Internet of Coins
A decentralized, self-sustaining economy by implementing inter-blockchain and inter-ledger connectivity
Internet of Coins is an environment for personal finance. As a decentralized platform it enables an optimally inclusive financial network, interlinking all digital forms of value. It allows you to trade digital assets and currencies peer to peer, with an easy to use interface and the opportunity to earn fees by participating as an allocator. In the past two years, the groundwork for this system has been implemented by a team that dedicates their time to the creation of an innovative open source financial networking agent called hybridd, that directly links crypto-ledgers together. Existing wallets need no changes or adaptations to allow their blockchains and value systems to be hooked into this autonomous decentralized network.
The present cryptocurrency industry is fragmented and potentially at risk of becoming financially and politically centralized. Like ourselves, many blockchain enthusiasts would not want this to happen. Many financial actors want to reap rewards by doing business in the cryptocurrency scene. We support this and believe this to be an inevitable development, yet we are also convinced that this must not pose a negative influence on the fundamental freedom of users and developers of cryptocurrencies. Bullhorn Bitcoin walletWe want to enable the free and unlimited exchange of value among crypto-ledger based systems and other financial systems.
Their vision for the Internet of Coins is an inclusive autonomous network, enabling anyone to participate and build alternative financial instruments and markets, featuring equality in participation, representation and influence. Where peer-to-peer cooperation is rewarded and encouraged by way of incentives through open standards, aiming for inter-systemic equilibrium and freedom. We believe that building yet another system-to-rule-them-all does not represent a way forward. Instead, in our opinion, the best way to ensure freedom and justice for all is to integrate existing and future crypto-technologies into an independent, open and autonomous ecosystem. That is why we designed Internet of Coins to support all cryptocurrencies.
They have developed an interconnectivity platform with a node-to-node system called hybridd. It forms a web, featuring the ability to connect value systems and synchronize ingoing and outgoing data flows by way of a scalable data chain; an innovation that we call the weavechain. The entire system is modularized. Their ultimate goal is to let every cryptocurrency autonomously become part of a massive swarm of decentralized global financial interaction. We aim to do this by enabling any actor in the network to establish value tokens, known as hybrid assets, that interconnect value systems and blockchains across markets. We strive to allow every cryptocurrency to autonomously interconnect in a large swarm of decentralized economic activity, by using a weavechain. The programming code to make this possible will be open source, available on a not-for-profit basis and freely accessible to all, in order to enable the impartial establishment of what we call the Internet of Coins.