TOINNOV - Breaking Blockchain, Crypto & ICO News

learn more
more than 10 000 people every month reads TOINNOV learn more




TOP STORIES
A small victory for financial regulators: what will happen to the crypto industry next?

The international program on combating cryptocurrency fraud started only a few days ago but has alre...



Based on the Monero cryptocurrency, a new protocol is being created



The primary target of the platform will be tokens with "unique parameters" that store information about the property (virtual goods, etc.).



23.May.18 11:22 AM
By Alina Barsukova
Photo INNOV.RU

   25

Based on the Monero cryptocurrency, a new protocol is being created
Based on technology CryptoNote, focused on increasing the anonymity of transactions, will soon appear a new digital protocol Tari.

"Tari's goal is to support any digital assets. For example, one option is to allow issuers of such assets to participate in the secondary market, which means, among other things, resale, "said the co-founder of the company Navin Jain.

The primary target of the platform will be tokens with "unique parameters" that store information about the property (virtual goods, etc.).

In a broader sense, he believes that protocols and networks that consider specific application variations may be more useful than universal ones. The project portal specifies that the contract can handle several thousand transactions per second.

"I think that an important moment regarding how our space develops is the creation of a protocol used for any possible use case, or we are building something that is oriented to one use case," concluded Jane.

"We do not want to make any statements, but just want to prove ourselves on this path, and we consider this moment to be excellent for these plans."

In the creation of the protocol will also participate and the developer of the currency Monero Ricardo Spagna.



Back to the list


Related Information: