About Latinum
At a high level, Latinum is a cryptocurrency & blockchain based ecosystem of technologies designed to track ownership, store value, protect privacy, avoid censorship and provide an alternative payment method; while remaining transparent and fairly governed.
Latinum was initially conceptualized as a competition to current digital forms of monetary value storage & transfer, however, during a prolonged process of industry evaluation, it became clear that what the crypto industry lacked was an asset with hybrid monetary properties. An asset that serves the purposes of Cash & of Gold. Something that can be spent easily & stored easily. Something that would provide equal economic opportunity today & in a decades' time.
This was the birth of the LAT network and coin. Just as time serves as the unit of account in the progression of biologic life, the LAT token serves as the unit of account within the Latinum ecosystem. Any participation within the system demands expenditure in the LAT coin. Moreover, the token’s economic model is built upon the deflationary monetary principles of Austrian economics. The concrete supply side does not fluctuate from dynamic demand, rather its predictive supply side machinations act as a hedge against legacy inflationary systems.
Latinum Features
SecurityBuilt on the proven cryptographic primitive of Bitcoin; Latinum provides standard transactional security and settlement guarantees.
Sound MoneyPortability, divisibility, accountancy, borderlessness, fungibility, value preservation, economic decoupling, inflation resistance. Latinum is an anti fragile asset composed of established monetary principles.
TransparencyAccountability, visibility, and verification are at Ledger. All activity that happens on-chain: the core of the Latinum Distributed stays on-chain.
Distributed OwnershipAll trading and interactions on the Latinum blockchain happen directly on-chain. No involvement of 3rd parties, pure P2P.
PseudonymousParticipation does not incur the loss of privacy, accounts are defined by address not identity.
SustainabilityLatinum is looking forward to reduce the carbon footprint that is associated With the energy intensive demands of Proof-of-Work mining.
Latinum Core
Latinum Core is a software in the form of a distributed value network built on the same cryptographic primitives that hold hundreds of billions of dollars in Bitcoin value secure. The Latinum Core code repository will be openly available for inspection and developer involvement on GitHub. As stated earlier on, initially only trusted entities (specified by the Latinum Core Development LLC. team) will be able to join in order to participate. As the amount of contributors grows the code will become more easily accessible for the broader public; until the Latinum Core team is almost entirely pushed out and replaced by the community.
The constituent software technologies of the Latinum Project can be definedthrough the following 3 fundamental elements:
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Ledger (Distribution)✔︎
Token (Economic)✔︎
Security (Governance & Consensus)✔︎
Ledger (Distribution)The Latinum Ledger can be interpreted as a Public Bulletin Board. This bulletin board records absolutely any and all on-chain interactions with the Latinum network; this includes transactions, HTLC's (Multi-Party Wallets &Send Layer solutions), wallet address "type" registry, bounty activity, among other things. As in the case with Bitcoin & other alternative digital asset projects, the ledger is the mechanition acting as the "source of truth".Moreover, a ledger acts as a neutral, trusted, unbiased, autonomous third party.
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Token (Economic)The Latinum network comes with its own native token, the LAT token. The LAT token is implemented as a tool for the transference of value between two parties on the network.
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Security (Governance & Consensus)The Latinum network implements the highest level of encryption to all of its according activity by utilizing the core mathematical prerogatives that secure government level material as well as current international computational standards.
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