Hello and welcome to this blog post about 8X8 PROTOCOL EXE White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the 8X8 PROTOCOL EXE white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the 8X8 PROTOCOL (EXE).
I can ensue you that, you will be able to understand every bits and pieces related to 8X8 PROTOCOL (EXE) after going through the 8X8 PROTOCOL EXE white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
8X8 PROTOCOL EXE White Paper
8X8 PROTOCOL EXE white paper will be going to provide you, all the information that is needed to get started with 8X8 PROTOCOL (EXE), including the inspiration for creating, the problem it is trying to solve and the solution proposed by 8X8 PROTOCOL EXE white paper.
Must Read: Facebook Meta – The Complete Guide to the Metaverse and How it Will Shape the Future of Virtual Reality
There already exist diverse blockchains in the market which are being utilized by a multitude of people and therefore are as good as the public property. Moreover, by way of the trials and errors in the meantime across the whole industry, it has been demonstrated that the core value of the blockchain lies in the development of the sustainable token economy to give rise to the business values rather than the technology itself.
Indeed, most of the varied blockchain projects which made a splendid début in the world under the claim to have implemented the perfect blockchain technology could not grasp the broader opportunities for being fettered by the perfect technological capabilities they so robustly believed in.
The purpose of 8X8 Protocol consists in the ‘realization of the value of decentralization’ lying underneath the blockchain technology on the basis of the stabilized economic foundation. Though its start was initiated by a specific agent (ISOFT PARTNERS N.V.), it is the future prospect envisaged by 8X8 Protocol to eventually delegate all of the relevant authorities to the holders of tokens in the end.
As the founder of 8X8 Protocol, ISOFT PARTNERS N.V. retains the substantial authority for practical operation of CB. The EXE tokens raised through this platform will be dispensed as the project budgets for Team 8 in the initial stage and the aim is to develop the fundamental ecosystem of 8X8 Protocol. From the time when the Dapp projects developed by Team 8 are increasingly commercialized to generate the sales and revenues, a part of the revenues will come to be continually accumulated by being allocated to DB automatically.
Eventually, the increase in Dapp services and the expansion of the user base of the services thereof will naturally accelerate the increase of the EXE assets at DB thereby moving up the time of conversion to decentralization as the ultimate goal of the project.
Since the total issuance quantity of EXE tokens was predetermined, as the Dapp project support is gradually increased and accordingly as the demand for EXE tokens by the users is increased explosively, the limited resources (EXE tokens) of CB will come to be rapidly diminished while the resources of DB will be increased naturally.
By way of this process, the 8X8 Protocol project will be converted to the truly decentralized ecosystem of its own accord and the ecosystem of 8X8 Protocol will get even more solidified. To create the solid ecosystem of token economy between the developers and users of Dapps on the basis of the blockchain technological capabilities apt to introduce a new age and, by way of this, to suggest a direction for development of the decentralized ecosystem in the genuine sense on top of the mutual trust are the objectives of 8X8 Protocol project.
White Paper Link: 8X8 PROTOCOL EXE White Paper
That’s all for this blog post.
It will be great if you can help me to spread the word about this 8X8 PROTOCOL EXE white paper by sharing this post.
If you have any questions related to the 8X8 PROTOCOL EXE white paper or need some further information or have some specific queries, feel free to ask your questions in Comment Section.
I monitor this section very closely and answer all your questions as fast as possible.
Also keep visiting us, as we keep on adding new content very frequently. You can also follow us on social media to get frequent updates.