Unit ID
OZg9ztRBT1ph9PvoXvYOy6TbF69KFY7P+hl0iQt3lLk=
Received
14.10.2024 07:51:30
Confirmation delay (full node)
8 minutes 58 seconds
Confirmation delay (light node)
10 minutes 54 seconds
Messages
Text
# 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/).
Technical information
Fees:
4,695 bytes
(451 headers, 4244 payload)
Level:11301479
Witnessed level:11301464
Main chain index:10912598
Latest included mc index:10912596
Status:stable/confirmed/final