Is there a coin specific White Paper I can read? Seems interesting.
Pablo.
The coin is based on cryptonote technology but geared towards blockchain decentralization and innovation.
Some of which are the Encrypted messaging and Blockchain deposits to begin with.
First of all, we picked cryptonote because we believe it's robust with it's ring signature anonymity and single address for all principle among others.
Imagine with a single key, you can log into a social networking platform that is privately controlled by this one key on the blockchain. Meaning no one has access to your personal/private data like it is stored in a database with the other social network/media sites.
Another drive towards this is to enable people recharge thier electricity meters away from home right on the blockchain using this same single key.
the main reason for this is because it's a real issue in africa and we intend to tackle it with blockchain technology.
The Controller and Acountant division of the Government of Ghana for instants takes more than a month to generate payroll for public servants/workers.
Imaging using blockchain to tackle this problem by harnessing proccesing capacity from miners and with a good mesage passing interface withing the blockchain, payroll is generated withing minutes, eradicating the need to wait for two or three months be fore paying workers. this is also one of the reasons we chose cryptonote as the building block.
For now, we are working grounds up. after the website is up, all resources including a wiki page will be put up to provide an insight on the project.
We have a target of about two years, and by then the reward for contributing hashrate will be a constant 5 BXC + transaction fee from innovative activity.
More info will be on website.
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