Yunlaicoin is the main encryption fuel inside Yunlai Chain, which is used to pay transaction fees. Generally speaking, Yunlai Chain has two types of accounts: externally owned accounts (controlled by private keys) and contract accounts (controlled by contract codes). Externally owned accounts have no code, and people can send messages from an external account by creating and signing a transaction. Whenever a contract account receives a message, the code inside the contract is activated, allowing it to read and write to internal storage, send other messages or create contracts. CLC was initially sold as ERC20 Token on the Ethereum platform.

Cloud Live Chain

A true peer-to-peer live broadcast interactive system that allows consumers to directly pay and reward content producers without going through a "center". Although most of the platforms currently serving as "centers" are operating well, all of this is achieved on the basis of a handling fee of up to 70%. The center is usually responsible for the definition and distribution services related to content quality, such as live ratings and leaderboard calculations, because there is no open and transparent transaction record, and the center based on commission fees often obtains additional income through the "over-issuance" of virtual currency. At the same time, it also makes the fairness and justice of the content review and distribution mechanism based on this impossible, and loses the greatest benefits that the digital Internet brings to mankind: "convenience, high efficiency, and low cost."
To solve this problem, we redesigned a blockchain-based "Cloud Live Chain" based on blockchain and smart contract technologies. Yunlai Chain and its distributed and non-centered live interactive entertainment solution based on its economic basis can reduce the cost of digital entertainment asset distribution to a theoretical minimum. Units have the characteristics of autonomy and can achieve the balance of the entire ecology based on Nash equilibrium. In this open, fair and democratic environment, anyone can participate in this decentralized entertainment ecosystem.
The basic technology in the blockchain is constantly evolving. What problems should be solved in the technical direction and how to obtain the healthy development of the entire ecosystem requires enough community members to verify, find problems during the participation process, and Solve step by step. Form a virtuous circle of decentralized ecological development.

CLC application

Token Systems
On-chain token systems have many applications, from sub-currencies representing assets such as the U.S. dollar or gold, to company shares, where individual tokens represent smart assets, secure Unforgeable coupons, even a token system for point rewards that has absolutely no connection to traditional values.

Financial derivatives and currency with stable value
Financial derivatives are the most common application of "smart contracts" and one of the easiest to implement with code. The challenge is that most of them need to refer to an external price publisher.

Decentralized storage
The Yunlai Chain contract allows the development of a decentralized storage ecosystem, so that users can earn a small amount of income by renting out their own hard drives or unused network space , thereby reducing the cost of file storage. The fundamental building block of such a facility is what we call a "decentralized Dropbox contract".

Decentralized Autonomous Organization (DAO)
The concept of "Decentralized Autonomous Organization (DAO, decentralized autonomous organization)" refers to a virtual entity with a certain number of members or shareholders. Rely on say a 67% majority to decide to spend money and modify code. Members will collectively decide how the organization allocates funds. Methods for distributing funds may be bounties, salaries, or more attractive mechanisms such as rewarding work with an internal currency.

Solution

Smart Contract Store
Cloud Live Chain will provide users with sufficiently rich smart contract templates to facilitate the automatic execution of token distribution and incentives, and also open ports to allow ecological Everyone can participate in the design and issuance of smart contract templates, and define prices or incentive conditions by themselves, and, like the founding team, obtain corresponding token incentives through the user's usage rate, that is, smart contract templates that no one uses will Unable to obtain benefits, even the founding team and the alliance itself.

Scoring system
"Rich fans" with spending power consume their content by giving "virtual gifts" to the host. Quality "vote". Through the "time factor acceleration algorithm" of viewing time, the weight of voting on it decreases with time, and while not reducing the anchor's income, try to prevent the "rich" from "swiping votes".

Fan Promotion Incentive Mechanism
Users with the ability to spread content can attract more consumers to consume based on the "virtual gift" generation by forwarding and sharing the live broadcast and anchor related addresses Coins and tokens for purchasing viewing time, and these effective consumptions, while rewarding communicators and anchors, are also equivalent to voting on the content through the "sharing index". As the number of effective consumers who click on the content increases, the users who spread the content will get token consumption rewards from the coverage level to the tenth level.

Idle Bandwidth Utilization
Cloud Live Chain is based on a proof-of-stake (POS) consensus mechanism. PoS has low computational cost and high transaction throughput. In this model, cache nodes and viewer clients do not need to perform hash calculations, which reduces the waste of computing resources. However, this approach has important implications for the design of the Cloud Live Chain protocol, especially for the bandwidth sharing reward scheme.

Copyright Timestamp Registration Platform
Cloud Live Chain is based on traditional content copyright registration, introduces the blockchain data storage function, produces new blocks, forms a copyright asset chain, and utilizes the blockchain The technical feature of blockchain decentralization is to embed exclusive and unique passwords for copyrights, that is, to stamp content copyrights with time stamps, and the blockchain copyright statements written with time stamps have the same legal effect as traditional copyright certificates. At the same time, a content copyright "electronic ID card" is generated, which is permanently valid and cannot be tampered with.