Economics and Finance

   

Sphere - A Decentralized Economy-Based Electronic Currency

Authors: Egger Mielberg

. A decentralization of electronic currency would allow business activity and development of a single network to be independent of other different business networks. Cost of a decentralized currency of the network can become stable as long as participants of that network are still active. We propose a solution for such a big problem of traditional economy as a “direct dependency of local prices on global ones”. We also propose an innovative mechanism that allows participants of NCN to get any service of one business network for money (hours) earned in other network (‘s). The currency is implemented by usage of two innovative technologies, “Proof of Participation protocol” (PoP) [3] and “Smart Transactions” [2].

Comments: 15 Pages.

Download: PDF

Submission history

[v1] 2019-04-03 10:57:17

Unique-IP document downloads: 12 times

Vixra.org is a pre-print repository rather than a journal. Articles hosted may not yet have been verified by peer-review and should be treated as preliminary. In particular, anything that appears to include financial or legal advice or proposed medical treatments should be treated with due caution. Vixra.org will not be responsible for any consequences of actions that result from any form of use of any documents on this website.

Add your own feedback and questions here:
You are equally welcome to be positive or negative about any paper but please be polite. If you are being critical you must mention at least one specific error, otherwise your comment will be deleted as unhelpful.

comments powered by Disqus