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Bypassing COVID with Marco Application
Going on a vacation can certainly have a positive impact on our health. But with the pandemic, travel becomes more challenging. Therefore, we may be questioning everything to make sure that we can travel most safely.
Our application makes everything so simple and safe for whoever wants to travel. Marco Application is a Peer-to-Peer app and online marketplace which connects people who want to rent out their homes with people who are looking for a suitable place to stay in that locale.
You’ll find an available home and rent one as a guest and add your flat as a host without using a credit card or cash. This means not getting your hands on a site that may be infected. It’s all safe. The payment method in the Marco app is fascinating because you will pay/get the rent by cryptocurrencies. For hosts, participating in Marco is a way to earn some income with crypto from their property and for the guests, the advantage can relatively reduce their costs during their trip.
You are just a few clicks away from knowing your host, read past guest reviews, and more detail about cancellation options. The point is that it is possible to choose the type of payment currency (BTC, ETH, USDT, MRC). Our blockchain technology brings a disruptive opportunity to reinvent the travel ecosystem. Customers can use MRC to directly make bookings.
Marco application provides a smart-contract-based protocol that connects all consumers and businesses in the travel industry on a decentralized travel ecosystem that incentivizes content creation, transactions, and consent-based sharing of user data. It also, offers a zero-commission marketplace between venues and their customers.
Now, you are ready to start traveling safe and smart with Marco App?
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Peer to peer is the most secure, safe, and smart way of trading
Explaining the benefits of peer-to-peer:
A peer-to-peer service is a decentralized platform where two individuals interact with each other. We can tell, P2P trading is the actual act of buying and selling directly between users. The P2P platform may provide services such as search, screening, rating, payment processing. The main point about it is that the platform directly connects people to a transaction without the third party or any middleman. This means you can share information, join on some projects, or communicate without any direct intermediation.
Peer-to-peer platforms are the most secure way of trading. In this agreement, a third party holds the funds safely and securely until the promised trade is completed. They connect traders and allow them to conduct deals directly. Without a third party, the whole process is much safer.
Regular cryptocurrency exchanges which are run by people, who have to be paid for their work. However P2P exchanges are run by software, which means there’s little to no corporate overhead and very small fees for the users. We can tell, they don’t serve as intermediaries between their customers and make a profit by collecting fees. It’s all about cheap operations. On the other hand, P2P exchanges are invulnerable to government interference, it’s because they don’t have any central point of authority that could be coerced, the system will remain unaffected which is important.
Marco application is a platform that connects people who want to rent out their homes with people who are looking for a place to stay in that locale. All of these can happen without any face-to-face connection with someone else. There’s no need for any middleman and third party as the application is peer-to-peer. You are just a few clicks away from knowing your host, read past guest reviews, and more detail about cancellation options. It’s you who wants to book a place to stay + the one who is a host and wants to rent out its place. It’s a safe, secure, and smart connection with the application.
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Marco App is about a powerful mutual benefit between venues and their customers
Everything about Marco Application:The main point of the application would be the collaborative ecosystem that changes from centralized + monetization to the decentralized + collaboration model which is an importantfeature, that is made possible by blockchain and Smart Contract Technology. It should be noted that a tokenized economy run on blockchain and Smart Contracts offers an ideal framework.In addition to that, Marco Application is an example of a DApp on the Marco protocol, which is using its open API and transparent data access. It also serves to upstart the ecosystem, by forging a content platform with a powerful incentive scheme, a zero-commission marketplace for business venues.Users are encouraged to share quality reviews with the community in exchange for MRC tokens.Marco application is a Peer-to-Peer app and online marketplace which connects people who want to rent out theirhomes with people who are looking for a place to stay in that locale. Payment method in Marco app is so smart, because you will payor get the rent by cryptocurrencies (BTC, ETH, USDT, and MRC).Marco App provides a decentralized and commission-less infrastructure between vendors and consumers to engage in transactions of services. Vendors can manage their inventory and pricing, and consumers can use tokens to make direct purchases.There is a zero-commission marketplace between venues and their customers. Hotels can add and manage their room inventory, including descriptions with photos, rates, and availability. Customers can use MRC to directly make bookings. And our Smart Contract feature will be the means of engagement between consumers and businesses.It’s all a mutual benefit. All these can be done without the middlemen or any third party, which is so important during these days. What’s makes Marco App so unique is that, the whole
payment method is based on cryptocurrency. No need for carrying cash or credit card during your journey. It’s the safest and the most applied application.
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Marco Application bring the value of Marco Network into real-life
What is Marco Application?
The main point of the application is to bringthe value of Marco Network into the real-life. We can tell, It’s an example of a DAppon the Marco protocol, which is using its open API and transparent data access. It also serves to upstart the ecosystem, by forging a content platform with a powerful incentive scheme, a zero-commission marketplace for business venues. The core functionality for user participation is content contribution. Users review and share their favorite places, along with smart tags and photo or video media.
Marco App allows users to access the decentralized database of location-based information about hotels, restaurants, shops, museums and other travel and lifestyle venues. Users are encouraged to share quality reviews with the community in exchange for MRC tokens. On the app, users can find interesting venues that their friends, a trusted expert, the crowd or theAI engine recommend. Thousands of venues in key destinations are pre-populated on the system, and through bounty mechanics and creation incentives, the content will quickly expand.
Marco application is a Peer-to-Peer app and online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in that locale without the middleman and any third party. Payment method in Marco app is so smart, because you will pay/get the rent by cryptocurrencies (BTC, ETH, USDT, and MRC). For hosts, participating in Marco is a way to earn some income with crypto from their property and for the guests, the advantage can be relatively reduce their costs during their trip.
What’s makes Marco App so unique is that, the whole payment method is based on cryptocurrency. No need for carrying cash or credit card during your journey. It’s the safest and the most applied application.
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Get Rewarded For Being a Critic — How Marco Travel Works Marco is leveraging exciting developments in the world of decentralized technology in order to give power back to consumers. They are creating the Marco Protocol, a universal protocol layer set to connect consumers and businesses in the industry through a decentralized travel ecosystem that represents their needs. You can read more about Marco travel on icoshock.com https://icoshock.com/get-rewarded-for-being-a-critic-how-marco-travel-works/ |
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How a DApp works?
These applications work as follows: each user of the same DApp is a node in a decentralized network where all members work together. If we put this process into practice, everything works automatically, and it is the system itself that corroborates the validity of interactions with smart contracts (they self-execute when the conditions programmed in the code are met).
Each time a new operation is performed, the platform information is updated on the nodes. A copy of the entire history of the DApp is stored there. Next, let's tell you the advantages of the distributed character of your blockchain:
• Increases information security against possible theft, computer attacks, etc., as data is not stored in a central database.
• Avoid the use of information for commercial purposes, so that information published in RRSS from a DApp cannot be traced.
• Facilitates the closing of agreements through smart contracts, as the agreed conditions can be met automatically.
• The distributed character prevents possible system crashes, as these are nodes. If one of them fails, the rest still works.
Bitcoin has been the origin of everything because blockchain is the technology behind this cryptocurrency. Now that you know how it works, let's see the process that a traditional application follows to get the difference clear.
Think about the Facebook mobile app, from which you can access your friends' profile, view their photos, etc. None of this is stored in the app, because if it did it would take up a lot of space. It's easy, if we want to see a photo, first we have to log into our account and then search for X profile. Facebook goes to its back-end to be able to provide you with this information and then send it to the front-end.
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MRC ICO started in 2019 and went on for 18 months.
On November fifth, 2020 as MRC was available on exchanges, officially both Private and Public ICO ended. We got our first IEO on November 2020,
In the IEO, Marco has cooperated with P2PB2B in order to offer tokens through its partnering exchange. In the IEO, the total MRC that has been sold was 470M tokens.
On January 2021, we distributed all the purchased tokens, according to our first Roadmap the token distribution was going to happen on March 31st, 2021, but as the listing happened sooner, we decided to start the distribution step by step, and as no one can exactly predict the cryptocurrency world and due to Ethereum crowded network we decide to distribute all tokens purchased and now everyone received their MRC.
There are still more things we have done in almost a year and half, we have started our staking program in 2021 first quarter, now you can stake your MRC and get unbelievable interest. Now that we had a quick run on what happened on 2020, let’s talk about our plans and what's 2021 going to be like for MARCO platform,
We redesign the Dapp to be more useful and officiant in the time of pandemic, as all of you know, Covid-19 has changed the norms and even the way we travel. There has been a lot of changes in the Tourism Industry over the past year and we have lost almost 6 months of coding the dapp. One of the advantages of our Dapp is that anyone can rent the place and pay the amount by cryptocurrencies such as Bitcoin, Ethereum, USD tether and Marco.
As promised before, when anyone makes payments with MRC there will be no commission involved, there is very low commission for paying with USDT, BTC and ETH. The charge will be only a few percentages. But remember the fact that you can always book the place with zero commission while using MRC.
Marco project has a lot to offer and planned out every step of it like we are going to start our market making and new marketing strategies in the second quarter of 2021 also, we have a great digital marketing plan which also will be started in the second quarter of 2021. We have a new partnership in the digital marketing section and we started to work with an American digital marketing company to start big on our new digital marketing plan.
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Major Types of Smart Contracts
Assuming the reader has a basic understanding of contracts and computer programming and building on from our definition of smart contracts, we can roughly classify smart contracts and protocols into the following major categories.
1. Smart legal contracts
2. DAOs
3. Application logic contracts (ALCs)
Types of Smart Contracts
Smart contracts have the potential to disrupt many industries including the banking sector, insurance, telecommunication, art world, music and film, education and many more. They range from simple to complex.
An example of simple contracts includes time-stamping services like ascribe for art registry — also, governmental and semi-governmental records for land titles, birth certificates, school, and university degrees.
However, many regulatory aspects are made up of complex contracts. A good example is the Decentralized Autonomous Organization which represents the most complex form of smart contracts.
Examples of Simple Contracts
A simple digital value exchange — let’s imagine an employer sending some Bitcoins to an employee. A smart right and obligation contract — let’s imagine a consumer that buys a digital content stream.
Examples of Complex Contracts
• Distributed autonomous government — let’s imagine settlers of a previously uninhabited area who code their own self-enforcing government services.
• Distributed autonomous organization — let’s imagine self-driving trucks that make P2P deliveries and pay for local toll road fees.
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Ethereum Smart Contract
Most of us associate blockchain with bitcoin, it’s most shiny and known use case. Ethereum, another groundbreaking cryptocurrency and blockchain platform was launched, by 18 years old genius developer Vitalik Buterin. Ethereum smart contracts allow for design, development and scaling of thousands of versatile applications. It’s Virtual Machine (EVM) Turing complete software enables simultaneous execution of operations by every node in the Ethereum network, resulting in faster and easier blockchain creation.
So how does typical Ethereum smart contract work?
Ethereum smart contracts are enforced and certified by parties called miners (GPU heavy servers), that use consensus protocol called Proof of Work (PoW). Each transaction or operation on the Ethereum network has a cost, expressed in Gas, a measure of the computational use of the unit. Gas price and limit are correlated to costs of launch a decentralized application (dApps) or development of decentralized autonomous organization (DAO). Ethereum miners add a transaction (eg: cryptocurrency payment, smart contract operation…) to a new block on Ethereum network., which as explained is a cost of executing smart contract operations. When smart contract is published or smart contract function executed, money verified and transferred to another account, miners get paid with Gas.
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Smart contract Use:
Smart contract use cases range from simple to complex. They can be used for simple economic transactions like sending money from A to B. Smart contracts can also be used for registering any kind of ownership and property rights, like land registries and intellectual property, or managing smart access control for the sharing economy. Smart contracts have the potential to disrupt many industries. Use cases can be found in banking, insurance, energy, e-government, telecommunications, music industry, art, mobility, education, and many more.
With a smart contract, every agreement, every process, task, and payment can have a digital record and signature that could be identified, validated, stored, and shared. Time-stamping services like “Bernstein” (patent registry), or governmental and semi-governmental registries (land titles, birth cert cates, school, and university degrees), are examples of simple technological use cases. While time-stamping services are simple to implement on a technical level, the regulatory aspects of such use cases might be much more complex, depending on the type of industry and specific use-case. Smart contracts can furthermore be used for much more complex agreements between a multitude of actors, along the supply chain of goods or services, or for governing a group of people that share the same interests and goals without the need of traditional centralized institutions. Decentralized Autonomous Organizations (DAOs) are such an example and probably represent the most complex smart contracts. The smart contract hereby formalizes the governance rules – the bylaws, governing statutes, rules of procedure, or articles of association of an organization – and replaces day-to-day operational management with self-enforcing code.
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A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control, or document legally relevant events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need in trusted intermediates, arbitrations, and enforcement costs, fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts could bring many efficiencies by serving as intelligent, automated, intermediaries for individuals who require them. Acting as an automated travel agent, these smart contracts would utilize data oracles to source a range of relevant services. Not only that, they could hold funds in escrow and only release them if services are properly provided.
Why Do We Need Smart Contracts?
Now that you understand the basic definition of a smart contract, the first question that must have come to your mind is, why do we even need a smart contract.
To understand that, consider that you are buying a property for which you need to request a mortgage loan from your bank. Funds approvals and deposit is a multi-step process that involves many parties and lots of regulatory paperwork. You will have to fill in your personal information, contact all the intermediaries involved in the transaction, get signatures and so on. This not only consumes a tremendous amount of time but also adds up to the total cost considerably. And all of this because there is a lack of trust between the transacting parties.
Fast forward to the future when smart contracts are mainstream, and you are planning again to buy a property by taking a loan from a bank. You will be able to verify your identity using your digital identity stored on the blockchain. From the loan approval to the transfer of ownership, every successful transaction will be transacted in the matter of minutes and recorded on the blockchain.
This is how smart contracts eliminate the need for trust and make transactions faster and more secure.
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A discussion about How can blockchain make electronic voting more secure?
While a great deal of our lives have moved online, voting by and large still takes place using paper ballots. Amrita Dhillon, Grammateia Kotsialou, Peter McBurney and Luke Riley write that controversies over the expected surge of mail-in ballots in the US November elections due to the COVID-19 pandemic underscore the need to modernise the mechanics of voting. They argue that blockchain technology can enhance efforts to move to electronic voting by offering greater security and transparency, which may increase needed trust in election systems.
As the US presidential election approaches, one of the largest impact of the COVID-19 crisis has been on how people vote. Many voters have become wary of going to polling places for fear that they will be exposed to the virus at election sites filled with other voters. The only other options are online voting, generally conducted by email in a limited number of places, and postal ballots, now a subject of political controversy in the US. In the run-up to the November elections, questions are growing over whether a surge of ballots will overwhelm the postal service, and whether cutbacks to the service and efforts to discredit mail-in voting by President Donald Trump are politically motivated to undermine both election turnout and confidence in the results.
For the first 50 years of US elections, voting took place in public, by voice. Eligible voters went to the local courthouse to vote. Since the move to the anonymous paper ballots of today, voting technology has changed little, making the way that we select our leaders look antiquated compared to the growing use of the Internet and other forms of contemporary digital communication. Yet, where adopted, electronic voting has shown clear benefits. For example, research in Brazil has shown that the adoption of electronic voting reduced residual votes, and led to greater de facto enfranchisement of mainly uneducated voters– leading, as a result, to increased government spending on healthcare services. Recent research in India showed that the use of electronic voting machines has reduced electoral fraud.
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How Does a Decentralized Exchange Work?
There are various types of DEXs, that can be divided in these categories:
• On-Chain Order Books
In a DEX that uses on-chain order books, there are network nodes that are assigned to maintain the record of all orders. It also requires the operation of miners to confirm each transaction. Some of the well-known platforms that use on-chain order books include the Bitshares and StellarTerm exchanges.
• Off-Chain Order Books
As opposed to on-chain order books, records of transactions in off-chain order books are hosted in a centralized entity. They utilize “relayers” to help manage these order books. In this respect, off-chain order book DEXs are only quasi-decentralized, unlike other types of DEXs. Examples of DEXs using off-chain order books are Binance DEX, 0x and EtherDelta.
• Automated Market Makers (AMM)
Automated market makers exploded in popularity in 2020, driving much of the DeFi boom, and are used by popular DEX platforms like Uniswap, SushiSwap and Kyber Network. AMMs have no need for order books. Instead, they utilize smart contracts to form liquidity pools that automatically execute trades based on certain parameters.
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Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
How Can Blockchain Benefit the Travel Industry?
In terms of the advantages blockchain technology can offer within the travel industry, stability and security rank very highly. The decentralised nature of the blockchain means that information can never go ‘offline’ or be lost through accidental deletion or a malicious cyber attack, ensuring transactions are always traceable.
The travel industry relies upon different companies passing information between one another. For example, travel agents need to pass customer details on to flight companies and hotels, while the personal belongings of travellers are often passed between companies and tracked too. Blockchain can make accessing and storing important information easier and more reliable, because responsibility for storing it is shared across the whole network.
Of course, financial transactions are a vital part of the travel industry too, and blockchain technology has the capacity to not only simplify, but also secure payments. This is especially true when dealing with overseas payments. As a consequence of this, blockchain has the potential to improve the level of trust among all parties.
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Many industries have collapsed, while others re-establish after the outbreak that caused their businesses to go down. However, blockchain and cryptocurrency experienced small impact on its establishment due to the crush partly because it is a digital system. However, man as the company’s essential resource, their mass deaths from covid-19 has resulted in a loss of profit.
• The Cryptocurrency Scheme Is Doing Better Than Before!
Many people around the globe have shown interest in digital currencies. It is believed to be a better way of curbing the rampant spread of the virus. People prefer using digital currencies to avoid handling hard cash. This has made the cryptocurrency market to grow as compared to other economic sectors.
• There Will Be an Increment in Use of Blockchain
Many people are now taking a look at this technology to respond to the ongoing covid-19 pandemic. A considerable number of people worldwide have been associating themselves with blockchain technology yearly, making it grow in many ways. Blockchain has made trading with currency possible for investors because it is transparent, secure, reliable, and time-saving.
• Covid-19 Will Effect Use of Cashless Across the Word
Many countries across the world have been shunning the use of hard cash in the market. People started paying for their goods using credit cards two decades ago. This was followed by the introduction of digital currency systems across the world. The system experienced resistance from different countries because many societies were used to the old form of business transactions. However, it was received in most developed nations. Many banks considered a transition towards making their payments in digital way.
Covid-19 is having adverse effects on the social, political, and economic sectors. Many industries are encountering losses as they plan to recover from the harsh effects of the pandemic. The pandemic has also hit blockchain and cryptocurrency. As a result, the public has been advised to avoid handling hard cash, and many are adopting the use of digital currencies. However, we found that the industry is affected in a negative way as well as positive. The benefits are seen to be more than the losses. Perhaps, blockchain and cryptocurrency as a digital industry will survive the heat of covid-19.
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No one will have the trouble to access our Dapp because the first version is going to be available for both IOS and Android and everyone can use the Dapp to rent their places like their house or apartment they can present their place on Marco application and get paid by Cryptocurrencies.
One of the advantages of our Dapp is that anyone can rent the place and pay the amount by cryptocurrencies such as Bitcoin, Ethereum, USD tether and Marco.
As promised before, when anyone makes payments with MRC there will be no commission involved, there is very low commission for paying with USDT, BTC and ETH. The charge will be only a few percentages. But remember the fact that you can always book the place with zero commission while using MRC.
Let’s read about the Benefits of Decentralized Applications (dApps)
1. Decentralized applications are more stable, more flexible, and safer
However, the main benefit of so-called dApps – decentralized applications – is that they, as the name suggests, lack centralization. This means that they can be more resilient, autonomous, and secure than traditional applications.
2. Decentralized applications are censorship resistant
A decentralized application, on the other hand, would never be subject to this type of centralized control. The code that underpins the application is open-source and is – at least ideally – autonomously managed. In addition, there is no all-powerful corporation that controls the application itself.
3. Decentralized applications are immune to single points of failure
Instead of relying on a flow of data stemming from one central point, users of decentralized applications enjoy a far more distributed approach. In fact, any computation needed is done at different ”nodes”, eliminating the need for a single entity.
Furthermore, none of these nodes are instructing the other nodes. As a result, decentralized applications will not theoretically need any sort of downtime. Instead, they will be far more readily accessible and stable than traditional, centralized applications.
It should be noted, however, that the potential of decentralization and decentralized applications is not only motivated by features. The advent of dApps and decentralization also comes with an important ideological motivation.
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Our first big news is we redesign the Dapp to be more useful and officiant in the time of pandemic. Due to, that Covid-19 has changed the norms and even the way we travel. There has been a lot of changes in the Tourism Industry over the past year and we have lost almost 6 months of coding the dapp.
We all know that DApps have been designed to avoid any failure, and here are some advantages:
• Increases information security against possible theft, computer attacks, etc., as data is not stored in a central database.
• Avoid the use of information for commercial purposes, so that information published in RRSS from a DApp cannot be traced.
• Facilitates the closing of agreements through smart contracts, as the agreed conditions can be met automatically.
• The distributed character prevents possible system crashes, as these are nodes. If one of them fails, the rest still works.
• Unlike traditional applications, they have resources and functionalities distributed among blockchain peers.
• Redistribute the power so that users of these applications can receive benefits in an equitable way.
• Avoid any data manipulation.
Phase 2 of the Dapp includes the smart contracts for hotels and airlines going to be available and the content creation blocks and rewards will be started.
Lastly, our Dapp has new exchanges listing new marketing strategies and great market making for the Dapp and MRC so stay tuned.
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Add liquidity to MRC/ETH pool and enjoy receiving liquidity provider rewards. Liquidity providers earn a 0.3% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real-time, and can be claimed by withdrawing your liquidity. For more information about the UniSwap pool, refer to the following link: https://uniswap.org/docs/v2/core-concepts/pools/ |
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