And there is more coming ! They Plagiarized the whole whitepaper too! There Whitepaper
unity.money https://unity.money/assets/files/white-paper.pdfAnd the original Article from
researchgate.net https://www.researchgate.net/publication/327174091_Democratic_Cryptocurrency_or_The_Banks_Strike_Backhttps://unity.money/assets/files/white-paper.pdfDemocratic Cryptocurrency UnityCryptocurrencies came to the world in the recent decade and attempted to put a new orderwhere the financial system is not governed by a centralized entity, and where you have a completecontrol over your account without the need to trust strangers (governments and banks above all). Inthis paper an innovative approach for cryptocurrency is introduced. This approach is based on whatwe are already used to -banking and democracy. Our banks, just like normal banks, keep their clients'money, and perform their clients' requests. However, your bank cannot do anything in your accountwithout your permission, because of the cryptographic scheme, and its entire operation is transparent soyou don't have to trust it blindly. The democracy means that every operation performed by the banks(e.g., committing a client transaction) is accepted by majority of the coin holders, in a similar mannerto representative democracy, where the banks are the representatives, and where eachclient implicitlydelegates his voting power (the sum of money in his account) to its bank. A client can switch banks atany moment, by simply applying a corresponding request to the new bank of his choice (with the costof paying commission). The presented approach employs the advantages of centralization while stillproviding a complete trustless and decentralized system. By employing concepts from everyday life andattaining high throughput and low latency for committing transactions, the hope is that this paper willput the foundations for a cryptocurrency that can be truly used as our daily basis coin.
https://www.researchgate.net/publication/327174091_Democratic_Cryptocurrency_or_The_Banks_Strike_BackCryptocurrencies came to the world in the recent decade and attempted to put a new order where the financial system is not governed by a centralized entity, and where you have a complete control over your account without the need to trust strangers (governments and banks above all). In this paper an innovative approach for cryptocurrency is introduced. This approach is based on what we are already used to -- banking and democracy. Our banks, just like normal banks, keep their clients' money, and perform their clients' requests. However, your bank cannot do anything in your account without your permission, because of the cryptographic scheme, and its entire operation is transparent so you don't have to trust it blindly. The democracy means that every operation performed by the banks (e.g., committing a client transaction) is accepted by majority of the coin holders, in a similar manner to representative democracy, where the banks are the representatives, and where each client implicitly delegates his voting power (the sum of money in his account) to its bank. A client can switch banks at any moment, by simply applying a corresponding request to the new bank of his choice (with the cost of paying commission). The presented approach employs the advantages of centralization while still providing a complete trustless and decentralized system. By employing concepts from everyday life and attaining high throughput and low latency for committing transactions, the hope is that this paper will put the foundations for a cryptocurrency that can be truly used as our daily basis coin.
https://unity.money/assets/files/white-paper.pdfCryptocurrency became globally known in recent years, especially by the emerge of Bitcoin. Although it is the main first decentralized coin, and despite its glorious success (for the moment), Bitcoin has many known. Among its flaws are the time it takes a transaction to be accepted, its limited transactions throughput, and finally, the great energy consumption involved in keeping it alive.There are numerous works and other cryptocoins that are trying to fix these flaws. Especially, there are strong environmental and economical reasons to alleviate its energy consumption that follows from its innovative mechanism for solving the "Consensus in the Permissionless Model" problem. This problem is one of the main challenges that cryptocurrencies deal with, and it originates from the distributed nature of the cryptocurrency.
https://www.researchgate.net/publication/327174091_Democratic_Cryptocurrency_or_The_Banks_Strike_BackCryptocurrency has become globally known in recent years, especially by the emergence of Bitcoin [8]. Although it is the first decentralized coin, and despite its glorious success (for the moment), Bitcoin has many known flaws. Among its flaws are the time it takes a transaction to be accepted [5], its limited transactions throughput [10], and finally, the great energy consumption involved in keeping it alive [6].There are numerous works and other cryptocoins that are trying to fix these flaws. Especially, there are strong environmental and economical reasons to alleviate its energy consumption that follows from its innovative mechanism for solving the “Consensus in the Permissionless Model” problem [9]. This problem is one of the main challenges that cryptocurrencies deal with, and it originates from the distributed nature of the cryptocurrency
