The chainless platform is a financial infrastructure based on digital assets. To solve a bunch of annoyances in the cryptocurrency space, such as sky-high fees, slow transaction processing, and insecure storage methods like open envelopes. This platform is like a digital wallet treasure bag; what’s in it?
Interpreting the innovation of chainless systems
WEB3.0 chainless financial platform is referred to as chainless platform. Its design jumps out of the blockchain, and there is no restriction of the impossible triangle of the blockchain. Adopting the idea of cryptocurrency, the chainless platform is designed to be transparently centralized, with external characteristics that are no different from the blockchain ledger, and the same principles of openness, fairness and non-tampering are implemented. Chainless is designed to be technologically un-innovative, using proven technology; unique and innovative in its product, incentives, community and core team.
The chainless core team also has no equity or control over the chainless project, only operational rights, and is ultimately responsible for the operation of the chainless System. This operating right should not exceed the existing practice of Ethereum, and every innovation must be cautious. The ideal situation is for the core team to become smaller and smaller. This kind of community decision-making, organized and operated by a core team, is similar to an elected government, but the scope is different. Here, it is just community management and operation.
Why do bloggers go to Weibo? Why do podcasters go to YouTube? The reason is that the platform has a large number of users, and the platform has complete facilities. The broadcasters only need to do the business they are good at. The more application projects the platform has, the more free coins users may receive and the greater the appeal to users. On the other hand, the more users the platform has, the more application projects will be attracted to it, thus forming a positive cycle. This is the resonance effect. Chainless is a transparent centralized platform close to centralized platforms in terms of ease of use. No platform project in the cryptocurrency space has this resonance.
In layperson’s terms, production relations are the relationships between people. One of the most important relationships between people is money. The second chapter of the chainless white paper,” Incentives,” and the third chapter, “Community Governance and Indirect Incentives,” are about innovatively designing relationships between people’s interests under legal conditions.
Starting today, we will unveil the mystery of Chainless System and introduce the white paper.
The product innovation of the chainless system contains several aspects. The chainless system captures the essence of the cryptocurrency idea, achieves the payment speed of the centralized system, and conforms to the idea of Web3. At the same time, the chainless system also inherits the technical advantages of Web2. The cost of bookkeeping is extremely low, and the bookkeeping system can be automatically expanded on demand, and the throughput is not limited. The smart contract is easy to write and upgrade, and the wallet is safe and easy to use, which is no different from the centralized wallet in terms of ease of use.