There have been consistent changes in the manner humans organized their social life and handled their finances. Since the civilization of man, we have witnessed a dynamic shift from the usual pattern of living and interacting with fellow men and our environment, likewise, the way that we run our financial institutions. Certain experts believe that humans are experiencing the greatest restructuring as it affects socialism and the economy. The public is losing confidence in the way the government is handling the financial systems. Civilians envisaged that the government is incapable of delivering a sustainable system, which ensures the safety of assets and transparency of transactions.
This greatest restructure refers to the introduction of cryptocurrency and blockchain technology. It is an emerging system, since its launching in 2008 via the Bitcoin network, which focuses on eradicating the existence of monitoring and controlling money from a central point. More so, crypto is becoming an effective tool in removing the dysfunctional financial system, which is crippled with defective logic, sub-optimal monetary assets, and insufficient data. There is also the practice of a centralized governing structure in traditional banking systems and conventional financial institutions, which side-lined the public and gave sole authority to the government and/or financial platforms. However, since the integration of cryptocurrency and blockchain technology, the global economy has been revitalized and the masses, through crypto assets, are gaining control over money and capitalizing on the rehypothecation practice.
The Project
A thorough analysis of the framework and structure of the Prophecy Project explains the core objective and service offered by the network. The development team, made up of seasoned experts and professionals in the crypto world, built a cryptocurrency network that focuses on the supply policy in the industry and seeks ways through which it can optimize the logic governing it. This blockchain-powered platform also intends to create a substitute channel of crediting valuation. Prophecy Project is a network that believes in the agreement of members of its community and participants on the state of the internal economic policy of the network.
Prophecy platform, which is offering a substitute backbone for the creation of a credible internal economic policy (PoCD), is built on two fundamental components, a token and a protocol. The token of the network, denoted by the PRY token, operates as the exchange of value on the network and it supports the proof-of-committed-decay algorithm. On the other hand, the Prophecy’s Project Protocol will serve as a mainstay for financial products that operate within the economic regime of the project.
The three primary objectives of the Project Prophecy include:
The platform intends to deliver a comprehensive and all-inclusive monetary policy for its participants. It will build a robust monetary unit that will provide storage and transmission of value from one asset to another, thus, offering an authentic and first-choice monetary system.
Project Prophecy will eliminate the use of unverifiable financial data and replace it with a stable and credible public economy that relies on its participants.
This platform also plans to enable entire members of its community with a financial instrument that protects and develops their economic exposure with a useful and ample suite of financial products.
USEFUL INFORMATION
Website: https://prophecyproject.io/
Telegram: https://t.me/prophecyproject
Whitepaper: https://prophecyproject.io/files/prophecy-pry-wp-v0.1.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=5295023.0
Twitter: https://twitter.com/Buy_Prophecy
Github: https://github.com/prophetproject1/prophet-token
Medium: https://prophet-token.medium.com/
AUTHOR'S DETAILS
Bitcointalk Username: Esty2281
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2737693
Eth Address: 0xA181d93387DF684AD94D79f40E77E16f1BfE1a39