The Essence of Capital – 17

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A relationship to capital entered this systemic art with the need to identify each individual knot with numbers for the cryptographic codes of digital transactions. The decision to serialize the grid modules to follow the sequential growth of knots formed a block relationship similar to the genesis block in blockchain; and with that, cryptocurrency.
The way Bitcoin is created, by solving a cryptographic puzzle, is applied to creating serial numbers in the process of designing the “next-in-sequence” knot. This is developed into a protocol set out in a White Paper on http://www.greatknot.com influenced by the introduction of the first Non-Fungible Token (NFT) concept using blockchain.
In its relationship with a unique knot, each number growing with the sequence has an obvious identity with value, just like blockchain's with immutability. When this identity is associated with something temporal, the numbers represent a symbol of the knot's value. Numbers that identify knots have them as their collateral as they take on the role of currency bonded by a trusted value. This is how capital should work in a digital economy.
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Illustrated here is the use of seven of the nine modules in a square to identify a unique knot with the value of modules 102, 103, 104, 105, 106, 107 and 108 in the Cryptoknot protocol. These tokenized numbers will never be associated with any other entity but the immutable combination here of four four crossing knots combined with three three crossing knots, and this, as the third of six combinations with three crossing knot additions to a four four crossing combination formalizes an obvious Cryptoknot structural requirement for capping every open loop to make every knot end its combinations before, in this case, the necessity for a single five crossing knot; the next-in-sequence; is added to the progression of combinations with it, continue to this point, and this adding to the sequence, continue on ad infinitum.

The Essence of Capital – 17 | Ecency