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Bitvavo makes JasmyCoin as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.
Jasmy Coin is a cryptocurrency focused on improving data management and security within the Internet of Things (IoT). More and more devices are connected to the internet, such as smartphones, computers, smart home appliances, TVs, and sensors. This is called the Internet of Things. These devices are continuously collecting and sharing data, which increases the risk of data leakage and misuse. Jasmy Coin addresses these concerns by providing a decentralized platform that ensures data privacy and security.
Jasmy Coin uses blockchain technology to create a data sharing environment. It uses Secure Knowledge Communicator (SKC) technology to allow users to securely store, manage and share their data. The SKC integrates blockchain technology with advanced data management techniques to provide a secure and reliable data management solution.
Users benefit from Jasmy Coin by having full control over their personal data. They can decide who has access to their data and under what conditions. This allows them to share data in accordance with their privacy requirements. Furthermore, users can even monetize their data by granting controlled access to third parties in exchange for JASMY tokens.
The JASMY token plays a crucial role in the Jasmy ecosystem through several important functions. With the JASMY token, users get access to various services and products. In addition, JASMY tokens are used to reward users who share their data under controlled conditions.
Jasmy Coin was founded by a group of four Japanese developers with extensive backgrounds in technology and entrepreneurship: Kunitake Ando, Kazumasa Sato, Masanobu Yoshida and Hiroshi Harada. They all worked in senior positions at renowned companies such as SONY and KPMG. This rich experience and expertise forms a solid foundation for the Jasmy project. The team behind Jasmy consists of a diverse group of professionals who work together to continuously improve and expand the platform.
Jasmy Coin offers a variety of features and use cases that benefit both end users and developers:
The Secure Knowledge Communicator (SKC) is the core technology within the Jasmy ecosystem. It provides a secure way to store, manage and share data using blockchain technology. The SKC consists of three main components: the blockchain layer, the data management layer and the application layer.
The blockchain layer ensures the integrity, security and transparency of data transactions. This is achieved by applying cryptographic techniques that encrypt data and make it immutable. Each transaction is recorded as a block, which is then linked to the previous block. This creates a chain of data that cannot be changed.
The data management layer manages the storage, retrieval, and sharing of IoT data. Smart contracts are used to automate compliance with data access policies. Users can set specific conditions for who can access their data and for what purposes it can be used. This provides a secure and controlled model for data sharing.
Finally, there is the application layer, which serves as an interface between users and IoT devices. It provides a user-friendly way for users to manage and share their data. Through various applications and services, users can control their data exchange and view their data history.
Jasmy uses advanced encryption algorithms to protect data both at rest and in transit. This includes asymmetric encryption for secure key exchanges and symmetric encryption for efficient data encryption. Decentralized data storage distributes data across multiple nodes in the network, increasing data security and availability.
Users can set specific conditions under which their data can be accessed or shared, such as who has access, for what purpose and for how long. This is fully automated by Jasmy’s use of smart contracts. Data on the blockchain is tokenized, allowing the smart contracts to manage the data.
The JASMY token serves as a medium of exchange for transactions and services within the Jasmy ecosystem. Users can earn JASMY tokens by sharing their data in a controlled and secure manner, allowing them to monetize their personal information. In addition, the JASMY token is required to access various features and services offered by the Jasmy platform, such as secure data storage and management.
Another crucial role of the JASMY token is the governance of the platform. Token holders can participate in decision-making on the future direction of the Jasmy ecosystem through voting mechanisms, which contributes to a decentralized and democratic structure. The maximum supply of JASMY tokens is set at 50 billion.
Jasmy Coin has some unique features and characteristics that set the project apart from other projects:
Buy Jasmy Coin (JASMY) at Bitvavo. Both beginners and experienced traders can use our platform to buy, sell and trade JASMY . Follow these steps to buy JASMY tokens via our website or app:
After your purchase, the JASMY coins are automatically and directly added to your Bitvavo account, where you can easily manage and trade them. Selling JASMY tokens is just as easy from your account, so you can quickly respond to market changes.
After purchase, your JASMY tokens will be safely stored in your Bitvavo account. The majority of assets are stored in cold storage by Bitvavo, which means they are kept extra safe offline. We also recommend enabling two-factor authentication (2FA) to further protect your account.
Would you rather store your JASMY tokens in an external software or hardware wallet? After purchase, you can easily transfer your JASMY tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your assets.
* This is for informational purposes only and is not advice, nor should it be relied upon as such.
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