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Daollar Foundation has recently announced its intention to build a Daollar Crypto-Asset Circulation Network (referred to as Daollar). The announcement marked an important milestone for the Daollar Foundation and its blockchain-driven product family, reflecting a growing movement towards decentralized community-driven networks and the facilitation of crypto-asset exchange worldwide.The Daollar Circulation Chain (a public distributed ledger initialized by Daollar) will open its source code and allow its middleware to be freely deployed by other nodes to quickly expand the network. Daollar Foundation also incorporated its existing blockchain-driven technologies into the network including token trading technology, tokenization infrastructure, token retail solution and financial instruments for crypto space. Daollar seeks to continuously incorporate important partnerships from outside crypto space, specifically from the retail industry and financial sector.
A community-driven election will be held to select significant members to be KeyNodes. The trademarked term ‘KeyNode’ is different from the ‘super node’- a term coined by EOS. A ‘super node’ in EOS refers to those nodes that collect transaction information and pack it into blocks. The KeyNodes of the Daollar network are more than public ledger block producers. A KeyNode in itself is a self-contained close-loop of the token circulation ecosystem. A KeyNode can be a centralized crypto-asset exchange marketplace, a decentralized trading protocol, or tokenization infrastructure. Be it a centralized or decentralized system, these KeyNodes connect other nodes with tokens flowing along linking pipes, forming the backbone of the Daollar crypto-asset circulation network.
Daollar is not a cryptocurrency, nor a distributed public ledger. Daollar is a global crypto-asset circulation network which connects asset owners and investors around the world, allowing the unrestricted flow of tokenized assets. In this decentralized network of crypto-asset circulation, any business, organization or individual can convert real world assets into tokens. Various forms of tokens may then be exchanged in marketplaces dedicated to certain types of tokenized assets. Users also have the option of using tokens to pay in real life scenarios.
The vision for the Dollar network is a community-autonomous network in which members have the power. Represented by tokens, members can exercise their right to vote, to take part in profit-sharing, to perform obligations, and more. Such a self-sustaining mechanism guarantees the success of the network and makes it independent of any single nodes’ failure. Daollar’s mission is simple: facilitating crypto liquidity, let the world flow!
Daollar is a distributed, community-autonomous network, yet its global expansion requires strong leadership and well-organized development efforts. In order to grow efficiently while maintaining autonomous governance, Daollar will set up three entities: Congress (consists of all KeyNodes), Executive Committee and Technology Council. An interim executive committee will soon be formed with members of economists, cryptographers, lawyers, former regulators and so forth.
Contact Info:
Name: Anna
Email: Send Email
Organization: Daollar
Website: http://www.daollar.io
Release ID: 408334
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