Quick jump
Hello and welcome to this blog post about Global Reserve System GLOB 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 Global Reserve System GLOB 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 Global Reserve System (GLOB).
I can ensue you that, you will be able to understand every bits and pieces related to Global Reserve System (GLOB) after going through the Global Reserve System GLOB 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.
Global Reserve System GLOB White Paper
Global Reserve System GLOB white paper will be going to provide you, all the information that is needed to get started with Global Reserve System (GLOB), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Global Reserve System (GLOB).
Introduction
The Global Reserve System is an ethical solution for the above problems that implements the alternative – socially oriented and sustainable – economy. The alternative economy is implemented through the decentralized emission of digital assets on the blockchain and the revolutionary Proof of Transaction protocol. Main principles:
• Mutual settlements do not result in a loss of funds by one of the parties
• No need for speculation for profits
• Elimination of financial risks
• Removal of toxic debt problems – loans must be issued with no risk of nonrepayment
• Ability to turn every project on the Planet into a profitable one
• Ethical distribution of wealth
• Solutions to social problems and a holistic approach to natural resources
• Easy funding for scientific research and technology development
• Donations to anyone on the Planet made possible without budget loss
• Passive income ensured by the total mining mechanism
• Limited token supply and gradual token burning
• Enabling of efficient use of both fiat and digital currencies, as GLOB allows the financial institutions to plan and manage their profitability
• Elimination of debt-based consumption stimulation in the economy in favour of consumption increased based on prosperity growth
• Interest rates to become fixed with no negative effect on the real sectors of the economy
• All loans to become profitable and businesses allowed to flourish. No need for the banks to speculate with debt and instruments in order to cover their losses. Low risk of major market crashes like that of 2008.
White Paper Link: Global Reserve System GLOB White Paper
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