Oil backed virtual-currencies for a brave new world

Rohas Nagpal
Apr 19, 2017 · 4 min read

1. Background

Money’s a matter of functions four, a Medium, a Measure, a Standard, a Store.

2. Digital money

Fiat currency has legal tender status in at least one country while a virtual currency is not recognized as legal tender by any country.

3. Introducing Oil-COIN

4. Conclusion

Blockchain Blog

Everything you need to know about blockchain technology

Rohas Nagpal

Written by

Retired hacker, blockchain architect, Tintinologist.

Blockchain Blog

Everything you need to know about blockchain technology