1 / 9

A peer to peer money supply protocol

A peer to peer money supply protocol. What is Units ?. Cryptographic currency , Units (XUN) Real-time payments protocol (consensus model) Peer to peer money supply protocol

fred
Download Presentation

A peer to peer money supply protocol

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A peer to peer money supply protocol

  2. What is Units? • Cryptographiccurrency, Units (XUN) • Real-time payments protocol (consensus model) • Peer to peer money supply protocol Supports ‘IOUs’ foranything of value, like EUR, USD, gold or Bitcoin. Open source, free distribution. Native XUN currencyintended as a reserve currencynotneededforpayments.

  3. How Does UnitsWork? • Native currencyUnits (XUN)RAM memory bits • UnlikeBitcoin: double entry accounting. Allbalances in RAM. realtimepayments • UnlikeRipple, multiple concurrent networks.buildbridges Technology developedby Donovan Hide (nowhiredbyRipple Labs). Open source. Needsfundingtofinish, test andlaunch.

  4. Comparing Bitcoin to Central Banks

  5. USD Monetary Base 1984-2014 Inflation = con job!“Change YouCanBelieve In”

  6. BTC Supply 2009-2042 Inflation slows down over time, eventuallystops(deflation: accidentallosses)

  7. How Does Units Control Supply? • Democraticmechanism: votewithRAM. • More RAM  inflation. Less RAM  deflation. • Should create price stability in long term. Economies need real-time, peer to peer money supply (“smart”), not fixed algorithms (“dumb”), not arbitrary policy (“con job”).

  8. The Units Solution

  9. Team! I amsourcing a team of 8-12 peopletolaunch Units. • Q4 2014: source team; launchcrowdfunding • Q1 2015: launch protocol alpha • Q2 2015: get VC funding Mathijs Koenraadthello@getunits.orghttp://getunits.org

More Related