Decentralized systems or blockchain do not allow the creation and replacement of information without it being noticed by other participants in the system. This will make the Open Money system stable and independent of a single control center.
A brief summary of the points
The main idea of my proposal is to create a system of electronic contracts (smart contracts) and start using this system for the place of ordinary money and other familiar documents along with their legal status. The open money system organizes its own system of law, which >>
Business use of Open Money
For most users, the OM system will be a simple and convenient analogue of money or a familiar bank account in the application on the phone, to which money will be credited and debited from users like you. In the event that you work and receive a >>
Difference from other similar projects
At the moment, the open money project is not the only project of its kind that involves the creation of their own money, settlement systems, or even something like a digital state. Each such project has its own advantages. Others focus on a particular country, economic system, >>
Features of the system functionality
Decentralization A decentralized database based on blockchain technology makes it impossible to fake and centrally manage the system. This means that the system cannot be unilaterally controlled unless that control is approved by a certain majority. This majority always has the opportunity to change its decision on >>
Main types of interactions between users
In the system, several main forms of interactions between users can be distinguished, these are the creation and management of money, contracts and certificates. A contract implies the agreement of two persons to the conditions in them, with the subsequent fulfillment of these conditions. A certificate is >>
The main essence of the Open Money (OM) system
Next, I will try to explain the main points of the OM system as briefly as possible. By part of the system The essence of the open money (OM) system is its own open electronic money and electronic public contracts that allow you to establish economic >>
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