Roadmap: Crypto Endgame
Building an inclusive financial infrastructure that powers the unprivileged average
Last updated
Building an inclusive financial infrastructure that powers the unprivileged average
Last updated
“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government. That is, we can’t take them violently out of the hands of government. All we can do is by some sly roundabout way introduce something that they can’t stop.”
— Friedrich August von Hayek, Austrian economist
The crypto end game is, as BitRexe is dedicated to achieving, an African person without identity is free to use crypto to buy coffee, receive Bitcoin from family members living in the United States frictionlessly, and own financial products easily to protect oneself from inflations and central banks' financial policies against one's properties.
To achieve such vision, the following 3 milestones are crucial:
Blockchain network that supports at least 350 Million transactions a day, equivalent to 7,000 transactions per second; Likely achieved through a layer 2 network. Such a network is designated to creating secured altcoins (e.g. ETH) or storing the value of financial derivatives connected to Bitcoin (e.g. wBTC). That's essentially the reason behind developing Swapchain.
Layer 3 network where transactions and transfers are free. Ideally, a user-friendly application to support it. Think of WeChat or Telegram where you can freely transfer your Bitcoin to other users without bothering to pay a $10 gas fee. Wiremin, a decentralized social network communicating mobile application, was created under such a vision.
Layer 4. Where Bitcoin-backed real-world assets are created and traded. First-Class Asset was created to connect Bitcoin and real-world assets, which requires both programmabilities and security(Nakamoto Consensus).
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