JasmyCoin

JasmyCoin is a decentralized cryptocurrency, started in 2016 by former Sony executives. Compatible with the Ethereum network, JASMY, is an ERC-20 token which is designed to be a utility token within the Jasmy ecosystem. You can use JASMY to trade and stake digital currencies, as well as participate in the Ethereum network. JasmyCoin’s ecosystem is powered by technology called smart contracts.

A smart contract is a digital agreement written in computer code that lives on JasmyCoin's blockchain. It automatically does something when certain conditions are met. For example, if you send me 1 JASMY, the smart contract instantly sends you a digital artwork that I created. No human needs to be there to make it work, the smart contract follows the rules it was programmed with.

The Ethereum blockchain network that the JASMY token primarily operates on is a huge, secure, evergrowing ledger of smart contract transactions, which everyone can see, and is immutable. Once a traditional smart contract is created, it can't be altered. These types of smart contracts will always follow the original rules that they were programmed with. Upgradable smart contracts allow for changes to be made, adapting to new requirements, or fixing bugs.

JasmyCoin's primary purpose is to empower users by giving them control over their personal data while facilitating secure transactions within the Jasmy platform, a data management and security ecosystem built on blockchain and IoT technology. It's used as a utility token to facilitate data exchange and storage and as a medium of exchange and reward fir users participating in the Jasmy data marketplace, where users monetize their data in a security and privacy friendly manner. This is accomplished via Jasmy's innovative technology called Personal Data Locker (PDL).