silently and slowly but surely
Little update,
We changed our course over the months a few time, programmed the master nodes, saw it was inadequate and provided no complex advantages or additions to the world. It was no other than a copy like all other 'shitcoins' that go no where. Now we are going to avoid the _inability_ to roll back if they were to be released, we are going to release something new to the crypto macrocosm. Something that doesn't yet exist. In my opinion we are lucky to know about Commercium as of right now, in this pre launch stage. In the not so distant future people will launch IPO on CommerciumX and invest funds from therein towards many of the financial instruments offered.
A dash based master node system simply has nothing to offer, Im glad its out of the picture.
I mean you want to buy a master node on a coin which does nothing? provides nothing? I mean where would the value come? in other people buying the master node for no reason like every other shitcoin until it raises up to 1$ and then back down to cents?
With CommerciumX, we will see smart contracts running investments into businesses with the ability to forward those funds into financial instruments. What if you could invest into a business which could use the funds which investors invested to raise more capital for proper financial support to that business.
Things that do not exist in the world.
Xyz Company will earn what we currently call 'interest' from investors funds. Now days, its impossible to earn interest off a loan. They are charging you interest. We will have the ability to soften debts and have fee-less remittances.
Instead of a company generating revenue from charging fees, it will be gaining revenue from the value of the token. Commercium will gain value and in the value gained, the revenue is made, its a new model from the current revenue models calling for high fees.
CommerciumX has the full Ethereum virtual machine. It allows for execution of all code which is currently supported by the Ethereum blockchain, with the ability to update and expand in the future. There is one major folly, one major let down, fall back with smart contracts and Ethereum.
All those registry stores, registries of debt, products, services, or registries of data, human, life, science, everything we want to be on the blockchain and immutable.. We cannot with Ethereum, for a simple reason. It costs too much to be effective. The gas price of ethereum is just too much. To run a real world application of a smart contract on ethereum would cost too much. We are talking 20$ for a single lookup, when we must lookup 20,000 times a day. This is forcing corporations to look into their own custom blockchains instead of using Ethereum.
With CommerciumX, you will be able to run the registry, store data, pay and move funds in accordance with instruction, with very low gas prices. One them CommerciumX has is, low or no fee.
We will capture those corporations and business which do not have the ability to have an in house blockchain.
Those fees only go towards who? The people invested in the financial instruments ran on the Commercium blockchains.
We hope to serve certificates of proof of life and of death. To allow for decentralization and the inability to defraud. Immutable, with public data viewable by all at anytime. To store private data, with the best encryption available, and make it simple, automatic, just as it should be.
-Anthony
August 23, 2018
Status can be seen on the CommerciumX Github Todo list.
https://github.com/CommerciumBlockchain/CommerciumXDiscord is at
https://discord.gg/rpV5tVf
