Good things come to those who wait
We want a platform and an economy where every participant is equal, where no one controls the benefits, where the experience gets better with every new participant. We want an economy where the Amazons of the world can participate, but not at the expense of everybody else.
Hundreds of startups work to create secure digital money that is not bound to national currencies. However both technological difficulties and business models make it hard to create transparent and fair digital economies.
acio’s Tender is a digital economy that provides an application platform with free scalable transactions and synchronised currencies (with extremely reduced volatility).
Holochain provides a new approach to DLT. Conventional blockchains of any generation store the ledger on decentralised computers but the data itself is “central” as it is stored completely on every full node.
All the technological parts for an ideal digital economy are now coming into existence. Pacio is putting them together in a way that creates a common good.
The Holochan/Pacio technology permits a zero-fee currency, but because it can be done is not why it should be done. The reasons are the great economic benefits.
Pacio is creating an economy of applications and users that find it beneficial to use the TENDER currency. The economy will serve many applications for different industries or interest groups. This could include gaming apps, business apps, accounting apps, social media apps, payment/remittance apps, or apps for non-technical enterprises like charities or individuals.
Pacio is developing an application platform for the blockchain era. It will support any application involving transactions such as payments, micropayments, IoT (Internet of Things), business applications or TEA (triple entry accounting) by fixing current DLT limitations, mainly lack of scalability and high costs.
Why would the world need this wonder currency? Aren’t credit cards, PayPal, and ACH/SEPA etc bank transactions just fine? No they are not! And this why.
They are a bad deal - expensive, volatile and with an unbalanced incentive system. They favour speculation over transactions.