds)
BLOCK MINING REWARD: to be determined (5-10 SOIL)
BLOCK DIFFICULTY:
TOTAL COINS TO BE MINTED:
BLOCK REWARD PROTOCOL: PROOF OF WORK - employed to deter Denial of Service attacks and other service abuses of the network by requiring some work by the miner, usually referring to processing time by the computer. The work must be difficult for the client software to solve, but easy for the network to verify.
TARGET BLOCK TIME: to be determined (30-60 seconds)
BLOCK MINING REWARD: to be determined (5-10 SOIL)
BLOCK DIFFICULTY:
TOTAL COINS TO BE MINTED: