In the following sections, we outline some technical highlights of the Poolz platform and smart contract.
As a heightened layer of security, the Poolz platform employs homomorphic encryption, eliminating the need to decrypt data packets during the computing process. In doing so, Poolz ensures a secured, tamper-proof swapping mechanism for end-users, while also enabling risk-minimized, decentralized, and optimally encrypted OTC trading.
The goal is to achieve full decentralization, but given the available resources, the journey has to be undertaken step-by-step. Starting off with the Poolz server acting as a bridge between different blockchains, the cross-chain implementation will occur in phases and finally replace the pseudo-centralized bridge with a fully-decentralized, shared consensus mechanism. In other words, Poolz’s cross-chain integration shall proceed from a bridge-based model to a parachain-based model. https://poolz.medium.com/cross-chain-integration-poolzdefis-solution-for-interoperable-blockchain-ecosystems-5ab05b6a5154
Adopting Agile and DevOps practices, in combination with cryptographic security, Poolz uses continuous feedback from on-chain data. This enables progressive implementation of UI upgrades, thus ensuring an optimally seamless user experience.
The Poolz code architecture is clean, modular, and decluttered. Following a minimalistic approach to code development, the platform ensures resource-optimization, such that only the essential data is anchored on the blockchain and in the best-suited format. Together, the practices ensure perfectly balance and minimal gas fee for transactions on the Poolz platform.
As per the latest tests, the cumulative gas used for transactions was 284322, costing a gas fee of $23 (given, ETH = $350).
Basically, the NFT functionality is an extension of the platform—a new “tab” on the UI, so to say. Poolz (POZ) token holders enjoy exclusive benefits for NFT auctions as well.
During the MVP phase of the Poolz platform, project owners can accept payments for their NFTs in ETH and DAI. In the future, the platform’s cross-chain integrations will enable the compatibility for other blockchain ecosystems and their native cryptocurrencies or stablecoins.
Enable scheduling token transactions for a later date and time. With Locked Deal, users will be able to execute time-locked transactions for any ERC-20 token. One may use Locked Deal to Keep their tokens locked in a vault till a specified time. Send tokens to someone who may only transact after the lock-in period ends.