Emphy – Success And Perspective For Landlords And Tenants

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Emphy – Success And Perspective For Landlords And Tenants

Emphy team is mostly interested not only in creating a popular decentralized ecosystem for short-term leases. It’s worth noting that the developers and employees of the Emphy project are also interested in the owners of Emphy-EmphyCoin tokens (about this token we will talk a little later) have received direct economic benefit from their investments and at an early stage of acquiring these tokens, and of course in the long term.

Many of you will offer different options. And, of course, I will not argue that they are not right, or allocate some of them in a special way, like the right ones. But, you know, I want to emphasize the idea, which is born of a promising decentralized cryptographic project – Emphy – https://emphy.io/ – which really, at this stage of development of our society, stands at the first steps of the most powerful global success and prosperity.

And now I’ll tell you about the token of the decentralized Emphy system. The project created tokens called EmphyCoin. What are the functions of EmphyCoin in this project? EmphyCoin is the unit of account between all users of the Emphy platform. It is this token that will provide the crypto currency of the Emphy project with its value, functionality, increase the demand for the crypto currency itself and provide stable interest on the part of users of the system.

In general, the released number of Emphy tokens is limited. There is a steady demand for these crypto-currencies due to the growth of short-term rental contracts, which in turn will increase the cost of tokens on the market (or exchange), and the real possibilities of using tokens will quite help stabilize the volatility (characterizing the price variability) of the course of the crypto-currency market generally.

You can buy EmphyCoin tokens during the ICO project, which will take place from October 7, 2017 until November 6, 2017. Hurry, because, as I said earlier, the number of Emphy tokens is limited! Come and buy your tokens, they are waiting for you – https://emphy.io/

Speaking about the principle of Emphy’s work, it is worth noting several main consecutive moments that are leading in this system. Everything is built on the relationship between the guests (tenants) and the owners of the property (landlords), who naturally interact on the Emphy platform. It is worth starting with the fact that the interaction with the Emphy system begins when the guest decides to rent a house. First, he should consider several options for his short-term stop in a certain house or apartment and roughly understand what amount of money (tokens) he will need. At this time, the guest is already a user of the Emphy system and has his temporary wallet, to which he transfers the full amount of the lease in the Emphy-EmphyCoin tokens, buying them in advance.

After that, between the two parties – the lessor and the tenant – is a smart contract for short-term leases based on Blockchain Ethereum (a smart contract is entered and confirmed in Blockchain).

Further in the form of commissions, the ecosystem of Emphy receives 4% of the amount of this smart contract (if compared with the existing commission scheme in everyday life, which tenants pay for renting julia – it’s very small, but stop, see what happens next). Then 30% of this already paid commission in the form of bonuses is returned to the guest and the owner of the real estate! The truth is really cool! And so, the commission is not 4%, and 2.8% – which is very small.

Following the scheme below, the landlord receives transactions for rent in EmphyCoin from the temporary wallet to which the guest sent tokens (of course, this happens with the consent of the tenant). EmphyCoin real estate owner gets every day for a day ahead (only for one day, not for all days of renting right away, but gradually – it seems to me very convenient for both parties). In the future, the owner of the real estate can exchange these received tokens EmphyCoin for Bitcoins (BTC), Ethereum (ETH) and on all of us known fiat money – dollars (USD), euro (EUR), Japanese Yen (JPY) and Chinese Yuan (CNY).

Have you ever heard of architecture? Of course, everyone knows what it is. This is not even necessary to explain, but did you know that architecture exists in cryptographic space? No? Then you will know, and now I will tell you about it in detail. It’s like the same construction.

So, the ecosystem of Emphy is based on the architecture of a full node (from English – Full Node) and an easy client (from English – Lite Client). Complete nodes perform a very important mission, their functionality is related to all the computing work in the project. In addition, light clients work closely with nodes.
It is the use of Full Node is an important point in the ecosystem, because the computational core that is born in the Node.js system fully meets all the important and necessary requirements for passing transactions to be reliable and maximally and conveniently fast.

Have you ever heard of architecture? Of course, everyone knows what it is. This is not even necessary to explain, but did you know that architecture exists in cryptographic space? No? Then you will know, and now I will tell you about it in detail. It’s like the same construction.
So, the ecosystem of Emphy is based on the architecture of a full node (from English – Full Node) and an easy client (from English – Lite Client). Complete nodes perform a very important mission, their functionality is related to all the computing work in the project. In addition, light clients work closely with nodes.
It is the use of Full Node is an important point in the ecosystem, because the computational core that is born in the Node.js system fully meets all the important and necessary requirements for passing transactions to be reliable and maximally and conveniently fast.

For safe storage of information about user profiles and their geographical locations, that is, the location, residence, stay, the PostgreSQL DBMS is used, which is associated with PostGIS.
For those who do not know what kind of concepts they are, I’ll give them an abbreviation. DBMS PostgreSQL is a “free object-relational database management system”. It is implemented for many UNIX-like platforms, including AIX, various BSD-systems, HP-UX, IRIX, Linux, macOS, Solaris / OpenSolaris, Tru64, QNX, and also for Microsoft Windows.
PostGIS is an extension to the previous PostgreSQL, implements the OpenGis standard. In this extension, PostGIS contains extensive functionality for working with spatial data. For example, PostGIS is used to display geographic maps.

Quick access to the necessary information on the platform provides Fetch-service. This service provides an interface for obtaining resources (different types of data, files, and generally different information of interest to you, in particular on the network).
In order for you to rent a house, you first need to see how it looks, that is, to look at the usual photos, so that it’s easier for you to decide the choice. But on the Emphy platform there will be a lot of different landlords who rent more apartments, houses, rooms and different objects. Therefore, in order to fix all these pictures for the convenience of both the landlords themselves and the guests, all photos will be placed in the IPFS protocol system, where these photos will be stored.
It will be very convenient, because at any time you can look at a certain desired property that you would rent. But let’s figure out what IPFS is, so you understand what is going on, because there are a lot of new concepts and terms.

IPFS – from the English InterPlanetary File System – translates as “interplanetary file system.” This is a content-addressable, one-rank hypermedia communication protocol. The nodes of the IPFS network form a distributed file system. IPFS is an open source project that is developed by Protocol Labs with the assistance of the Open-Source community. Originally designed by Juan Benet.

I talked about the interaction of light clients with complete nodes, so, for this interaction, the nodes are provided with an API for communication, from the English “Application Programming Interface” or “application programming interface”. That is, to say more clearly, the API is already ready code, which is used very often by programmers, or by those who need it.

In general, light clients are applications for gadgets, mobile devices, tablets, phones and so on.
Ecosystem Emphy platform supports platforms such as Android and iOS (I think that this you do not need to explain, you must know yourself, because we live in such a time that everyone knows these things).
And it should be said that the combination of such technologies and schemes already proven by time provides a very powerful overall reliability, safety and speed of all the ecosystems of the Emphy project. Do not be afraid to join this project – https://emphy.io/! It really is waiting for success in the future. It is only necessary to start in the right direction, what the Emphy co-founders have already done by developing a scheme of the project that will become universal for all tourists, holidaymakers and just people who love this world!

To know the latest information about Emphy project you can visit the link below:

Website : https://emphy.io/
Whitepaper : https://emphy.io/wp-content/uploads/2017/09/Emphy_Whitepaper_eng_v1_0.pdf
Forum : https://bitcointalk.org/index.php?topic=2147509
Facebook : https://www.facebook.com/emphy.io
Twitter : https://twitter.com/EmphyOfficial
Slack : emphyofficial.slack.com/

BTT Profile : https://bitcointalk.org/index.php?action=profile;u=376156

ETH : 0xF4919c366c3ad386f0A5Abe322d6cDe0238CeB28

Post Author: ubay

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