Unit Legend
- not on main chain, not stable
- main chain, not stable
- bad unit
- not on main chain, stable/confirmed/final
- main chain, stable/confirmed/final
- not on main chain, selected
- main chain, selected
# Whitepaper for the @ Cryptocurrency ## Abstract The @ cryptocurrency, represented by the symbol "@", is an innovative digital asset designed to facilitate seamless transactions across the globe. With a total supply of 7,858,615,471 @ coins, each coin symbolizes a connection to the diverse assets and individuals that make up our global community. This whitepaper outlines the vision, technology, and economic model of the @ cryptocurrency, emphasizing its role as a payment solution within the Obyte ecosystem. ## Introduction In an era where digital transactions are becoming the norm, the need for a decentralized, efficient, and user-friendly payment system is paramount. The @ cryptocurrency aims to fulfill this need by leveraging the Obyte platform, allowing users to transact with minimal fees and maximum security. The concept of the @ coin is rooted in the idea of inclusivity, representing the approximate number of people living on Earth at the time of its issuance. ## Vision The vision of the @ cryptocurrency is to create a global payment system that is: 1. **Decentralized**: Empowering users to transact without intermediaries. 2. **Inclusive**: Connecting individuals and assets worldwide. 3. **Open Source**: Encouraging community participation and innovation. ## Technical Overview ### Blockchain Technology The @ cryptocurrency operates on the Obyte blockchain, which utilizes a Directed Acyclic Graph (DAG) structure. This allows for high scalability and fast transaction speeds. The key features of the Obyte platform include: - **No Transaction Fees**: Users pay fees in bytes, the native currency of the Obyte wallet, ensuring low-cost transactions. - **Smart Contracts**: Enabling programmable transactions and automated agreements. ### Algorithmic Framework The issuance and management of @ coins are governed by a set of algorithms designed to ensure stability and security. The following mathematical models are employed: 1. **Supply and Demand Model**: $$P = \frac{D}{S}$$ Where: - $ P $ = Price of @ coin - $ D $ = Demand for @ coins - $ S $ = Supply of @ coins (7,858,615,471) 2. **Transaction Fee Calculation**: $$F = T \times R$$ Where: - $ F $ = Transaction fee in bytes - $ T $ = Total transaction amount in @ coins - $ R $ = Rate of transaction fee (a fixed percentage) 3. **Community Growth Model**: $$G(t) = G_0 \times e^{rt}$$ Where: - $ G(t) $ = Growth of the @byte community at time $ t $ - $ G_0 $ = Initial size of the community - $ r $ = Growth rate - $ e $ = Euler's number (approximately 2.71828) ## Economic Model The economic model of the @ cryptocurrency is designed to incentivize participation and foster a thriving ecosystem. Key components include: - **Mining and Staking**: Users can earn @ coins through mining and staking activities, contributing to network security and transaction validation. - **Community Rewards**: A portion of transaction fees is allocated to community development projects, encouraging innovation and collaboration. ## Use Cases The @ cryptocurrency can be utilized in various scenarios, including: 1. **Peer-to-Peer Payments**: Enabling users to send and receive payments instantly and securely. 2. **E-commerce Transactions**: Facilitating online purchases with minimal fees. 3. **Remittances**: Providing a cost-effective solution for cross-border money transfers. ## Conclusion The @ cryptocurrency represents a significant step towards a decentralized and inclusive financial future. By harnessing the power of the Obyte platform and the collective efforts of the @byte community, we aim to create a robust payment system that benefits individuals and businesses alike. Join us in imagining the future of the @ cryptocurrency and be part of this transformative journey. For more information, visit [atbyte.org](https://atbyte.org/).