Previous blogs looked at the Barteos Token (BTE), issues in the cryptosphere, and the technical specifications of Barteos. This blog takes a deeper look into the Internet of money.
The internet of money is a concept introduced by Satoshi; it connects the financial system to facilitate the trade of goods and services. The internet of money has long been poised to incite a revolution in conventional banking, payment systems, and how we view money as a whole.
The idea behind the internet of money is to develop a new infrastructure regardless of the decentralized nature of bitcoin and other digital currencies. Basically, it cascades out from bitcoin and includes several cryptographic ledgers that manage all kinds of financial and non-financial applications – machine to machine transactions, contracts, equity transactions, content and accounts that need several signatures in an environment that provides flexibility, anonymity, a fast and affordable process, and increased freedom over an international network where individuals and firms are connecting.
The first era of the internet-of-money started with the release of the bitcoin blockchain. It provided a framework that demonstrated that the internet of money could be done. Ten-years of developments have passed since then. What was vision then, is a reality today.
Progressive graphene-based technology has dramatically altered the playing field. This is demonstrated by the success of Eos and Barteum. Eos is currently the most scalable blockchain and it can execute millions of transactions per second, and the basic foundation of its tech is shared by Barteos.
Barteos features improvements in its new consensus model with features that have been developed to be used commercially by the people.
What something can do, is only limited to how it is deployed. Barteos understands that this is one of the central, if not the core challenge faced by cryptocurrencies.
The eras of technology and speculation have come to an end. The next seven years are the era of deployment. Trade of altcoins on the basis of technological speculation has started to decrease, the matured tech is now ready to be utilized in real-world applications. For the people. The era of deployment is about proving crypto’s utility, and how it can benefit the masses. Barteos is about empowering. And empowering only becomes possible with deployment. The era of deployment will be the catalyst for mass adoption, which proves that crypto is here to stay.
The Barteos vision is crypto, evolved.