2local’s own blockchain becomes a high-quality fork of Ethereum, adjusted for 2local needs. As a Consensus Algorithm, a dedicated Proof of Stack (dPoS) is used to guarantee fast, low-cost transactions.
The amount of the fee will be 0.5% and is used by the 2local platform for the cashback system and operations. 2local launches a Decentralized Exchange (similar to UniSwap) on top of its own blockchain.
This blockchain enables verification without relying on third parties. The blockchain ledger is distributed to each node, which are the participants. The transactions are stored in the blocks of multiple devices participating in the chain, resulting in a decentralized 2local solution.
The transactions that take place are transparent and can be traced back to the place of origin. On top of the blockchain, a smart contract is created, fully ERC-721 compatible, so that other projects can also build their own token on it.
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