Olympic Whitepaper

Today cryptocurrencies have become a global phenomenon known to
most people. It is going to grow in use and acceptance as it matures.
Cryptocurrency is a medium of exchange, created and stored electronically in
the blockchain, using encryption techniques to control the creation of monetary
units and to verify the transfer of funds. Bitcoin is the best known example. The
blockchain is a public ledger that records bitcoin transactions. Bitcoin and
blockchain phenomenon and its power for innovation are inevitable.
“Bitcoin is a remarkable cryptographic achievement… The ability to create
something which is not duplicable in the digital world has enormous
value…Lot’s of people will build businesses on top of that.”
Eric Schmidt, Executive Chairman of Google
The blockchain is an undeniably ingenious invention – by allowing digital
information to be distributed but not copied, it has created the backbone of a
new type of internet. Blockchain technology is making the biggest revolution in
the financial industry probably in the last hundreds of years. Blockchain is a
global distributed ledger running on millions of devices where anything of value
can be moved, stored and managed securely and privately. Using blockchain
technology, participants can confirm transactions without a need for a central
clearing authority.
“The blockchain is an incorruptible digital ledger of economic transactions that
can be programmed to record not just financial transactions but virtually
everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)

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