By Gardalkis - 17.04.2020
As part of its plans to make Africa a more integrated continent, leaders of the Economic Community of West African States (ECOWAS) have. In , the region is set to get a long-discussed new currency: the Eco. Many Africans are pleased — but there is a lot of work ahead, say.
Twitter How can we design ecocoin africa cryptocurrency for the better of humanity and ecology? In this last chapter of the crypto deep dive serieswe will dissect two kinds of blockchain cryptocurrencies that are currently making waves on https://tovar-id.ru/btc/como-comprar-e-vender-btc.html internet and beyond.
Ecocoin africa, we ecocoin africa the ecocoin africa of the ECO Coin framework that intends to bring humans a democratic system - with ecocoin africa trees - into this sustainable, communal cryptocurrency.
Blockchain technology has only been around for ten years. It was only in when Satoshi Nakamoto released ecocoin africa Bitcoin white paper.
To put it in perspective: this means that cryptocurrency technology is about as old as the first iPhone. However, in these ten years Ecocoin africa, Ethereum and ecocoin africa cryptocurrency technologies have continue reading changed the way in which we look at money.
Traditional money is always bound to either national or supranational organs that have a rigidly structured political and legal framework. However, in the blockchain world, these legal and political frameworks are way less elaborate or sometimes even non-existent.What is the New ECO Currency?? How will it Affect Africa?
The sheer possibility of having money that is ecocoin africa, ungovernable btc segwit ecocoin africa segwit often not taxable is a seismic shift in terms of monetary development.
All of that has happened in the course ecocoin africa ten years. A promising start, leaving us wondering: what may be coming in the future?
That blockchain system is simply not built yet, but Ecocoin africa coin is making steps towards building it. Luckily for ECO coin, we are not the only ones to pursue sustainable blockchain technology. We have peers and potential partners that we can learn from.
Ecocoin africa that are developing their own platform s in the same, bottom-up way that ECO coin ecocoin africa trying to do.
Ecocoin africa this final story in the crypto-deep dive series, we will explore two examples of currencies that the ECO-coin is drawing inspiration from, and we explore the framework of the soon to be used ECO coin.
Tokens: a ecocoin africa representation of human data Besides cryptocurrency money there are also cryptographic tokens. In this world, a world ecocoin africa is not focused on big-money and system-wide revolution, there are many interesting things happening that ECO coin can learn from.
Cryptographic tokens are a form of digital payment currency that can resemble any real-world asset and anything that generates more data or money on behalf of the token holder.
Interest or dividends earned can ecocoin africa tokenized and subsequently shared as well.
The person holding the tokens will automatically receive all interests and dividends connected to it. So how ecocoin africa these tokens work on the practical level? The word nest egg has the connotation of ecocoin africa sum of money that is saved for the future.
In essence, NestEgg is a platform that aims to build sustainable energy infrastructure without direct more info ecocoin africa pro setup from governments ecocoin africa real estate investors.
Users ecocoin africa money into the platform, which NestEgg ecocoin africa to build infrastructure like for example a windmill and in return, users get a cryptographic token which is their proof of having invested into the infrastructure. Users can claim through the NestEgg platform after btc ecocoin africa bittrex infrastructure project is built.
NestEgg, in essence, is a way to democratise pension investment. When young people invest into it now, they here a way of saving up for their own retirement, fully outside of traditional pension funds.
We should be looking to integrate these tokens for things that are not articulated within our current, dominant economic framework of fiat money.
The most applicable articulation of this research, is of course, ecological value. ECO coin was majorly inspired by this approach of using digital currencies for investing into your own pension read: the far future. In a way, https://tovar-id.ru/btc/btc-to-hit-100k.html can compare an ecocoin africa into the ECO coin platform as an investment into the future.
People will also begin believing in the future again, where we can live together with both our ecosphere and technosphere in a great symbiosis. Money: better when spent Another inspiring example, this time in the category of money, is the FreiCoin project.
So why is that a good and ecocoin africa thing?
The project ecocoin africa the concept of a demurrage fee, which in the ecocoin africa of physical money was a kind of service fee that you would pay to the banker stores and safeguards your gold.
A service fee, if you will.
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In the FreiCoin project, however, demurrage fees are actively implemented to make it less attractive to hold an amount of FreiCoin for a ecocoin africa period of time, and more attractive to spend your money. As such, currencies that decay in ecocoin africa currencies with a very high deflation rate have the possibility of leveling out the economic field when they are adopted on a ecocoin africa scale.
Those investments ecocoin africa benefit everyone in that link, instead of just the capital holders.
These are the kinds of solutions that are ecocoin africa to ecocoin africa at in the span of a years. Therefore the ECO coin has chosen to ecocoin africa this structural incentive of a demurrage fee to incentivize users to spend source coins at partners as quickly as possible instead of doing the hodl that many crypto investors do.
The future of the ECO Coin
Making this technology it ecocoin africa more rooted in nature: the value of ECOs represent the decaying value of trees, since trees mature and die over time, ecocoin africa. The framework of the ecocoin So how are we going to use cryptocurrency technology for ecocoin africa better of humanity?
The eco coin will be an investment in humanities future, generating ecological dividends over time. Within the framework of the ECO coin, which will be alive within the blockchain go here of the years to come, we also aim to ecocoin africa change the root of blockchain technology btc top shop include humans into the equation, as well as ethics.
They literally keep the blockchain afloat by verifying that sustainable actions took place, introducing and training new ECO inspectors and managing the escrowed trees by confirming that these trees are still standing at the given location.
In addition, giving ecocoin africa task to humans, instead of to computer power, may prove to make this currency less energy intensive. Moreover, ecocoin africa and self-regulation are a big problem in current blockchain networks as well as a big question for regulating bodies.
The ECO coin is making people work towards the same collective goal of doing more sustainable actions and treating the planet well.
Claiming your business Listing
The regulating body, the ECO coin team, can only point in the direction of a solution, but it is building systems that outsource decisionmaking on the environmental questions and uncertainties towards its community of users. A Decentralised Autonomous Charity, a digital agora.
We are working on the voting system as we speak and users will be ecocoin africa to vote ecocoin africa the app ecocoin africa easily.
All together, eco coin team, the eco inspectors, and the voting community will work towards a system where ECO ecocoin africa can only be spent on sustainable products, thereby changing our consumption habits.
Therefore, a thorough dive into into ecocoin africa supply chain and production methods of the companies ecocoin africa want to partner ecocoin africa order to verify that they are, indeed, selling good, sustainable produce ecocoin africa should be exchangeable for ECO coins.
Because the blockchain will be public and vendors are identified, funding bad ideas using ECO coins will be nearly impossible to do. And this is also strongly de-incentivised by the network as a 1 dash berapa btc, ecocoin africa ECO coins can only be spent at certified vendors.
Nature is to be hard-wired ecocoin africa our technology On top of that, any ECO coin is not just a superficial number on a blockchain, but it stands for an actual, living tree somewhere in the world.WHAT IF WEST AFRICA OR ECOWAS WAS A COUNTRY?
As such, the network is literally pegged ecocoin africa real-world trees, who back this new cryptocurrency with something that has tangible value.
The Ecocoin africa coin trees ecocoin africa the physical representations of the digital network. With the ECO coin, a part of our ecology trees will be hard-wired into the technological world of the future.
That is ecocoin africa to Nature, pur sang. This was the last story of the crypto deep dive seriesin which we immersed ourselves into the crypto world to explore the ecocoin africa for the ECO coin.
Want to learn more? Visit the ECO Coin websitewhere we will soon publish the technical paper.
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