Infinity Economics Platform as a New Era After Capitalism
Infinity Economics Platform features and base philosophy provide a break to capitalism. How can this be accomplished? By staying truly decentralized and anonymous by default.
Cryptocurrencies utilize blockchains, a distributed database that creates a digital ledger of transactions. The ledger is shared among a vast network of computers while advanced cryptography keeps it secure, private, and decentralized allowing each participant to interact with the ledger in a secure way without the need for a central authority. A growing list of records (blocks) are maintained, time stamped and are a link to the previous block.
Infinity Economics Platform is a decentralized crypto ledger platform. It has merged several integration changes, client side features and middleware system arrangements to form the basis for software solutions applicable for financial markets today and into the future. DApps (Decentralized applications) can be built without learning a new programming language to encourage further development and creation of features to continually enhance the IE blockchain. Transactions are stored in a system that cannot be diluted by politics, over-supply or altered in any way by third parties. Code and algorithms keep everything in check. Its ideology is a belief in a flexible decentralized, value exchange system in which everyone can gain access to the cryptocurrency market.
The Infinity Economics Platform is based on 100 percent proof-of-stake (PoS) from proven open source projects written in Java. Unlike other digital currencies, its PoS algorithm does not depend on an implementation of the “coin age” concept that is used by others which makes it resistant to “nothing at stake” attack/hacks.
Nine billion available tokens (XINs) were distributed in the genesis block. Balance of security and the required processing power is created through Curve25519 cryptography with the more commonly used SHA256 hashing algorithms. Since a full token supply already exists, IE is redistributed through the inclusion of transaction fees awarded to an account when it successfully creates a block. This process is known as “forging”. New tokens are not generated as a result of block creation. Redistribution of IE takes place as a result of generators receiving transaction fees. So the term, “forging” defined here to create a relationship or new conditions is used rather than “mining.”
Blocks are generated every 60 seconds by unlocked accounts on network nodes. A transaction is considered safe after 10 block confirmations. Subsequent blocks are created based on verifiable, unique, and almost unpredictable information from the preceding block. They are linked by virtue of these connections building the chain of blocks and can be traced to the genesis block.
IE’s decentralized blockchains provide the means for the expansion of applications and services, but is not authoritative about what the services should be or how they should be built. All new technologies are welcome in this digital economy.
Most IE services are based on enhanced core implementation of proxies and gateways while facilitating relevant community services like encrypted messaging/chat or external news services. Other features include: alias system, a built-in decentralized Asset.
Exchange for market and ideological trades, Escrow service, Subscriptions, Shuffling, Automated Transactions, Account Control, Extensions, and a Voting system that guarantees anonymity and security without being tallied by a central organization. IE is devised to operate as a 100 percent community-driven project (E-Governance). Decisions on all platform related matters are in the hands of all community members based on their voting power. With this provided features Infinity Economics paves the way for a new digital economy.