Cryptocurrency and smart contracts are changing the world economy. From a currency
perspective, what was previously impossible in most of the world – transferring money globally
in an instant – is now not only possible, it’s safe, fast, easy and almost frictionless.
Smart contracts are also rapidly changing the way business is done. A smart contract is a
computer protocol intended to digitally facilitate, verify, or enforce the negotiation or
performance of a contract. Smart contracts allow the performance of credible transactions
without third parties. These transactions are trackable and irreversible.
The potential uses of cryptocurrency and smart contracts via the blockchain are revolutionary
and have the potential to disrupt almost every industry and institution imaginable. But, there
are problems in making this vision a reality. The largest and most immediate problems are
blockchain in its current form is not scalable, lacks real decentralization, and is using absurd
amounts of energy that is not sustainable. We intend to fix those problems with immediacy!