The Blockchain’s First Ever Single Currency
By Daniel Mark Harrison on ALTCOIN MAGAZINE
Getting Beyond Showing Us The Money
You are looking at the first single currency of the Blockchain, composed of four digital notes, a Synthetic Masternode, a token, and a coin folded into a single unit of currency in the form of what we call a meta-token. Meta-tokens are distinct from tokens mainly for the ability to represent multiple utilities at once and to conform vastly separate supply ratios into one cogent expression of spendable utility.
In this instance, we have combined the activities of POW/POS hybrid blockchain development, cryptocurrency trading, airdrops, synthetic utility (think: dAPPs), ICOs and crypto mining into one single unit of value.
This is a quick diagram that is being pre-released for fun, so this post is not going to carry the extensive detail of how all these vastly separate utilities are represented as a whole, but suffice it to present them in a way that is organised and efficient and most of all, cyclical. Specifically you will notice that every action and reaction of every different token within the single-currency system creates multiple input/output reactions which in turn feed into the next layer of the coin’s value-utility cycle.
My main aim with showing this to you is merely to illustrate how little of Blockchain we actually use. All the tech (some 40,000+ lines of code; go here and here) for this is fully-complete and yet more blockchain developments are about to begin in earnest as a result of it coming into being.
If we want to progress the state of Blockchain, we need to stop thinking in overly-simplistic pump-and-dump, build-and-play, buy-and-hold mindsets and instead, further afield in these more dynamic expressions of value-utility representation. Hopefully, one gets a glimpse of how this is indeed possible here.
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